IDENTIFYING DATA 2017_18
Subject (*) MACROECONOMIC ANALYSIS Code 20725102
Study programme
Technology and Engineering Management (2017)
 Cycle 2nd
Descriptors Credits Type Year Period
3 Compulsory First 1Q
Language
Anglès
Department Economics
Coordinator
MARTÍN BOFARULL, MÓNICA
 E-mail monica.martin@urv.cat
javier.coca@urv.cat
Lecturers
MARTÍN BOFARULL, MÓNICA
COCA SÁNCHEZ, JAVIER
Web
General description and relevant information This course explores the nature and scope of the international environment in which today‘s business managers operate. The aim of the course is to provide the key macroeconomic variables and to explain how they are defined and measured in order to enable the students to interpret macroeconomic data properly. The course is designed to provide a understanding of the macroeconomics concepts and analytical tools to develop a framework for analysing contemporary macroeconomic issues such as business cycles, money, inflation, interest rates, wages, labour markets, productivity and growth, linking the macroeconomic indicators to short-term world economic situation.

Competences
Type A Code Competences Specific
 A1.4 Apply advanced methods of theoretical and empirical analysis to company decision-taking.
 A1.5 Analyse the complexity of the micro- and macroeconomic and legal environment of technology and innovation companies in a changing and ill-defined context.
Type B Code Competences Transversal
 B3.1 Work in a team collaboratively and with responsibility shared among multidisciplinary, multi-lingual and multicultural teams in complex environments.
 B3.2 Foster interdependency and shared responsibility.
 B3.3 Resolve disputes in a constructive manner.
 B5.2 Use critical, creative and innovative thinking to solve problems in multidisciplinary contexts.
Type C Code Competences Nuclear

Learning outcomes
Type A Code Learning outcomes
 A1.4 Interpret macroeconomic data.
Make predictions based on data from technological and industrial companies.
 A1.5 Understand the functioning of national and international markets and their complexity in relation to technological and industrial companies.
Type B Code Learning outcomes
 B3.1 Organise a team to carry out macroeconomic analysis of the international context.
 B3.2 Take responsibility for the overall result of teamwork and not merely for the part that was done personally.
 B3.3 Resolve disputes that arise during teamwork in a constructive manner.
 B5.2 Transmit economic information to professionals from other disciplines for decisions taking purposes in multidisciplinary contexts.
Type C Code Learning outcomes

Contents
Topic Sub-topic
1. Relevant variables to analysi the economic activity 1.1. Macroeconomics in a globalized world
1.2. The main macroeconomic variables
1.3. The intervention of the state in the economy
2. Analysis of monetary and financial international markets
 2.1. Types of financial markets
2.2. Financial assets
2.3. The monetary markets
2.4. The financial markets
2.5. The currency markets
3. Analysis of raw materials international markets 3.1. International trade
3.2. International relations in a global environment
3.3. Commodities markets
4. Analysis of technological products in international markets 4.1. Balance of Payments
4.2. International exchange of goods
4.3. Indicators of foreign trade
5. Analysis of productivity and wages 5.1. Wages and productivity
5.2. Unit labour cost
5.3. Productivity and economic growth
6. Industrial sector interdependency: input-output table 6.1. Industrial activity
6.2. Interindustrial relationships
6.3. Globlal value chains

Planning
Methodologies  ::  Tests
  Competences (*) Class hours
 Hours outside the classroom
 (**) Total hours
Introductory activities
A1.5
 1 0 1
Lecture
A1.4
 6 7 13
Practicums/Case studies
A1.4
B5.2
 8 11 19
Practicals using information and communication technologies (ICTs) in computer rooms
A1.4
A1.5
B5.2
 8 11 19
Assignments
B3.1
B5.2
 4 16 20
Personal tuition
1 0 1
 
Mixed tests
A1.4
B5.2
 2 0 2
 
(*) 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.
Practicums/Case studies A situation (real or simulated) in which the student must provide a solution, resolve a series of specific questions or provide an overall assessment of the problem.
Practicals using information and communication technologies (ICTs) in computer rooms Practical application of the theory of a knowledge area in a particular context. Practical exercises using ICTs.
Assignments The student will have to solve a practical assignment which will include the whole material of the course. Students will have to prepare an oral presentation to defend their study.
Personal tuition Time for questions.

Personalized attention
Description
Time for questions.

Assessment
Methodologies Competences Description Weight        
Assignments
B3.1
B5.2
 Analysis/essay of a particular country/sector/market. 60
Mixed tests
A1.4
B5.2
 Exam that contains questions about the contents and short exercises. 40
Others  
 
Other comments and second exam session

For the second call students have to pass an exam (60%) and must deliver a case study (40%). If the case study has been delivered previously, the note can be preserved.

Sources of information

Basic

Basic macroeconomic bibliography:

R. Dornbusch, S. Fischer i R. Startz, Macroeconomia, McGraw Hill, 2004.

O. Blanchard, Macroeconomia, Prentice Hall, 4a edición, 2006.

Statistics data:

International Monetary Fund: http://www.imf.org

World Bank: http://www.worldbank.org/

OECD: http://www.oecd.org/

Eurostat: http://ec.europa.eu/eurostat

INE: http://www.ine.es/

 

Economic information:

Bloomberg: http://www.bloomberg.com/europe

Project Syndicate: https://www.project-syndicate.org/
Complementary

R. Dornbusch, S. Fischer and R. Startz (2014), Macroeconomics McGraw Hill, 12th edition
Krugman, P. (2015): International economics, 10th edition, Ed. Pearson
Recommendations
(*)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.