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Topics in Macroeconomics

Topics in Macroeconomics

Code	16278
Year	1
Semester	S1
ECTS Credits	6
Workload	TP(30H)
Scientific area	Economics
Entry requirements	NA
Learning outcomes	The objectives of the course are: 1) consolidate students' knowledge regarding the main determinants of macroeconomic equilibrium in the short and long run, as well as regarding economic fluctuations; 2) provide students with knowledge on the state of the art economic policy, on economic policy theory and promote their understanding of the decision making process in economic policy.
Syllabus	PART I – MACROECONOMIC EQUILIBRIUM 1. IS-LM Model and aggregate demand 2. Labour market and aggregate supply 3. Prices and aggregate production in equilibrium 4. Aggregate demand policies and response to choques PART II – MACROECONOMIC POLICIES 5. Fundamentals and objectives of economic policy 6. Monentary policy 7. Fiscal policy 8. Incomes policy 9. Structural economic policies 10. Coordination of policies 11. Economic policy institutional framework in European Union
Main Bibliography	Bénassy¬Quéré, Agnès, Coeuré, Benoît, Jacquet, Pierre and Pisani¬Ferry, Jean, Economic Policy: Theory and practice, 2nd ed., Oxford University Press, 2019; Burda, Michael e Wyplosz, Charles; Macroeconomics - a European Text, 7ª ed., Oxford University Press, 2017; ECB; The Monetary Policy of the ECB, 2011; Acocella, Nicola, Economic Policy in the Age of Globalisation, Cambridge University Press, 2005; Scientific papers on relevant related topics.
Teaching Methodologies and Assessment Criteria	Topics of macroeconomic equilibrium and economic policy analysis are presented by the teacher during classes.Practical lectures include discussion of current reports, articles and issues relevant for the study of the particular topic in question. The final evaluation results from the weighted mark of two components: 1) 50% for the writing, presentation and discussion of an assignment relative to an economic policy topic; 2) 50% for a written test.
Language	Portuguese. Tutorial support is available in English.