Core Course
EC301 – Macroeconomics II
Course Unit Code: EC301
Type Of Unit: Core
Level of Course Unit: First cycle
Year of Study: Third year
Semester: On demand
Number of ECTS Credits: 7.5
Class Contact Hours: 36
Mode of Delivery
Face to Face
Prerequisites
None
Course Objectives
The objective of this course is to provide the theoretical and mathematical skills, knowledge and tools for determining income, employment, the price level, interest rates and exchange rates in the economy, analyzing short-run and long-run macroeconomic equilibrium, and understanding how policy has an impact on the rest of the macroeconomy.
Learning Outcomes
- Define the main macroeconomic variables and explain their method of measurement.
- Illustrate the determinants of the levels of income, inflation, and unemployment prevailing in an economy.
- Explain the macroeconomic effects of monetary and fiscal policies, as well as those of other shocks hitting the economy.
- Evaluate the impact of central banks’ decisions on the likely evolution of interest rates, income, demand, etc..
- Describe the interactions between developments in financial markets and changes in the macroeconomic equilibrium of a country.
- Analyze the causes and likely consequences of country deficits.
Course Content
Course Features
Planned learning activities and teaching methods
Lectures; in-class discussion and debates; in-class exercises; problem sets
Assessment methods and criteria
20% Class participation (including written class quizzes) and problem sets
30% Midterm
50% Final Exam
Language of Instruction
English
Readings
Textbooks:
1. Mankiw, G. (2019). Macroeconomics, 10th ed.
Optional textbook:
2. Blanchard, O. (2017). Macroeconomics, 7th ed.
3.Abel, A., Bernanke, B. and Croushore, D. (2020). Macroeconomics, 10th ed.
English (UK) 
Ελληνικά