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  4. Macroeconomic Analysis

Macroeconomic Analysis

Objectives

The aim of this course is to motivate the students with the use of simple analytical tools to interpret and discuss current macroeconomic challenges, in a worldwide perspective.

General characterization

Code

2174

Credits

7

Responsible teacher

António Miguel Amoedo Lebre de Freitas

Hours

Weekly - Available soon

Total - Available soon

Teaching language

English

Prerequisites

n/a

Bibliography

The course draws on different textbooks and papers. The following list covers most of the topics:

. Schmitt-Grohé, S., Uribe, M., Woodford, M., 2021. International Macroeconomics.

. Brunnermeier, M, Reis, R., 2019. Crash Course: Financial and Currency Crisis. Mimeo, Princeton.

. Montiel, P. 2003. Macroeconomics in Emerging Markets. Cambridge.

. Krugman, P., Currencies and Crises.

. Romer, D., 2006. Advanced Macroeconomics, 3rd Edition, McGraw Hill.

. Challe, E,, 2019. Macroeconomic Fluctuations and policies. MIT Press. . Carlos Végh, 2015, Open economy macroeconomics in developing countries, MIT Press. 

. Reinhart, C. M. and K. S. Rogoff (2009), This Time is Different: Eight Centuries of Financial Folly, Princeton University Press.  


 


Teaching method

The teaching includes reviews of models already introduced in undergraduate macro, as well as the introduction of other (simple) tools. The course consists in formal lectures, where the theoretical material is presented, take-home exercises, and a written assignment focusing on the topics addressed  in the course.

Evaluation method

Take-home assignments (10%); a mid-term assessment (30%); final exam (30%); discussion of a case study in class and delivery of a written report no later than Dec 2 (30%). 


Subject matter

 Savings, Investment and the Current Account in the well-functioning economy. The monetary economy in the long run. Fiscal aspects of nominal stability. Sticky prices. Financial Market Frictions. Capital Flows and the real exchange rate. Debt crisis.