Universidad de Jaén

BLOCK I: Introduction to Macroeconomics.

Topic 1. Panoramic view of macroeconomics. Variables and concepts

1.1.- The income and expenditure of the economy

1.2.- The measurement of gross domestic product

1.3.- The components of GDP

1.4.- GDP and economic welfare

Topic 2. Production and economic growth

2.1.- Economic growth in the world

2.2.- Productivity: its role and its determinants

2.3.- Economic growth and economic policy

2.4.- The long-term growth

Topic 3. Savings, investment and financial system

3.1.- Financial institutions

3.2.- Savings and investment

3.3.- The market of loanable funds

Topic 4. Unemployment

4.1.- Identification of unemployment

4.2.- Theories that explain unemployment

BLOCK II: Money and prices in the long term

Topic 5.- The monetary system

5.1.- The meaning of money

5.2.- The central bank paper

5.3.- Banks and the money supply

Topic 6.- Monetary growth and inflation

6.1.- The classical theory of inflation

6.2.- The costs of inflation

Block III: The macroeconomics of open economies

Topic 7.- Macroeconomic analysis of an open economy. Basic concepts.

7.1.- International flows of goods and capital

7.2.- Real and nominal exchange rates

7.3. -Theory of determination of exchange rates: the parity of purchasing power.

Topic 8.- Macroeconomic theory of the open economy

8.1.-The supply and demand of loanable funds and currencies

8.2.- The balance in the open economy

8.3.- Effectiveness of economic policies in an open economy.

Block IV: Short-term economic fluctuations

Item 9.- Aggregate demand and aggregate supply

9.1.- Aggregate demand

9.2. - The added offer

9.3.- Balance of the model

9.4.- The dilemma in the short term between employment and inflation: the curve of phillips

Topic 10.-The influence of monetary and fiscal policy on aggregate demand

10.1.- Influence of monetary policy on aggregate demand

10.2.- Influence of fiscal policy on aggregate demand

10.3.- The use of economic policy to stabilize the economy

Introduction
to Economics

Theoretical
competences linked to the general knowledge and in depth of the
economy.

Skills linked to the development of problems and practices.

Development of economic problems and application of
solutions.

Students with special educational needs should contact the Student Attention Service (Servicio de Atención y Ayudas al Estudiante) in order to receive the appropriate academic support

The final grade of the student will be the result of the aggregation of the marks obtained in a written test of theoretical-practical contents and in a series of activities programmed during the course. The written test of theoretical and practical content will represent 70% of the final grade, being necessary to obtain a minimum score of 4 out of 10 to pass the exam. Additionally, students must complete scheduled activities during the school year consisting of the presentation of individual, group and / or self-assessment tests, which will have a maximum score of 30 percent of the final grade. The aforementioned scheduled activities will be assessed as established in this guide, as long as the student, prior to the first call of the written test, does not specify that he does not wish to be evaluated. Attendance to class will be considered mandatory and necessary to properly assimilate the theoretical and practical contents of the subject.