htmldocs\courses\macro

Y, P, M, V, Y^, P^, M^, nominal and real interest rate, nominal and real exchange rate, Savings=Investment+Government Déficit – Current Account Deficit

Cartoon The Optimist and Boom and bust cycle

OUTLINE OF INTRODUCTORY MACRO COURSE (Spring 2010) new textbook 2^nd edition of the Krugman-Wells, 2009 as announced in message dated 12 September (updated October 14) for those considering the course: “Due to the success of last years’ pop quiz and extra-credit questions (let alone the video clips), more is envisaged this Spring, including the possibility of adopting a new textbook and some lectures in English. Watch this space!”

The optimist (link from FT or here pdf in black and white)
Fear the boom and bust rap anthem (lyrics)
February 10 Letter to Queen and Diario de Noticias report

INTRODUCTION TO MACROECONOMICS, Spring 2009.

In 2007/08 Luís Campos e Cunha and I agreed to teach the introductory macro course from a single syllabus and I give a couple of lectures in each other’s class. In the Fall I gave two lectures on growth and development.

In Spring 2006 I offered the required course in macroeconomics in the MBA Program, to one of the most exciting group of students ever (classes regularly went beyond the allowed time...).
The mid-term exam also captures the flavor of the exercise.
This course was offered again in Spring 2007, to a similarly exciting group. In Spring 2008 I plan to return to undergraduate teaching as described below.

History
Teaching macroeconomics at Nova began with an offer I could not refuse. Upon my return from serving as Minister of Finance in January 1994, Fernando Brito Soares, then dean of the faculty, invited me to prepare an introductory course. Some four years later, the director of graduate studies asked me to think about the graduate macroeconomics sequence. Before my public service leave at the OECD (1999-2004), I was offering two required courses in the department of economics at Nova, as described below. In 2005, while I was at the Tropical Research Intitute, Luís Campos e Cunha, dean of the faculty before he became Minister of Finance, and the director of undergraduate studies persuaded me to offer the introductory course again in the Spring of 2006 along the lines I has done previously. This involved combining open-economy macroeconomics with an awareness of policy-making institutions. As it turned out, the approach was compatible with that of André Castro e Silva, who offered the course during the first semester. In addition Luís Brites Pereira who had been my teaching assistant and who meanwhile got his Ph.D helped us compare notes and exchange a couple of lectures across semesters. Indeed the syllabus was housed on his website, with some inspiration from the course I offered in 1999, which featured field visits to

In Spring 2008 I was assigned the introductory macro course, who will also be offered by Luís Campos e Cunha. This coincidence will not doubt allow some additional innovation in materials and methods. Watch this space!

Introduction to Macroeconomics

In the Summer of 1998, as I was preparing to teach the first course of the graduate sequence on macroeconomic theory, I gathered programs from leading economics departments in the US and found that several shared the emphasis on open economy macroeconomics and political economy models which I have used in the course on International Finance since the Spring of 1997. This path proved fruitful in 1998/99 even though it required some adaptations to the original program which were followed in the 1999/2000, after some consultations at the margin of the 1999 Summer Institute with João Gomes, who was assigned the second semester. The syllabus is available below:

Macroeconomic Theory I

In February 2003, I offered a required course at Sciences Po, given in the Fall by Jean-Paul Fitoussi. During the first class, on February 23, 2004 I motivated economics as "putting the house in order". The introduction and plan is available below:

Foundations of economic policy and globalisation, at Sciences Po

I describe my approach of "macroeconomics for people"

Students see me hitting them over the head with a mace looking like the former prime minister

Special assignments in 1998/99, adapting the same approach

· Macroeconomics and Information Technology

Special assignments in 1997/98, adapting the same approach

· Macroeconomics and Information Technology

· Macroeconomics and Foreign Aid

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