COURSE INFORMATION
Course Title: MACROECONOMICS
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
ECO 206 B 4 3 0 0 3 5
Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature) NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours: Naqeeb Ur Rehman , 9.30 - 17.30
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours: NA
Teaching Assistant(s) and Office Hours: NA
Language: English
Compulsory/Elective: Compulsory
Classroom and Meeting Time: E214
Course Description: Macroeconomics: The aim of this course is to introduce the basic concepts of macroeconomic analysis. The course presents the theory of short-run economic fluctuations which provides the basis for understanding most discussions of monetary and fiscal policy. Also the course gives ample attention to long-term topics including economic growth, the natural rate of unemployment, persistent inflation and government debt. Topics include money supply and money demand, the open economy, the theory of economic fluctuations and debates over various macroeconomic issues. Macroeconomics is a theoretical as well as an empirical discipline, motivated and guided by a wide array of experience. In line with this approach, the course is conducted on the basis of examples related to current issues in Albania.
Course Objectives: By analyzing macro economic theories, discussing the validity of macroeconomic topics is the aim of this course. It is concerned with the study of real life economic issues and problems. Thus, in this course, the examples from real life will be introduces to the students. It deals with national income, employment and so on. The aim of the class is to develop some basic concepts and tools to study macroeconomics.
COURSE OUTLINE
Week Topics
1 Introduction to Macroeconomics: Summary of topics and teaching method
2 Overview of macroeconomics – measuring a nations income
3 Overview of macroeconomics – measuring a nations income
4 Measuring the cost of living
5 Production and growth
6 Production and growth
7 Saving, Investment and financial system and review and practical session before mid-term exam
8 Mid-term exam
9 Unemployment
10 The monetary system and Money growth and inflation
11 The monetary system and Money growth and inflation
12 Open economy macroeconomics- basic concepts
13 Aggregate demand and aggregate supply
14 Review and practical session before final exam
Prerequisite(s): n/a
Textbook: Economics, Lipsey and Chrystal, 13th edition, oxford publisher
Other References:
Laboratory Work: n/a
Computer Usage: n/a
Others: No
COURSE LEARNING OUTCOMES
1 Students will learn about how to measure GDP and inflation
2 They will learn about major economic issues and what are the limitations of GDP
3 They will learn about simple macroeconomic model using spending, consumption and investment
4 Students will learn about macroeconomic equilibrium using AD and SRAS curve
5 Price and GDP in the long run using curves
6 How fiscal and monetary policy eliminate output gaps in the economy
7 Monetary policy using competitive banking role in the economic growth
8 Money multiplier
9 IS and LM model
10 Review
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
Bachelor in International Marketing and Logistics Management (3 years) Program
1 Identify activities, tasks, and skills in management, marketing, accounting, finance, and economics. 5
2 Apply key theories to practical problems within the global business context. 5
3 Demonstrate ethical, social, and legal responsibilities in organizations. 5
4 Develop an open minded-attitude through continuous learning and team-work. 4
5 Use technology to enable business growth and sustainability. 4
6 Synthesize creativity needed for marketing notion with scientific method and numerical skills, for achieving business sustainability. 4
7 Apply the concepts and structures of modern marketing in global context at private and public sectors. 5
8 Integrate the management of logistics, supply chain and in total operations with corporate goals and strategies. 5
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
35
Quiz
2
10
Final Exam
1
40
Attendance
5
Total Percent: 100%
ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)
Activities Quantity Duration(Hours) Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 3 48
Hours for off-the-classroom study (Pre-study, practice) 16 2 32
Mid-terms 1 10 10
Assignments 0
Final examination 1 15 15
Other 5 4 20
Total Work Load:
125
Total Work Load/25(h):
5
ECTS Credit of the Course:
5