- Code
- CMP 214
- Name
- Macroeconomics
- Semester
- 4
- Lecture hours
- 2.00
- Seminar hours
- 0.00
- Laborator hours
- 2.00
- Credits
- 3.00
- ECTS
- 6.00
- Description
-
Basic concepts of economics and the operation of the economy at the national level. Production, distribution and consumption of goods and services, the role of government, national revenues and their distribution, GDP, consumption function, savings function, investment expenditure, multiplier principle and the influence of government expenditure on revenue and production. Monetary policy analysis, fiscal policy analysis, banking sector analysis and the State Reserve System.
- Objectives
- Java
- Tema
- 1
- Lesson 1 - Basic Principles -What is the difference between microeconomics and macroeconomics? -Basic macroeconomic decision-making choices: what, how and for whom to produce? -Participants in the market economy. -Basic concepts used in economic analysis. -Economic systems.
- 2
- Lesson 2 - Trade and Trade-Offs -Determination of resources used in the production of goods and services. -Productive opportunity frontier. -Productive efficiency. -Competitive advantages and benefits of trade. -Circulating flow of income, products and services in an economy.
- 3
- Lesson 3 - Supply and Demand -Production and resource markets. -Consumer demand and the "law of demand", the change of demand, the displacement of demand, the factors that change it. -Offer and the "law of supply", the change of supply, the displacement of supply and the factors that change it.
- 4
- Lecture 4- Macroeconomics-Complete Picture -Business cycles in the market economy. -Aggregate demand and aggregate supply components. -Shift of AD and AS curves. -Basics of macroeconomics. -Classical and neoclassical economics. -Wage and price inflexibility. -Concerns about inflation.
- 5
- Lecture 5 – Macroeconomics Measurements -Gross Domestic Product, measuring the output of an economy. -State sector. -Financial sector and sector intermediaries. -Three markets: the market of goods and services, the labor market and the money market. -Real GDP v.s nominal GDP. -Methods of measuring GDP -What is not included in GDP?
- 6
- Lecture 6- Unemployment and Inflation -How is the workforce defined, what is it? -Measuring unemployment and employment. -Types of unemployment. -Labor force participation rate -Unemployment and changes in the global economy.
- 7
- Review and Discussions
- 8
- Mid-term
- 9
- Lesson 7 - Measuring Inflation -What does inflation show for the economy of a country? -Real income versus nominal income. -Real interest rates and nominal interest rates. -Costs and effects of inflation.
- 10
- Lecture 8 - Fiscal Policy -Determination of fiscal policy; taxation and expenditures to achieve macroeconomic objectives. -Government expenditures and taxation. -Automatic stabilizers: income tax, unemployment insurance. -Discretionary taxation and spending policy. -Balance deficit and surplus.
- 11
- Lecture 9 - Money, Banking and the National Reserve System. -What is money? Money supply measurement levels M1 and M2. -Monetary role of banks.
- 12
- Lecture 10 - Monetary Policy -Structure of the national reserve system. -How the central bank regulates the money supply. -Federal funds. -The role of loans, debits and electronic money in the supply of money. -The role of financial intermediaries.
- 13
- Open Lecture – Film suggestion “Too big to fail", ose, “Inside Job”
- 14
- Lecture 11 - International Trade -History of trade agreements. -Deficit and trade surplus. -Competitive advantages and trade. -Foreign exchange rates. -Dimensions of gloablization.
- 15
- Review
- 16
- Final Exam
- 1
- Kuptueshmëri dhe kompetencë në përdorimin e terminologjisë makroekonomike
- 2
- Kuptueshmëri e funksionimit të bazave të ekonomisë dhe kompetëncë në mënyrën se si ato funksionojnë në nivel agregatë.
- 3
- Njohje e lidhjeve midis variablave makroekonomike .
- 4
- Aftësim në të lexuarit dhe interpretuarit e informacionit empiric tek të dhënat makroekonomike, grafiqet e paraqitura, tabelat, etj.
- 5
- SAnalizimi i burimit të prosperitetit afatgjatë dhe i faktorëve kontribues në rritjen afat-gjate ekonomike.
- 6
- Analzimi dhe kuptimi I luhatjeve afat-shkurtëra ekonomike dhe fitimi I kopetencës në mekanizmat e përdorura për të stabilizuar ekonominë, për të arritur punësim të plotë dhe inflacion të ulët.
- Quantity Percentage Total percent
- Midterms
- 1 30% 30%
- Quizzes
- 0 0% 0%
- Projects
- 1 20% 20%
- Term projects
- 0 0% 0%
- Laboratories
- 0 0% 0%
- Class participation
- 1 10% 10%
- Total term evaluation percent
- 60%
- Final exam percent
- 40%
- Total percent
- 100%
- Quantity Duration (hours) Total (hours)
- Course duration (including exam weeks)
- 16 4 64
- Off class study hours
- 14 5 70
- Duties
- 1 14 14
- Midterms
- 1 1 1
- Final exam
- 1 2 2
- Other
- 0 0 0
- Total workLoad
- 151
- Total workload / 25 (hours)
- 6.04
- ECTS
- 6.00