Macroeconomics II

Code	13936
Year	3
Semester	S1
ECTS Credits	6
Workload	T(30H)/TP(30H)
Scientific area	Economics
Entry requirements	NA
Learning outcomes	Macroeconomics II focuses on the demand side of macroeconomics. Students must be able to: 1. Identify the determinants of Consumption, Investment, Savings and Money Demand; 2. Solve the problems of the agents that consume, save, invest and demand money; 3. Identify the components of aggregate demand; 4. Solve the short-run macroeconomic models and determine their equilibrium.
Syllabus	PART I - INTRODUCTION 1. Basic concepts (capitalizations and actualizations, budget restrictions and graphical representation, intertemporal budget restrictions). 2. Short-run data on macroeconomic aggregates and their interpretation. PART II – NEOCLASSICAL ECONOMICS 3. Consumption and Savings. 4. Investment. 5. Open Economies: the relation between Savings and Investment. 6. Money Demand. PARTE III – KEYNESIAN ECONOMICS 7. IS-LM Model. 8. Aggregate Demand. 9. Open Economies: Exchange Rate Regimes and the Mundel-Flemming mode
Main Bibliography	Burda, M. and C. Wyplosz (2017), Macroeconomics: An European Text, 7th Edition, Oxford University Press. Abel, A., B. Bernanke and D. Croushore (2017), Macroeconomics, 9th Edition, Pearson. Teixeira, A., S. Silva, A. Ribeiro and V. Carvalho (2016), Fundamentos Microeconómicos da Macroeconomia, 4ª Edição, Livraria Vida Económica. Sequeira, T., P.C. Neves and M.S. Santos (2018), Macroeconomia – Exercícios, Edições Sílabo.
Language	Portuguese. Tutorial support is available in English.