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:	Arjona Çela , By appointment
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:	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	Welcome and Syllabus
2	Chapter 2. Measuring Macroeconomic Data
3	Chapter 4. Saving and Investment in Close and Open Economies
4	Chapter 3. Aggregate Production and Productivity
5	Chapter 6. The Sources of Growth and the Solow Model
6	Chapter 7. Drivers of Growth: Technology, Policy, and Institutions
7	Quizz and Chapter 10 Monetary Policy and Aggregate Demand
8	Midterm exam
9	Chapter 11. Aggregate Supply and the Phillips Curve
10	Chapter 12. The Aggregate Demand and Supply Model
11	Chapter 16. Fiscal Policy and the Government Budget
12	Chapter 17. Exchange Rates and International Economic Policy
13	Chapter 20. The Labor Market, Employment, and Unemployment
14	Review for the Final exam

Prerequisite(s):	Knowledge of principles of micro and macroeconomics.
Textbook:	Macroeconomics: Policy and Practice - 2nd Edition; Frederic S. Mishkin
Other References:
Laboratory Work:	N.A.
Computer Usage:	N.A.
Others:	No

COURSE LEARNING OUTCOMES

1	Students will use macroeconomics knowledge to understand the macroeconomic issues
2	They will learn macroeconomic models of growth, aggregate demand, aggregate supply, open economy, and other extensions
3	They will learn about open economy with government intervention using fiscal policy
4	Students will learn the macroeconomic equilibrium using diagrams
5	They will learn how to end the recessionary and inflation gap using fiscal policy
6	They will learn how monetary policy transmission effectively stabilize the inflation
7	Students will learn the money multiplier and quantitative theory of money
8	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 Economics (3 years) Program
1	Students define the fundamental problems of economics	5
2	Students describe key economic theories	4
3	Students critically discuss current developments in economics	3
4	Students appropriately use software for data analysis	3
5	Students critically contextualize the selection of an economic problem for research within scholarly literature and theory on the topic	4
6	Students apply appropriate analytical methods to address economic problems	4
7	Students use effective communication skills in a variety of academic and professional contexts	4
8	Students effectively contribute to group work	3
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	35
Quiz	1	10
Final Exam	1	40
Attendance		15
	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