Macroeconomics I

Contacts and Office hours

ricardo.mendes@iscte-iul.pt

Zoom private room (password: 486737)

Office hours Thursdays, 13:30–14:30 (under appointment)

Timetable of the practical sessions

Section EB1

Thursdays, 14h30–16h00
Room 2E06

Section EB2

Thursdays, 16h00–17h30
Room C501

Please be punctual. Access to the class will not be allowed 15min after the scheduled starting time.

Calendar

There will be some general sessions prior to the start of the classes for installing the software used throughout the course on the week of 5–9 September. It is very important that you attend one of these sessions. Please check your email for details.

Week 1: September 15
Week 2: September 22
Week 3: September 29
Week 4: October 6
Week 5: October 13
Week 6: October 20

Midterm Exam: TBA

Week 7: October 27
Week 8: November 10
Week 9: November 17
Week 10: November 24
Week 11: December 5
Week 12: December 6

Endterm Exam and Final Exam (shall be held at the same time): TBA

Contents and References

Contents of the practical sessions

Week 1: Introduction to Julia & Pluto
Week 2: Introduction to Macroeconomics
Week 3: Measuring Macroeconomic Data
Week 4: The IS Curve
Week 5: The Monetary Policy and the Aggregate Demand
Week 6: The Central Bank, Money Supply and Monetary Policy Tools
Week 7: Aggregate Supply and the Phillips Curve
Week 8: The Macroeconomic Equilibrium
Week 9: The Goals of Macroeconomic Policy
Week 10: The Zero Lower Bound (ZLB)
Week 11: Fiscal Policy and Government Budget
Week 12: Review

References

Mishkin, Frederick (2014). Macroeconomics: Policy and Practice, 2nd Edition, Pearson, Addison-Wesley.
Stephen G. Cecchetti and Kermit L. Schoenholtz (2017). Money, Banking, and Financial Markets, 5th Edition, McGraw-Hill.

Evaluation

Option A

Attendance of 80% of the classes
Midterm Exam (covering the topics up to week 6): 50%
Endterm Exam (covering all the topics, but more emphasis on the materials of weeks 6 to 12): 50%
The grade in any of these tests cannot be lower than 8 out of 20

Option B

One Final Exam covering all the topics: 100%

Re-sitting Exam

There will be a Re-sitting Exam accounting for 100% of the grade and covering all the topics for those who fail the course.