Checking date: 14/05/2025 09:18:35


Course: 2025/2026

Topics in advanced Macroeconomics
(13446)
Bachelor in Economics (Study Plan 2018) (Plan: 398 - Estudio: 202)


Coordinating teacher: FUSTER PEREZ, MARIA LUISA

Department assigned to the subject: Economics Department

Type: Electives
ECTS Credits: 6.0 ECTS

Course:
Semester:




Requirements (Subjects that are assumed to be known)
Mathematics for Economics I and II, Macroeconomics, Dynamic Macroeconomics.
Objectives
-Intrepret and analyze economic data -Apply economic analysis to understand macroeconomic issues. - Identify the most relevant macroeconomic questions -Knowledge of the workhorse model in macroeconomics: The Ramsey model of Economic growth -Knowledge of the most important theories on endogenous growth -Develop and solve a dynamic macroeconomic model of infinite horizon and continuous time. -Apply modern macroeconomic theory to analyze also questions on fiscal policy, taxation an public debt. -Study of a small open economy -Study the response of a small open economy to temporary and permanent shocks
Learning Outcomes
K3: Acquire knowledge of the theories and techniques specific to Economics, employing appropriate terminology and the scientific method. K4: To understand the functioning of the economy as the efficient allocation of scarce resources, including the importance of equity. K5: Know quantitative and qualitative research techniques, and be able to discern which are the most appropriate to apply in the field of economics. K6: Comprehend the economic and social impact of various public policies on different agents and in diverse socioeconomic contexts. K7: Understand the economic variables that regulate the economy and govern the behaviour of agents. K8: Understanding economic institutions K9: Identify the economic, political, and social framework for the activities of various economic, political, or social agents. K10: Understand the fundamental elements of the economic environment from the perspective of different theories and various economic agents. S3: Apply the knowledge acquired in the degree program to rigorously, accurately, and scientifically identify socioeconomic processes and propose potential solutions. S4: Manage and develop autonomous learning within the field of Economics. S5: Formulate, debate, and defend critical and ethical arguments related to Economics. S7: Design economic and social programs to address the needs of economic agents. S8: Formally representing economic decision-making processes S9: Derive relevant economic information from the data, and be able to process it to answer the questions of interest S11: Describe and analyze economic problems within a specific social context. S12: Model and quantitatively interpret specific economic issues C4: Solve economic models of interest from both theoretical and numerical perspectives.
Description of contents: programme
This course develops the microeconomic foundations of macroeconomic theory and expands students' analytic skills by constructing and solving dynamic macroeconomic models. The main topics that the course are economic growth, economic policy, public debt and international macro. The course provides an advanced training in modern macroeconomic theory. The stylized facts on Economic Growth. The Solow model. The Ramsey Model of Economic Growth: A Macroeconomic dynamic framework in continuous time. The Planners Problem. The Competitive Equilibrium. Government Expenditure in the Ramsey model. The Effects of Taxation on economic growth. Public Debt: Ricardian Equivalence Hypothesis. Endogenous Economic Growth Theories. International Macro: A basic intertemporal model.
Learning activities and methodology
Lectures and practical clases. Office hours (2 hours per week )
Assessment System
  • % end-of-term-examination/test 60
  • % of continuous assessment (assigments, laboratory, practicals...) 40

Calendar of Continuous assessment


Extraordinary call: regulations
Basic Bibliography
  • Romer, David. Advanced Macroeconomics. McGraw-Hill. 2019
  • Végh, Carlos . Open Economies in Developing Countries . MIT Press . 2013

The course syllabus may change due academic events or other reasons.