1. General information
Course:
INTERMEDIATE MACROECONOMICS
Code:
54315
Type:
CORE COURSE
ECTS credits:
6
Degree:
319 - UNDERGRADUATE DEGREE IN BUSINESS MANAGEMENT AND ADMINISTRATION (CU)
Academic year:
2022-23
Center:
401 - FACULTY OF SOCIAL SCIENCES OF CUENCA
Group(s):
30
Year:
2
Duration:
C2
Main language:
Spanish
Second language:
English
Use of additional languages:
English Friendly:
Y
Web site:
Bilingual:
N
Lecturer:
ELADIO FEBRERO PAÑOS
- Group(s):
30
Building/Office
Department
Phone number
Email
Office hours
Gil de Albornoz, 3.16
ANÁLISIS ECONÓMICO Y FINANZAS
4219
eladio.febrero@uclm.es
First semester:
Monday, 9:00 - 11:00
Tuesday, 9:00 - 10:00 and 12:00 - 13:00
Wednesday, 9:00 - 11:00
Second semester:
Tuesday, 9:00 - 11:00 and 13: 00 - 14:'00
Wednesday, 11:00 - 14:00
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 | |
| Work to form autonomous and with personal initiative. | |
| Solving problems in a creative and innovative way. | |
| Search for information, analysis, interpretation, synthesis and transmission. | |
| Know the main theories and approaches of economic analysis to be able to explain the behavior of economic agents at the micro and macroeconomic levels, as well as the imperfections that may arise in different sectors as a consequence of the economic process. | |
| Listen, negotiate, persuade and defend arguments orally or in writing. | |
| 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. Critical revision of basic elements (functions, markets) in macroeconomic models. 8. Analysing and evaluating a given economic phenomenon (inflation, unemployment, productivity¿) under the point of view of different economic approaches. 9. Anticipating and evaluating the impact from economic, political and social shocks in macroeconomics according to different approaches. 10. Using statistical sources to evaluate macroeconomic models. 11. Writing and presenting reports about particular situations for the aggregate economy. 12. Understanding the social relevance of economic issues and ethical attitudes (transferable generic skill). 13. Efficiently applying the priciples and roles of working in small groups (transferable generic skill). 14. 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 | Description | |
| Class Attendance (theory) [ON-SITE] | Lectures | E07 E11 E13 G01 G03 G04 G05 | 1.25 | 31.25 | N | N | On-site lectures. Therory. Mainly expository but may also include cooperative and directed work. | |
| Class Attendance (practical) [ON-SITE] | Combination of methods | E07 E11 E13 G01 G05 | 0.75 | 18.75 | Y | N | On-site lectures. Practical class with exercises, discussions and/or cooperative work, seminars | |
| Writing of reports or projects [OFF-SITE] | Combination of methods | E07 E11 E13 G01 G03 G04 | 1 | 25 | Y | N | Applied work covering both basic concepts and numerical applications and relating theories and facts of the real economy, reviews. | |
| Study and Exam Preparation [OFF-SITE] | Self-study | E07 E11 E13 G01 | 0.8 | 20 | N | N | Self-study work in preparation for practicals and other activities. Includes reading articles, data search, etc. | |
| Individual tutoring sessions [ON-SITE] | Combination of methods | E07 E11 E13 G01 | 0.28 | 7 | N | N | Individual tutoring | |
| Writing of reports or projects [OFF-SITE] | Group Work | E07 E11 E13 G01 G03 G04 G05 | 1 | 25 | Y | N | Joint work on applied macroeconomics, case studies. Includes tutoring, oral and/or written presentation. | |
| Study and Exam Preparation [OFF-SITE] | Self-study | 0.8 | 20 | N | N | Preparation of the final objective test | ||
| Final test [ON-SITE] | Assessment tests | 0.12 | 3 | Y | Y | Final objective test. | ||
| 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 (It will be essential to overcome both continuous and non-continuous assessment).
8. Evaluation criteria and Grading System
| Evaluation System | Continuous assessment | Non-continuous evaluation * | Description |
| Final test | 70.00% | 100.00% | Final exam. It may include some or all of the following: multiplechoice tests,theoretical questions, text analysis, numerical exercises |
| 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. |
| Total: | 100.00% | 100.00% |
According to art. 4 of the UCLM Student Evaluation Regulations, it must be provided to students who cannot regularly attend face-to-face training activities the passing of the subject, having the right (art. 12.2) to be globally graded, in 2 annual calls per subject , an ordinary and an extraordinary one (evaluating 100% of the competences).
Evaluation criteria for the final exam:
-
Continuous assessment: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.
The course follows an evaluation system based on the assessment of various training activities and an exam. Students are required to obtain a 4 (out of 10)
in the final examto allow the consideration of the Continuous evaluation activities. Those students who wish to be assessed using the Non-continuous
assessment criteria, despite having carried out assessable activities, must inform the teacher before the end of the class period.
Regarding the evaluation in case of illness or other particular circumstances (extenuating rules), see article 7 of the Student Evaluation Regulations of the
University of Castilla-La Mancha. -
Non-continuous evaluation:Those students who opt for non-continuous evaluation must communicate it before the end of the class period following the mechanism established by the
teacher.
The evaluation will be carried out with a final exam that will include those specific parts necessary to evaluate all the competences of the subject.
Regarding assessment in case of illness or other special circumstances (extenuating rules), see article 7 of the Student Assessment Regulations of the
University of Castilla-La Mancha.
Specifications for the resit/retake exam:
The students can send aditional activities to be taken into account for the second exam.
Specifications for the second resit / retake exam:
The evaluation will be based on a single written test and a minimum score of 5 out of 10 is required to pass the course.
9. Assignments, course calendar and important dates
| Not related to the syllabus/contents | |
|---|---|
| Hours | hours |
| Individual tutoring sessions [PRESENCIAL][Combination of methods] | 2 |
| Final test [PRESENCIAL][Assessment tests] | 3 |
| Unit 1 (de 6): The facts and the subjects of macroeconomics | |
|---|---|
| Activities | 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] | 20 |
| Individual tutoring sessions [PRESENCIAL][Combination of methods] | 7 |
| Writing of reports or projects [AUTÓNOMA][Group Work] | 20 |
| Study and Exam Preparation [AUTÓNOMA][Self-study] | 20 |
| Final test [PRESENCIAL][Assessment tests] | 3 |
| Global activity | |
|---|---|
| Activities | hours |
10. Bibliography and Sources