Macroeconomic Analysis

Teaching Methodologies

The development of content will be based on a theoretical and theoretical-practical approach, either through exposure, through the analysis
of cases and problem solving.

Learning Results

This subject aims at developing the student’s skills regarding mainly the understanding of the main
macroeconomic aggregates and the way they interact. Other aims:
– Debate the current macro-economic issues;
– Understand the role of economic policies;
– Compute and interpret macro-economic aggregates;
– Understand macro-economic models;
– Interpret multipliers;
– Understand the dynamics of inflation and unemployment;
– Contextualise the Public Sector intervention in the stimulus to competitiveness and economic growth;
– Distinguish economic growth from business cycles.

Program

I – Introduction and general concepts
II – Measuring economic activity
Product as a measure of economic performance
Output gap
Employment and unemployment
Measuring price levels and inflation Inflation rate
Economic impacts of Inflation/deflation
Nominal and real values
National Accounts
Conceptual and theoretical issues
Agents, operations, flows and stocks
Economic circuit
National Accounting Identities
III – Public Sector and Public Finances
Public balance and public deficit
Public debt
IV – Consumption, Savings and Investment
Private consumption and family savings Investment
V – Multiplier effects
The Simple Keynesian model
Multipliers and fiscal policy
VI – IS/LM Model
Product market and the IS Money market and the LM
Simultaneous equilibrium
Fiscal and monetary policies
VII – Aggregate supply and aggregate demand
Aggregate demand
Aggregate supply
Macroeconomic equilibrium
Aggregate supply and aggregate demand shifts
VIII – Economic growth and business cycles

Curricular Unit Teachers

Internship(s)

NAO

Bibliography

Dornbusch, R., Fischer, S., & Startz, R. (2011). Macroeconomics. McGraw-Hill.
Samuelson P., Nordhaus W.; Economia, McGraw-Hill, 2012. ISBN: 9789899717237
Amaral, J. Ferreira, Louçã, F., Caetano, G., Fontainha, E., Ferreira, C., Santos, S.(2007), “Introdução à Macroeconomia”, Escolar Editora,
Lisboa, 2ª ed.
Burda, M. C., & Wyplosz, C. (2017). Macroeconomics: A European Text. Oxford University Press.
Burda, M., & Wyplosz, C. (2011). Macroeconomia: Uma Visão Europeia. Portugal: Verlag Dashofer.