MACROECONOMICS

COURSE OUTLINE

1. GENERAL

SCHOOL School of Management and Economics
ACADEMIC UNIT Department of Accounting and Finance
LEVEL OF STUDIES Undergraduate
COURSE CODE 0803.2.002.0 SEMESTER 255th
COURSE TITLE Macroeconomics
INDEPENDENT TEACHING ACTIVITIES
if credits are awarded for separate components of the course 		WEEKLY
TEACHING HOURS		 CREDITS
0 5
Total 0 5
COURSE TYPE
general background, special background, specialised general knowledge, skills development		 Compulsory, General background
PREREQUISITE COURSES None
LANGUAGE OF INSTRUCTION and EXAMINATIONS English
OFFERED TO ERASMUS STUDENTS Yes (in English)
COURSE WEBSITE (URL) https://iro.hmu.gr/accounting-finance-english-courses/

2. LEARNING OUTCOMES

Learning outcomes

Expected Learning Outcomes

After completing this course, students are expected to know:

  • The fundamental concepts of macroeconomic magnitudes and national accounts.
  • The interaction of domestic macroeconomic aggregates and external transactions.
  • The determinants of aggregate consumption, savings, and investment.
  • The determination of equilibrium income, interest rate, and prices.
  • The conduct of fiscal and monetary policies and their effects.
  • The relationship between inflation and unemployment.
General Competences

Upon successful completion of the course, students should be able to:

  • Identify alternative approaches (schools of thought) to macroeconomic issues.
  • Determine and describe macroeconomic equilibrium.
  • Analyze the effects of alternative macroeconomic policy measures.

3. SYLLABUS

  • Basic Concepts and National Accounts
  • The Goods Market
  • The Money Market
  • The IS-LM Model
  • The Labor Market
  • The AS-AD Model
  • Inflation and Unemployment 
  • The Crisis

4. TEACHING and LEARNING METHODS - EVALUATION

DELIVERY
Face-to-face, Distance learning, etc.		 This is a reading course, that is, there are no formal classes. Students study the material on their own and seek the instructor’s help as they deem necessary, via email, tele-conferencing, or office appointments.
USE OF INFORMATION AND COMMUNICATIONS TECHNOLOGY
Use of ICT in teaching, laboratory education, communication with students
TEACHING METHODS
The manner and methods of teaching are described in detail.
Activity Semester workload
Course total
STUDENT PERFORMANCE EVALUATION
Description of the evaluation procedure

Mandatory mid-term exam, weighing 30% of the final grade.

Mandatory final exam, weighing 70% of the final grade.

5. ATTACHED BIBLIOGRAPHY

Suggested reading:

Blanchard, O. and D.R. Johnson, Macroeconomics, Pearson, 2013.

DEPARTMENT OF ACCOUNTING AND FINANCE, HELLENIC MEDITERRANEAN UNIVERSITY