Syllabus

1. Introduction to Macroeconomics

2. Measuring Macroeconomic Data

3. The IS Curve

4. Monetary Policy and Aggregate Demand

5. The Central Bank Balance Sheet and the Money Supply Process

6. Monetary Policy Tools and Stabilization

7. Aggregate Supply and the Phillips Curve

8. The Aggregate Demand and Supply Model

9. Macroeconomic Policy and Aggregate Demand and Supply Analysis

10. The Zero Lower Bound and controversies in macroeconomic policy

11. Fiscal Policy and the Government Budget

12. Exchange Rates and International Economic Policy

Adopted textbook:

Frederic S. Mishkin (2015). Macroeconomics: Policy & Practice, Second Edition, Pearson Editors.

Two chapters (17 and 18) from the following textbook will also be used:

Stephen G. Cecchetti and Kermit L. Schoenholtz (2017). Money, Banking, and Financial Markets, Fifth Edition, McGraw-Hill.

Evaluation Regimes

Opção A

1. Midterm test: 1 test covering the materials taught during the first 6 weeks of the semester, weighing 50% on the final grade.

2. A final test covering all materials taught in this course, but more emphasis on the materials covered during the last six weeks of the semester. It has a weight of 50% on the final grade.

3. The grade in any of these tests cannot be lower than 8 points (in a scale from 0 t0 20 points)

Opção B:

1. One final exam: weight of 100% on the final grade.

2. Covers all materials ntaught during the entire semester.