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Teaching GuideTerm Faculty of Economics and Business |
Guía Provisional
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| Grao en Economía |
 Subjects |
| Macroeconomics |
| Contents |
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| Identifying Data | 2024/25 | |||||||||||||
| Subject | Macroeconomics | Code | 611G01017 | |||||||||||
| Study programme |
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| Descriptors | Cycle | Period | Year | Type | Credits | |||||||||
| Graduate | 2nd four-month period |
Second | Obligatory | 6 | ||||||||||
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| Topic | Sub-topic |
| 1. The demand side. | 1.1 Goods market equilibrium, the multiplier, and the IS curve (review of first-year Principles of Macroeconomics). 1.2 Expectations and forward-looking behaviour: consumption and investment. 1.3 The demand side and inequality. 1.4 Consumption, investment, and the IS curve |
| 2. The supply side. | 2.1 Supply-side determinants of structural unemployment. 2.2 Supply-side equilibrium and inequality. 2.3 Nominal rigidities, the Phillips curve, and the business cycle. |
| 3. The 3-equation model. | 3.1 The role of the central bank in stabilization. 3.2 Central bank preferences and monetary rules. 3.3 The 3-eq model. |
| 4. Expectations and macroeconomic policy. | 4.1 Phillips curve, expectations and inflation. 4.2 Expectation hypotheses, inflation bias and time inconsistency. 4.3 Anchored inflation expectations and hysteresis. |
| 5. Money, Banking, and macroeconomy. | 5.1 Interest rates, banks, and financial markets. 5.2 The business of banking. 5.3 Monetary policy operations in scarce and ample reserves regimes. |
| 6. Fiscal policy. | 6.1 Fiscal policy role in stabilization. 6.2 Debt dynamics. 6.3 The government’s budget constraint and Ricardian equivalence. |
| 7. The 3-equation model in the open economy. | 7.1 Foreign exchange market and the UIP condition. 7.2 Medium-run equilibrium in the open economy. 7.3 Stabilization under flexible exchange rates. |
| 8. The Open Economy: demand and supply sides. | 8.1 The demand side and trade balance. 8.2 The supply side in an open economy. 8.3 The medium-run model: AD-BT-ERU. |
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