Objectives of general skills

• Solve new problems
• Abstract and manipulate theories and use these to solve problems
• Adapt an argument to a similar situation
• Use knowledge from different fields to address issues
• Address literature and interact within other scientific fields
• Have a good knowledge of related fields using mathematics

UE's Learning outcomes

This unit focuses on short to medium term open economy macroeconomics (determination of GDP, unemployment and inflation). It aims at enabling the students to :
- use the national accounts (including balance of payments and public finance data);
- master the behavioural underpinnings of macroeconomic equilibria (consumption, investment, money demand and supply, Taylor rule <i style="mso-bidi-font-style:normal">TR</i>);
- understand fix-price equilibria (<i style="mso-bidi-font-style:normal">IS/TR</i>; Mundell-Fleming under fixed and floating exchange rates) and flex-price equilibria (Phillips curve, aggregate demand and supply);
- apply the notions above to current economic policy issues  (especially fiscal and monetary policy).

UE Content

See learning activity.

Prior experience

Not applicable.

Term 1 for Integrated Assessment - type

• N/A

Term 1 for Integrated Assessment - comments

Not applicable.

Term 2 for Integrated Assessment - type

• Presentation and works
• Written examination

Term 2 for Integrated Assessment - comments

Multiple choice questions (60%); open questions (40%). Optional paper at the beginning of the term.

Term 3 for Integrated Assessment - type

• Written examination

Term 3 for Integrated Assessment - comments

See term 2. The marks of the optional paper are carried over.

Resit Assessment for IT - Term 1 (B1BA1) - type

• N/A

Resit Assessment for IT - Term 1 (B1BA1) - Comments

Not applicable.