Principles of Economics II
The course provides students with the basic concepts and theories which facilitate the understanding of how an economy works as a coordinated whole. It aims to provide a simple yet rigorous framework for understanding real macroeconomic events. Students are expected to be able to apply the tools listed in the course in order to analyze relatively simple macroeconomic issues.
After completing this course, students will be able to:
Introduction to Macroeconomics. Macroeconomic Data. Productivity, Output and Employment. Consumption, Savings and Investment. Savings and Investment in an Open Economy. Long-term Economic Growth. Asset Markets, Money and Prices. Exchange Rates and Macroeconomic Policy in an Open Economy. Public Expenditure and Financing.
Lectures (4 hours per week) and Tutorials (2 hours per week)
Activity |
Semester workload |
Lectures |
52 hours (4X13) |
Tutorials |
26 hours (2X13) |
Private study |
122 hours |
Total number of hours for the Course (25 hours of work-load per ECTS credit) |
200 hours (total student work-load) |
The overall course grade is the sum of a) the final exam grade plus b) 20 percent of the mid-term exam grade*.
* The above student evaluation method is a pilot one and will be re-examined at the end of academic year 2018-2019.
Use of ICT in teaching and communication with students through the e-class platform.