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Course Title Course Code ECON-262 Principles of Macroeconomics Semester Department Finance and Economics Fall / Spring Type of Course Field Required Economics Level of Course Year of Study 1st Cycle 1st Mode of Delivery Work Placement Face-to face N/A Recommended Optional Programme Components: N/A ECTS Credits 6 Prerequisites ECON-261 Language of Instruction English / Greek Lecturer(s) Dr. Spyros Hadjidakis Co-requisites None Objectives of the Course: The main objectives of the course are to: • Introduce the main macroeconomics variables (GDP, inflation, unemployment) • Introduce the aggregate demand – aggregate supply model • Distinguish between inflation and unemployment • Identify the fiscal and monetary policy tools • Introduce the balance of payment and exchange rates Learning Outcomes: After completion of the course students are expected to be able to: • Measure economic variables (GNP and its components, inflation, unemployment, money supply, balance of payments, exchange rates) • Analyze the aggregate demand – aggregate supply model, the concept of the multiplier and the business cycle • Identify the tools of monetary and fiscal policies, understand their effect on the economy and appreciate the significant role of the Central Bank. • Explain the importance balance of payments, international trade and how the value of foreign exchange is determined Course Contents: 1. Gross Domestic Product 2. Economic Growth 3. Unemployment and Inflation 4. Aggregate Demand and Aggregate Supply 5. Equilibrium Expenditure and the Multiplier 6. Fiscal Policy 1 7. Money and Monetary Policy 8. Balance of Payments and the Exchange Rate Learning Activities and Teaching Methods: Lectures, Tutorials, Homework Exercises Assessment Methods: Assignments, Mid-Term, Final Exam. Required Textbooks/Reading: Authors Title Parkin, Michael Economics et al. Recommended Textbooks/Reading: Authors Title Spyros Study Guide and Hadjidakis Lecture Notes Publisher AddisonWesley Year 2009 ISBN 9780132041225 Publisher Department of Finance and Economics Year ISBN 2008 2