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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS LGM 1006 MACRO ECONOMICS COMPULSORY 3 0 0 5

Offered By

Logistics Management (English)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

Offered to

Logistics Management (English)

Course Objective

To Recognize basic concepts of economics. Explain how concepts of economics affect the world's current economic climate. Demonstrate and understanding of basic theories and their application methods in real world.

Learning Outcomes of the Course Unit

1   Define and identify economic terms and concepts ( Households, government, firms ). 2   Define and identify economic terms and concepts ( Households, government, firms ). 3   Identify the factors of production 4   Identify the basic economic questions. 5   Identify the functions of money and monetary polcy tools.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description 1 The Economics : What is Macroeconomics Purpose of the course 2 The Realm of Economics : What is Macroeconomics, GDP, Aggregates 3 The Goal of Macroeconomics Policy : Growth, Unemployment, Inflation 4 Economic Growth and History of Economic Growth : Pillars of Growth, Growth Policy 5 Demand side equilibrium : Aggregate Demand, Components of AD, equilibrium 6 Supply Side Equilibrium : Aggregate Supply Shocks, AS 7 Fiscal Policy : Multiplier, Tax policy 8 Fiscal Policy Tools 9 Monetary Policy : Money and Banking 10 Monetary Policy : Tools of Monetary Policy, Keynesian Model 11 Debate over Policy 12 International trade : Trade Policies 13 Trade and Monetary Policy : Open Economy 14 Contractionary Fiscal and Monetary Policies 15 Expansionary Fiscal and Monetary Pocies 16 Final Exam

Recomended or Required Reading

Baumol and Blinder, Economics: Principles and Policy, 9th Edition, Thompson and South-Western, 2005

Planned Learning Activities and Teaching Methods

Literature review, case studies,data analysis

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA 1 MTE MIDTERM EXAM 2 FINS FINAL EXAM 3 FCG FINAL COURSE GRADE MTE * 0.40 + FINS * 0.60 4 RST RESIT 5 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.40 + RST * 0.60

Further Notes About Assessment Methods

None

Assessment Criteria

Oral and written competencies regarding the use of knowledge, abilities and skills in the field of macro economics in terms of research, investigation and evaluation will be evaluated.

Language of Instruction

English

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours) Lectures 14 3 42 Preparations before/after weekly lectures 12 4 48 Preparation for midterm exam 1 5 5 Preparation for final exam 1 9 9 Preparing assignments 1 15 15 Preparing presentations 1 5 5 Final 1 2 2 Midterm 1 2 2 TOTAL WORKLOAD (hours) 128

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 PO.10 PO.11 PO.12 PO.13 LO.1 3 3 3 3 3 LO.2 3 3 3 3 3 5 LO.3 3 3 3 LO.4 3 3 3 3 3 3 5 LO.5 3 3 3 5 5