Macroeconomics

Classes are theoretical-practical (TP). Audiovisual and digital media will be used to approach the topics to present the content and
examples that illustrate them, as well as practical cases and exercises to encourage active participation. The pedagogical methods used will
be: expository, interrogative and case study, enabling a practical, active approach with student interaction so that there is facilitation for the
creation of ideas and confirmation of the content learned, as well as a strong approach to current contexts.

The main purpose of this subject is to provide students with theoretical-practical knowledge regarding the understanding of large
macroeconomic aggregates and how they interrelate.
Specific objectives are:
a) Debate current macroeconomic issues;
b) Understand the role of economic policies;
c) Determine and interpret macroeconomic quantities;
d) Understand macroeconomic models;
e) Interpret multipliers;
f) Understand the dynamics of inflation and unemployment;
g) Contextualize State intervention in stimulating competitiveness and economic growth;
h) Distinguish economic growth from economic cycle.

I – Introduction and general concepts
II – Measurement of economic activity
II.1. Output as a measure of economic activity
II.2. Employment and unemployment
II.3. Measurement of price level and inflation
II.4. National Accounts
III – The State and public finances
III.1. Budget balances and deficits
III.2. Public debt
IV – Consumption, Savings and Investment
IV.1. Private consumption and household savings
IV.2. Investment
V – Multiplier Effects
VI – IS/LM Model
VI.1. Product market and IS
VI.2. Money market and LM
VI.3. Simultaneous balance
VI.4. Budgetary and monetary policies
VI.5. Markets and Financial Instruments, Crises and Regulation.
VII – Aggregate supply and aggregate demand
VIII – Growth and economic cycles

NAO