Macroeconomics (261094)

Learning Outcomes

Main Goal: Teach the students in order to enable them to assimilate solid
theoretical knowledge for a correct analysis of national and international
markets in a macroeconomic context.
* Understand the fundamental concepts and mechanisms of
* macroeconomics;
* Discuss monetary and fiscal policy in an open economy;
* The government economic policy as a stimulus to the
* competitiveness and economic growth;
* Know the main processes of international commerce growth as
* well as the integration of economies on a global scale.

Study Program

1. The economic circuit
2. The three optics of the value of national production
3. Consumption, Savings and Investment;
4. The simple Keynesian model
5. The functions of money
6. The evolution of money throughout the centuries
7. Money and the price level
8. Introduction to macroeconomic fluctuations
9. Aggregate demand and inflation
10. The importance of macroeconomic policies
11. Elementary notions of international economics
12. Neoclassic theory of international trade
13. New theories of international trade
14. Balance of Payments: analysis and decomposition;
15. Exchange rate regimes and exchange rates
16. Economic integration: forms and effects
17. Economic development: contemporary analysis
18. Elementary notions of economic development
19. Development indicators
20. Underdevelopment characteristics
21. Rostow’s theory of development stages



Goodwin et al (2019), Macroeconomics in Context, New York, Routledge, 3rd Edition
Mankiw, N. Gregory. (2014) – Principles of Economics, Cengage Learning, 7th edition,
Samuelson, Paul; Nordhaus, William. (2011) - Economia, Lisboa, McGraw-Hill, 19ª edição. (available at ISMT Library).