COURSE INFORMATION Course Title: FISCAL POLICY

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 342	B	6	3	0	0	3	6

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:	Erjon Gjoçi , Mondays - 10am-11am - or by appointment
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:
Teaching Assistant(s) and Office Hours:	Halisa Babasi
Language:	English
Compulsory/Elective:	Elective
Classroom and Meeting Time:	Online
Course Description:	Examining about Public finance, definition and aim of fiscal policy, giving method of fiscal policy. Analyzing fiscal policy for inflation, deflation, instability and stagflation.
Course Objectives:	Evaluate the effectiveness of fiscal policy through consideration of factors including, the ability to target sectors of the economy, the direct impact on aggregate demand, the effectiveness of promoting economic activity in a recession, and crowding out.

COURSE OUTLINE

Week	Topics
1	Welcome and Syllabus
2	Introduction to Fiscal Policy
3	Sources of government revenue
4	Types of government expenditure
5	Discussion & Case Study
6	Fiscal Policy Review - Midterm
7	Midterm
8	The Budget Outcome
9	Evaluation of fiscal policy
10	Case Study #1 and Discussion
11	Case Study #2 and Discussion
12	Case Study #3 and Discussion
13	Case Study #4 and Discussion
14	Semester Review for Final Exam

Prerequisite(s):	Macroeconomics
Textbook:	Macroeconomics: Policy and Practice - Second Edition Frederic S. Mishkin
Other References:
Laboratory Work:
Computer Usage:	Excel, Word, PowerPoint
Others:	No

COURSE LEARNING OUTCOMES

1	Evaluation of fiscal policy
2	Fiscal policy and the ability to target sectors of the economy
3	Fiscal policy impact on aggregate demand
4	Fiscal policy effectiveness of promoting economic activity in a recession
5	Fiscal policy and crowding out

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Bachelor in Banking and Finance (3 years) Program
1	The students gain the ability to look at the problems of daily life from a broader perspective with an increased awareness of the importance of moral/ethical considerations and professional integrity in the workplace.	5
2	They develop their knowledge and understanding of banking and finance including concepts, theories, and analytical tools that serve both in national and international markets.	5
3	They gain an understanding of the role of financial management in business firms and the essentials of corporate finance and further develop their knowledge in the field.	3
4	They are able to apply valuation models to estimate the price of different financial assets, measure risk and describe the risk-return tradeoff.	2
5	They are provided with the knowledge and understanding of the regulatory framework and functioning of banking system and central banking as well as international banking system.	2
6	They are able to understand and use fundamental economic theories and tools to solve economic problems in banking and financial services industry.	4
7	They have the ability to develop and utilize accounting, financial and economic data as well as other information to solve different business problems by making use of basic mathematical and statistical models.	5
8	They are expected to develop their numerical and IT skills as well as knowledge of databases in order to address the significant development in the delivery and use of financial services known as FinTech.	2
9	They develop their ability to think critically, do research, analyze, interpret, draw independent conclusions, and communicate effectively, both individually and as part of a team.	5
10	They are provided with opportunities to acquire the necessary skills and competencies to develop professionalism in the banking and financial services industry or to move on to further study within the discipline.	4

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	30
Presentation	2	10
Case Study	1	30
Final Exam	1	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	4	64
Hours for off-the-classroom study (Pre-study, practice)	2	20	40
Mid-terms	1	20	20
Assignments	1	6	6
Final examination	1	20	20
Other	0	0	0
Total Work Load:			150
Total Work Load/25(h):			6
ECTS Credit of the Course:			6