Course guide of Macroeconomics 2 (2261129)

• Students are required to have undertaken the units Macroeconomics I and Microeconomics I.
• They should also have a suitable level of knowledge of the following:

- The IS-LM Model
- The Mundell-Fleming open economy model
- Calculation of derivatives and graphical representation of functions

• Relationships between the main macroeconomic variables
• Short term economic cycles in open economy
• Long term economic cycles

• The student will be able to understand the relationships between the main macroeconomic variables in the medium term.
• The student will be able to know and quantify the main causes of economic growth.
• The student will be able to know the main reforms necessary to solve the main macroeconomic problems

• Part 1: The short and medium run

1. - The labour market
2. - The Aggregate Supply and Demand Model
3. - The Phillips Curve.
4. - Inflation, economic activity, and the growth rate of nominal money.

• Part 2: the long run

1. An overview of Log-Run Economic Growth
2. A Model of Production
3. The Solow Growth Model

• Part 3: Main macroeconomic issues of developed economies

1. The Growth Rate
2. The Labour Market
3. The Fiscal Policy

• Seminars / Workshops: Throughout the course a series of seminars will be given whose
  main objective is to analyze certain aspects of the Spanish economy mainly, with the
  theoretical tools introduced in class.

• Blanchard O., (2004). Macroeconomics. Pearson.
• Jones Ch., (2014). Macroeconomics. Norton.
• J. Juan (2010), Nada es Gratis, Fedea.
• Mankiw, N. (2009). Macroeconomics. Worth Publishers

• B. Belzunegui, J. Cabrerizo, R. Padillo, e I. Valero (2002), Macroeconomía: cuestiones y
  ejercicios resueltos, Prentice Hall.XXXX

• http://www.ugr.es/~julianalbertodiaz/

• The evaluation consists of 3 elements. A first partial exam that represents 50 percent of
  the final grade. A second partial exam that represents 20 percent of the grade. Both
  exams could have test questions and exercises, and where the incorrect answers in test
  questions could penalize. And, finally, a presentation of one of the topics of the second or
  third block. This presentation represents 30% of the grade.
• To pass the course through this modality, the student is required to obtain at least 50
  percent of the maximum score in each of the exams / tasks already mentioned, with the
  final mark being the sum of the points obtained in each of them. The student who has
  failed at least one of the three elements of the described evaluation, must take the final
  exam of the ordinary call. The grade of said student will be a weighted average where the
  final exam is worth 70 percent of the final grade, and the presentation and participation
  work are worth the remaining 30 percent. The examination of the ordinary call will be a
  test type.

• In the event that the student does not pass the ordinary assessment, he/she must take
  the exam corresponding to the extraordinary call. This exam will be typical test, will have
  a maximum score of 10 points, and to pass it requires obtaining a minimum of 5 points.

• Those students who, fulfilling the required requirements, have requested to take the final
  evaluation, will be examined in the ordinary exam session of the second semester, based
  on a final exam and whose maximum grade will be 10 (ten). This exam will be a test type
  and incorrect answers will penalize