Macroeconomía (BBA60001)

General information

Type:	BAS	Curs:	1	Period:	S semester
ECTS Credits:	6 ECTS

Teaching Staff:

Group	Teacher	Department	Language
Sec: A	Josep Comajuncosa Ferrer	Economía, Finanzas y Contabilidad	CAT

Group	Teacher	Department	Language
Sec: B	Josep Comajuncosa Ferrer	Economía, Finanzas y Contabilidad	ESP
Sec: B	Carolina Villegas Sanchez	Economía, Finanzas y Contabilidad	ESP

Group	Teacher	Department	Language
Sec: C	Josep Domenech Ponsi	Economía, Finanzas y Contabilidad	CAT

Economics I

Mathematical Analysis (comprehension of graphs, equations, derivative rules and partial derivatives)

Workload distribution:

Lectures: 45 hours
Participatory sessions: 15 hours
Independent study: 83 hours
Exam: 8 jpirs

The Economics II course forms part of BBA students' economics training and therefore makes the following contributions to the programme along with the department's other courses:

1) Develop students' ability for analysis, their mental acumen and critical outlook in relation to problems and economic relationships between companies and their environments.
2) Provide the highest level of professional training and the information necessary for those going on to a career in business or management.

Upon successfully completing this course, students should:
1) Have acquired the necessary knowledge and tools to be able to analyse and interpret real situations from an economic perspective and
2) Be able to critically examine the ways in which aggregate economy and macroeconomic policies function, all the while considering issues related to social responsibility.

Based on these global objectives, we will aim to achieve a series of specific objectives linked to various competences:

A. Present reference frameworks, theories and tools as well as the key information for their use when analysing different scenarios/case studies and when proposing measures/ solutions to improve them.
B. Enable the definition of concepts, theories and models.
C. Promote the integration and structuring of the knowledge acquired in the course by completing assignments designed for this purpose.
D. Promote a critical approach to the analysis of real scenarios, above all in Economics.

6. Strategic thought, systematic thought

2. Application of knowledge to achieve results

7. Comprehension of the complexity of the local and global contexts

1. Knowledge acquisition, comprehension and structuring

1. Introduction to Macroeconomic Variables Introduction to Macroeconomics. National accounting. Inflation and deflation. Unemployment.

2. Fiscal Policy. The Income-Expense Model. Public sector accounts. Fiscal policy instruments and objectives. Public deficit and public debt. Determining the production-income equilibrium. Public expense multiplier.

3. The Financial Sector. Central Banks and Monetary Policy The banking system. Implementing monetary policy. Conventional and unconvential monetary policies.

4. The IS-LM Model Analysis of the effects of fiscal and monetary policies. "Crowding out" effect. Accommodating policies. Financial markets and expectations.

5. The Aggregate Supply and Demand Model Analysis of the effects fiscal and monetary policies have on production and equilibrium price leves. Supply policies. Supply and demand "shocks"

6.

7. The Great Recession The 2007-2009 Global Recession. 2010-2015 Euro Zone crises: causes and development.

ASSESSMENT BREAKDOWN

Blanchard, Olivier; Macroeconomía (5th edition) . Editorial Pentice Hall, 2012

Blanchard, O , Amighini, A. & Giavazzi, P.; Macroeconomics. A European Perspective (2nd edition). Pearson, 2013

Dornbusch, R. & Fischer, S.; Macroeconomía (10th edition) McGraw-Hill, 2009

Group	Teacher	Department
Sec: A	Josep Comajuncosa Ferrer	Economía, Finanzas y Contabilidad

Group	Teacher	Department
Sec: B	Josep Comajuncosa Ferrer	Economía, Finanzas y Contabilidad
Sec: B	Carolina Villegas Sanchez	Economía, Finanzas y Contabilidad

Group	Teacher	Department
Sec: C	Josep Domenech Ponsi	Economía, Finanzas y Contabilidad