INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of International Business
2015-2016

SYLLABUS
Code Name Level Year Semester
IBS 202 Macroeconomics Undergraduate 2 Spring
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
Compulsory 5 2 + 1 79 English

Instructor Assistant Coordinator
NataĊĦa TANDIR, Assist. Prof. Dr. Natasa Tandir Merdzana OBRALIC, Assist. Prof. Dr.
[email protected] [email protected] no email

This class develops a more complete model of economic activity and applies it to an explanation of the relationships among inflation, unemployment, real output growth, money, the federal budget, the foreign exchange rate, the trade deficit, and other central topics.

COURSE OBJECTIVE
The main objective of this course is to enable students to give answers to the following questions: Why are some countries richer than others? How does monetary and fiscal policy affect macroeconomic aggregates like GDP, employment, interest rates, and inflation rates? What are the primary causes of recessions and depressions of the economy? How are interest rates and exchange rates determined?

COURSE CONTENT
Week
Topic
  1. Introduction
  2. The Economic Problem
  3. Measuring GDP and Economic Growth
  4. Monitoring Jobs and Inflation
  5. Economic Growth
  6. Finance, Saving and Investments
  7. Money, the price Level and Inflation
  8. Midterm exam
  9. The Exchange rate and the Balance of Payments
  10. Aggregate Supply and Aggregate Demand
  11. Expenditure multipliers
  12. Fiscal Policy
  13. Monetary Policy
  14. International Trade Policy
  15. Preparation for the Final Exam

LABORATORY/PRACTICE PLAN
Week
Topic

    TEACHING/ASSESSMENT
    Description
    • Interactive Lectures
    • Practical Sessions
    • Presentation
    • Discussions and group work
    • Problem solving
    • Case Studies
    Description (%)
    Method Quantity Percentage (%)
    Quiz410
    Homework110
    Problem solving120
    Midterm Exam(s)130
    Final Exam130
    Total: 100
    Learning outcomes
    • Use and understand basic terminology of macroeconomics
    • Apply the concepts of choice and opportunity cost to basic situations involving scarcity and clearly identify feasible choises
    • Describe the circular flow of the economy
    • Explain how the level of economic activity in an economy is determined.
    • Interpret the gains from international trade
    • Use improved skills related to problem solving
    TEXTBOOK(S)
    • M. Parkin, Macroeconmics, 10th edition, Pearson Education

    ECTS (Allocated based on student) WORKLOAD
    Activities Quantity Duration (Hour) Total Work Load
    Lecture (14 weeks x Lecture hours per week)15230
    Laboratory / Practice (14 weeks x Laboratory/Practice hours per week)15115
    Midterm Examination (1 week)122
    Final Examination(1 week)122
    Preparation for Midterm Examination11515
    Preparation for Final Examination11515
    Assignment / Homework/ Project 200
    Seminar / Presentation 200
    Total Workload: 79
    ECTS Credit (Total workload/25): 3