IDENTIFYING DATA 2023_24
Subject (*) MACROECONOMIC DYNAMICS Code 16224110
Study programme
Bachelor's Degree in Economics (2009)
 Cycle 1st
Descriptors Credits Type Year Period
6 Compulsory Fourth 1Q
Language
Català
Department Economics
Coordinator
QUESADA ARANA, ANTONIO
 E-mail antonio.quesada@urv.cat
Lecturers
QUESADA ARANA, ANTONIO
Web http://http://gandalf.fee.urv.cat/professors/AntonioQuesada/docencia.html
General description and relevant information <p> The course covers models to study the evolution of economies in the long run. </p>

Competences
Type A Code Competences Specific
 A1 Explain how the economy works on both the macroeconomic and microeconomic.
Type B Code Competences Transversal
 B2 Effective solutions to complex problems
 B4 Autonomy, responsibility and initiative
Type C Code Competences Nuclear
 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 dynamics of a closed economy and an open economy: be able to explain (i) the effects of demand policies, and (ii) adjustments to balance the economy.
Study the implications of rational expectations on monetary policy.
Analyze the inter-temporal restrictions of consumers and of the government, and the dynamics of public sector debt.
Type B Code Learning outcomes
 B2 Find appropriate solutions.
Transfer classroom exercises and the cases they have studied to real situations in other environments.
 B4 Do the work planned in accordance with the quality criteria provided.
Present results in the appropriate way in accordance with the bibliography provided and before the deadline.
Decide how to do a particular job so that it is of the highest quality possible.
Type C Code Learning outcomes
 C4 Produce grammatically correct written texts

Contents
Topic Sub-topic
1. Mathematical models of macroeconomic dynamics I: the overlapping generations model I 1.1. Overlapping generations models with neither capital nor production nor government
1.2. Overlapping generations models with neither capital nor production but with government
1.3. Overlapping generations models with capital but with neither production nor government
2. Mathematical models of macroeconomic dynamics I: the overlapping generations model II 2.1. Overlapping generations models with fiat money
2.2. Overlapping generations models with capital and production but without government
2.3. Overlapping generations models with capital, production and government
3. Mathematical models of macroeconomic dynamics II: economic growth models 3.1. Presolovian models
3.2. Solovian models
3.3. Postsolovian models
4. Mathematical models of macroeconomic dynamics III: representative agent models 4.1. Discrete time models
4.2. Continuous time models
5. Other mathematical models of macroeconomic dynamics 5.1. A Malthusian model without microfoundations
5.2. A Malthusian model with microfoundations
5.3. A model of the emergence of agriculture
5.4. Models on the emergence of industrial economies
6. A summary of 10,000 years of economic history in a few stylized facts 6.1. Evolution of an economy in the very long run
6.2. Economic processes of globalization and integration
6.3. Technology, political systems and economic revolutions: the Rise of the West and the Great Divergence

Planning
Methodologies  ::  Tests
  Competences (*) Class hours
 Hours outside the classroom
 (**) Total hours
Introductory activities
1 0 1
Lecture
A1
B4
 35 58 93
Problem solving, exercises in the classroom
A1
B4
 15 24 39
Personal attention
1 0 1
 
Extended-answer tests
A1
B2
B4
C4
 8 8 16
 
(*) 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 Activitats encaminades a prendre contacte i presentar els continguts de l'assignatura, la bibliografia i els mètodes d'avaluació.
Lecture Exposició dels continguts de l'assignatura i plantejament de qüestions i situacions a tractar amb l'anàlisi exposada.
Problem solving, exercises in the classroom Formulació, anàlisi, resolució i debat d'un problema o exercici, relacionat amb la temàtica de l'assignatura.
Personal attention Resolució de dubtes que tingui l'alumne.

Personalized attention
Description
Information about office hours will be provided during the first lecture and will be made available at the course webpage on http://gandalf.fee.urv.cat/professors/AntonioQuesada/docencia.html.

Assessment
Methodologies Competences Description Weight        
Extended-answer tests
A1
B2
B4
C4
 Mid-term exam on topics 1 and 2

End-of-term exam on all the topics

Delivery of solutions to selected exercises from the problem sets

Final exam 		20%


25%


30%

30%
Others   Short essay on five books from a given list 20%
 
Other comments and second exam session

As for the second call:

- solutions to selected exercises from the problem sets (30%);

- short essay on five books from a given list (20%);

- final exam of the same kind as the one in the first call (50%).

Under both calls, the pass is obtained by reaching the 50% and the top mark by obtaining the 100% score.

Sources of information

Basic

The lecture notes and specific bibliography will be available at the course's web page on http://gandalf.fcee.urv.es/professors/AntonioQuesada/docencia.html.

Complementary

Recommendations


Subjects that it is recommended to have taken before
ECONOMIC THEORY OF WELFARE/16224108
(*)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.