Degree | Type | Year | Semester |
---|---|---|---|
2501572 Business Administration and Management | OT | 4 | 0 |
2501573 Economics | OB | 3 | 1 |
Introduction to Economics
Mathematics 1
Mathematics 2
Statistics 1
Macroeconomics 1
The goal of the course is to study a number of interesting macroeconomic questions by taking a formal approach with basic general equilibrium models. Special emphasis is put on the study of labor markets and fiscal and monetary policies. This course helps to bridge the gap between Macroeconomics I and Macroeconomics III courses by familiarizing the student with the formal analysis of macroeconomic questions.
TOPIC 1: CONSUMPTION, SAVINGS AND THE INTERTEMPORAL DECISION
1.1 The consumer's intertemporal problem
1.2 The competitive equilibrium
1.3 The life cicle hypothesis
1.4 The permanent income hypothesis
TOPIC 2: THE LABOR MARKET AND UNEMPLOYMENT
2.1 The consumption-leisure decision and the labor supply
2.2 Labor demand
2.3 Competitive equilibrium in the labor market: the classical model
2.4 Definitions of unemployment
2.5. Models of unemployment without search and matching frictions
2.6. Models of unemployment with search and matching frictions
TOPIC 3: INVESTMENT
3.1 The neoclassical investment function
3.2 Investment and Tobin's q
TOPIC 4: FISCAL POLICY
4.1 Competitive equlibrium with lump sum and proportional taxes
4.2 The Ricardian Equivalence theorem
4.3 Deficit and public debt: the sustainability of public deficits
4.4 Social security and pensions. Overlapping generations model
TOPIC 5: MONETARY POLICY
5.1 Money and monetary aggregates
5.2 Monetary policy of the European Central Banc
5.3 The money multiplier
5.4 Money demand: the Baumol-Tobin model
5.5 Banks and bank panics. The Diamond-Dybvig model of banks
TOPIC 6: MACROECONOMIC POLICY WITH IMPERFECT INFORMATION
6.1 The Lucas supply curve
6.2 The Lucas model with rational expectations
6.3 The Phillips curve
6.4 The macroeconomic model with the Phillips supply curve and the role of expectations
6.5 The intertemporal inconsistency of macroeconomicpolicy
In this subject we combine classical lectures with ICT support together with more applied sessions devoted to solving problems and exercises lists.
Title | Hours | ECTS | Learning Outcomes |
---|---|---|---|
Type: Directed | |||
Homework and group discussion | 13 | 0.52 | 1, 2, 3, 5, 12, 6, 7, 8, 9, 10, 11 |
Lectures | 33 | 1.32 | 1, 5, 12, 6, 7, 4, 8, 9, 10, 11 |
Type: Supervised | |||
Office Hours | 1 | 0.04 | 5, 12, 6, 7, 4, 9, 10, 11 |
Type: Autonomous | |||
Studying, homework preparation and group discussion | 99.5 | 3.98 | 1, 2, 3, 5, 12, 6, 7, 4, 8, 9, 10, 11 |
Evaluation criteria:
The evaluation of the course will be held continuously and will include three evaluation activities of two diferent typologies: a final exam with a weight of 50% in the final grade, one midterm exams that will compute a 35% of the final grade each one and a take home exam that will compute 15% of the final grade.
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 Faculty.
"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 115. Calendar of evaluation activities (Academic Regulations UAB). Students of the Faculty 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' reschedulehttps://eformularis.uab.cat/group/deganat_feie/application-for-exams-reschedule
Grade revision process
Afterall grading activities have ended, students will be informed of the date and way in which the course grades will be published. Students will be also be informed of the procedure, place, date and time of grade revision following University regulations.
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 3 of Article 112 ter. The recovery (UAB Academic Regulations). Additionally, it is required that the student to have achieved an average grade of the subject between 3.5 and 4.9.
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
In spite of other disciplinary measures deemed appropriate, and in accordance with current academic regulations, "in the case that the student makes any irregularity that could lead to a significant variation in the grade of an evaluation activity, it will be graded with a 0, regardless of the disciplinary process that can be instructed. In case of various irregularities occur in the evaluation of the same subject, the final grade of this subject will be 0". Section 10 of Article 116. Results of the evaluation. (UAB Academic Regulations).
Title | Weighting | Hours | ECTS | Learning Outcomes |
---|---|---|---|---|
1 Midterm exam | 35% | 1.5 | 0.06 | 1, 2, 3, 5, 12, 6, 7, 4, 8, 10, 11 |
Final exam | 50% | 2 | 0.08 | 1, 2, 3, 5, 12, 6, 7, 4, 8, 9, 10, 11 |
Take home exam | 15% | 0 | 0 | 1, 2, 3, 5, 12, 6, 7, 4, 8, 9, 10 |
Williamson S.D. (2018); Macroeconomics 6th Edicion, Pearson