- 6 ECTS
- Taught in Portuguese
- Both continuous and final Assessment
- relevant skillset
At the end of this course students are expected to: (i) understand, analyze and interrelating the main macroeconomic phenomena, namely, the economic growth, unemployment, inflation and interest rate, balance of payments, exchange rates, budget balance and public debt and (ii) apply the models studied in the analysis of the problems and challenges facing nowaday the Portuguese economy in the macroeconomic context of the world economy, in general and on the contexto of EU macroeconomics in particular
Basic knowledge of mathematics.
The methodology adopted is the type expositive-active, using simultaneously the means, expository and interrogative. During classes and in order to stimulate the thinking of students, teachers use teaching techniques such as oral communication, demonstration, raising questions and actual and real case studies. Additionally, exercises will be solved applying the knowledge transmitted
Body of Work
1 - Introduction to Macroeconomics. Macroeconomics goals. Macroeconomics policies
2 - National Accounting. Macroeconomics aggregates. Main identities
3 - Keynesian Models - Simple model. Model with government. Model with open economy
4 - IS/LM Model. Goods and services market. Monetary market. Multiplieres. Effectiveness of fiscal and monetary policies. Policy mix. Extreme cases of IS-LM
5 - Global equilibrium - Aggregate demand and Supply. Aggregate demand and its determinants. Aggregate supply and its determinants. Aggregate supply typologies. Positive and negative shocks in demand and / or aggregate supply
- Dornbusch, R.; Fischer, S.; Startz, R. (2014) "Macroeconomics" 12th Ed. Mc-Grw Hill Economics.
- Pinho, Micaela (2015) "Macroeconomia: Teoria e Prática Simplificada". Edições Sílabo. Lisboa
- Blanchard, Olivier (2011) "Macroconomia" 5ª ed. Pearson. São Paulo
- Blanchard, Olivier (2013) "Macroeconomics" 6th Ed. Pearson Education. USA
- BURDA e WYPLOZS (2011)"Macroeconomia - Uma Visão Europeia" 5ªEdição Verlag Dashöfer.
- Dornbusch, Rudiger; Fischer, Stanley (2012) "Macroeconomia" 19ª ed. Eurobooks Editora. lisboa
- Mankiew, Gregory (2016) "Macroeconomics" 9th Ed. Macmillan Learning. NY
Week 1-2 Cap. 1. Introduction
Week 3-5 - Cap. 2. National Accounting
Week 6-9 - cap. 3. Keynesian Models
Week 10-13 - cap. 4. IS-LM Model
Week 14-15 - cap. 5. Global Equilibrium
Demonstration of the syllabus coherence with the curricular unit's objectives
Programmatic contents 1, 2, 3 and 4 allows to reach the first objective while the last programmatic content, by involving all previously studied models, contributes to the accomplishment of the second objective.
Demonstration of the teaching methodologies coherence with the curricular unit's objectives
The expository methodology contributes to achieving the first objective. The methodology of the interrogative type and solving exercises allows to reach the second objective.
|relevant generic skill||improved?||assessed?|
|Achieving practical application of theoretical knowledge||Yes||Yes|
|Analytical and synthetic skills||Yes||Yes|
|Commitment to effectiveness||Yes||Yes|
|Commitment to quality||Yes||Yes|
|Problem Analysis and Assessment||Yes||Yes|
|Written and verbal communications skills||Yes||Yes|