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 , 9:00 TO 5:00PM
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:
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:	This is one of the two macroeconomics courses that the students of faculty of economics and administration sciences are required to take. This course will teach students the basic tools of macroeconomics and apply them to real world economic policy. The goals of the course are for students to (a) understand how to evaluate macroeconomic conditions such as unemployment, inflation, and growth (b) understand how monetary policy and fiscal policy can be used to influence short-run macroeconomic conditions 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	What is macroeconomics? Major economic issues
2	Measurement of national output (GDP), Nominal and real GDP
3	A basic model of the determination of GDP, Temporary assumptions
4	Aggregate spending, Shifts in the aggregate spending, The multiplier
5	Quiz#1 & National income and its determinants
6	GDP and the price level in the short and long run
7	Mid Term
8	The money multiplier, competitive banking and numerical problems
9	Inflation, its causes, effects and social costs
10	The open economy
11	Quiz#2 The open economy (continued)
12	Unemployment
13	Unemployment (Continued)
14	Review before final exam

Prerequisite(s):	Knowledge of microeconomics
Textbook:	1. Lipsey & Chrystal, Economics, 12th Edition, Oxford Publisher
Other References:	N.G.Mankiw, Macroeconomics, 7th ed., Worth Publishers
Laboratory Work:
Computer Usage:
Others:	No

COURSE LEARNING OUTCOMES

1	Students will use macroeconomics knowledge to understand the macroeconomic issues
2	They will learn the simple macroeconomic model using aggregate demand and investment functions
3	They will understand the difference between real and nominal GDP
4	Students will learn how to construct CPI and measure inflation
5	They will learn about open economy with government intervention using fiscal policy
6	Students will learn the macroeconomic equilibrium using diagrams
7	They will learn how to end the recessionary and inflation gap using fiscal policy
8	They will learn how monetary policy transmission effectively stabilize the inflation
9	Students will learn the money multiplier and quantitative theory of money
10	They will learn how monetary policy effectively stabilize the exchange rate

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

No	Program Competencies	Cont.
Bachelor in Banking and Finance (3 years) 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 banking and finance but also to construct a model and defend in meaningful way.	2
2	They have knowledge about the finance and banking.	1
3	They have knowledge about the money and banking.	1
4	They have knowledge about the international finance and banking.	1
5	They have ability to use mathematical and statistical methods in banking and finance.	1
6	They know how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department.	1
7	They have necessary banking and finance skills that needed in private and public sector.	1
8	They are intended to be specialist in one of departmental fields that they choose from the list of general economics, finance economics, public finance, corporate finance, finance management, international finance markets and institutions, banking and central banking, international finance and banking, money and banking, international trade and banking.	1
9	They have ability to utilize fundamental economic theories and tools to solve economic problems in banking and finance.	2
10	They are aware of the fact that banking and finance is a social science and they respect the social perspectives and social values of the society’s ethics.	1

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	5	5
Assignments	1	6	6
Final examination	1	14	14
Other	2	10	20
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			5