Economic Analysis IΙ

Course: Economic Analysis IΙ
Course Number: 15
Time:
Prerequisites:
Credits: 6
Room:
Day:
Component(s):
Map: Map

COURSE OUTLINE 15

  1. GENERAL
SCHOOL SOCIAL POLITICAL AND ECONOMIC SCIENCES
DEPARTMENT SOCIAL POLICY
LEVEL OF STUDIES LEVEL 6
COURSE CODE 15 SEMESTER 2nd
COURSE TITLE Economic Analysis II
TEACHING ACTIVITIES
If the ECTS Credits are distributed in distinct parts of the course e.g. lectures, labs etc. If the ECTS Credits are awarded to the whole course, then please indicate the teaching hours per week and the corresponding ECTS Credits.		 TEACHINGHOURSPERWEEK ECTSCREDITS
3 6
 
 
Please, add lines if necessary.Teaching methods and organization of the course are described in section 4.
COURSE TYPE

Background, General Knowledge, Scientific Area, Skill Development

 Background
PREREQUISITES:

 

 NO
TEACHING & EXAMINATION LANGUAGE: GREEK
COURSE OFFERED TO ERASMUS STUDENTS: YES
COURSE URL: https://eclass.duth.gr/courses/KOM09102/
  1. LEARNING OUTCOMES
Learning Outcomes
Please describe the learning outcomes of the course: Knowledge, skills and abilities acquired after the successful completion of the course.
The aim of the course is to study the economy of a country as a whole. At first, basic macroeconomic figures and the national accounts theory are presented. The analysis distinguishes between nominal and real GDP and presents the way of calculating the consumer price index. An introduction to the theory of consumption, savings and investment follows and the equilibrium level of income is determined. The multipliers of public expenditure, taxation and investment are identified. An introduction to the monetary system is then made and the money market equilibrium is determined. Finally, the concepts of unemployment and inflation are presented.

 

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

(a) calculate the basic macroeconomic and national accounts elements, as well as the consumer price index

(b) convert GDP from current to constant prices

(c) determine both algebraically and diagrammatically the equilibrium level of income

(d) calculate the multipliers of public expenditure, taxation and investment

(e) determine the equilibrium level in the money market

(f) understand the concepts of unemployment and inflation

 
General Skills
Name the desirable general skills upon successful completion of the module
Search, analysis and synthesis of data and information,

ICT Use

Adaptation to new situations

Decision making

Autonomous work

Teamwork

Working in an international environment

Working in an interdisciplinary environment

Production of new research ideas

 Project design and management

Equity and Inclusion

Respect for the natural environment

Sustainability

Demonstration of social, professional and moral responsibility and sensitivity to gender issues

Critical thinking

Promoting free, creative and inductive reasoning
Search, analysis and synthesis of data and information,

ICT Use

Decision making

Working in an international environment

Working in an interdisciplinary environment

Critical thinking

Promoting free, creative and inductive reasoning

 
  1. COURSE CONTENT
IntroductiontoMacroeconomicsØ  NationalaccountsØ  The cost of livingØ  Consumption and SavingsTheoryØ  Investment theoryØ  Equilibriumlevel of incomeØ  MultipliersØ  MonetaryTheory and BankingØ  Centralbank and monetarysystemØ  UnemploymentØ  Inflation
  1. LEARNING & TEACHING METHODS – EVALUATION
TEACHING METHOD
Face to face, Distance learning, etc.		 Face to face
USE OF INFORMATION & COMMUNICATIONS TECHNOLOGY (ICT)
Use of ICT in Teaching, in Laboratory Education, in Communication with students		 1. Use of power point during lectures.

2. Posting of teaching material, bibliography, slides, exercises, notes, outline and evaluation methods of the course on e-class.

3. Distribution of teaching material, e.g. slides, exercises, etc. during lectures.

4. Use of polls, brainstorming, mentimentor, breakout rooms or creation of working groups during lectures.

 
TEACHING ORGANIZATION

The ways and methods of teaching are described in detail.

Lectures, Seminars, Laboratory Exercise, Field Exercise, Bibliographicresearch& analysis, Tutoring, Internship (Placement), Clinical Exercise, Art Workshop, Interactive learning, Study visits, Study / creation, project, creation, project. Etc.

 

The supervised and unsupervised workload per activity is indicated here, so that total workload per semester complies to ECTS standards.
Activity Workload/semester
1. Lectures: During the lectures, the material is presented both theoretically and with the use of examples. The lectures take place in an interactive way, in order to favor the interventions of students and to sharpen their critical ability, in which is given special emphasis. 39
2. Tutoring: During the tutorials, exercises are solved, examples are presented and questions of students are answered for better comprehension of the course material. 10
3. Visit to institutions related to the thematic units of the course, e.g. Bank of Greece co. or invitation of speakers from public and private bodies and organizations related to the thematic units of the course. 11
Homework 50
Problem solving 40
Course total 150
 
Student Evaluation

Description of the evaluation process

 

Assessment Language, Assessment Methods, Formative or Concluding, Multiple Choice Test, Short Answer Questions, Essay Development Questions, Problem Solving, Written Assignment, Essay / Report, Oral Exam, Presentation in audience, Laboratory Report,Clinical examination of a patient,Artistic interpretation, Other/Others

 

Please indicate all relevant information about the course assessment and how students are informed 

 

A written examination at the end of the semester (100%).

Includes Multiple Choice Test, Right-wrong Test, Short Answer Questions and Problem Solving.

Alternatively, students have the possibility to be examined in two written mid-semester tests that will take place in the months of March/April and May/June. Mid-semester tests are optional and replace the written exam at the end of the semester. Students must be graded at least five (5) in each test to avoid the final exam. The grade of the course will come from the average of the marks they will collect in the two tests. Students must declare their intention to participate in the March/April test one week before it takes place. Otherwise, they have no right to participate in it.
  1. SUGGESTED BIBLIOGRAPHY
Compulsory

·   KrugmanP. &Wells, R., 2022. Economics-Microeconomics and Macroeconomics. Έκδοση Β΄. Αθήνα: Εκδόσεις BrokenHillPublishersLtd.

·   Lectures’ slides

·   Lectures’ notes

 

Optional

·      Acemoglu, D., Laibson, P. & List, J. A., 2015, Macroeconomics, Athens: Kritiki Publications.

• Krugman P. & Wells, R., 2018. Macroeconomics in modules. Athens: Gutenberg Publications.

• Begg, D., Dornbusch, R., & Fischer, S., 2006. Introduction to Economics. Volume B, Edition B. Athens: Kritiki Publications.

• Parkin M., Powell, M. & Matthews, K., 2013. Principles of economics. Athens: Kritiki Publications.

• McConnell, C., Flynn, S., Brue, S., 2016. Introduction to Economics. Athens: Rosili Publications.

• Ferguson, K., 2004. Basic Principles of Economic Theory. Athens: Kritiki Publications.

• Samuelson, P. & Nordhaus, W., 2000. Economics. Athens: Papazisi Publications.

• Georgakopoulos, Th., Lianos, Th., Benos, Th., Tsekouras, G., Chatziprokopiou, M. & Christou, G., 2007. Introduction to Political Economy. Edition G΄. Athens: G. Benou Publications.

• Velentzas, K., 2011. Introduction to Economic Analysis: Numerical examples and applications. Athens: Evg Publications. Benu.