Universitat Internacional de Catalunya

Macroeconomics

Macroeconomics
6
14580
1
Second semester
FB
Main language of instruction: Spanish

Other languages of instruction: Catalan, English,

Teaching staff


By appointment. In order to make an appointment, please request one by writing to: mmartinr@uic.es

 

 

Introduction

In this course, students will gain a deep understanding of the key macroeconomic theories and concepts, including GDP, inflation, and unemployment. Through in-depth analysis and measurement of these concepts, students will learn about their interconnections and how they affect the economy as a whole. In addition to exploring macroeconomic theory, we will also examine the policies and tools that governments and central banks use to influence the economy, such as monetary and fiscal policy. By understanding how these policies can affect business operations, students will gain the ability to anticipate and adapt to changes in consumer demand, borrowing costs, and overall economic growth, which will enable them to make more informed and strategic decisions in a dynamic macroeconomic environment.

 


Pre-course requirements

None.

 

 

Objectives

The main objective of an introductory macroeconomics course is to equip students with a comprehensive understanding of macroeconomic principles, including the measurement, analysis, and forecasting of key economic indicators. The course will explore the relationship between these indicators and how they interact to shape the overall economic landscape. Additionally, students will learn about the tools and policies used by governments and central banks to influence the economy, such as monetary and fiscal policies and their impact on business operations. The course will also focus on developing the students' ability to analyze and evaluate the economic environment in which they operate, and make informed decisions based on this understanding.

 


Competencies

  • 10 - To identify long-term economic growth factors and understand the impact of globalisation.
  • 21 - To be familiar with the main theories in the fields of microeconomics and macroeconomics.
  • 22 - To be able to identify the nature and behaviour of producers, consumers and investors.
  • 23 - To be familiar with and know how to use microeconomic and macroeconomic analysis terminology.
  • 31 - To develop the ability to identify and interpret numerical data.

Learning outcomes

Ability to compare and contrast macroeconomic models and theories.

Ability to critically evaluate the assumptions and empirical evidence underlying macroeconomic models and theories.

Ability to anticipate the effects of public policies.

Ability to apply macroeconomic concepts and theories to real-world economic problems and policy debates.

 

 

Syllabus

 Part I. Introduction

Session 1: GDP

Session 2: CPI


Part II. Classical Theory: The Economy in the Long Run

Session 3: National Income 1

Session 4: National Income 2

Session 5: Money and Inflation 1

Session 6: Money and Inflation 2

Session 7: Problem Set 1

Session 8: The Open Economy 1

Session 9: The Open Economy 2

Session 10: Unemployment

Session 11: Problem Set 2

Session 12: Midterm 1


Part III. Growth theory

Session 13: Capital Accumulation and Population Growth 1

Session 14: Capital Accumulation and Population Growth 2

Session 15: Technology, Empirics, and Policy


Part IV. Business Cycle Theory: The Economy in the Short Run

Session 16: Introduction to Economic Fluctuations

Session 17: Aggregate Demand 1, Building the IS-LM Model

Session 18: Aggregate Demand 2, Applying the IS-LM Model

Session 19: The Open Economy Revisited 1

Session 20: The Open Economy Revisited 2

Session 21: Aggregate Supply and Short-Run Trade-off Between Inflation and Unemployment

Session 22: Problem Set 3

Session 23: Midterm 2

 

Part V. Topics

Session 24: Dynamic Model of Aggregate Demand and Aggregate Supply 1

Session 25: Dynamic Model of Aggregate Demand and Aggregate Supply 2

Session 26: Stabilization Policy

Session 27: Problem Set 4

Session 28: Understanding Consumer Behavior

Session 29: Money Supply and Money Demand

Session 30: Problem Set 5

 

 


 

 

 

 

 

 

Teaching and learning activities

In person



  • Master classes
  • Practice sessions
  • Midterms

 

Evaluation systems and criteria

In person



Your final grade will be the weighted average of the elements below:

1) Midterm exam 1: 20%

2) Midterm exam 2: 20%

3) Final exam: 55%

4) Class participation: 5%

 

 

 

 

Bibliography and resources

Macroeconomics (11th International Edition). Mankiw, N. Gregory Published by Macmillan Learning (2022).

ISBN 13: 9781319466886