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Course description

Competencies and objectives


Course context for academic year 2022-23

This subject is the second one in the degree of Business Administration and Management in the sequence of Macroeconomics, being the continuation of Introduction to Macroeconomics studied during the second semester of the first year.

It belongs to the category of Economic Analysis.

The aim is to provide the student with the basic knowledge, theoretical and empirical, to understand and analyse the main economic problems of an economy at the aggregate level in the long run (economic growth) and in the short run (economic fluctuations) by means of the use of simple models. It begins with the study of the main determinants of income levels and the analysis of the international discrepancies in the levels of per capita income and productive capacity in the long run. Then it tackles the problem of fluctuations of the main macroeconomic variables around their respective long run values. In this context it studies the dynamics of inflation, interest rates and unemployment rates, explaining the economic policy means that can be used to stabilize the economy.



Course content (verified by ANECA in official undergraduate and Master’s degrees)

General Competences (CG)

  • CG3 : Capacity for self-learning.
  • CG8 : Analyse problems using critical reasoning, without prejudices, precisely and rigorously.
  • CG9 : Capacity to synthesise.


General Competences acquired at University of Alicante (CGUA)

  • CGUA3 : Capacity for oral and written communication.


Specific Competences (CE)

  • CE4 : Issue consultancy reports on specific business and market situations.
  • CE6 : Understand economic institutions as the result and application of theoretical or formal representations of how the economy works.




Learning outcomes (Training objectives)

No data



Specific objectives stated by the academic staff for academic year 2022-23

  • To understand the main determinants of international differences in per capita incomes and growth rates in the long run.
  • To understand the main determinants of economic fluctautions in the short run and the adjustment processes of macroeconomic varibales towards their long run equilibrium levels.
  • To be able to explain the facts that originated the recent international financial crisis and the Great Recession at the global level using the short run model. 




Code: 22017
Lecturer responsible:
Credits ECTS: 6,00
Theoretical credits: 1,50
Practical credits: 0,90
Distance-base hours: 3,60

Departments involved

    Theoretical credits: 1,5
    Practical credits: 0,9
    This Dept. is responsible for the course.
    This Dept. is responsible for the final mark record.

Study programmes where this course is taught