Macroeconomics II

Code	14795
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 (capitalization and discount, budget constraints and graphical representation, intertemporal budget constraints). 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 in a Closed Economy. 9. Open Economies: Exchange Rate regimes and the Mundell-Flemming model.
Main Bibliography	Abel, A., Bernanke, B. & Croushore, D. (2020). Macroeconomics, 10th Edition. Pearson. Burda, M. & Wyplosz, C. (2017). Macroeconomics: An European Text, 7th Edition. Oxford University Press. Larrain, F. & Sachs, J. (1993). Macroeconomics in the global economy. Prentice-Hall. Sequeira, T., Neves, P.C., & Santos, M. (2018). Macroeconomia – Exercícios. Edições Sílabo. Teixeira, A., Silva, S., Ribeiro, A. & Carvalho, V. (2019). Fundamentos Microeconómicos da Macroeconomia, 5ª Edição. Livraria Vida Económica. .
Language	Portuguese. Tutorial support is available in English.