Principles of Macroeconomics

Acquired knowledge that allowed students to enter this degree, namely basic knowledge on mathematics

The subject will be taught through different tools such as power points, theoretical texts and realization in class of several practical exercises.

a)Skills to be acquired: 
The course aims to develop the student’s skills with regard to understanding the major
macroeconomic aggregates and how they interrelate.
b) Objectives:
Debate current macroeconomic issues;
Understand the role of economic policies;
Determine and interpret macroeconomic quantities;
Understand macroeconomic models;
Interpret multipliers;
Understand the dynamics of inflation and unemployment;
Contextualize State intervention in stimulating competitiveness and economic growth;
Distinguish economic growth from economic cycle.

I – Introduction and general concepts
II – Measurement of economic activity.
1.1. Product as measure of economic activity
1.1.1 – Product gap
1.2. Employment and unemployment
1.3. Measuring the price level and inflation
1.3.1. Inflation rate
1.3.2. Economic impacts of inflation/deflation
1.3.3. Nominal and real quantities
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 – The State and public finances
1.5 – Budget balances and deficits
1.6 – Public debt
IV – Consumption, Savings and Investment
1.7. Private consumption and household savings
1.8. Investment
V – Multiplier Effects
VI – IS/LM Model
1.9. Product market and IS
1.10. Money market and the LM
1.11. Simultaneous balance
1.12. Fiscal and monetary policies
VII – Aggregate supply and aggregate demand
VIII – Growth and economic cycles

NAO

Dornbusch R., Fischer S., Startz R., (1998), “Macroeconomia”, McGraw-Hill, Lisboa, 7ª ed.;

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.

Sequeira, T., Neves, P., Santos, M. (2018). Macroeconomia – Exercícios, Ed Silabo;

Pinho, M. (2022). Macroeconomia – Teoria e Prática Simplificada, Ed Silabo;

Texts and exercises authored by the professor responsible for the discipline.