COURSE INFORMATION
Course Title: APPLIED MACROECONOMICS
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
BAF 507 D 3 3 0 0 3 7.5
Lecturer and Office Hours: Erinda Imeraj Monday 13:30-14:30
Second Lecturer(s): NA
Teaching Assistant(s) and Office Hours: NA
Language: English
Compulsory/Elective: Elective
Classroom and Meeting Time: E212
Course Description: This is a topics course intended to extend the basic intermediate macro course with some major later developments in theory and applications. This course is meant to train students to think in a structured, analytically rigorous way about macroeconomic questions.
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 and methodology
2 Measuring Economic Activity and National Income
3 Money , Inflation and the Open Economy
4 Economic Growth: Capital Accumulation, Population Growth and Technology
5 Unemployment and Economic Fluctuations
6 Aggregate Demand I: Building the IS–LM Model
7 Aggregate Demand II: Applying the IS–LM Model
8 Midterm Exam
9 Case Studies Presentation
10 Case Studies Presentation
11 Case Studies Presentation
12 Case Studies Presentation
13 Case Studies Presentation
14 Case Studies Presentation
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.
MSc BAF 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. 4
2 They have knowledge about the finance and banking. 4
3 They have knowledge about the money and banking. 4
4 They have knowledge about the international finance and banking. 3
5 They have ability to use mathematical and statistical methods in banking and finance. 3
6 They know how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department. 3
7 They have necessary banking and finance skills that needed in private and public sector. 4
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. 4
9 They have ability to utilize fundamental economic theories and tools to solve economic problems in banking and finance. 4
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. 4
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
40
Case Study
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