The aim of this module is to introduce the foundation of concepts of macroeconomics to carry out the basic economic analysis and to understand the current debates in macroeconomics. We will start introducing topics such as inflation, unemployment, GDP and its components. Then, we will study the aggregate demand and supply, and to understand their determinants. Students will be able to explain with the support of graphs the impact of macroeconomic policies in the short and the long run. Finally, we will briefly explain the assumptions of two of the most important schools of Macroeconomics (i.e. classical and Keynesian school) and their policy implications. We will carry out a case-study macroeconomic policy debate to put our knowledge into practice.
The module is highly recommended for those wishing to study Economics, Social Sciences, Public Policy, or Public Administration.