TecnoCampus Foundation
eCampus
University Business
eCampus

What are you looking for?

General information

Subject type: Basic

Coordinator: Monica Juliana Oviedo León

Trimester: First term

Credits: 4

Teaching staff: 

Victor Jordan Vallverdu
Alex Araujo Batlle 
Anna Martínez Gili 
Jaume Red Ribbon 

Teaching languages

  • Catalan
  • Spanish
  • English

Classes in Spanish: Spanish (80%), English (20%).

Check the schedules of the different groups to know the language of teaching classes. Although the material can be in any of the three languages.

Skills

Basic skills

  • B4. That students can convey information, ideas, problems and solutions to both specialized and non-specialized audiences.

Specific skills

  • E9. Apply technological tools for the use of business resources through Marketing.

General competencies

  • G1. Be able to work in a team, actively participate in tasks and negotiate in the face of dissenting opinions until reaching consensus positions, thus acquiring the ability to learn together with other team members and create new knowledge.

Transversal competences

  • T1. Communicate properly orally and in writing in the two official languages ​​of Catalonia.

  • T4. Master computer tools and their main applications for ordinary academic and professional activity.

Description

The subject Analysis of the Macroeconomic Environment is part of the introduction to the fundamentals of macroeconomic analysis. The aim of the course is to provide an insight into the functioning of the economy in the markets for goods and services and in the financial markets. The aim is for the student to acquire a rigorous and up-to-date view of the main problems and perspectives of macroeconomics.

The macroeconomic analysis is emphasized by analyzing the fundamental variables that affect modern economies: sustainable growth of the economy and respect for the environment, inflation and deflation, employment and unemployment, public finances and external balance, as well as the analysis of economic policies, especially demand and supply policies necessary for the stability and development of countries.

The classroom (physical or virtual) is a safe space, free of sexist, racist, homophobic, transphobic and discriminatory attitudes, either towards students or teachers. We trust that together we can create a safe space to learn without having to suffer prejudices from others.

Contents

Topic 1. Introduction

  • The importance of macroeconomics.
  • Macroeconomic aggregates (GDP, unemployment, inflation, etc.).
  • Classification of macroeconomic models.

Subject 2. Market of goods and services (IS)

  • The demand for goods.
  • The determination of production in equilibrium.
  • Investment equal to savings.
  • Fiscal policies.

Topic 3. Financial markets (LM)

  • The demand for money.
  • The determination of the interest rate.
  • Two ways to examine macroeconomic balance.

Subject 4. The markets of goods and services and financial together: The model IS-LM

  • The IS curve.
  • The LM curve.
  • Joint analysis of the IS and LM curves.
  • Fiscal policy and monetary policy.
  • The IS-LM model and the liquid trap.

Topic 5. Expectations

  • Changes in economic policies derived from expectations.
  • Expected inflation, expected productivity, expected taxes, etc.

Item 6. The labor market (medium term)

  • The determination of wages.
  • Pricing.
  • The natural unemployment rate.
  • Women in the labor market

Item 7. Aggregate analysis: the OA-DA model

  • The aggregate offer.
  • Aggregate demand.
  • The balance in the short and medium term.
  • The effects of monetary policy.
  • The effects of fiscal policy.

Item 8. Solow model

  • The consumption function.
  • The accumulation of capital.
  • Population growth.
  • The Carbon Fund for a Sustainable Economy (FES-CO2)

Evaluation system

Evaluation system and percentages

  • Continuous assessment: 40% (group work; oral presentation, activities, exercises, case studies and portfolio). 
  • Final exam 60% (recoverable)

Students will be required to pass each part of the course separately to pass the entire course (remove more than a 5 out of 10 on each item).

Recoveries

Students who have failed the subject will be entitled to retake the final exam. It is necessary to have a 5/10 in the resit exam so that it is weighted with the rest of the assessment marks.

REFERENCES

Basic

BLANCHARD, O., A. Amighini, & F. Giavazzi (2017) “Macroeconomics”. Publisher: Pearson Education; Seventh Edition, Madrid.

MANKIW, Gregory N. (2020), “Macroeconomics”. Published by Antoni Bosch; Tenth Edition, Barcelona.

Complementary

Azmat, G., & Petrongolo, B. (2014). Gender and the labor market: What have we learned from field and lab experiments ?. Labor Economics, 30, 32- 40.

DORNBUSCH, R., Fischer, S., & Startz, R. (2018). Macroeconomics. McGraw Hill. 13th Edition.