COURSE INFORMATION
Course Title: APPLIED MACROECONOMICS
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
ECO 404 B 2 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: Patrice Kandolo Kabeya , 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: E213
Course Description: -
Course Objectives: This course takes an intermediate level approach to macroeconomic theory and its applications, building on the foundations developed in the macroeconomics. It will provide analytical tools and formal models to explain the behavior of output, inflation, employment, interest rates, exchange rates, and other aggregate economic quantities. This set of tools is used to understand current economic issues, forecast the behavior of the economy, and assess the impact of policy choices.
COURSE OUTLINE
Week Topics
1 Course Syllabus and detailed discussion about the course structure and semester work schedule including evaluation criteria
2 The Behavior of Interest Rates
3 The International Financial System and the Balance of Payments
4 Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment
5 The Dynamics of Output, Unemployment, and Inflation
6 Macroeconomic Policy- Monetary Policy
7 Fiscal Policy
8 Midterm Exam
9 Project Presentation and critical reviews
10 Project Presentation and critical reviews
11 Project Presentation and critical reviews
12 Project Presentation and critical reviews
13 Project Presentation and critical reviews
14 Project Presentation and critical reviews
Prerequisite(s): n/a
Textbook: N. Gregory Mankiw.(2013). Macroeconomics, 8th ed., ISBN 1464119821 Kevin D. Hoover. (2012). Applied Intermediate Macroeconomics, Cambridge University Press, ISBN 978-0-521-76388-2 Hardback
Other References: Krugman, P. Wells, R. (2012) Macroeconomics, Second Edition in Modules.. ISBN-13: 978-1-4292-8729-6 Parkin, M.(2012). Macroeconomics, 10th Ed. ISBN 978-0-13-139445-2
Laboratory Work: n/a
Computer Usage: n/a
Others: No
COURSE LEARNING OUTCOMES
1 To acquire the ability to examine the macro economics theories
2 To acquire necessary skills to analyze macroeconomics subjects
3 Ability to understand and apply analytical tools and formal models in explaining the behavior of output, inflation, employment, interest rates, exchange rates, and other aggregate economic quantities.
4 Ability to choose the best economics policies for solving the problems which are faced in daily economic life and to decide which policy should be choosen for what kind of economics problems
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. 4
2 They have knowledge about the microeconomics. 3
3 They have knowledge about the macroeconomics. 5
4 They have knowledge about the international economics and finance. 5
5 They have ability to use mathematical and statistical methods in economics. 4
6 They know how to use computer programs in both daily office usage and statistical data evaluations in public and private sector. 2
7 They have necessary economics skills that needed in private and public sector. 5
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, 5
9 They have ability to utilize fundamental economic theories and tools to solve economic problems in economics. 5
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
Presentation
1
20
Project
1
40
Final Exam
1
40
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 20 20
Assignments 0
Final examination 1 20 20
Other 15 2 30
Total Work Load:
150
Total Work Load/25(h):
6
ECTS Credit of the Course:
6