GENERAL COMPETENCES - This course will study economic models in order prepare students to analyze the macroeconomic environment under which policies are design. Students will learn to think critically about the limits of any economic analysis and will be able to question economist´s assessments with solid arguments. They will develop the ability to communicate and discuss economic issues and will improve their confidence and leaderships skills thru a better understanding of the economic environment where they live.
SPECIFIC COMPETENCES - To analyze and reason in a rigorous and systematic way about macroeconomic issues. To interpret the main macroeconomic aggregates- To use economic models to analyze policy recommendations and to understand how economic markets operates. To clearly state economic problems, assessing their scope and advancing viable solutions.
DESCRIPTION OF CONTENTS- This course first studies the most relevant macroeconomic indicators that measure economic performance. After this, it will introduce one of the most used economic models for analyzing stabilization policies, in particular, we will concentrate in the conditions under which fiscal and monetary policies could reduce unemployment rates in the short run. The course then studies the Balance of Payments and the sustainability of Foreign Debt. We concentrate in the factors that explain the flow of foreign direct investment (FDI). We then study Exchange Rates and Interest Parity Theory. Following this topic, the program closes with an increasingly important topic: economic growth, paying special attention to the debate around the role of savings and technological change.