Subject: Macroeconomics II

Scientific Area:



64 Hours

Number of ECTS:




Overall objectives:

1 - Students will be able to describe, solve and use the main models of intermediate complexity, in the field of macroeconomics.
2 - Students will be able to develop a critical, comparative and quantitative analysis of the problems of modern macroeconomics, at an intermediate level.


1 - Introduction to the subject
2 - Macroeconomic variables and time series
3 - Macroeconomic theories and related models
4 - Objectives and instruments of macroeconomic policy
5 - Banking and monetary system
6 - Central bank and monetary policy
7 - Public budget and sovereign debt
8 - Government and fiscal policy
9 - Balance of payments, external debt and exchange-rate policy
10 - Practical applications of the neoclassical theory and policy
11 - Practical applications of the keynesian theory and policy
12 - Practical applications of the neoclassical-synthesis theory and policy


Andini, C. , 2019 , Teorias e Políticas Macroeconómicas , Universidade da Madeira
Santos, J., Pina, Á., Braga, J., St. Aubyn, M. , 2016 , Macroeconomia , Escolar Editora

Assesssment methods and criteria:

Classification Type: Quantitativa (0-20)

Evaluation Methodology:
The teaching methodology is mainly based on the oral and written transmission of knowledge from the instructor to the students during the contact hours. However, it also includes the analysis of case studies or problems as well as sessions to discuss practical applications of the theory. The materials most used for the transmission of knowledge are documents prepared by the instructor and websites. The assessment is periodical and consists of two mid-term exams. Each mid-term exam has a weight of 50%. All non mid-term exams have a weight of 100%.

Subject Leader:

Corrado Andini