Introduction to Macroeconomics · 2018/19
1r Grau d'Economia, ADE, FIC · M4
   

 
 


Antonio Quesada
Office 314
Departament d'Economia
Universitat Rovira i Virgili

Avinguda de la Universitat 1
43204 Reus

E-mail: aqa@urv.cat   

Office hours (February - May 2019)
Tuesday  08.00-09.00 & 11.00-13.00
Thursday
08.00-11.00

Lecture room A.05 · 5 February 2019 - 21 May 2019
Tuesday 09
:00-11:00 & Thursday 11:00-13:00
 
Class timetable 
February
5
7
12
14
19
21
26 28 
March
5
7
12
14 19
21
26 28 
April
2
4
9
11
23
25 30

May
2
7 9
14
16 21


Clock · The principle of social proof in action 
21 February: general strike · 9 May: strike

  Review session: Friday 24 May, 12:00, classroom A.05 



 
 


Contents  
 
Part I. Basics

  1. Orthodox model of money creation   Slides 
  2. The competitive liquidity market model  Sketch of the financial sector     
  3. The competitive currency market model    
  4. The aggregate supply, aggregate demand model   Expenditure multiplier


Part II. Extensions  
 
  5. Sectoral identity and savings identity  
Another GDP model      
  6. Real interest rate and Fisher equation  
  7. Unemployment and business cycle  A segmented labour market model  | EPIS model  
  8. Macroeconomic policy | The horrific trinity | The Swan diagram
           Policies in wage-led and profit-led economies  


 
Part III. Additional topics    

  9. Orthodox vs heterodox macroeconomics 
  10. Potpourri: fallacies, effects, 'laws', dilemmas, paradoxes, rules      
  11. Arbitrage and speculation  
 


Problem sets
  
  Problem set 1  |  Monetary aggregates  
 
  Problem set 2  |  Interest rate   
 
  Problem set 3  |  Exchange rate   
 
  Problem set 4  |  GDP and inflation rate
 

  Problem set 5  Macroeconomic policy   

  
 


Charts

  Monetary aggregates (eurozone) 
 
      Currency
1  2   M1 M1, M2, M3  | Growth monthly annual  Ratios

  Interest rates 
       Eurozone (  Key ECB interest rates)  T-bills (Spain)   |   France T-bills    

  Dow Jones 
       1928-2019  2016-2019    

  Exchange rates (1999-2019) 
      
USD 1  2   |  GBP 1  2   JPY   CNY  (2005-2019)   

  GDP per capita (1800-2016

  Inflation rate (1999-2019) 
      
Spain 1962-2019  2003-2019 
Canada 1965-2015 (Fig. 29.1, Macroeconomics, C. Ragan, 2017)

  France (1949-2018
      
GDP 1949Q1-2018Q4   |  GDP growth rate 1949Q1-2018Q4  1975Q1-2018Q4    

 



 
Evaluation 

1st call
 

35% of the final mark: mid-term activities and mid-term exam 
25% of the final mark: end-of-term exam (Tuesday 21 May 2019)

40% of the final mark: final exam (Monday 3 June 2019, 12:00)
    It is necessary to pass the final exam to pass the course
   
2nd call

100% of the mark: final exam (Friday 21 June 2019, 12:00)


Exams

  Exam 1  |  26 Feb 2019   

  Exam 2  |  7 Mar 2019   

  Exam 3  |  26 Mar 2019 (14 Mar 2019)     

  Exam 4  |  not born (26 Mar 2019)   

  Exam 5  |  Mid-term exam (4 Apr 2019 · Topics 1-4)    
       If you want to know your mark in this exam, the mark will be taken
       into account to establish your final mark. If you do not ask to know
       it, then the percentage corresponding to this exam will be added to
       the global exam of the 21st of May. 
 

  Exam 6  |  Global (end-of-term) exam (21 May 2019)  

  Final exam 1  3 June 2019 
  Final exam 2  21 June 2019 
 


Marks

  Marks from the global exam (21 May 2019)  
      If you want to review the correction,
suggest me when to meet (day and hour)
      If at least two of you are interested,
we could meet in a classroom to clarify doubts
      on the exam and/or the course. Suggest me day and hour for the meeting.

  Marks from the final exam and final mark in the first call (3 June 2019)  
       If you want to review the correction,
propose me when to meet (day and hour)

  Marks from the final exam and final mark in the second call (21 June 2019) 
 
     Review of the correction: Wednesday 26 of June, office 314, from 9:00 to 9:30


Links

  Tradingeconomics   
  European Central Bank  (Macroeconomic statistics) 
  World economic outlook (International Monetary Fund)
     
January 2019 update  October 2018 database   


  The Spanish economy   
      
  Recent developments in the Spanish economy (January 2019)  

  Big Mac Index   Wikipedia  |  Statista  Economist  | Infographics 

  Catalan national institute of statistics   
  Spanish national institute of statistics   
  French national institute of statistics   
  Dutch central bureau of statistics   



Last update: 21 June 2019 · 16:22