Download Reference: Lesson 1: Growth and the Business Cycle in the Spanish

COURSE SYLLABUS
AREA 0 CLASSES
11 classes of 45’
Reference:
Departmento de Economía UCIIIM (2007) Notes and exercises for the classes of The Spanish
Economy: 2007/2008.
1.- National Economic Accounts (6 x 45’)
2.- Indexes and Deflators (2 x 45’).
3.- The Lorenz Curve and the Gini index (2 x 45’).
4.- Public Debt Sustainability (1x45’)
AREA 1 GROWTH AND THE BUSINESS CYCLE
Lesson 1: Growth and the Business Cycle in the Spanish Economy
11 lectures of 45’
References:
AB:
DR:
DG:
GD:
GM:
H:
Abel, Andrew B. y Bernanke, Ben S. (2004) Macroeconomía: Primeros Conceptos. Pearson.
de la Dehesa Romero, G. (2003) Balance de la Economía Española en los Últimos Veinticinco
Años, Información Comercial Española, Diciembre.
Díaz-Gimenez, Javier (1999) Macroeconomía: Primeros Conceptos. Bosch.
García-Delgado, Myro, y Martínez-Serrano (2001) Lecciones de Economía Española. Cívitas.
García Montalvo , J. (2004) La Vivienda en España: Desgravaciones, burbujas y otras historias.
inédito.
Herce, J.A. (2004) Las Fuentes de Crecimiento de la Economía Española Entre 1960 y 2003,
Fedea Brief, Febrero 2004.
Scheme:
1
2
3
Basic notions: Income, production and expenditure (DG, Ch. 2, §1,2,3) (2x45')
Growth and the Business Cycle in Spain (6x45’)
1.1
Long-Term Features (45’)
1.1.1 Main Structural Changes (GD, Ch. 2, §4: Tables 3y 4) (15')
1.1.2 Growth Components (H) (30')
1.2
The Business Cycle (2x45')
1.2.1 A Simple Supply-Demand Macro Model( DG, Ch. 14, §1 & §2)
(30')
1.2.2 Main Phases (GD, Ch. 2, §2: Figure 1) (30')
1.2.3 The Spanish Real Business Cycle (DG, Ch 9, §4)(30')
1.3
The Spanish Economy in the last 25 years (DR) (3x45')
Sectoral Case Studies: (3x45’)
3.1
Housing growing prices (GM) (3x45’)
AREA 2 THE LABOR MARKET AND INCOME DISTRIBUTION
Lesson 2: The Labor Market
7 lectures of 45’
References:
AA:
AM:
BJ:
GD:
MM:
T:
Alba, A. (2000), La riqueza de las familias, ed. Ariel.
Albarrán, P. & R. Mora (2004), Data03.xls, mimeo.
Bentolila, S. & Jimeno, J. F. (2002), “La reforma de la negociación colectiva en España", en J.
Aurioles y E. Manzanera (eds.), Cuestiones clave de la economía española, centrA
García-Delgado, Myro, & Martínez-Serrano (2001) Lecciones de Economía Española.
Cívitas.
Martínez-Granado, M. & R. Mora (2000), Notas sobre el mercado de trabajo, mimeo.
Toharia, L. (1998) El mercado de trabajo en España, McGraw-Hill.
Scheme:
1
The Spanish Labor Market: Stylized Facts
1.1
Basic Notions: Activity and Unemployment Rates (GD, Ch. 11, Box 1,
T, Ch. I, §I.2.4b) (15’)
1.2
General Trends. (T, Ch. I, §I.2.1, Figure I.6 e I.7, AM) (15’)
1.3
Activity and Employment (AM)
1.3.1 Differences in Activity by Gender and Age (T, Ch. I, §I.2.2,
Figures I.8. a I.10)(15’)
1.3.2 Hours of Work: Part-Time Jobs (T, Ch. I, §I.2.3d Figure I.18)
(10’)
1.3.3 Type of Contract: Fixed-Term Contracts (T, Ch. I, §I.2.3e Figure
I.21 and Table I.2) (20’)
1.3.4 Gender Occupational Segregation (AA, pp. 95:108) (15’)
1.4
Unemployment (AM)
1.4.1 Differences by Gender and Age (T, Ch. I, §I.2.4d Figures I.31,
I.33 y I.34) (15’)
1.4.2 Long-Term Unemployment (T, Ch. I, §I.2.4e Figure I.38) (15’)
1.4.3 Regional Differences (T, Ch. I, page 72 and Table I.5) (15’)
2
Other Issues
2.1
The Gender Wage Gap (graph and page 108-122 AA) (45’)
2.2
Wage Bargaining and Reforms of the Labor Market (BJ, pp. 1:11) (45’)
3
The Causes of Unemployment in Spain
3.1
Unemployment and Hysteresis
3.1.1.1 Basic Concepts: Suply and Demand of Labor: market
clearing. (only for Diplomatura) (MM)
3.1.1.2 A model of collective bargaining (MM) (45’)
3.2
The Sources of Unemployment (T, Cap. IV)(45’)
Lesson 3: Income Distribution
5 lectures of 45’
References:
AB:
Abel, Andrew B. y Bernanke, Ben S. (2004) Macroeconomía: Primeros Conceptos. Pearson.
CLM: Cutanda, A., Labeaga, J. M y Mochón, F. (2006) Desigualdad en consumo y renta en España
y su relación con algunas variables demográficas, inédito.
F:
de la Fuente, A. (1998) ¿Convergencia real? España en la OCDE, Moneda y Crédito, 207,
pp.11:57.
GD:
García-Delgado, Myro, y Martínez-Serrano (2001) Lecciones de Economía Española. Cívitas.
Scheme:
1
Economic Growth and Real Convergence
1.1
The Sources of Real Convergence (GD, Cap. 15, §1) (30')
1.2
Spain and the OCDE (F, pp.11:18) (15')
1.3
Regional Convergence in Spain (GD, Cap 15, §2) (30')
2
Inequality in Spain
2.1
Personal Distribution of Income: International Comparisons (GD, Cap.
14, §4 y cuadro 3) (15')
2.2
An Intertemporal Model of Consumption (AB, Appendix 4.A, CLM)
(2x45’)
2.3
Inequality in Spain and its Relation to Some Demographic Variables
(based on CLM and slides) (45’)
AREA 3 RELATIONS WITH THE REST OF THE WORLD
Lesson 4: Foreign Trade, Exchange Rates, and Competitiveness
10 lectures of 45’
References:
BE:
Banco de España (2005) El Análisis de la Economía Española, Alianza Editorial.
BG:
Barro, Robert J. y Grillo, Vittorio (1994) European Macroeconomics. MacMillan Press.
FM:
Maeso, F. (2001) La Evolución del Euro en los mercados de cambio Economistas: España 2000.
Un balance, número Extra, pp. 52:63.
GD:
García-Delgado, Myro, y Martínez-Serrano (2001) Lecciones de Economía Española. Cívitas.
M:
Martín (1997) España en la nueva Europa. Alianza Economía.
1
2
3
Stylized Facts of Spanish Foreign Trade (3x45’)
1.1 Geographic Distribution (GD, Cap. 16, §5) (45’)
1.2 Foreign Trade Evolution: (2x45’)
1.2.1 Aggregate Trends (M, pp.184:189)
1.2.2 Grubel and Lloyd Index (M, pp 194)
1.2.3 Intraindustry Trade (M, cuadros 8.6 y 8.7)
1.2.4 Trade Specialization (GD, Cap. 16, §6, M, cuadro 8.5)
Exchange Rates (2x45’)
2.1 Interest Rate Parity Condition (BG, Ch. 11, §3) (45’)
2.2 Evolution of the Euro exchange rate in the Foreign Exchange
Markets (FM) (45’)
Competitiveness (3x45’)
3.1 Competitiveness Indicators (BE, Ch.17, Tables 1,2, Graph 1) (45’)
3.2 Sectoral Specialization (BE, Ch. 17, §4) (2x45’)
AREA 5 ANALYSIS OF POLICIES
Lesson 5: Fiscal Policy in Spain
5 lectures of 45’
Reference:
BE:
Banco de España (2005) El Análisis de la Economía Española, Alianza Editorial.
1
2
3
4
5
The Public Sector Accounts (BE, Ch. 9, Table 1) (45’)
The Impact of Economic Activity on the Public Sector Balance (BE, Ch.
9, §3, Table 3) (45’)
The Impact of the Fiscal Policy on the Economic Activity (BE, Ch. 9, §4)
(45’)
Public Debt Sostenibility (BE, Ch. 9, §5) (45’)
Evaluation of Public Interventions (BE, Ch. 9, §6) (45’)