Guías Docentes Electrónicas
1. General information
Course:
MACROECONOMÍA INTERMEDIA
Code:
54315
Type:
CORE COURSE
ECTS credits:
6
Degree:
317 -
Academic year:
2019-20
Center:
5 -
Group(s):
12  13 
Year:
2
Duration:
C2
Main language:
Spanish
Second language:
English
Use of additional languages:
English Friendly:
Y
Web site:
Bilingual:
N
Lecturer: MARIA ANGELES CADARSO VECINA - Group(s): 12  13 
Building/Office
Department
Phone number
Email
Office hours
Facultad de CC. Econ. y Empr., 3.03
2383
angeles.cadarso@uclm.es
Se informará en Moodle (To be announced in Moodle)

2. Pre-Requisites
Not established
3. Justification in the curriculum, relation to other subjects and to the profession

This subject is inside the Economic Analysis module. The teaching is along the second semester of the second course of ADE degree.

The subject goes deeper into the concepts and models of the subject Introduction to Economics. Besides, it develops concepts and tools that students should apply in other subjects and also in the final degree dissertation.

The subject is also fundamental for the professional careers linked to the degree, since it allows the understanding of the economic context, the agents behaviour, and the factors behind the evolution of the macroeconomic variables and their influence on the firm results.


4. Degree competences achieved in this course
Course competences
Code Description
E07 Understand the economic environment as a result and application of theoretical or formal representations on how the economy works. To do so, it will be necessary to be able to understand and use common handbooks, as well as articles and, in general, leading edge bibliography in the core subjects of the curriculum.
E11 Know the workings and consequences of the different economic systems
E13 Ability to make logical representative models of the business reality
G01 Possession of the skills needed for continuous, self-led, independent learning, which will allow students to develop the learning abilities needed to undertake further study with a high degree of independence.
G03 Develop oral and written communication skills in order to prepare reports, research projects and business projects and defend them before any commission or group of professionals (specialised or non-specialised) in more than one language, by collecting relevant evidence and interpreting it appropriately so as to reach conclusions.
G04 Ability to use and develop information and communication technologies and to apply them to the corresponding business department by using specific programmes for these business areas.
G05 Capacity for teamwork, to lead, direct, plan and supervise multidisciplinary and multicultural teams in both national and international environments so as to create synergies which benefit organisations.
5. Objectives or Learning Outcomes
Course learning outcomes
Description
Search for information in order to analyze it, interpret is meaning, synthesize it and communicate it to others.
Get to know the main theories and schools in economic analysis in order to be able to explain the agents¿ behaviour at micro and macroeconomic levels, together with the imperfections that could come from different economic sectors as a result of the economic process.
Listen, negotiate, convince and defend arguments both in oral and writing ways.
Work out problems in creative and innovative ways.
Work autonomously and with personal initiative.
Additional outcomes
Description
1. Determining and analysing the macroeconomic equilibirium (income level and interest rate) in a close economy in the IS-LM model.
2. Determining and analysing the macroeconomic equilibirium (income level and interest rate) in an open economy in the IS-LM-BoP model.
3. Determining and analysing the macroeconomic equilibirium (income level , prices and interest rate) in an economy in the AS-AD model in the short run.
4. Determining and analysing the macroeconomic equilibirium (income level, prices and interest rate) in an economy in the AS-AD model in the long run.
5. Identifiying the main determinants in the long run equilibrium in the labour market and the equilibrium unemployment rate.
6. Analysing the long run dylemma between inflation and unemployment (expectations-adjusted Phillips curve).
7. Determining and analysing the macroeconomic equilibrium (income level and prices) in an economy using the New Classical Economy model.
8. Distinguishing between models based on adaptive and rational expectations.
9. Critical revision of basic elements (functions, markets) in macroeconomic models.
10. Analysing and evaluating a given economic phenomenon (inflation, unemployment, productivity¿) under the point of view of different economic approaches.
11. Anticipating and evaluating the impact from economic, political and social shocks in macroeconomics according to different approaches.
12. Using statistical sources to evaluate macroeconomic models.
13. Writing and presenting reports about particular situations for the aggregate economy.
14. Understanding the social relevance of economic issues and ethical attitudes (transferable generic skill).
15. Efficiently applying the priciples and roles of working in small groups (transferable generic skill).
16. Using ICT to search for information, writting essays and reports and presenting them in class (transferable generic skill).
6. Units / Contents
  • Unit 1: The facts and the subjects of macroeconomics
  • Unit 2: the Financial sector and its interaction with the real sector
  • Unit 3: Analysis of the open economy
  • Unit 4: Aggregate supply and aggregate demand model in the short term
  • Unit 5: Aggregate supply and aggregate demand model in the long term
  • Unit 6: Extensions and critical revision of the macroeconomics foundations
7. Activities, Units/Modules and Methodology
Training Activity Methodology Related Competences ECTS Hours As Com R Description
Class Attendance (theory) [ON-SITE] Lectures E07 E11 E13 G01 G03 G04 G05 1.25 31.25 N N N
Class Attendance (practical) [ON-SITE] Combination of methods E07 E11 E13 G01 G05 0.87 21.75 Y N N
Writing of reports or projects [OFF-SITE] Combination of methods E07 E11 E13 G01 G03 G04 1 25 Y N Y
Study and Exam Preparation [OFF-SITE] Self-study E07 E11 E13 G01 G03 G04 0.8 20 N N N
Individual tutoring sessions [ON-SITE] Combination of methods E07 E11 E13 G01 0.08 2 N N N
Writing of reports or projects [OFF-SITE] Group Work E07 E11 E13 G01 G03 G04 G05 0.92 23 Y N Y
Workshops or seminars [ON-SITE] Combination of methods E07 E11 E13 G01 G03 G04 G05 0.08 2 Y N N
Study and Exam Preparation [OFF-SITE] Self-study E07 E11 E13 G01 0.88 22 N N N
Final test [ON-SITE] Assessment tests E07 E11 E13 G03 0.12 3 Y Y Y
Total: 6 150
Total credits of in-class work: 2.4 Total class time hours: 60
Total credits of out of class work: 3.6 Total hours of out of class work: 90
As: Assessable training activity
Com: Training activity of compulsory overcoming
R: Rescheduling training activity
8. Evaluation criteria and Grading System
  Grading System  
Evaluation System Face-to-Face Self-Study Student Description
Other methods of assessment 30.00% 0.00% Exercises, essays, multiple-choice tests and other activities, to be regularly sent via Campus Virtual (Moodle) and in practical clases.
Test 70.00% 0.00% Final exam. It may include some or all of the following: multiple-choice tests,theoretical
questions, text analysis, numerical exercises.
Total: 100.00% 0.00%  

Evaluation criteria for the final exam:
The continuos evaluation is made through:
a) Quantity and quality of activities. It is required to have a minimun of them and answer some questions of each of them.
b) Participation in practical and theory sessions as well as in seminars or workshops. Active participation will be valued trhough the resolution of exceises, questions, involvement in dicussions.
c) Group essay. the evaluation criteria include content, sources of information, estructucture, writting quality, sicentific forms, use of technologies of communication.
d) Final objective test. It is necesary to get a minimun of 4 points (over 10). the exam will include, short and long questions, numericla exercises and practical applications.

Final mark from 0 to 10.
Specifications for the resit/retake exam:
Evaluation criteria not defined
Specifications for the second resit / retake exam:
The students can send aditional activities to be taken into account for the second exam.
9. Assignments, course calendar and important dates
Not related to the syllabus/contents
Hours hours
Class Attendance (theory) [PRESENCIAL][Lectures] 31.25
Class Attendance (practical) [PRESENCIAL][Combination of methods] 18.75
Writing of reports or projects [AUTÓNOMA][Combination of methods] 25
Study and Exam Preparation [AUTÓNOMA][Self-study] 23
Individual tutoring sessions [PRESENCIAL][Combination of methods] 2
Writing of reports or projects [AUTÓNOMA][Group Work] 23
Workshops or seminars [PRESENCIAL][Combination of methods] 2
Study and Exam Preparation [AUTÓNOMA][Self-study] 22
Final test [PRESENCIAL][Assessment tests] 3

Global activity
Activities hours
10. Bibliography and Sources
Author(s) Title Book/Journal Citv Publishing house ISBN Year Description Link Catálogo biblioteca
Eurostat http://www.europa.eu.int  
Banco de España http://www.bde.es  
Instituto Nacional de Estadística http://www.ine.es  
OCDE http://www.ocde.org  
Servicios de Estudios de la Caixa. Informe mensual http://www.lacaixa.comunicacions.com  
E. Febrero y J. Uxó Macroeconomía Intermedia, 2ª edición UCLM (campus virtual) 2014  
N. G.. Mankiw Macroeconomía Barcelona Antoni Bosch  
O. Bajo y C. Díaz Teoría y política macroeconómica Barcelona Antoni Bosch 2011 http://www.antonibosch.com/libro/teoria-y-politica-macroeconomica  
O. Bajo y M. A. Monés Curso de macroeconomía (2ª edición) Barcelona Antoni Bosch 2000 http://www.antonibosch.com/libro/curso-de-macroeconomia-2-ed  
O. Bajo, C. Díaz y R. María-Dolores Ejercicios de teoría y política macroeconómica Barcelona Antoni Bosch 2012 http://www.antonibosch.com/libro/ejercicios-de-teoria-y-politica-macroeconomica  
O. Blanchard Macroeconomía Madrid Prentice Hall  
R. Dornbusch, S. Fischer y R. Macroeconomía McGraw Hill  



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