Macroeconomics
Objectives
This module focuses on macroeconomics: the study of the behavior of the economy as a whole. The aim of the module is to provide a rigorous analysis of the main topics in macroeconomics. Our approach is based on microeconomic foundations, as studied in the microeconomics course(s) you took before: we move from individual optimization problems to the macroeconomic problems faced in the aggregate economy. Topics to be covered include: intertemporal consumption and labor supply; business-cycle analysis; capital utilization and unemployment; monetary policy; fiscal policy, open economy.
(in Course Syllabus 1119 – Microeconomics, Fall Semester 202122)
General characterization
Code
1120
Credits
7
Responsible teacher
Pedro Brinca | João Duarte
Hours
Weekly - Available soon
Total - Available soon
Teaching language
English
Prerequisites
Compulsory prerequisites: 1101.Principles of Macroeconomics
Bibliography
Robert J. Barro, Macroeconomics: A Modern Approach (1st edition), 2008, Thomson South-Western.
(in Course Syllabus 1119 – Microeconomics, Fall Semester 202122)
Teaching method
All units include the analysis of real world data side-by-side with the theoretical analysis discussed in the lectures and tutorials, so that students can develop their understanding and critical perspective about macroeconomic facts. Additional readings from the press and other non-academic sources are provided to complement the required textbook.
(in Course Syllabus 1119 – Microeconomics, Fall Semester 202122)
Evaluation method
Available soon
Subject matter
(in Course Syllabus 1119 – Microeconomics, Fall Semester 202122)
Section 1. Introduction to Macroeconomics.
Section 2. Economic Growth.
Section 3. Economic Fluctuations.
Section 4. Money, Inflation, Interest Rates and Business Cycles.
Section 5. The Government Sector.
Section 6. The Open Economy.