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

Warning

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

Calendar

Important

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.