Universidade Nova de Lisboa

Universidade Nova de Lisboa

Nova School of Business and Economics

Macroeconomic Analysis

Code

2174

Academic unit

null

Department

null

Credits

7

Teacher in charge

António Miguel Amoedo Lebre de Freitas

Teaching language

English

Objectives

The aim of this course is to motivate the students with the use of simple analytical tools to interpret and discuss current macroeconomic problems, as well as the role of policies in addressing these problems. The real-world-oriented approach will materialize with the discussion of non-technical articles.

Prerequisites

N/A

Subject matter

1 - Introduction: the history of macroeconomics;

2 - Consumption, investment and checking account;

3 - The imperfections of the Financial Market;

4 - Capital Flows and the real exchange rate;

5 - Tax aspects of exchange rate regimes;

6 - Sovereign debt crisis;

7 - Controversy policy.

Bibliography

The course will draw on different books and papers, depending on the topic. A references that contain most of the material is:

  • [SUW] Schmitt-Grohé, Uribe, M., Woodford, M, 2015. International Macroeconomics.

    • For specific topics we will also use:

  • [SL] Sachs, J., Larrain, F., Macroeconomics in the global economy. Prentice Hall, 1993.
  • [W] Williamson, S., Macroeconomics. Pearson, 5th edition.
  • [PM] Montiel, P. 2003. Macroeconomics in Emerging Markets. Cambridge.
  • [CV] Végh, 2015. Open Economy Macroeconomics in Developing Countries, MIT Press.

    • Some articles for discussion will be selected from the IMF publication Finance and Development, available in http://www.imf.org/external/pubs/ft/fandd/fda.htm, from VoxEU.org (http://www.voxeu.org/), the Project Syndicate, Paul Krugman and others.

    Teaching method

    The teaching includes reviews of models already introduced in undergraduate macro, as well as the introduction of other simple tools. The sessions include formal lecturing, only. Exercises are to be solved by the student at home. Resolution of representative exercises will be made available on the course home page.

    Evaluation method

    ASSESSMENT.

    The Final Exam is mandatory and must cover the entire span of the course. Its weight in the final grade can be between 30 to 70%. The remainder of the evaluation can consist of class participation, midterm exams, in class tests, etc. Overall, written in class assessment (final exam, midterm) must have a weight of at least 50%.

    Two mid-term assessments and a final exam (33% each)

    Courses