COURSE INFORMATION Course Title: ALBANIAN ECONOMY I

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 415	B	1	3	0	0	3	6

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:	Eglantina Hysa
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:	Elective
Classroom and Meeting Time:
Course Description:	-
Course Objectives:	This course aims to increase student’s knowledge and understanding of Albanian economy. Albanian economy went to a process of transition from a centrally planned economy to a market economy and it is still considered as a transition country. The economy is dominated by agriculture but service and tourism are very important. This course will cover macroeconomic as well as sectorial topics and will introduce students with the current situation of the economy.

COURSE OUTLINE

Week	Topics
1	Albanian Economy in a historical perspective
2	Macroeconomic policy: monetary policy and the central bank
3	Macroeconomic policy: fiscal policy: taxation and budget expenditures
4	Macroeconomic policy: inflation, interaction of monetary and fiscal policy
5	Macroeconomic policy: stability, growth, external balance and debt sustainability
6	Political economy, political business cycles and economic determinants
7	Crises of the Albanian economy
8	Albanian economy from an institutionalist perspective: role of private and public institutions
9	Transition from centrally planned economy to market economy
10	Sources of growth and growth financing - savings, investment, capital accumulation, foreign capital inflows, FDI
11	Remittances as an important factor of Albanian economy
12	Agriculture
13	Growth, productivity and employment in agriculture
14	Growth , manufacturing and services

Prerequisite(s):
Textbook:	There is no required textbook of the course. Course readings will be made available by the lecturer.
Other References:
Laboratory Work:
Computer Usage:
Others:	No

COURSE LEARNING OUTCOMES

1	Students will be able to learn and understand Albanian economy.
2	They will be able get a deeper understanding of the economic problems faced by the country.
3	Understand the key institutions and sectors of the Albanian economy.
4	Analyze political and economic developments in Albania from a historical perspective.
5	Understand how service sector, education, and tourism operates in Albania

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Master of Science in Economics Program
1	The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in economics but also to construct a model and defend in meaningful way.	5
2	They have knowledge about the microeconomics.	4
3	They have knowledge about the macroeconomics.	4
4	They have knowledge about the international economics and finance.	4
5	They have ability to use mathematical and statistical methods in economics.	2
6	They know how to use computer programs in both daily office usage and statistical data evaluations in public and private sector.	3
7	They have necessary economics skills that needed in private and public sector.	4
8	They are intended to be specialist in one of departmental fields that they choose from the list of general economics, growth and development, labor economics and labor market, environmental economics, agricultural economics, health economics, education economics and human development, political economics, international economics, monetary economics, finance economics, public finance, international financial markets and institutions, banking and central banking, international trade and banking, monetary economics and banking,	4
9	They have ability to utilize fundamental economic theories and tools to solve economic problems in economics.	3
10	They are aware of the fact that economics is a social science and they respect the social perspectives and social values of the society’s ethics.	4

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	40
Presentation	1	10
Final Exam	1	40
Attendance		10
	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	3	48
Mid-terms	1	12	12
Assignments			0
Final examination	1	20	20
Other	2	11	22
Total Work Load:			150
Total Work Load/25(h):			6
ECTS Credit of the Course:			6