Undergraduate macroeconomics, microeconomics and multivariate calculus

Understand measurement and basic macroeconomic variables Understand financial relationships between agents in the open economy (government, central bank and private sector with the rest of the world) and get knowledge about the financing of central government Understand basic modern consumption and investment theories Understanding basic monetary and fiscal policy concepts Study recent developments in the open economy

Measurement and definitions in macroeconomics Budget constraints: financial relationships between government, central bank, private sector and the rest of the world Consumption theory: Keynesian theory, Intertemporal Utility Maximization Problems, Permanent consumption hypothesis and application to financial markets Investment theory: capital demand, user cost of capital, Tobin¿s Q Fiscal and monetary policy: key concepts as ¿Ricardian Equivalence¿, concepts of money demand. Interaction between fiscal and monetary policy Open Economy: the current account and the capital account. Small open economy models. Technology shocks, terms of trade shocks, interest rate spread shocks

Theoretical classes to introduce and develop concepts Problem sets resolution