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General information |
Course unit name: Macroeconomics I
Course unit code: 366724
Academic year: 2025-2026
Coordinator: Fernando Sánchez Losada
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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(With the exception of the GIE group.) |
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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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(With the exception of the GIE group.) |
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Independent learning |
50 |
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Recommendations |
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It is advisable to have completed Introduction to Economics, Mathematics I and II, and Microeconomics I before taking this subject. |
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Competences / Learning outcomes to be gained during study |
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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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Capacity to take decisions from an economic perspective. |
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Ability to produce critical analyses of economic theories and models. |
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Learning objectives |
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Referring to knowledge Acquire a basic understanding of how the aggregate economy operates.
Acquire an understanding of the neoclassical model for long-run national income determination.
Acquire an understanding of the Keynesian income–expenditure model.
Acquire an understanding of theories relating to the concept of demand for money.
Acquire an understanding of the mechanisms and theories that characterize money supply.
Acquire an understanding of the IS–LM model.
Acquire an understanding of the AD–AS model.
Referring to abilities, skills Develop a capacity to analyse (analytically and graphically) the effects of different economic policies in the neoclassical, income–expenditure and IS–LM models using exercises on comparative statics.
Calculate the Keynesian multiplier and apply it to the income–expenditure model.
Referring to attitudes, values and norms Develop a reflective and critical intellectual structure towards socio-economic phenomena.
Apply critical thinking skills to engage with the material presented in the course. Students are expected to participate actively in class and suggest ideas for discussion. Otherwise, the teacher proposes topics for group debate.
Learn to work as part of a team. |
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Teaching blocks |
1. National income
2. Neoclassical model. Economic growth and the Solow model
3. The income–expenditure model: 45° model
4. Money: monetary system and financial system
5. Basic models with real and financial sector
6. Aggregate demand and supply model
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Teaching methods and general organization |
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This subject is taught through two types of activities, following the type-2 teaching model applied at the Faculty of Economics and Business. |
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Official assessment of learning outcomes |
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Students following continuous assessment complete compulsory assignments and tests worth 40% of the final grade throughout the semester; and in a final examination, worth 60% of the final grade.
Examination-based assessment Single assessment consists of 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. (2014) : Macroeconomía; 8ª ed . Barcelona, Antoni Bosch,
SÁNCHEZ C, José (2012) : Macroeconomía: Cuestiones y ejercicios (Economía y Empresa) Pirámide
TUGORES Q, Juan (2013) : Macroeconomia para entender la crisis en una economia global. UOC