COURSE INFORMATION
Course Title: MACROECONOMICS II
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
ECO 204 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 II: 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: Macroeconomics II provide deeper understanding of the macroeconomic theories such as saving and capital accumulation, technology and economic growth, open economy with floating exchange rate. At the end of this course, students would be able to have developed their critical understanding of above macroeconomic theories.
COURSE OUTLINE
Week Topics
1 Introduction
2 Balance of payment
3 Exchange rate
4 saving and capital accumulation
5 Technology and economic growth
6 IS-LM Model
7 Review
8 Mid Term
9 IS-LM model
10 Technological progress and wages and unemployment
11 Macroeconomics policy in an open economy
12 Macroeconomic policy in an open economy
13 Project presentation
14 Review Session
Prerequisite(s): Basic understanding of the macroeconomics-I
Textbook: MACROECONOMICS, Lipsey and Chrystal, 13th edition
Other References: Economics, Lipsey and Chrystal
Laboratory Work:
Computer Usage:
Others: No
COURSE LEARNING OUTCOMES
1 They should be able to critically evaluate the balance of payment
2 Students would be able to understand the capital movement and its impact on economic growth
3 The importance of IS/LM curves
4 saving and capital accumulation
5 Wages and unemployment
6 Technological innovation and economic growth
7 Data analysis using macroeconomic variables
8 Writing economic literature
9 Exchange markets
10 Growth and development
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
Bachelor in Economics (3 years) Program
1 Students define the fundamental problems of economics 5
2 Students describe key economic theories 5
3 Students critically discuss current developments in economics 5
4 Students appropriately use software for data analysis 5
5 Students critically contextualize the selection of an economic problem for research within scholarly literature and theory on the topic 5
6 Students apply appropriate analytical methods to address economic problems 5
7 Students use effective communication skills in a variety of academic and professional contexts 5
8 Students effectively contribute to group work 4
9 Students conduct independent research under academic supervision 4
10 Students uphold ethical values in data collection, interpretation, and dissemination 4
11 Students critically engage with interdisciplinary innovations in social sciences 3
12 Student explain how their research has a broader social benefit 4
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
30
Project
1
25
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) 1 20 20
Mid-terms 1 8 8
Assignments 1 32 32
Final examination 1 3 3
Other 1 14 14
Total Work Load:
125
Total Work Load/25(h):
5
ECTS Credit of the Course:
5