Macroeconomic Policies
Objectives
The aim of the course is to introduce students to the concepts and analytical tools of Microeconomic Theory and their use in analysis of current issues and policies.
General characterization
Code
1107
Credits
7
Responsible teacher
Cláudia Alves | Wayne Sandholtz
Hours
Weekly - Available soon
Total - Available soon
Teaching language
English
Prerequisites
n/a
Bibliography
CORE project, The Economy, www.core-econ.org
Can be complemented with Krugman, P., Wells, R., Economics, any edition, Worth Publishers
Teaching method
Lectures: Two weekly classes of 1:20. Presentation and discussion of the topics of the program illustrated where possible with examples; clarification of doubts and questions.
Evaluation method
There are two options for the
assessment: Continuous Assessment and Examination.
Continuous Assessment: Regular Exam
1) Final exam: 60%. It is done without
consultation
Minimum score in the final exam of 8
out of 20 points.
2) Two midterm tests ? the highest
score has a weight of 20%, the lowest score has a weight of 10%
The lowest score across midterm tests
and final exam has a reduction in weight of 5%.
3) Group Homework: worth 10%,
requested throughout the semester for delivery at specific date. The delivery
of the homework is mandatory.
4) Individual quizzes in Moodle: worth
a total of 5%, requested throughout the semester for delivery at specific
dates. You can choose to have Continuous Assessment in both regular and re-sit
exams.
Resit Exam: 2 options
Option A. Continuous Assessment as in
the Regular Exam All assessment elements have the same weights as in the Regular
Exam (see above).
Option B . 100% Resit Exam Resit Exam with a weight of 100% This option is not available in the normal exam only in the resit exam. In this option, you will have to solve an extra section, compared to option A, with the corresponding extra time. The choice between Option A and Option B in the Resit Exam is made by you and once selected cannot be changed . The extra section in Option B will cover the materials that are present in both midterms and homework. You don’t have to take the normal exam to be able to choose the resit with a weight of 100%
Subject matter
Introduction to the course. What we do in Economics. Scarcity, work, and choice. Social interactions. Property and power: Mutual gains and conflict. The firm: Owners, managers, and employees. The firm and its customers. Supply and demand: Price-taking and competitive markets. The labor market: Wages, profits, and unemployment. Banks, money, and the credit market. Rent-seeking, price-setting, and market dynamics. Markets, efficiency, and public policy.