
Macroeconomics I
Code: 102384Credits: 6
| Degree programme | Type | Course |
|---|---|---|
| Business Administration | OB | 2 |
| Economics | OB | 2 |
Contact lecturer
- Name :
- Valeri Sorolla Amat
- Email :
- valeri.sorolla@uab.cat
Teaching staff
- Ana Isabel Cordoba Sanchez
- Maria Jose Solís Baltodano
Group languages
You can consult this information at the end of the document.
Prerequisites
Introduction to Economics.
Math I.
Math II.
Statistics I.
Objectives
This course proposes and discusses the main tools and instruments from both the theoretical and the empirical point of view, to be used in the analysis of the evolution of an economic systrem. Main themes of study are Production, and the distribution and allocation of income over time, and its relationship with other agreggate (macro-economic) variables of interest.
Learning outcomes
Business Administration
- CM38 (Provide solutions in the macroeconomic field by assessing the social, economic and environmental impact.) Provide solutions in the macroeconomic field by assessing the social, economic and environmental impact.
- KM34 (Identify the functioning of the labour market and its frictions.) Identify the functioning of the labour market and its frictions.
- KM35 (Identify the components of gross domestic product and national income.) Identify the components of gross domestic product and national income.
- KM36 (Recognise the determinants of economic growth and international differences in per capita income.) Recognise the determinants of economic growth and international differences in per capita income.
- KM37 (Recognise the links between unemployment and inflation.) Recognise the links between unemployment and inflation.
- SM35 (Examine the effect of economic policies on macroeconomic variables in relation to the effects of counter-cyclical policies.) Examine the effect of economic policies on macroeconomic variables in relation to the effects of counter-cyclical policies.
Economics
- CM29 (Provide solutions in the macroeconomic field by assessing the social, economic and environmental impact.) Provide solutions in the macroeconomic field by assessing the social, economic and environmental impact.
- KM24 (Identify the functioning of the labour market and its frictions.) Identify the functioning of the labour market and its frictions.
- KM25 (Identify the components of gross domestic product and national income.) Identify the components of gross domestic product and national income.
- KM26 (Recognise the determinants of economic growth and international differences in per capita income.) Recognise the determinants of economic growth and international differences in per capita income.
- KM27 (Recognise the links between unemployment and inflation.) Recognise the links between unemployment and inflation.
- SM27 (Examine the effect of economic policies on macroeconomic variables in relation to the effects of counter-cyclical policies.) Examine the effect of economic policies on macroeconomic variables in relation to the effects of counter-cyclical policies.
Contents
1. Introduction.
1.1 Macroeconomic variables.
1.2 Gross domestic Product (GDP).
1.3 Inflation and the cost of living: GDP deflator and CPI.
1.4 The circular flow of income: Production, distribution and expenditure.
2. Growth and economic growth models.
2.1 Growth and growth accounting.
2.2 Capital accumulation, technological progress; Solow’s model.
2.3 Empirical evidence: absolute and conditional convergence.
2.4 A simple model of endogenous growth.
3. The labor market.
3.1 Main variables.
3.2 A simple model of the natural rate of unemployment.
3.3 Frictional unemployment.
3.4 Structural unemployment.
4. Economic fluctuations.
4.1 Economic cycles.
4.2 The aggregate demand curve.
4.3 Aggregate supply in the short and long run.
5. The IS-LM model and the aggregate demand curve.
5.1 The Keynesian cross model.
5.2 Multipliers and fiscal policy.
5.3 The IS curve.
5.4 Financial assets, money market and the LM curve.
5.5 Effects of monetary and fiscal policies in the IS-LM model.
5.6 The aggregate demand curve.
6. Macroeconomics in an open economy.
6.1 Exchange rates and exchange rates regimes.
6.2 The Mundell-Fleming model.
6.3 Effects of fiscal and monetary policies in an small open economy.
6.4 The big open economy.
7. Issues in Macroeconomics.
Learning activities and methodology
| Title | Hours | ECTS | Learning outcomes |
|---|---|---|---|
| Study. Preparing excercises and group discussion. | 55.5 | 2.22 | CM29, CM38, KM24, KM25, KM26, KM27, KM34, KM35, KM36, KM37, SM27, SM35 |
| Readings | 20 | 0.8 | CM29, CM38, KM24, KM25, KM26, KM27, KM34, KM35, KM36, KM37, SM27, SM35 |
| Lectures | 32.5 | 1.3 | CM29, CM38, KM24, KM25, KM26, KM27, KM34, KM35, KM36, KM37, SM27, SM35 |
| Exercices and group discussion. | 17 | 0.68 | CM29, CM38, KM24, KM25, KM26, KM27, KM34, KM35, KM36, KM37, SM27, SM35 |
| Tutorials. | 20 | 0.8 |
The tipe of teaching methodology planned for the course is in-site teaching.
This subject combines lectures with ITC support and more applied sessions devoted to problem solving.
In this subject, the use of Artificial Intelligence (AI) technologies is not permitted in any of its phases. Any work that includes fragments generated with IA will be considered a foul of academic honesty and may entail a partial or total penalty in the activity grade or major sanctions in certain cases.
Assessment
Continuous assessment activities
| Title | Weight | Hours | ECTS | Learning outcomes |
|---|---|---|---|---|
| Final examination | 50 % of the final grade | 2 | 0.08 | CM29, CM38, KM24, KM25, KM26, KM27, KM34, KM35, KM36, KM37, SM27, SM35 |
| Midterm exam | 35% of the final grade. | 1.5 | 0.06 | CM29, CM38, KM24, KM25, KM26, KM34, KM35, KM36 |
| Problem sets and other homeworks. | 15% of the final grade. | 1.5 | 0.06 | CM29, CM38, KM24, KM25, KM26, KM27, KM34, KM35, KM36, KM37, SM27, SM35 |
Calendar of evaluation activities
The dates of the evaluation activities (midterm exams, exercises in the classroom, assignments, ...) will be announced well in advance during the semester.
The date of the final exam is scheduled in the assessment calendar of the School.
"The dates of evaluation activities cannot be modified, unless there is an exceptional and duly justified reason why an evaluation activity cannot be carried out. In this case, the degree coordinator will contact both the teaching staff and the affected student, and a new date will be scheduled within the same academic period to make up for the missed evaluation activity." Section 1 of Article 264. Calendar of evaluation activities (Academic Regulations UAB). Students of the School of Economics and Business, who in accordance with the previous paragraph need to change an evaluation activity date must process the request by filling out an Application for exams' reschedule: e-Formulari per a la reprogramació de proves
Retake Process
"To be eligible to participate in the retake process, it is required for students to have been previously been evaluated for at least two thirds of the total evaluation activities of the subject." Section 2 of Article 261. The recovery (UAB Academic Regulations). Additionally, it is required that the student to have achieved an average grade of the subject greater than or equal to 3.5 and less than 5. The date of the retake exam will be posted in the calendar of evaluation activities of the Faculty. Students who take this exam and pass, will get a grade of 5 for the subject. If the student does not pass the retake, the grade will remain unchanged, and hence, student will fail the course.
Irregularities in evaluation activities
The completion of assessment activities is subject to the provisions set out in this course guide and in the "Policy of the School of Economics and Business on the Detection of Irregularities during Assessment Activities", which regulates the conditions under which assessment tasks are conducted and the procedures applicable in cases where indications of irregularities are detected. Students are encouraged to consult the policy.
This subject does not offer the option for comprehensive evaluation.
Not evaluable subject
A student who does not perform any evaluative task is considered “not evaluable”, therefore, a student who performs a continuous assessment component can no longer be qualified with a "not evaluable".
Bibliography
It is preferable to use the original Englisht textbooks:
Mankiw, N. G., Macroeconomics, 10th edition, 2019. New York: Worth Publishers.
Blanchard, O., A. Amighini y F. Giavazzi, Macroeconomics. A European Perspective, 3rth edition, 2017. New York: Pearson Education. Online edition: https://ebookcentral-proquest-com.are.uab.cat/lib/uab/reader.action?docID=5175087
Software
Spread sheet and word processor.
Course groups and languages
The information provided is provisional until November 30. After this date, you will be able to consult the language of each group through this link. To access the information, you will need to enter the course CODE
| Type of teaching | Group | Language | Semester | Shift |
|---|---|---|---|---|
| (TE) Theory | 1 | Spanish | second semester | morning-mixed |
| (PAUL) Classroom practices | 1 | Spanish | second semester | morning-mixed |
| (TE) Theory | 2 | Catalan | second semester | morning-mixed |
| (PAUL) Classroom practices | 2 | Catalan | second semester | morning-mixed |
| (TE) Theory | 4 | English | second semester | morning-mixed |
| (PAUL) Classroom practices | 4 | English | second semester | morning-mixed |
| (TE) Theory | 8 | English | second semester | morning-mixed |
| (PAUL) Classroom practices | 8 | English | second semester | morning-mixed |
| (TE) Theory | 51 | Spanish | second semester | afternoon |
| (PAUL) Classroom practices | 51 | Spanish | second semester | afternoon |
| (TE) Theory | 52 | Spanish | second semester | afternoon |
| (PAUL) Classroom practices | 52 | Spanish | second semester | afternoon |
| (TE) Theory | 60 | Catalan | second semester | morning-mixed |
| (PAUL) Classroom practices | 60 | Catalan | second semester | morning-mixed |