Introduction to Macroeconomics · 2014/15
1r Grau d'Economia, ADE i Finances i Comptabilitat · M5
   

 
 


Antonio Quesada
Office 314
Departament d'Economia
Universitat Rovira i Virgili

Avinguda de la Universitat 1
43204 Reus

E-mail: aqa@urv.cat 

Office hours (February - May 2015)
Monday  08:00-11:00 & Friday 08:00-11:00

Lecture room A0.6 · 2 February 2015 - 21 May 2015
Monday 11
:00-13:00 & Thursday 09:00-11:00  
 
Class timetable
February
2
5
9
12
16
19
23 26
March
2
5
9
1216
19
23 26
April
9
13
16
20
23
2730
May
4
711
14
1821 


 Mid-term exam: 9 April (on topics 0, 1, 2, and 3) 
   
 
The Spanish economy   

  Your performance (achievement and success rates) 



 
 


Contents  -  A summary 

  Presentation  Overview  The macro wheels

  Around the world in eight macroeconomic variables 

  0. Preliminaries
          Establishing, evaluating, processing, and explaining factual evidence
| Connecting micro with macro

  1. Glimpse of the real sector | 10 Feb 2015 20:21 | 253 kB  
          GDP, inflation rate, identities

            Inflation rate, Spain, 1962-2014
            GDP 
            CPI, GDP deflator, inflation rate
            GDP per capita  

            Growth numbers

            WEO October 2014  
            Maddison  

  2. Glimpse of the financial sector | 23 Feb 2015 08:25 | 1.1 MB
          Money, monetary aggregates, financial assets 


  3. lnterest rate and central bank | 11 Mar 2015 12:05 | 1.32 MB  
          Interest rate, central banking, ECB, liquidity market model 
      
           Slides (Euribor, ECB key rates, ECB decision making bodies, eurozone)


  4. Exchange rate | 11 Mar 2015 09:25 | 1.48 MB  
          Exchange rate, currency market model, arbitrage, impossible trinity, PPP 


  5. Unemployment rate, inflation rate, GDP, and business cycle | 27 Apr 2015 09:12 | 4.03 MB

           Notes (preliminary and incomplete)
           Additional notes

 

  6. Macroeconomic policy 7 May 2015 08:19 | 0.98 MB
        
          Debt




Problem sets


    Problem set 1 | Real sector: GDP, inflation rate, macroeconomic identities

  Exercises | 11 Feb 2015 13:12 

  Multiple choice questions | 11 Feb 2015 13:17

      Answers to exercises 1, 2(i), 6, 9, 13, 19, 28, 31, and 34, and
justified
      answers to six multiple choice questions (pick yourself them) must be delivered
      not later than the 2nd of March (answers could be e-mailed).



 
  Problem set 2 | Financial sector: money, monetary aggregates, financial assets

  Exercises | 23 Feb 2015 09:49  

  Multiple choice questions | 23 Feb 2015 09:18

      Answers to exercises 1, 2(i), 3, 4, 12(i), 14, 15, 18, 22, 24 and 26, and justified
     
answers to six multiple choice questions (pick yourself them) must be delivered
      not later than the 12th of March (answers could be e-mailed).




    Problem set 3 | Interest rate and central bank

  Exercises | 5 Mar 2015 08:02  

  Multiple choice questions | 5 Mar 2015 08:02

      Answers to exercises 3(i), 3(ii), 3(iii), 5, 10, 12, 17, 20, 21, 23, 27, 29, 33, 36, and 38,
      and justified answers to six multiple choice questions (pick yourself them) must be
      delivered not later than the 23rd of March (answers could be e-mailed).




    Problem set 4 | Exchange rate

  Exercises | 15 Mar 2015 19:49  

  Multiple choice questions | 15 Mar 2015 20:20

      Answers to exercises 2, 4, 8, 11, 12, 15 [just 5 items], 17, 19(i)-19(iv), 20, 23, and 27,
      and justified answers to six multiple choice questions (pick yourself them) must be
      delivered not later than the 20th of April (answers could be e-mailed).




    Problem set 5 | Unemployment rate, inflation rate, GDP, and business cycle

  Exercises |  27 Apr 2015 09:12  

  Multiple choice questions 27 Apr 2015 10:31



    Problem set 6 | Macroeconomic policy

  Exercises | 11 May 2015 08:14  

  Multiple choice questions | 11 May 2015 08:31

      Answers to exercises or to multiple choice questions to Problem set 5 and 6 do not have
      to be delivered. If you would like to deliver some, you are welcome, yet not later than the
      21st of May.









































Continuous assessment and exams

  Evaluation regulations by FEE (Catalan)
  Teaching regulations by URV for the academic year 2014-15 (Catalan)

  Success and achievement rates URV 2012-13 and 2013-14

  Success and achievement rates FEE 2010-11, 2011-12, 2012-13, 2013-14
 

Achievement rate · Introduction to Macroeconomics 2013-14
Achievement rate 1r year 2Q FEE 2013-14

Achievement rates FEE 2013-14
Success rates FEE 2013-14


  Reglamento de Disciplina Académica, de 8 de septiembre de1954 (Spanish)

  Reglament de Règim Disciplinari dels Estudiants de la URV (PDF document) (Catalan)

  Instrucció per a aplicar el Reglament de Règim Disciplinari dels Estudiants de la URV  (Catalan)

1st examination period
 

30% (of the final mark): mid-term activities & exams
30% (of the final mark): end-of-term exam (21 May 2015)

40% (of the final mark): final exam (2 June 2015, 12:00)
    It is necessary to pass the final exam to pass the course
   
2nd examination period

100% (of the final mark): final exam (22 June 2015, 12:00)
    

Exams and assignments

  Students who have given in answers to exercises


  Exam 1  | 23 Feb 2015
  Exam 2  | 9 Mar 2015
  Exam 3  | 26 Mar 2015

  Exam 4 (mid-term)  | 9 Apr 2015
  Exam 5 (end-of-term)  | 21 May 2015 

  Final exam  | 1st call · 2 June 2015 

  Final exam  | 2nd call · 22 June 2015


Marks

  Marks from exam 1 
  Marks from exam 2 
  Marks from exam 3 

  Marks from exam 4 (mid-term) 

A bad time? Take then a look here or here   

  Marks from the end-of-term exam 

  Marks from the final exam of the 2nd of June 
     
  Final mark (1st examination period) 

  Final mark (2nd examination period) 


Links

Trading Economics 
Greece's debt deal  (just for those very, very interested)

ECB - Statistical Data Warehouse 
 
ECB will buy 10% of Spain’s public debt | EL PAÍS 23 Jan 2015

  Spain's economy, document take from Presentation to investors

Spain | Weekly economic bulletin | 27 Feb 2015

The Spanish economy 

ECB Monthly Bulletin December 2014 (last issue)

The euro in free fall (Spanish) | EL PAÍS 5 Mar 2015

Draghi’s bold promise to do what it takes  | Financial Times 22 Jan 2015

US debt clock 

National Bank of Slovakia 
National Bank of Belgium 

Bank run in Spain? (Banco Madrid) | EL PAÍS 16 Mar 2015
Bank run in Andorra? (Banca Privada d'Andorra, Spanish) | EL PERIÓDICO 16 Mar 2015

'Corralito' in Andorra (in Spanish) | EL PERIÓDICO 17 Mar 2015 | EL CONFIDENCIAL 16 Mar 2015
      'Corralito' refers to measures to try to stop a bank run (restrict or forbid deposit withdrawals)

  How to decrease unemployment in Slovakia
       http://ec.europa.eu/slovensko/index_sk.htm

  Statistical Office of the Slovak Republic  

  Selected macroeconomic indicators of the Slovak Republic  
 
       Illustrations of Rodrik's trilemma (in Spanish)
  Mariano Rajoy: "Gobernar es muy difícil" | ABC 14 Mar 2015 (people should tolerate what leaders do
       because the leaders' task is hard and people do not understand what they have to do)
  Luis María Linde: "Apartarse de un camino que nos lleve a situaciones imposibles e
       insostenibles no es 'austeridad', sino sentido común y, en un sentido muy real, patriotismo"
       | EL PAÍS 8 Apr 2015
(in plain words: the nation state first, the people's will next - if you want
       to be consider a member of the nation state, adapt your preferences to the nation state's needs)

  Bringing a lawsuit against Argentina over expropiations | EL PAÍS 10 Apr 2015
  French trade unions against austerity | EL PAÍS 10 Apr 2015

  International Labour Organization - unemployment rate
       ILO Database

  Interview with Olivier Blanchard | EL PAÍS 16 Apr 2015 (Spanish)

  Largest economies | EL PAÍS 16 Apr 2015   Chart 1   Chart 2   (Spanish)
  GDP of the main economies (1980-2020) | LA VANGUARDIA 16 Abr 2015 (Spanish)

  8 de cada 10 jóvenes creen que deberán salir de España para trabajar | EL PERIÓDICO 16 Abr 2015 (Spanish)

  On the sanctions against Russia | EL PAÍS 21 Apr 2015  (Spanish)

  Creating jobs in Espanya | EL PAÍS 24 Abr 2015 (Spanish)
  "Be fruitful and increase in number" | EL PERIÓDICO 30 Abr 2015 (Spanish)
  Wage recovery | Antón Costas | EL PERIÓDICO 2 Abr 2015
  
  Macroeconomic scenario for Spain 2015-2018 | 30 Apr 2015

  Economic policy recommendations | European Commission 13 May 2015
  Economic policy recommendations | Country specific recommendations  | European Semester 2015
  Recommendations for Spain | European Commission 2015
 



Last update: 23 June 2015 · 17:42