The curricular unit on Macroeconomics aims to provide students with a basic range of analytical tools and practical to allow it to dominate modern techniques of analysis of macroeconomic problems. The course will emphasize the analysis of problems of economic policy in dynamic environments. Special attention is given to long-term analysis, as the problem of economic growth. Will be given also focus on a European vision of Macroeconomics, taking into account the importance of European institutions (European Union) for the economic development of Portugal. The student will understand the problem of economic growth, as well as the role of institutions in a macroeconomic context of the problem of economic growth, framed within the European Union.
1. Introduction to the curricular unit; Review of some mathematical concepts; Introduction to economic growth.
2. Solow model; Growth accounting.
3. Empirical applications of neoclassical growth models: Human Capital and Convergence (Mankiw, Romer and Weil Model).
4. Natural resources and economic growth.
5. RD economics and economic growth. The Economics of Ideas. Romer endogenous growth model. Science and technology policy and economic growth.
6. Models of economic growth and economic development. Social infrastructure and long-term growth. AK model.
7. Government and economic growth – the Barro model.
8. Population and Economic Growth.
9. Alternative Theories of Endogenous Growth.
10. The Future of Economic Growth.
11. Synthesis: Understanding Economic Growth.
The teaching methods are based in expositions and practical exercises and discussions. The models are solved in class using analytical and graphical approaches. There are many practical exercises solved by the students. There are many discussions using real data to apply the different models.
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