IDENTIFYING DATA 2019_20
Subject (*) MACROECONOMY Code 16214118
Study programme
Bachelor's Degree in Business Administration and Management (2009)
Cycle 1st
Descriptors Credit. Type Year Period
6 Compulsory Second 2Q
Language
Anglès
Castellà
Català
Department Economics
Coordinator
LOVCHA , YULIYA
PÉREZ LACASTA, MARIA JOSÉ
OLIVA FURES, MARTIN
FERRÉ CARRACEDO, MONTSERRAT
E-mail martin.oliva@urv.cat
montserrat.ferre@urv.cat
mariajose.perez@urv.cat
yuliya.lovcha@urv.cat
Lecturers
OLIVA FURES, MARTIN
FERRÉ CARRACEDO, MONTSERRAT
PÉREZ LACASTA, MARIA JOSÉ
LOVCHA , YULIYA
Web
General description Analysis of the evolution of the main macroeconomic variables (GDP, interest rate, exchange rate, inflation, unemployment rate, etc.) in the short-run and in the long-run. Models will be used in order to study the relationship between variables and macroeconomic policies.

Competences
Type A Code Competences Specific
 A1 Understand the basic micro-and macroeconomic principles involved in business management.
Type B Code Competences Transversal
 B4 Autonomy, responsibility and initiative
Type C Code Competences Nuclear
 C1 Have an intermediate mastery of a foreign language, preferably English
 C4 Be able to express themselves correctly both orally and in writing in one of the two official languages of the URV

Learning outcomes
Type A Code Learning outcomes
 A1 Analyze the short term: they can explain (i) the effects of monetary and fiscal policies in a closed economy and an open economy and (ii) the adjustment of an economy with an external imbalance.
Analyze the short- and medium-term: they can explain monetary, fiscal and supply policies in an open economy, and economic adjustments in situations of imbalance.
Analyze the role of expectations in macroeconomic analysis.
Type B Code Learning outcomes
 B4 Do the work planned in accordance with the quality criteria provided.
Decide how to manage and organize work and time.
Decide how to do a particular job so that it is of the highest quality possible.
Decide what needs to be done for a particular job/project and do it according to schedule.
Type C Code Learning outcomes
 C1 Understand routine information and articles.
Take notes during a class.
 C4 Produce well-structured, clear and rich written texts
Produce written texts that are appropriate to the communicative situation

Contents
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

Planning
Methodologies  ::  Tests
  Competences (*) Class hours
Hours outside the classroom
(**) Total hours
Introductory activities
1 0 1
Lecture
A1
C1
29 41 70
Problem solving, exercises in the classroom
A1
B4
C1
C4
10 20 30
Practical cases/ case studies
A1
B4
C1
C4
9 20 29
Personal attention
1 0 1
 
Extended-answer tests
A1
B4
C1
C4
6 5 11
Multiple-choice objective tests
A1
B4
C1
4 4 8
 
(*) On e-learning, hours of virtual attendance of the teacher.
(**) The information in the planning table is for guidance only and does not take into account the heterogeneity of the students.

Methodologies
Methodologies
  Description
Introductory activities Activities designed to make contact with students, collect information from them and introduce the subject.
Lecture Description of the contents of the subject, raising questions and proposing real life situations to be studied with the analysis presented.
Problem solving, exercises in the classroom Formulation, analysis, resolution and debate of a problem or exercise related to the topic of the subject.
Practical cases/ case studies Students study a particular situation and must propose a reasoned solution, answer a series of questions or carry out a global analysis.
Personal attention Time that each teacher has to speak to pupils and resolve their doubts.

Personalized attention
Description
Office hours to be communicated the first day classes will be held.

Assessment
Methodologies Competences Description Weight        
Extended-answer tests
A1
B4
C1
C4
There will be two exams during the lective period that will account for a 40% (20% every one) of the overall mark, and another final exam on the date of the first official examination session that will account for 50% of the overall mark. 20%
20%
50%
Multiple-choice objective tests
A1
B4
C1
There will be a series of short tests at the end of some chapters which
will account for 10% of the overall grade.
10%
Others  

.

 
Other comments and second call

If the student does not follow the continuous assessment, he or she shoul contact the professor during the first week of the course.
On the date of the second official examination session there will be an exam that will account for 100% of the overall mark.


Sources of information

Basic O. Blanchard, Macroeconomía, 4a, Pearson Prentice Hall
R. Dornbusch, S. Fischer, R. Startz, Macroeconomía, 10a, McGrawHill

Complementary

Recommendations


Subjects that it is recommended to have taken before
INTRODUCTION TO MACROECONOMICS/16214005
(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation.