Economics II

Enseignants

Latzer Hélène;

Langue
d'enseignement

Anglais

Acquis
d'apprentissage

A la fin de cette unité d’enseignement, l’étudiant est capable de :

Définir et distinguer les principales variables macroéconomiques ; décrire et expliquer les relations et interactions existantes entre ces variables macroéconomiques ; utiliser des modèles graphiques et algébriques qui clarifient ces relations ; analyser les effets des chocs macroéconomiques décrire les différents instruments de politique macroéconomique et discuter de leurs effets.

Contenu

1. The main macroeconomic variables and the National Accounts
2. Measuring aggregate prices and their evolution through time
3. The monetary system
4. The determinants of the aggregate demand: the IS-LM model
5. The labor market and the determinants of the aggregate supply
6. The medium-run macroeconomic equilibrium: the AD-AS model
7. The Phillips curve
8. Anticipations and the macroeconomic analysis
9. An introduction to open economy
10. The market for goods and services in the open economy
11. The Mundell-Fleming model
12. An introduction to determinants of long-run growth
13. The Solow model

Méthodes d'enseignement

1. Plenary lectures:
During the plenary lectures, the professor presents the concepts and mechanisms associated to the different models.
The lectures follow the course outline presented above.

2. Exercise sessions (TA sessions):
Exercise sessions are carried out in small groups and aim at checking knowledge acquisition as well as applying the theoretical concepts presented in class to solve exercises and case studies. Students should review the corresponding lectures before the session to draw full benefit from them. Those exercise sessions will also be partly devoted to the preparation of home assignments in which students are expected to manipulate macroeconomic data, read selected articles relating to macroeconomic topics and write reports.

Modes d'évaluation
des acquis des étudiants

The final grade consists of two parts:

• a written report (home assignment);
• written final exam (2h).

These two parts are weighted as follows in the final grade:

• 85 % for the written exam and 15% for the home assignments if the score obtained at the written exam is at least 50%;
• 92,5 % for the written exam and 7,5% for the home assignments if the score obtained at the written exam is less than 50%.

The grade of the home assignments is automatically reported to the next session unless the student explicitly asks for representing them.

Bibliographie

The reference book for this course is Blanchard, Macroeconomics, Pearson, 6th Edition or former ones (the 7th and 8th Edition do not follow the same structure any more). The course will cover the first 8 chapter of the reference book.

Faculté ou entité
en charge

> ESPB