Macroeconomics

Scholar Year: 2023/2024 - 1S

Courses

Head Teacher Responsability Maria Ângela Gomes de Araújo de Lacerda Nobre Head

Weekly workload Hours/week T TP P PL L TC E OT OT/PL TPL O S Type of classes 2 2 Lectures Type Teacher Classes Hours Theoretical Totals 1 2,00 Maria Ângela Nobre   2,00 Practices Totals 2 4,00 Maria Ângela Nobre   4,00

Teaching language

Portuguese

Intended learning outcomes (Knowledges, skills and competencies to be developed by the students)

Broadly speaking, at the end of this subject, students are able to understand the macroeconomic environment for companies and society alike. Also related is the understanding of the actions of the government using economic policy.

Specific objectives:
• Identify the GDP components and GDP impact on the functioning of the economy;
• Understand the role of money and the functions of the Central Bank;
• Show the importance of the economic framework to the company;
• Analyse the impacts of macroeconomic factors on the performance of the company;
• Understand the evolution of the Portuguese economy and its external competitiveness;
• Understand both globalization and regionalism of the world economy.

Syllabus

Part I – Macroeconomic Analysis and Policy

• Stabilization and Growth; Trend and Cycle
• Expenditure, Product, Income
• Consumption, Savings, and Disposable Income
• Wealth, Investment, and Interest Rates
• Monetary Aggregates and the Monetary Base
• Government Revenue and Spending
• Public Debt and Deficit
• Current Account and Capital Account
• External Debt and Reserves Asset
• IS/LM; Aggregate Demand and Supply
• Fiscal Policy, Monetary Policy and Exchange Rate Policy


Part II – Macroeconomic Issues

• Inflation versus Unemployment
• Growth versus Development
• Globalization versus Regionalization

Keywords

Social sciences > Economics > International economics

Social sciences > Economics > Macroeconomics

Social sciences > Economics > Economic policy

Teaching methodologies

• Theoretical lessons: Both expository and interrogative methods are combined to the learning of the theoretical and conceptual macroeconomic framework.
• Practical lessons: Debate based on small news from media, reports, case studies, among others to consolidate theoretical and conceptual knowledge.
Moodle webpage support student learning.

Assessment methodologies and evidences

Continuous assessment:
• Two Individual Tests, open-book (T1 and T2): weight to final grade of 1/3 each; minimum grade of 7,5 from a scale 0-20;
• Participation in practical lessons (PPL) composed by the analysis and discussion of small news from media, reports and case studies in groups: weight to final grade of 1/3; minimum grade of 7,5 from a scale 0-20;

Final Grade = 1/3 x T1 + 1/3 x T2 + 1/3 x PPL

For approval students need a final grade equal or higher than 10 from a scale 0-20.

Final assessment:
• One Individual Exam, open-book (Ex)

Recourse Exam:
Available for students who fail either Continuous assessment or Final assessment (i.e. final grade lower than 10).
The evaluation is equal to Final assessment with Ex abbreviating Recourse Exam.

Main Bibliography

Bibliografia complementar é disponibilizada no programa da UC. Adicionalmente, sugere-se a consulta via Internet ou Centro de Documentação da ESCE de revistas e jornais de cariz económico (The Economist, Financial Times, Diário Económico, Jornal de Negócios, Semanário Expresso – Seção Economia), bem como dos relatórios de caráter económico e estatístico de organismos nacionais, europeus e internacionais (BCE/Banco Central Europeu, BP/Banco de Portugal, Eurostat, INE/Instituto Nacional de Estatística, Comissão Europeia - Europa 2020, WEF/World Economic Forum).