Cursos / 1º Ciclo / Faculty of Economy and Business Management :: Economics

COMPLEMENTOS DE MACROECONOMIA - 2021/2022

2º curricular year
Semestralidade: 1st semester
ECTS: 6

Teachers

Leading Teacher: Prof. Doutora Erika Laranjeira

Class type and School hours

Teórico-prática : 2 Horas
Orientação Tutorial : 1 Horas

Teaching Language

Portuguese

Main Aims/Objectives

It is intended to deepen and complement the knowledge acquired in the course of Macroeconomics. In this regard, several important issues for the internal equilibrium of a closed economy and the internal and external equilibrium of an open economy are addressed.

Specific Aims/Objectives

In particular, students should understand the aspects related to: the market of goods and services; the monetary market; economic policy - monetary and budgetary; international relations - exchange rate, balance of payments and capital mobility.

Skills to be acquired

At the end of the course, students should be able to understand and discuss the behavior and macroeconomic problems of current economies and be able to propose solutions to these problems.

Teaching Procedures

In theoretical classes the exposed material is always accompanied by an illustration showing real cases. The tutorial classes are designed to clarify questions and do some exercises about the issues taught in the theoretical classes.

Programme

1. Keynesian Model
1.1. Income and expenditure
1.2. Equilibrium
1.3. Multiplier Effect

2. IS/LM Model in a Closed Economy
2.1. Interest Rate, Consumption and Investment
2.2. The Goods and Services Market and the IS curve
2.3. The Money Market and the LM curve
2.4. Equilibrium with Fixed Prices
2.5. Macroeconomics Policies
2.5.1. Monetary Policy
2.5.2. Fiscal Policy
2.6. Keynesian Multiplier

3. IS-LM model in an Open Economy
3.1. Exchange Rate and Exchange Rate Regimes
3.2. Exchange Market
3.3. The balance of Payments
3.4. Equilibrium with Fixed Exchange Rates
3.5. Equilibrium with Flexible Exchange Rates

4. AS/AD Model
4.1. Aggregate Demand
4.2. Aggregate Supply
4.3. Equilibrium with Flexible Prices
4.4. Macroeconomics Policies
4.4.1. Monetary Policy
4.4.2. Fiscal Policy

Evaluation Type

Two tests.

Teaching Resources

Material provided in classes.

Sustainability Objectives

Keywords

Gross Domestic Product
Consumption
Interest rate
Investment
IS/LM Model
Exchange rate
Aggregate demand
Aggregate Supply
Open Economy

Main Bibliography

Complementary Bibliography