Educational guide Faculty of Business and Economics |
english |
Bachelor's Degree in Finances and Accounting |
Subjects |
INTRODUCTION TO MACROECONOMICS |
Contents |
IDENTIFYING DATA | 2015_16 |
Subject | INTRODUCTION TO MACROECONOMICS | Code | 16204005 | |||||
Study programme |
|
Cycle | 1st | |||||
Descriptors | Credits | Type | Year | Period | ||||
6 | Basic Course | First | 2Q |
Competences | Learning outcomes | Contents |
Planning | Methodologies | Personalized attention |
Assessment | Sources of information | Recommendations |
Topic | Sub-topic |
Part 1. Analysis of the financial side of the economy | Main contents (not necessarily explained in this order): -monetary aggregates -money creation process -money multiplier -central bank monetary tools -European Central Bank -interest rate determination in the liquidity market -financial assets and securities -financial arbitrage -real interest rate and Fisher equation -exchange rate determination in the currency market -spatial and triangular arbitrage -the impossible trinity -real exchange rate -purchasing power parity exchange rate -commercial arbitrage |
Part 2. Analysis of the real side of the economy | Main contents (not necessarily explained in this order): -main variables describing the real sector: GDP, inflation rate, and unemployment rate -the savings identity -the business cycle -the government budget -limitations of macroeconomic policy -the aggregate supply and aggregate demand model -the expenditure multiplier effect -effects of fiscal policy -effects of monetary policy -the quantity equation |