A) REGULATIONS
CONCERNING THE EVALUATION:

1.
Assessment conditions: It is forbidden to access the exam room with any device
that allows communication with the outside or storage of information.

2.
Identification of the student: Students must provide their identification under
current regulations.

3. Fraud in tests or assessment activities, once verified, will directly involve the qualification of "fail" (numerical grade 0) in the corresponding call of the academic year , whether the offense is committed in the first opportunity or in the second. To this end, teh qualification will be modified in the first opportunity report, if necessary.

B) GRADES:

1. “not
presented”: Corresponds to the student who only participates in evaluation
activities that have a weighting of less than 20% on the final grade,
regardless of the grade achieved.

2. Students
with recognition of part-time dedication and academic waiver of attendance:
Students with recognition of part-time dedication, even if they are exempt from
attendance, will be evaluated with the same criteria as full-time students.

C)
EVALUATION OPPORTUNITIES:

1. First
opportunity: the evaluation criteria previously indicated in this section will
be applied.

2. Second Chance:
The evaluation criteria are the same for all evaluation opportunities. Additional works or additional questions in the final exam may be required to obtain missed continuous evaluation points.

3. Early
call: in the early call, it is possible to recover the points of the continuous
assessment by additional questions to the final test.

D) OTHER COMMENTS

- According to the different regulations for university teaching, a gender perspective will be adipted in this subject (non-sexist language will be used, bibliography by authors of both sexes will be used, students will be encouraged to participate in class...)

- Prejudices and sexist attitudes will be identified and modified accordingly, and the environment will be adapted to modify them and promote values ??of respect and equality.

- Situations of discrimination based on gender must be detected and actions and measures will be proposed to correct them.

Learning outcomes	Study programme competences
Understand the dynamic character of production and inflation cycles, and the effect that monetary and fiscal policies exert on them.	A1 A2 A3 A5 A8 A10 A11 A13	B1 B2 B4	C1
Understand the role of expectations in consumption and investment decisions.	A1 A2 A3 A4 A5 A8 A10 A12	B1 B2 B4 B5 B6	C1 C2 C3 C4 C5 C6 C7 C8
Understand the concept of the exchange rate and how it is affected by commercial and economic policies.	A1 A2 A3 A4 A5 A7 A8 A9 A10	B1 B2 B3 B7 B8	C1 C2
Analyse the interrelation across macroeconomic variables and stabilisation policies in an open economy.	A2 A3 A8 A10	B1 B2 B7	C1 C2
Value and discuss Macroeconomics and economic models critically.	A3 A4 A7 A10 A13	B1 B2 B3 B4 B5 B6 B7 B8 B9	C6 C8
Analyse the medium-run adjustment processes of an economy.	A2 A3 A5 A8	B3 B4 B5 B6 B7 B8	C1 C3 C4

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 rate of unemployment. The Phillips' curve, aggregate supply and natural rate of unemployment. 1.3 Supply-side policy, institutions and unemployment.
2. Macroeconomic policy in the short to medium term.	2.1 Overview: economic cycle, output gap and stabilisation; the role of central banks; inflation and deflation. 2.2 Models of macroeconomic policy in the medium run.
3. The role of expectations.	3.1 Risk, uncertainty and expectations. 3.2 The Phillips curve, expectations and inflation.
4. The financial environment.	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.

Methodologies / tests	Competencies	Ordinary class hours	Student’s personal work hours	Total hours
Guest lecture / keynote speech	A1 A2 A3 A4 A5 A7 B2 B1 B3 C4 C5 C7 C8	17	0	17
Collaborative learning	A2 A3 A4 A7 A8 A9 A10 A11 A13 B2 B3 B4 B6 B9 C1 C2 C3 C4 C7 C8	19	0	19
Workshop	A3 A4 A7 A9 A11 A12 A13 B2 B3 B4 B8 C1 C2 C3	6	0	6
Mixed objective/subjective test	A2 A3 A8 A11 A12 A13 B2 B1 B3 B4 B5 B6 B7 B8 C1 C2 C4	2.5	52.5	55
Objective test	A3 A4 A9 A11 A12 A13 B6 C6 C1	2	36	38

Personalized attention		15	0	15

(*)The information in the planning table is for guidance only and does not take into account the heterogeneity of the students.

Methodologies	Description
Guest lecture / keynote speech	Learning activities include traditional lectures. Attendance, though not mandatory, is highly recommended.
Collaborative learning	Group work in the classroom aimed at improving the understanding of theoretical concepts discussed throughout the course.
Workshop	Participatory activities such as debates and analysis of current economic events.
Mixed objective/subjective test	Partial tests throughout the course.
Objective test	Final exam of the course, which may include multiple-choice questions and exercises.

Methodologies	Competencies	Description	Qualification
Mixed objective/subjective test	A2 A3 A8 A11 A12 A13 B2 B1 B3 B4 B5 B6 B7 B8 C1 C2 C4	Partial exams during the course.	20
Workshop	A3 A4 A7 A9 A11 A12 A13 B2 B3 B4 B8 C1 C2 C3	Active participation in the workshops.	10
Objective test	A3 A4 A9 A11 A12 A13 B6 C6 C1	Final exam.	70

Assessment comments
A) REGULATIONS CONCERNING THE EVALUATION: 1. Assessment conditions: It is forbidden to access the exam room with any device that allows communication with the outside or storage of information. 2. Identification of the student: Students must provide their identification under current regulations. 3. Fraud in tests or assessment activities, once verified, will directly involve the qualification of "fail" (numerical grade 0) in the corresponding call of the academic year , whether the offense is committed in the first opportunity or in the second. To this end, teh qualification will be modified in the first opportunity report, if necessary. B) GRADES: 1. “not presented”: Corresponds to the student who only participates in evaluation activities that have a weighting of less than 20% on the final grade, regardless of the grade achieved. 2. Students with recognition of part-time dedication and academic waiver of attendance: Students with recognition of part-time dedication, even if they are exempt from attendance, will be evaluated with the same criteria as full-time students. C) EVALUATION OPPORTUNITIES: 1. First opportunity: the evaluation criteria previously indicated in this section will be applied. 2. Second Chance: The evaluation criteria are the same for all evaluation opportunities. Additional works or additional questions in the final exam may be required to obtain missed continuous evaluation points. 3. Early call: in the early call, it is possible to recover the points of the continuous assessment by additional questions to the final test. D) OTHER COMMENTS - According to the different regulations for university teaching, a gender perspective will be adipted in this subject (non-sexist language will be used, bibliography by authors of both sexes will be used, students will be encouraged to participate in class...) - Prejudices and sexist attitudes will be identified and modified accordingly, and the environment will be adapted to modify them and promote values ??of respect and equality. - Situations of discrimination based on gender must be detected and actions and measures will be proposed to correct them.

Basic	O. Blanchard (2017). Macroeconomía (7.ª edición). Madrid: Prentice Hall W. Carlin y D. Soskice (2014). Macroeconomics: Institutions, Instability, and the Financial System. Oxford University Press

Complementary	W. Mitchell, L. Randall Wray y M. Watts (2019). Macroeconomics. London: Red Globe Press Ben Fine y Ourania Dimakou (2016). Macroeconomics: A critical companion. London, UK: Pluto Press M. Lavoie (2015). Post-keynesian economics: new foundations. Edward Elgar Publishing