ECTS credits
1 credits
Semester
Fall
Prerequisites
Learning objectives
This course provides an overview of macroeconomics by explaining the concepts of the discipline in a simple and rigorous manner: What does GDP measure? Why do we seek growth? What are the effects of inflation? How does unemployment arise? What is an exchange rate? What are financial markets for? We will approach this with the help of the main macroeconomic models, in both closed and open economies. Particular attention will be paid to the analysis of economic policies and their impact on the various key economic variables.
Description of the programme
In this course we will focus on short and medium term macroeconomics. Particular attention will be paid to the analysis of economic policies and their impacts on the different key economic variables. This analysis will be conducted throughout the course using modeling. The (provisional) plan is as follows:
Chapter 1: The main economic indicators
Chapter 2: The classical model
Chapter 3: Money and inflation
Chapter 4: Unemployment
Chapter 5: Short-term macroeconomics
Chapter 6: Medium-term macroeconomics: taking prices into account
Chapter 7: Macroeconomics in an Open World
Students wishing to study long-term macroeconomic analysis may choose to take the Economics UE of the DMC course.
Generic central skills and knowledge targeted in the discipline
Understanding of the complexity of economic systems in which economic agents are involved
Understanding implications of economic policy choices made by public authorities.
How knowledge is tested
100% examination
Bibliography
Macroéconomie, Gregory N. Mankiw, De Boeck.
Macroéconomie, Olivier Blanchard et Daniel Cohen, Pearson.
Teaching team
Nicolas Clootens
Sustainable Development Goal
Eradicating poverty
Descent work and economic growth
Reduced inequalities
- Total hours of teaching24h
- Master class16h
- Directed work8h