ISLA IPGT 711

Macroeconomic

• ApresentaçãoPresentation

  The syllabus of the course - Macroeconomics aims to equip future managers with effective knowledge of the key introductory concepts of macroeconomic theory and their impact on social and business performance. The content will be delivered to enhance the analysis and understanding of the causes and possible solutions to economic problems such as crises, budget deficits, unemployment, inflation, and economic growth. Priority objectives include understanding fiscal and monetary macroeconomic policies and their impact on the organization, as well as the major macroeconomic aggregates resulting from changes in the budgetary choices of the state and monetary policy by the ECB (European Central Bank).  
• ProgramaProgramme

  1. PORTUGUESE ECONOMY, ECONOMIC AGGREGATES, AND THEIR MEASUREMENT 1.1. Overview of the Portuguese economy and economic indicators 1.2 Measurement of economic aggregates   2. INFLATION 2.1. Economic cycles 2.2. Stabilization policies 2.3. Price index 2.4. Costs of inflation   3. ECONOMIC CIRCUIT 3.1. Closed economy without Government 3.2. Closed economy with Government 3.3. Open economy with Government   4. UNEMPLOYMENT 4.1. Types of unemployment 4.2. Costs of unemployment   5. AGGREGATE DEMAND AND SUPPLY - PA/AO Model   6. KEYNESIAN MODEL 6.1. Income/Expenditure model 6.2. Equilibrium in the model 6.3. Keynesian expenditure multiplier   7. ROLE OF THE STATE AND PRIVATE ACTIVITY IN THE ECONOMY 7.1. Budget deficit and public debt 7.2. Fiscal policies 7.3. Supply-side economics (the analysis from the supply side)   8. MONEY AND BANKING 8.1. The banking system 8.2. Money supply 8.3. Monetary policy instruments 8.4. Money demand 8.5. Monetary side equilibrium   9. IS/LM MODEL
• ObjectivosObjectives

  At the end of the course, the student should: Understand the different instruments used for measuring wealth and other important variables in macroeconomic analysis (such as inflation rate, unemployment, etc.). Have knowledge of the real side aggregates of the economy, their weight, and impact on a country's economic performance, as well as the main instruments used to promote economic growth. Understand the functioning of the money market and the monetary policies of the European Central Bank (ECB), and their impact on the real economy and the life of a company. Understand the interaction between the real and monetary sides of the economy, as well as the policies used to address specific situations.
• BibliografiaBibliography

  Pinho, Micaela. Macroeconomia - Teoria e Prática Simplificada. 2ª Edição, Edições Sílabo, 2018. ISBN 978-972-618-938-1 Nabais, Carlos; Ferreira, Ricardo. Macroeconomia - Lições e Exercícios. Lidel, 2012. ISBN:978-972-757-596-1 Oliveira. Carlos Miguel. Manual de Introdução à Macroeconomia. ISLA, 2016. Oliveira. Carlos Miguel. Manual de Introdução à Macroeconomia - Cadernos de Exercícios. ISLA, 2016.  
• MetodologiaMethodology

  Centered on a practical and operational dimension, the teaching methodology will be both expository and demonstrative. Computer simulators of models that enhance the impact of changing one or more components on the overall balance will be employed. Assessment will be validated through practical exercises based on the balance of models and their interpretation, as well as through the exploration of a specific topic by students, shared and discussed by the class. The use of an e-learning tool promoted by the Bank of Portugal (StatFlix) will also be encouraged.
• LínguaLanguage

  Português
• TipoType

  Semestral
• ECTS

  5
• NaturezaNature

  Mandatory
• EstágioInternship

  Não