TEACHING GUIDE

MACROECONOMICS
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GRADO EN ADMINISTRACIÓN Y DIRECCIÓN DE EMPRESAS

Q2803011B UNIVERSIDAD REY JUAN CARLOS

(INGLÉS)

ACADEMIC YEAR 2024-25

Date: 04-07-2024

Vicerrectorado de Calidad y Estrategia

 Q2803011B UNIVERSIDAD REY JUAN CARLOS
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MACROECONOMICS
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I.-Subject Identification

Type OBLIGATORIA

Teaching period 2 course, 2Q semester

Nº of credits 4.5

Language in wich the subject is taught English

II.-Presentation

INTRODUCTION
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The subject of Macroeconomics is part of the second year of the Degree in Business Administration and Management. With
Macroeconomics, economists intend to answer questions that affect all people and each one from the different countries of the
world. Questions such as: Why are there rich countries and poor countries?; Why are we richer than in the past?; Why does
unemployment occur? What causes inflation?; Why does economic activity increase in some periods and decrease in others?
How do the economic policy decisions of one economy affect others? etc. In this sense, Macroeconomics can be interpreted as
the study of the behavior of the economy as a whole. Therefore, this discipline focuses on the aggregate behavior of the different
economic agents, agents that can be grouped into consumers, firms, and government.
Q2803011B UNIVERSIDAD REY JUAN CARLOS

Macroeconomics, like microeconomics, relies on models when dealing with the different questions raised. These models, greatly
simplifying, can focus on the study of the long or the short term. In the long-run economic growth studies the productive capacity
of the countries and, therefore, the increase in the standard of living of citizens. The short-term, on the other hand, focuses on
the study of what is called the economic cycle, that is, the continuous rises (expansions) and falls (recessions) of the aggregate
economic activity. In this sense, some reasons to study Macroeconomics can be highlighted. One of them is that
macroeconomics is a discipline that interests us all insofar as it directly affects our lives. Another, which is applicable to any other
branch of knowledge, consists of the need of people, and above all those who have certain levels of training, to have a general
culture that allows them to understand the information that appears in the different media.

III.-Competences

Generic competences

CI01. Ability to analyse and synthesise: analysis, synthesis, evaluation and decision-making based on relevant information
records on the company's position and potential growth.
CI03. Spoken and written native language skills: understanding and ability to correctly communicate in different scenarios in
Spanish. Ability to make oneself understood by superiors and subordinates in a clear and concise manner and draft advisory
reports and (global or functional area) business management projects
CI07. Ability to solve problems
CP01. Ability to work in an interdisciplinary team.
CP04. Critical reasoning skills.
CS01. Ability to study independently.
CS06. High standards of quality.
CPR01. Practical application of knowledge.

Specific competences

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CE06. Knowledge concerning socio-economic environment in which enterprises operate, most notably Economy
CP02. Ability of application of the theoretical, methodological knowledge and of the technologies acquired in the process of
formation
CP09 . Ability to identify key indicators and economic aggregates and their impact on business decisions
CP10 . Ability to interpret national and international economic context surrounding the company
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IV.-Contents

IV.A.-Syllabus

Chapter 1. Macroeconomics approach

I.- Introduction
Chapter 2. Macromagnitudes: Measurement and structure of
an economy

Chapter 3. Production and employment. Productivity

Chapter 4. Consumption, saving and investment

II.- Long run macroeconomics
Chapter 5. Economic growth
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Chapter 6. Money and prices

Chapter 7. IS-LM model

III.- Macroeconomics in the short-run

Chapter 8. The balance of payments. Saving and investment

IV Macroeconomics for an open economy
in an open economy.
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IV.B.-Training activities

Type Title

Others Preparation of the contents of the subject

Others Theoretical and practical lessons

Others Face to face tutorials

Others Individual or group activities

Others Evaluation tests in class

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V.-Student worload

Lecture classes 21

Pratical classes/resolution of exercises, case studies, etc. 20

Practical sessions in technological laboratories, hospitals, etc. 0

Tests 4

Academic tutorials 36

Related activities: conferences, seminars, etc. 0

Preparation of lecture classes 18

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Preparation of practices, exercises, cases studies work 18

Test preparation 18

Total student workload 135

VI.-Methodology and academic programme

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Type Period Content

Master classes Week 1 to Week 1 Topics 1-2 On-Site Learning Activity

Exercises Topic 2 On-Site Learning

Master classes Week 2 to Week 2
Activity

Work placements Week 3 to Week 3 Topic 3 On-Site Learning Activity

Exercises Topic 3 On-Site Learning

Master classes Week 4 to Week 4
Activity

Work placements Week 5 to Week 5 Topic 4 On-Site Learning Activity

Exercises Topic 4 On-Site Learning

Master classes Week 6 to Week 6
Activity

First Partial Test Topic 5 On-Site

Work placements Week 7 to Week 7
Learning Activity

Exercises Topic 5 On-Site Learning

Master classes Week 8 to Week 8
Activity

Work placements Week 9 to Week 9 Topic 6 On-Site Learning Activity

Exercises Topic 6 On-Site Learning

Master classes Week 10 to Week 10
Activity

Work placements Week 11 to Week 11 Topic 7 On-Site Learning Activity

Exercises Topic 7 On-Site Learning

Master classes Week 12 to Week 12
Activity

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Master classes Week 13 to Week 13 Topic 8 On-Site Learning Activity

Exercises Topic 8 On-Site Learning

Work placements Week 14 to Week 14
Activity

Review and Second Partial test On-Site

Tests Week 15 to Week 15
Learning Activity
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VII.-Assessment methods

VII.A.-Assessment weighting

Continuous ordinary assessment:

The distribution and characteristics of the assessment tests are those described below. Only in exceptional case and for special
reasons may the teacher add changes to the Guide. These changes will require the prior consultation with the Subject Head and
the prior and explicit authorisation of the Degree Programme Coordinator, who will notify the Vice-Rector?s office in charge of
Academic Affairs of the modifications made. In any case, the changes proposed must take into account the stipulations of the
verified report. In order for these changes to take effect, they must be duly communicated at the start of the course to the
students using Aula Virtual.
The combination of activities that are not re-assessable cannot exceed 50% of the subject grade and, in general, cannot have a
minimum grade (except for the case of laboratory or clinical work placements, where duly justified), and tests which exceed 60%
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of the subject weighting cannot be added.

Extraordinary assessment: Students who do not manage to pass the ordinary assessment, or who did not attend, will be
subject to completion of an extraordinary assessment to verify their acquisition of the skills established in the guide, only for
activities that are re-assessable.

Description of the tests for assessment and their weights.

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Continuous ordinary evaluation:

The distribution and characteristics of the evaluation items are described below. Only in exceptional cases and especially
motivated, the teacher may incorporate adaptations in the Guide. Such changes will require, after consulting the Head of the
Subject, the prior and express authorization of the Degree Coordinator, who will notify the Vicerectorado with competencies in
matters of Academic Planning the modification made. In any case, the proposed modifications must be coherent with what is
established in the verified report. For such changes to be effective, they must be duly communicated to the students at the
beginning of the course through the Aula Virtual.
The sum of non-revaluable activities may not exceed 50% of the course grade and, in general, may not have a minimum
grade (except in the case of laboratory practices or clinical practices, when duly justified), avoiding incorporating tests that
exceed 60% of the weighting of the subject.

Extraordinary evaluation: Students who do not manage to pass the ordinary evaluation, or have not applied, will have
to carry out an extraordinary evaluation exam to verify the acquisition of the competencies established in the guide, only of the
revaluable activities.
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Reassessable
Evaluation i n Evaluation M i n i m u m
Weighing Contents Date
system Extraordinary Activity G r a d e
Session

Throughout the
ES1 Group work c o u r s e
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Evaluation of N O Group work NO related to the (delivery on

10%
individual or (Cumulative) evaluation (Cumulative) s u b j e c t paper and/or
group work s y l l a b u s through Virtual
Classroom)

ES3 Y E S .
In-person Individually Theoretical- Syllabus of the Date of the
theoretical- f o l l o w i n g t h e practical written 60% 5 s u b j e c t ordinary official
p r a c t i c a l same format as test p r o g r a m call
evaluation tests in ordinary

ES4 Individual or
S o l v i n g
Evaluation of g r o u p
individual or Throughout the
problems and N O NO exercises
group problems 30% course (paper
practical cases (Cumulative) (Cumulative) related to the
i n t h e delivery)
(between 1-3 contents of the
classroom
practices) subject

The in-person theoretical-practical evaluation test and the resolution of problems and practical cases, referring to the ES3 and
ES4 evaluation systems, will be conducted in the classroom.
Practical in-class activities aim to assess student progress on a regular basis, encouraging active participation, which cannot be
applied effectively in a reassessment.
The final distribution and details of the characteristics of the evaluation tests will be communicated in the first weeks of the
academic year.
The practical activities in class are intended to regularly assess student progress, promoting active participation, which cannot be
effectively applied in a re-evaluation. Students who complete the activities related to the evaluation systems SE1 and SE4 during
the academic year and do not pass the in-person theoretical-practical evaluation test in the regular session will have their grades
for these activities preserved for the extraordinary call.

Calculation of the global grade:

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•The final grade or global grade is calculated as the weighted average of the grades of the evaluation activities, once the
minimum grade of the written theoretical-practical test has been passed (minimum grade of 5).
•To pass the course, the overall grade must be 5 or higher, as long as a minimum grade of 5 has been achieved in the face-to-
face theoretical-practical written test (ES3).
•Students who do not exceed 5 in the Theoretical-practical written test (ES3) will have the final grade obtained in said test.

Extraordinary call

In an extraordinary call, only the ES3 evaluation activity (theoretical-practical written test) can be reassessed if the minimum
score has not been reached (or if the student did not attend it).
The reassessment of the ES3 evaluation activity (theoretical-practical written test) will be conducted on the official date
indicated for the extraordinary examination session.
To pass the course, the overall score must be 5 or higher, once the minimum score of 5 in the theoretical-practical written test
has been achieved. In other words, the grades obtained in the non-reassessable evaluation activities will be reweighted in the
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extraordinary examination session following the same criteria as the continuous evaluation in the regular session.
In the event that a grade of 5 is not achieved in the SE3 evaluation test, the one obtained in said test will be assigned as the final
grade.

Advance call
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Given the characteristics of the subject and the advanced call, the evaluation of the student who requests it will be carried out
through an in-person theoretical-practical test that includes all the content of the subject.

Students with disabilities or special educational needs: Curricular adaptations for students with disabilities or special educational
needs, in order to guarantee this equality of opportunity, non-discrimination, universal accessibility, and greater assurance of
academic success will be patterned by the Unit for Persons with Disabilities under the appropriate Regulations, as enforced by
the Governing Council of Universidad Rey Juan Carlos University. Students with disabilities or special needs should contact the
Unit for Persons with Disabilities in order to jointly analyze the alternatives.

VII.B. Assessment of students with an academic exemption

Student who wish to opt for this assessment will have to get an academic exemption for the subject, which they will have to
request from the Dean or Director of the Centre which teaches their course. An academic exemption may be granted where the
subjects own characteristics allow for it.

Subject with the possibility of an exemption: Yes

VII.C. Review of assessment tests

In accordance with the exam appeal regulations of the Universidad Rey Juan Carlos.

VII.D.-Students with a disability or special educational needs

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Curricular adaptations for students with a disability or special educational needs will be determined by the Disabled Students
Support Department, in accordance with the regulations governing the Disabled Students Support service, approved by the
Universidad Rey Juan Carlos Council, in order to guarantee equal opportunities, inclusive treatment, universal accessibility and a
greater guarantee of academic success.

For this purpose, this Department will have to issue a curricular adaptation report, therefore students with disabilities or special
educational needs must contact the Department to analyse the different alternatives together.

VII.E.-Academic behaviour, academic integrity and honesty

The Universidad Rey Juan Carlos is completely committed to the highest standards of academic integrity and honesty.
Therefore, studying at the URJC means you accept and agree to the academic integrity and honesty values described in the
University's Code of Ethics. In order to monitor this procedure, the University has Regulations on academic behaviour at the
Universidad Rey Juan Carlos and uses different tools (anti-plagiarism, supervision?) which provides a collective assurance that
these essential values are completely developed
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VII.-Bibliography

Referecence Generic

Macroeconomics. Abel, A. B. y Bernanke B. S., Prentice Hall, Madrid, 2004.

Macroeconomics. Blanchard, O. Pearson
Macroeconomía. Dornbusch, Fischer y Startz, MacGraw-Hill, 2012
Essentials of Economics by Krugman, Wells y Graddy (3rd Edition)
Blanchard, O., Amighini, A. y Giavazzi, F. MACROECONOMICS Ed. Pearson, (last edition)
Macroeconomics, a European perspective Oliver Blanchard, Alessia Amighini and Francesco Giavazzi Pearson Prentice-Hall.
2011

Reference literature
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IX.-Lecturers/Teachers/Professors

Lecturer/teacher/professor´s name VICTOR SANCHIS MALDONADO

E-mail address [email protected]

Category Investigador
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Subject Coordinator No

Para consultar las tutorias póngase en contacto con el/la

Academic tutorial timetable
profesor/a a través de correo electrónico

Nº of Quinquenios 0

Nº of Sexenio 0

Nº period for technology transfer 0

Stretch Docentia 0

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