Macroeconomic Analysis

Not applicable.

 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.

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.

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

NAO

Main 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 á 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.

Complementary bibliography:

Mankiw, N. Gregory; Principles of Economics, Western College Pub, 2017. ISBN: 9781305585126

Frank R., Bernanke B.; Princípios de Economia, McGraw-Hill, 2012. ISBN: 9788580550962