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General information |
Course unit name: Macroeconomics
Course unit code: 364544
Academic year: 2025-2026
Coordinator: Ramon Tremosa Balcells
Department: Department of Economics
Credits: 6
Single program: S
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Estimated learning time |
Total number of hours 150 |
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Face-to-face and/or online activities |
60 |
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- Lecture with practical component |
Face-to-face |
45 |
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- Problem-solving class |
Face-to-face |
15 |
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Supervised project |
40 |
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Independent learning |
50 |
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Competences / Learning outcomes to be gained during study |
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CB2 - Capacity to apply knowledge and understanding in a manner that indicates a professional approach to the work or vocation, and have competences typically demonstrated through devising and sustaining arguments and solving problems within the field of study. |
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CG9 - Capacity to interpret the evolution of the business environment and adaptations to change. |
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CG5 - Ability to work in a team (capacity to collaborate with others and contribute to a common project, capacity to work in cross-disciplinary and multicultural teams). |
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CG8 - Capacity to communicate in English and/or other foreign languages orally and in writing, comprehension skills, and mastery of specialized language. |
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CG1 - Commitment to ethical practice (critical and self-critical skills and attitudes that comply with ethical and deontological principles). |
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CG3 - Capacity for learning and responsibility (capacity for analysis, synthesis, to adopt global perspectove and to apply knowledge in practice). |
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CE2 - Comprehensive understanding of the international economic, legal and socio-political framework, and ability to use this knowledge to oversee international business decisions. |
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Learning objectives |
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Referring to knowledge — Acquire knowledge of the main macroeconomic variables.
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Teaching blocks |
1. Introduction
1.1. What does macroeconomics study?
1.2. How do economists do it?
1.3. Data, models and economic policy
2. Data: definition, components, measurements and significance
2.1. GDP and economic growth measurement
2.2. CPI and the inflation rate
2.3. Unemployment
3.
The economy in the long run: economic growth, interest rates, money growth and inflation
3.1. The importance of economic growth
3.2. Cross-national differences in income per capita
3.3. Proximate and fundamental determinants of economic growth: technology, human and physical capital, labour, culture, climate, institutions...
3.4. Saving and investment, financial system and determination of interest rates
3.5. Money supply and inflation
4. The economy in the short run: economic fluctuations (expansions, recessions)
4.1. Economic fluctuations
4.2. The monetary system
4.3. Aggregate demand and aggregate supply
4.5. The role of economic policies: influence of monetary and fiscal policy on aggregate demand
4.6. The open economy
4.7. Exchange rates and trade
5.
Debates on economic policy
5.1. Should economic policy be active or passive?
5.2. Trade off between inflation and unemployment
5.3. Expectations in economics
5.4. Central bank independence
5.5. Bubbles, austerity, government debt
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Teaching methods and general organization |
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The teaching methodology consists of three types of activities:
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Official assessment of learning outcomes |
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Continuous assessment consists of the following:
Examination-based assessment Students sit a final examination, worth 100% of the final grade.
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Reading and study resources |
Check availability in Cercabib
Book
MANKIW, N. Gregory. Principles of economics. 7th ed.[rev.] Stamford, Conn.: Cengage Learning, 2020