COURSE INFORMATION
Course Title: APPLIED MACROECONOMICS
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
ECO 404 B 2 3 0 0 3 7.5
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: Erinda Imeraj , 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: E110
Course Description: This is a topics course intended to extend the basic intermediate macro course with some major later developments in theory and applications, through the examines of the big- picture issues. This course is meant to train students to think in a structured, analytically rigorous way about macroeconomic questions. The emphasis is on practical approaches and on the use of macroeconomic theory to understand real-world policy debates.
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 Syllabus, course introduction
2 Economic Theory Review
3 Economic Theory Review (continued)
4 Economic Research Methodology
5 Economic Research Methodology (continued)
6 Modeli Kynesian-ist i Ekuilibrit Makroekonomik-1
7 Case Studies Presentation
8 Case Studies Presentation
9 Modeli Kynesian-ist i Ekuilibrit Makroekonomik-2
10 Money and Inflation
11 Economic Growth 1
12 Economic Growth 2
13 Aggregate Demand I: Building the IS–LM Model
14 Aggregate Demand II: Applying the IS–LM Model
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 Students apply advanced knowledge in economics 5
2 Students explain the interaction between related disciplines and economics 5
3 Students apply scientific methods to address economic problems 5
4 Students define existing theory in a specialized branch of economics 5
5 Students critically evaluate knowledge in economics and carry out advanced research independently 5
6 Students develop economic models and formulate policy options 5
7 Students make an original contribution to the discipline 5
8 Students effectively communicate in a variety of professional and academic contexts 5
9 Students will develop new strategic approaches for unexpected, complicated situations in economics and take responsibility in solving them 5
10 Students uphold and defend ethical values data collection, interpretation and dissemination 5
11 Students use advanced empirical analyses to address social problems 5
12 Students interact with professional networks in their field of specialization 5
COURSE EVALUATION METHOD
Method Quantity Percentage
Case Study
1
40
Final Exam
1
40
Attendance
20
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:
7.5