Learning Results
a) Main objectives:
This subject aims at developing the student’s skills on the understanding of the big macroeconomic
aggregates and the way they interrelate.
b) Skills:
To discuss the current macroeconomic issues;
To understand the role of the economic policies;
To determine and interpret macroeconomic quantities;
To understand the macroeconomic models;
To interpret multipliers;
To contextualize the Government intervention in stimulating competitiveness and economic growth;
To distinguish between economic growth and economic cycle.
Program
II- Introduction and general concepts
II – Measuring economic activity
1.1.Product as a measure of economic performance 1.1.1 Output gap 1.2. Employment and unemployment
1.3. Measuring price levels and inflation 1.3.1. Inflation rate 1.3.2. Economic impacts of Inflation/deflation
1.3.4. Nominal and real values 1.4. National Accounts 1.4.1. Conceptual and theoretical issues
1.4.2. Agents, operations, flows and stocks 1.4.3. Economic circuit
1.4.4. National Accounting Identities
III – Public Sector and Public Finances
1.5. Public balance and public deficit 1.6. Public debt
IV – Consumption, Savings and Investment 1.7. Private consumption and family savings 1.8. Investment
V – Multiplier effects
VI – IS/LM Model
1.9. Product market and the IS 1.10. Money market and the LM 1.11. Simultaneous equilibrium
1.12. Fiscal and monetary policies
VII – Aggregate supply and aggregate demand
Internship(s)
NAO
Bibliography
Samuelson, P. e Nordhaus, W (2005), “Macroeconomia”, McGraw-Hill, Lisboa, 18ª ed;
Amaral, J. Ferreira, Louçã, F., Caetano, G., Fontainha, E., Ferreira, C., Santos, S.(2007), “Introdução à
Macroeconomia”, Escolar Editora, Lisboa, 2ª ed.