COURSE INFORMATION
Course Title: MACROECONOMICS
Code Course Type Regular Semester Lecture Recit. Lab Credits ECTS
ECO 206 B 4 - - - 3 5
Lecturer and Office Hours: Juliana Imeraj
Teaching Assistant(s) and Office Hours: -
Language: English
Compulsory/Elective: Elective
Classroom and Meeting Time: N/A
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: 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 Introduction to Macroeconomics: Summary of topics and teaching method
2 Overview of macroeconomics – measuring a nations income (chapter 10)
3 Overview of macroeconomics – measuring a nations income (chapter 10 continued)
4 Measuring the cost of living (chapter 11)
5 Production and growth ( chapter 12)
6 Production and growth ( chapter 12 continued)
7 Saving, Investment and financial system(chapter 13) and review and practical session before mid-term exam
8 Mid-term exam
9 Unemployment ( chapter 15)
10 The monetary system and Money growth and inflation ( chapter 16 and 17)
11 The monetary system and Money growth and inflation ( chapter 16 and 17 continued)
12 Open economy macroeconomics- basic concepts( chapter 18)
13 Aggregate demand and aggregate supply (chapter 20)
14 Review and practical session before final exam
Prerequisite(s):
Textbook: N. Gregory Mankiw-Principles of Macroeconomics , Sixth Edition -Cengage Learning (2011)
Other References: Economics, P.A.Samuelson-W.D.Nordhaus (Professors of Massachusetts Institute of Technology and Yale University ), 17th ed., McGraw-Hill Ins.,2005, web page:http://www.mhhe.com/economics/samuelson17/
Laboratory Work: N/A
Computer Usage: N/A
Others: No
COURSE LEARNING OUTCOMES
1 To acquire the ability to examine the macro economic theories.
2 To acquire necessary skills to analyze the basic subjects of macro economics
3 Ability to choose the best economic policies for solving the problems which are faced in daily economic life. And to decide which policy should be choose for what kind of economic problems.
4 Ability to compute the macroeconomic values and to analyze their effects.
5 Ability to discuss daily economic facts and to have knowledge about how to use the economic policies for different kind of situations.
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
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 10 10
Assignments
Final examination 1 15 15
Other 5 4 20
Total Work Load:
125
Total Work Load/25(h):
5
ECTS Credit of the Course:
5