Fiscal Policy and Stabilization
Objectives
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General characterization
Code
2150
Credits
3.5
Responsible teacher
Antonio S. Pinto Barbosa
Hours
Weekly - Available soon
Total - Available soon
Teaching language
English
Prerequisites
Knowledge of the basic IS-LM intermediate macro model is assumed.
Bibliography
1. As a general background, any of the following textbooks:
Macroeconomics, O. Blanchard, Prentice Hall;
Macroeconomia, A.S.P.Barbosa, McGraw-Hill;
Macroeconomics, R. Gordon, Little and Brown;
Macroeconomics, G. Mankiw, Worth Publishers.
2. Readings on specific topics will be indicated in due course.
Teaching method
Interactive lectures.
Evaluation method
The final exam is mandatory and must cover the entire span of the course. Its weight in the final grade can be between 30 to 70%. The remainder of the evaluation can consist of class participation, midterm exams, in class tests, etc. Overall, written in class assessment (final exam, midterm) must have a weight of at least 50%.
Midterm in-class test: (30%)
Final written exam: 70%
Subject matter
T1. Fiscal Policy as a branch of Budgetary Policy.
2. Fiscal Policy and non-activism.
3. FP vs Monetary Policy and the IS-LM-AS model.
4. Fiscal stance indicators
5. Costs: deficit and debt
6. Political Economy of Fiscal Policy