Cursos / 1º Ciclo / Faculty of Economy and Business Management :: Economics

Versao Portuguesa


1º curricular year
Semestralidade: 2nd semester


Leading Teacher: Prof. Doutora Erika Laranjeira
Assistant Professor: Prof. Doutora Erika Laranjeira

Class type and School hours

Orientação Tutorial : 1 Horas
Teórico-prática : 2 Horas

Main Aims/Objectives

The goal is to provide students with the first conceptual and theoretical foundations of macroeconomics in order to understand the aggregate movements of a market economy.

Specific Aims/Objectives

The course is focused on four topics: (i) basic concepts and measures of macroeconomic phenomena, (ii) economic growth, (iii) the study of the aggregate labour market, and (iii) microeconomic foundations of macroeconomics.

Skills to be acquired

It is intended that students acquire the necessary foundations to study in subsequent macroeconomic courses the aggregate behavior of closed and open economies, in the short and long term. It is also an objective to expose the course material with significant analytical rigor, in order to start familiarizing students with the techniques and methodologies of modern macroeconomics study.

Teaching Procedures

The key aspects of the course program will be taught in class, with students being given the indication of the appropriate readings in the Bibliography Course as a way of complement the content transmitted in the classroom.


1. Macroeconomics as an object of study
1.1. Genesis
1.2. Object
1.3. Method

2. National Accounts
2.1. Introductory concepts
2.2. Product, income and expenditure
2.3. Income, saving and investment
2.4. Balance of payments

3. Economic growth
3.1. Empirical Evidence
3.2. Solow Model
3.3. Endogenous Growth

4. Labour Market
4.1. Empirical Evidence
4.2. Equilibrium in the labour market
4.3. Structural unemployment
4.4. Frictional unemployment

5. Consumption and Savings
5.1. Overview
5.2. Intertemporal choice
5.3. Permanent Income and Life Cycle

6. Investment

Evaluation Type

Two exams

Teaching Resources

Class Slides and Recommended Bibliography


Macroeconomic Accounts
Economic Growth
Microeconomic Foundations of Macroeconomy

Main Bibliography

Author BURDA, Michael; WYPLOSZ, Charles
Title Macroeconomics: A European Text
Edition 7ª Ed.
Place EUA
Editor Oxford University Press
Year 2017
Author CORREIA, João da Silva
Title Macroeconomia
Edition 1ª Ed.
Place Lisboa
Editor Verlag Dashofer
Year 2011
Author KRUGMAN, Paul; WELLS, Robin
Title Macroeconomics
Edition 3ª Ed.
Place EUA
Editor Worth Publishers
Year 2012

Complementary Bibliography

Author GORDON, Robert
Title Macroeconomics
Edition 12ª Ed.
Place EUA
Editor Pearson
Year 2012