TecnoCampus Foundation
eCampus
University Business
eCampus

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General information

Subject type: Mandatory

Coordinator: Judith Turrión Prats

Trimester: Second term

Credits: 4

Teaching staff: 

Ivette Fuentes Molina

Academic year: 2025

Teaching course: 3

Languages ​​of instruction

  • Spanish

Competencies / Learning Outcomes

Basic skills

  • CB1. That students have demonstrated knowledge and understanding in a field of study that is based on general secondary education, and is usually found at a level that, while supported by advanced textbooks, also includes some aspects. involving knowledge from the forefront of their field of study.

  • CB3. That 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.

  • CB5. That students have developed those learning skills necessary to undertake further studies with a high degree of autonomy.

Specific skills

  • CE1. Interpret basic economic concepts and economic reasoning, as well as microeconomic and macroeconomic functioning.

  • CE9. Use mathematical tools and advanced statistical tools for decision making.

General competencies

  • CG1. 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.

  • CG2. Be able to innovate by developing an open attitude towards change and be willing to re-evaluate old mental models that limit thinking.

Transversal competences

  • CT1. Communicate properly orally and in writing in the two official languages ​​of Catalonia.

  • CT2. Show willingness to learn about new cultures, experiment with new methodologies and encourage international exchange.

  • CT3. Demonstrate entrepreneurial leadership and management skills that strengthen personal confidence and reduce risk aversion.

  • CT4. Master computer tools and their main applications for ordinary academic and professional activity.

  • CT5. Develop tasks applying the acquired knowledge with flexibility and creativity and adapting them to new contexts and situations.

Presentation of the subject

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)

Activities and evaluation system

Evaluation system and percentages

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

 

Any form of academic fraud will be sanctioned in accordance with the center's assessment regulations. If signs of fraud are detected, including the improper use of generative artificial intelligence tools, the subject's teaching staff may call the student for an individual interview with the aim of verifying their authorship.

 

Bibliography

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.