Advanced Macroeconomics Código:  21.448    :  6
Consulta de los datos generales   Descripción   La asignatura en el conjunto del plan de estudios   Campos profesionales en el que se proyecta   Conocimientos previos   Objetivos y competencias   Contenidos   Consulta de los recursos de aprendizaje de los que dispone la asignatura   Recursos de aprendizaje y herramientas de apoyo   Informaciones sobre la evaluación en la UOC   Consulta del modelo de evaluación  
Este es el plan docente de la asignatura. Os servirá para planificar la matrícula (consultad si la asignatura se ofrece este semestre en el espacio del Campus Más UOC / La Universidad / Planes de estudios). Una vez empiece la docencia, tenéis que consultarlo en el aula. (El plan docente puede estar sujeto a cambios).

The subject is devoted to the study of advanced topics in macroeconomics, with special emphasis either on issues that have great relevance in the present or which have experienced recent new developments and / or represent significant expansions of the teaching materials covered in previous courses. More concretely, this subject focuses on new developments in monetary and financial economics as well as in fiscal and structural policies. It also studies different approaches to economic growth and its interconnections with innovation economy and welfare.

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Advanced Macroeconomics is an elective course of the degree in Economics. The subject develops and expands the contents of the previous Macroeconomics’ courses: the introductory and intermediate level offered in this degree. The topics also connect with subjects related to Catalan, Spanish, European and world economics, as well as with the skills attained on applications of quantitative methods in other subjects of the degree in Economics.

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The contents of the course are specifically designed for students who require a thorough knowledge of recent developments in theoretical and empirical analysis of the economy for their professional activity. In particular, it addresses positions in the public sector with responsibility for the functioning of the economic system as a whole, as well as activities in the private sector in which a deep knowledge of the economic context is relevant for managing or supporting economic analysis and decision-making. It also addresses positions in national and / or international institutions with responsibilities for analyzing, monitoring and assessing the consequences of recent changes in present economics.

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It is recommended that before enrolling this course, the student has attended the following courses: Introducción a la macroeconomia, Macroeconomia, Fonaments d’estadística, Estadística aplicada, Introducció a l’econometria, Econometria, Fonaments de matemàtiques, Optimització, Estructura econòmica espanyola, Estructura econòmica mundial, Política econòmica conjuntural, Polítiques econòmiques estructurals, Economia internacional: comerç i Economia internacional: finances.

As the course is in English, it's also highly recommended to have a B2 level in English (upper intermediate).

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This subject will develop the following transversal skills covered by all degree programmes in the Faculty of Economics and Business:

  • Capacity for critical and synthetic analysis.
  • Capacity to learn to investigate and to innovate autonomously.

 

It will also develop the following specific skills:

  • Capacity to manage the main economic concepts, models and representation techniques as well as to analyze the economic reality.
  • Capacity to analyze and review the concepts related to economic policy objectives and instruments.
  • Capacity to elaborate economic reports that contribute to the decision-making process in both public and private spheres.

 

All of these skills are addressed by the general objectives described in each unit.

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The contents are organized in four units.
INTRODUCTION
UNIT 1: MONETARY AND FINANCIAL TOPICS 
1. AND AFTER CRISIS, WHAT? SECULAR STAGNATION OR FINANCIAL DRAG?
2. LOW INTEREST RATES: CAUSES AND IMPLICATIONS
3. NEW DEVELOPMENTS IN MONETARY POLICY
4. FINANCIAL FRAGILITIES IN ADVANCED AND EMERGING COUNTRIES?
5. INTERNATIONAL FINANCIAL FLOWS
UNIT 2: REAL ECONOMY
1. FISCAL POLICIES AFTER CRISIS
2. PRIVATE INVESTMENT AFTER CRISIS
3. THE ROLE OF STRUCTURAL POLICIES
4. MACROECONOMIC IMPLICATIONS OF DISTRIBUTIONAL PROBLEMS 
5. TECHNOLOGICAL CHANGES: MACROECONOMIC IMPLICATIONS
UNIT 3: GROWTH: ANALYSIS AND EMPIRICS 
1. WHY IS IMPORTANT ECONOMIC GROWTH?
2. SOME CLASSICAL INSIGHTS
3. HARROD AND DOMAR THEORIES
4. SOLOW’S DECOMPOSITION OF ECONOMIC GROWTH: APPLICATIONS
5. FROM SHORT RUN TO MEDIUM AND LONG RUN
UNIT 4: TOPICS IN GROWTH ECONOMICS
1. NEOCLASSICAL GROWTH MODEL
2. SAVINGS AND GROWTH
3. TECHNICAL PROGRESS IN GROWTH MODELS 
4. THE ROLE OF IDEAS: ENDOGENEOUS GROWTH MODELS
5. GROWTH AND WELFARE: THE GOLDEN RULE 

The first unit focuses on new developments in monetary and financial economics. It discusses the problems of economic growth after the crisis and reviews the alternative explanations, the role of low interest rates (causes and implications), changes in monetary policy strategies, problems of financial systems in advanced and in emerging economies, as well as recent developments in international financial flows, their causes and implications.
The second unit focuses on "real sector" of economy: it analyzes new fiscal policies’ development, post-crisis private investment’s problems, the role of structural policies, the macroeconomic implications of income distribution problems, as well as the implications for the macroeconomics of technological change.
The third unit incorporates aspects related to economic growth: the importance and dynamics in medium and in long term, some classical ideas that still remain valid, the interconnections between dynamics in the short and medium term introduced by Harrod and Domar, which recently recovered renewed leadership and Solow's sources of economic growth accounting.
The fourth unit extends the analysis of economic growth departing from the neoclassical model: the discussion on the role of savings, the demographic changes and technological progress, the role of ideas and innovation that leads to the endogenous growth models of Romer and the relationship between economic growth and welfare.

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Due to the content and timeliness of the topics addressed, this course consists of teaching materials (in English) which are smaller in volume in comparison to other subjects of the degree in Economics, because their aim is simply to provide an introduction and overview of each topic. The bibliographic references (via links) of the original sources of the analysis, data and discussions are the milestone of the subject. The teaching materials are thus organized as a "guided tour" through the most relevant sources of each topic/unit and they also provide some guidelines on how to keep the references updated.

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La Normativa académica de la UOC dispone que el proceso de evaluación se fundamenta en el trabajo personal del estudiante y presupone la autenticidad de la autoría y la originalidad de los ejercicios realizados.

La falta de originalidad en la autoría o el mal uso de las condiciones en las que se hace la evaluación de la asignatura es una infracción que puede tener consecuencias académicas graves.

Se calificará al estudiante con un suspenso (D/0) si se detecta falta de originalidad en la autoría de alguna actividad evaluable (práctica, prueba de evaluación continua (PEC) o final (PEF), o la que se defina en el plan docente), ya sea porque ha utilizado material o dispositivos no autorizados, ya sea porque ha copiado de forma textual de internet, o ha copiado de apuntes, de materiales, manuales o artículos (sin la citación correspondiente) o de otro estudiante, o por cualquier otra conducta irregular.

La calificación de suspenso (D/0) en la evaluación continua (EC) puede conllevar la obligación de hacer el examen presencial para superar la asignatura (si hay examen y si superarlo es suficiente para superar la asignatura según indique este plan docente).

Cuando esta mala conducta se produzca durante la realización de las pruebas de evaluación finales presenciales, el estudiante puede ser expulsado del aula, y el examinador hará constar todos los elementos y la información relativos al caso.

Además, esta conducta puede dar lugar a la incoación de un procedimiento disciplinario y la aplicación, si procede, de la sanción que corresponda.

La UOC habilitará los mecanismos que considere oportunos para velar por la calidad de sus titulaciones y garantizar la excelencia y la calidad de su modelo educativo.

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Esta asignatura sólo puede superarse a partir de la evaluación continua (EC). La nota final de evaluación continua se convierte en la nota final de la asignatura. La fórmula de acreditación de la asignatura es la siguiente: EC.

 

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