|
Teaching GuideTerm Faculty of Economics and Business |
| Grao en Economía |
 Subjects |
| Macroeconomics |
| Contents |
|
|
|
| Identifying Data | 2020/21 | |||||||||||||
| Subject | Macroeconomics | Code | 611G01017 | |||||||||||
| Study programme |
|
|||||||||||||
| Descriptors | Cycle | Period | Year | Type | Credits | |||||||||
| Graduate | 2nd four-month period |
Second | Obligatory | 6 | ||||||||||
|
||||||||||||||
| Topic | Sub-topic |
| 1. Basic concepts and relevant facts about the demand and supply sides. | 1.1 The demand side: characteristics; the equilibrium relation investment-savings; the role of expectations in consumption and investment decisions; the Fisher equation. 1.2 The supply side: production and unemployment; supply side effects on unemployment; nominal rigidities, inflation and the business cycle. |
| 2. The 3-equations model and macroeconomic policy. | 2.1 Overview: economic cycle, output gap and stabilisation; the role of central banks; inflation and deflation. 2.2 The 3-equations model: modelling; applications. |
| 3. The role of expectations. | 3.1 Risk, uncertainty and expectations. 3.2 The Phillips curve, expectations and inflation. 3.3 Expectations in the 3-equations model. |
| 4. Money, banking, and the macro-economy. | 4.1 Money and the macro-economy. 4.2 A modern financial system. 4.3 Banks and macro stabilisation. |
| 5. The open economy. | 5.1 A model of an open economy: the foreign exchange market; the UIP condition; the medium-run equilibrium of the open economy; stabilisation under flexible exchange rates. 5.2 Applications: demand and supply shocks; exchange rate overshooting; exchange rate volatility. |
|
