Introduction to Macroeconomics · 2015/16
1r Grau d'Economia, ADE i Finances i Comptabilitat · M5
   

 
 

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 2016)
Tuesday  08:00-9:00 & 11:00-13:00
Thursday 08:00-11:00

 Lecture room A2.1 · 9 February 2016 - 19 May 2016
Tuesday 09:00-11:00 & Thursday 11:00-13:00  
 
Class timetable
February
 9
11
16
18
23
25
  
  
March
 1
3
8
1015
17
 29 31
April
 5
7
12
14
19
2126 28
May
 3
510
12
1719     

 Mid-term exam: 5 April 
 Lecture by Aisling Conway, Cork Institute of Technology, Ireland
 End of term exam: 19 May
   
  The Spanish economy  (includes useful links)

   Since the course is over, do not forget to remember to forget 99% of everything that you have learned      



 
 


 Contents  

  Presentation  |  Overview  |  The macro wheels  |  SUMMARY  

  Around the world in eight macroeconomic variables

  0. Preliminaries  Dilemmas
         
  1. Glimpse of the real sector | GDP, inflation rate, identities, GDP per capita 
 
  2. Glimpse of the financial sector | Monetary aggregates, financial assets 

        The stock market as a beauty contest
        How stable is the financial sector?
        More slides 
        The 2008 financial crisis in the movies 

  3. lnterest rate and central bank | Interest rates, central banking, liquidity market model 

       ECB key interest rates (since 16 Mar 2016)
          
  4. Exchange rate | Currency market model, arbitrage, impossible trinity 

        More slides 
  
  5a. Unemployment rate | Okun's law, Phillips curve, involuntary unemployment

       Slides: Part 1  |  Part 2 (enlarged set of slides)
       Unemployment and unemployment rate, Spain, 2005-2016 | Charts from EL PAÍS 

  5b. Business cycle | Stylized facts, deflationary spiral, expenditure multiplier, AS-AD model

       Slides: Part 3
        
  6. Theory of macroeconomic policy |  Fiscal policy, monetary policy, supply-side policy,
           orthodox and heterodox views
        
       Slides 






Problem sets

    Problem set 1 | Real sector

  Exercises | Multiple choice questions

    
    Problem set 2 | Financial sector

  Exercises | Multiple choice questions

     
    Problem set 3 | Interest rate and central bank

  Exercises | Multiple choice questions

     
    Problem set 4 | Exchange rate

  Exercises | Multiple choice questions

    
    Problem set 5 | Unemployment rate, inflation rate, GDP, business cycle

  Exercises | Multiple choice questions  


    Problem set 6 | Macroeconomic policy

  Exercises | Multiple choice questions

     
   













Continuous assessment and exams

  Evaluation regulations by FEE (Catalan)
  Teaching regulations by URV for the academic year 2014-15 (Catalan)

  Success and achievement rates URV 2012-13 and 2013-14
  Success and achievement rates FEE 2010-11, 2011-12, 2012-13, 2013-14
 
  Reglamento de Disciplina Académica, de 8 de septiembre de1954 (Spanish)
  Reglament de Règim Disciplinari dels Estudiants de la URV (PDF document) (Catalan)

  Instrucció per a aplicar el Reglament de Règim Disciplinari dels Estudiants de la URV  (Catalan)


1st call
 
40% of the final mark: mid-term activities & exams
20% of the final mark: end-of-term exam (Thursday 19 May 2016)

 40% of the final mark: final exam (Friday 3 June 2016, 12:00)
   It is necessary to pass the final exam to pass the course
    

2nd call

100% of the mark: final exam (Thursday 23 June 2016, 12:00)
    


Exams

  Exam 1 | 10 March 2016 
  Exam 2 | 31 March 2016 
  Exam 3 | 5 April 2016 
  Exam 4 | 3 May 2016 
  Exam 5 | 19 May 2016 
  Exam 6 | 3 June 2016 
  Exam 7 | 23 June 2016 


Marks

  Exam 1
  Exam 2
  Exam 3 
  Exam 4 
  Exam 5 
  Exam 6 
      
  Final mark | 1st call  

  Final mark | 2nd call  


Links

 Gapminder
Penn World Table 8.1  
Tradingeconomics  
X-rates  

IQ test 
The island of stone money, WH Furness (1910)

 OECD statistics
OECD Economic Outolook
IMF World Economic Outolook  |  WEO 2016   
World Bank  |  World Bank Open Data   

Banco Central de Venezuela
 European Central Bank 
Spanish Central Bank (Banco de España)

Eurostat
Spanish National Statistics Institute (INE)
Official Statistics Website of Catalonia (IDESCAT)
 
The Aaron Ramsey curse: example of the post hoc fallacy? 
Spanish debt 
Spanish debt-disaster | EL PERIÓDICO 31 mar 2016
Spanish debt clock  

EPA    


Last update: 23 June 2016 · 16:13