Rovira y Virgili
Educational guide 
Faculty of Economy and Business
A A 
Grau d'Administració i Direcció d'Empreses
Topic Sub-topic
1. Fiscal and monetary policy in the short term • Introduction
• The market for goods and the IS curve
• The market for money and the LM curve
• Equilibrium
• Fiscal Policy
• Monetary Policy
2. Demand policies and the exchange rate • International trade and the foreign exchange market
• Equilibrium in an open economy
• Balance of Payments
• Monetary, fiscal and exchange rate policy in an open economy
3. The economy in the medium-term: the AS-AD model • Aggregate demand
• The labour market and aggregate supply
• Equilibrium
• Fiscal, monetary and supply policies
• Open economy
4. Expectations • Expectations in economic theory
• Adaptive expectations
• Rational expectations
• Application to the AS-AD model
5. Economic growth • Growth facts
• Saving
• Technological progress