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Macroeconomics II

Code 16477
Year 2
Semester S1
ECTS Credits 6
Workload TP(60H)
Scientific area Economics
Entry requirements No.
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.
Last updated on: 2026-01-15

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