Cursos / 2º Ciclo / / Faculty of Economy and Business Management :: Economics

MACROECONOMIA - 2016/2017

1º curricular year
Semestralidade: 1st semester
ECTS: 7.5

Teachers

Leading Teacher: Prof. Doutora Ana Pinto Borges
Assistant Professor: Prof. Doutora Ana Pinto Borges

Class type and School hours

Teaching Language

Portuguese

Main Aims/Objectives

Prepare the students with a set of analytical and practical tools that allows knowledge and technical analysis of current macroeconomic problems and thus understand its origin and resolution. The main topics covered in this course are: economic growth, unemployment, budget deficit and public debt.

Specific Aims/Objectives

The intention of this course that students understand the current issues of the economy and dominate the macroeconomic policy instruments, in order to obtain certain pre-defined goal.

Skills to be acquired

At the end of the course, the students should be able to:
• understand the macroeconomic performance of economies and realize how they are interrelated;
• analyze the labor market, and
• understand the budget deficit and public debt.

Teaching Procedures

The classes have a component of exposition, which are used in audiovisual media and a practical component where through the analysis or problem solving are explored concepts explained.

Programme

I. ECONOMIC GROWTH.
1.1. Harrod-Domar model
1.1.1. Effect investment demand
1.1.2. Effect productive capacity investment.
1.2. Solow model
1.3. Endogenous Growth Models.
1.4. Growth Policies.
1.5. Model of Ramsey-Cass-Koopmans
1.6. Models of R & D
1.7. Empirical evidence


II. EMPLOYMENT AND UNEMPLOYMENT
2.1. Concepts
2.2. Labor market
2.2.1. Labour supply
2.2.2. Labour demand
2.2.3. Equilibrium in the labour market
2.3. Structural unemployment
2.4. Unemployment fictional
2.5. Empirical evidence


III. DEFICIT AND DEBT
3.1. Concepts and empirical evidence
3.2. Budget constraint of the public sector
3.2.1. Budget constraint in economy with two periods
3.2.2. Deficit financing and public debt developments
3.3. Ricardian equivalence
3.3.1. Principle of Ricardian equivalence
3.3.2. Limitations of the principle of Ricardian equivalence
3.4. Inflation tax and manorial
3.5. Social security systems
3.6. Empirical evidence

Evaluation Type

The students must do onde individual research work must to implement an empirical application of the models presented in class.

Teaching Resources

The presentation of the contents will take place predominantly in the classroom, where they will be exposed the issues of the program, using:
1. the Microsoft PowerPoint;
2. the book adopted, and
3. practical exercises.

Sustainability Objectives

Keywords

1. Economic growth
2. Labor market
3. Budget deficit
4. Public debt

Main Bibliography

Complementary Bibliography