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B3_Students have the ability to gather and interpret relevant data (usually within their area of study), to make judgments that include reflection on relevant social, scientific or ethical issues
B5_That students have developed those learning skills necessary to undertake further studies with a high degree of autonomy
E1_Interpret basic economic concepts and economic reasoning, as well as microeconomic and macroeconomic functioning
E9_Use mathematical tools and advanced statistical tools for decision making and contrasting various economic assumptions
G2_Be able to innovate by developing an open attitude to change and be willing to re-evaluate old mental models that limit thinking
T3_Show entrepreneurial leadership and leadership skills that build personal confidence and reduce fear of risk
T5_Develop tasks applying, with flexibility and creativity, the knowledge acquired and adapting it to new contexts and situations
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.
Topic 1. Introduction
Subject 2. Market of goods and services (IS)
Topic 3. Financial markets (LM)
Subject 4. The markets of goods and services and financial together: The model IS-LM
Topic 5. Expectations
Item 6. The labor market (medium term)
Item 7. Aggregate analysis: the OA-DA model
Item 8. Solow model
Evaluation system and percentages
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.
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.
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.