esade

Macroeconomics (2225.YR.006147.1)

Datos generales

Tipo:

 BAS

Curso:

 1

Periodo:

 S semestre

Créditos ECTS:

 5 ECTS

Profesorado:

Grupo Profesor Departamento Idioma
Year 1 Ioana Schiopu Economía, Finanzas y Contabilidad ENG

Objetivos de aprendizaje de la asignatura

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.

Contenidos

1. Introduction to Macroeconomic Variables

Introduction to Macroeconomics. National accounting. Inflation and deflation. Unemployment.

2. Fiscal Policy

Public sector accounts. Fiscal policy instruments and objectives. Public deficit and public debt

3. The Goods Market

Determining the production-income equilibrium. The effect of fiscal policy, like changes in government spending and taxation.

4. The Financial Market

The banking system. Implementing monetary policy. Conventional and unconvential monetary policies.

5. The IS-LM Model

Analysis of the effects of fiscal and monetary policies. "Crowding out" effect. Accommodating policies. Financial markets and expectations.

6. 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"

7. The Macroeconomic Challenges in the Post-Covid World

The role of large government debts. The revision of the strategy of the main central banks, and the resurgence of inflation. The challenges of low interest rates and the zero lower bound.

Criterios de evaluación

Students will sit two exams throughout the course: one mid-term exam (on the first half of the course content) and a final exam (on all the course material).
Faculty will also assess students on their attendance and participation in both lecture classes and participatory sessions.
Students must attend at least 80% of the classes to have the right to sit for the exam, the requisite for the resit exam is a 50% minimum attendance.

Students' final marks for the course are based on the following:
Final exam: 50% of the final mark
Mid-term exam: 25%
Group Work: 15%
Class participation: 10%

Bibliografía

Blanchard, O , Amighini, A. & Giavazzi, P.; Macroeconomics. A European Perspective (3rd edition). Pearson, 2017

Horarios y secciones

Grupo Profesor Departamento
Year 1 Ioana Schiopu Economía, Finanzas y Contabilidad

Horario Year 1

Del 16/2/2023 al 12/5/2023:
Cada viernes de 11:00 a 12:30. (Excepto: 7/4/2023)
Cada jueves de 9:45 a 11:15. (Excepto: 6/4/2023)