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)	Dr. Erinda Imeraj eimeraj@epoka.edu.al
Main Course Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Dr. Erinda Imeraj eimeraj@epoka.edu.al , Friday 10:00- 11:00
Second Course Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Compulsory
Study program: (the study for which this course is offered)	Bachelor in Economics (3 years)
Classroom and Meeting Time:	Tuesday 09:40/ E 313
Teaching Assistant(s) and Office Hours:	NA
Code of Ethics:	Code of Ethics of EPOKA University Regulation of EPOKA University "On Student Discipline"
Attendance Requirement:	75%
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.

BASIC CONCEPTS OF THE COURSE

1	Economic Growth
2	Capital Accumulation
3	Population Growth
4	Technology
5	Economic Fluctuations
6	IS–LM Model
7	Open Economy Revisited
8	The Mundell–Fleming Model
9	Exchange-Rate Regime
10	International trade

COURSE OUTLINE

Week	Topics
1	Introduction to teaching method, implementation of the course and summary of topics: An introduction of each topic which will be lectured during the semester weeks, also the material needed and the requirements to succeed the course.
2	Chapter 8. Economic Growth I: Capital Accumulation and Population Growth: Our main task in this chapter and the next is to develop a theory of economic growth called the Solow growth model. (pg. 211)
3	Chapter 9. Economic Growth II: Technology, Empirics, and Policy: In previous chapter we developed the Solow model to show how changes in capital (through saving and investment) and changes inthe labor force (through population growth) affect the economy’s output. We are now ready to add the third source of growth—changes in technology—to the mix. (pg. 241)
4	Practical Sessions: Sessions of exercises and case discussions, which face to the students the practical side of the lectures.
5	Chapter 10: Introduction to Economic Fluctuations: In this chapter, we take onthree tasks. First, we examine the data that describe short-run fluctuations. Second, we discuss the keydifferences between how the economy behaves in the long run and how it behaves in the short run. Third, weintroduce the model of aggregate supply and aggregate demand, which most economists use to explain short-run fluctuations. Developing this model in more detail will be our primary job in the chapters that follow. (pg. 281)
6	Practical Sessions: Sessions of exercises and case discussions, which face to the students the practical side of the lectures.
7	Chapter 11: Aggregate Demand I: Building the IS–LM Model: In this chapter and the next, we continue our study of economic fluctuations by looking more closely ataggregate demand. Our goal is to identify the variables that shift the aggregate demand curve, causingfluctuations in national income. We also examine more fully the tools policymakers can use to influence aggregate demand. (pg. 311)
8	Open Topic Discussion and Practical Sessions: Sessions of exercises and case discussions, which face to the students the practical side of the lectures.
9	Midterm Exam
10	Chapter 12: Aggregate Demand II: Applying the IS–LM Model. Throughout this chapter we will see that the model can also be used to shed light on more recent fluctuations in the economy;two case studies in the chapter use it to examine the recessions that began in 2001 and 2008. (pg. 337)
11	Chapter 13: The Open Economy Revisited: The Mundell–Fleming Model and the Exchange-Rate Regime: In this chapter we extend our analysis of aggregate demand to include international trade and finance. Themodel developed here, called the Mundell–Fleming model, has been described as “the dominant policy paradigm for studying open-economy monetary and fiscal policy.” (pg. 367)
12	Practical Sessions: Sessions of exercises and case discussions, which face to the students the practical side of the lectures.
13	Case Study Discussions: Discussion of Real Case Studies.
14	Case Study Discussions: Discussion of Real Case Studies.

Prerequisite(s):	Knowledge of principles of micro and macroeconomics.
Textbook(s):	Mankiw, N. G., 2019, Macroeconomics, 10th Edition, Macmillan Learning, New York.
Additional Literature:	Lecturers Presentations/ Notes
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	30
Lab/Practical Exams(s)	3	5
Case Study	1	10
Final Exam	1	45
	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

CONCLUDING REMARKS BY THE COURSE LECTURER

In conclusion, Macroeconomics 2 has provided students with a comprehensive understanding of macroeconomic models, fostering critical thinking and ethical considerations in economic analysis.