Course Title and Purpose	1. Course Title MACROECONOMIC PRINCIPLES IN THE EUROPEAN UNION
	2. Aims of the Course: Students who take this course will: :: Understand macroeconomic theory and policy from a European perspective; :: Absorb the fundamentals of the standard neoclassical model of economy, i.e. optimal consumer choices of consumption, work effort, investment, and savings; :: Adopt two crucial phenomenon and maladies of the modern economy – inflation and, especially in EU, unemployment; :: Comprehend the role of monetary and fiscal policy in general and in EU, particularly :: Analyze the process of economic growth and its implications for economic development in EU; :: Perceive the contrasts between different macroeconomic schools and models
Course Delivery	3. Contents: Foundation in macroeconomic theory and policy from EU perspective; Standard neoclassical model of the economy; Keynesian model and New Keynesian and New Classical model of the economy; Consumption, investment, and savings in EU; The concepts of unemployment, Natural rate of unemployment, inflation, NAIRU; The role of monetary and fiscal policy in EU; Economic growth and development in EU.
	4. Indicative Reading: M. Burda, C. Wyplosz, Macroeconomics: a European text (Oxford University Press, 1997) O. Blanchard, Macroeconomics, (Prentice Hall, 2003) M. Parkin, Macroeconomics, (Addison Wesley, 2003) R.L.Miller, Economics Today, The Macro View (Addison Wesley, 2003) K.E.Case, R.C. Fair, Principles of Macroeconomics (Prentice Hall, 2003)
	5. Learning and Teaching Methods: Total Contact Hours:  14 Range of Modes of Contact: Lectures – one hour per week, weekly seminars based on small group presentation based on independent learning and reading Range of other Learning Methods: Independent learning and directed reading Total Study Hours:   150
Course Assessment	6. Course Learning Outcomes: After taking this course, students will be able to: :: Describe and explain the basic development trends in world food production, consumption and trade, globalisation world food system, and agricultural and food policy most important players in WTO negotiations. :: Relate highly distorted world trade and production in agriculture by a variety of policy interventions applied in industrial and developing countries. :: Be aware of the linkages between agricultural and overall development, world’s integration theory and the concerns of outcomes on world food security.
	7. Assessment Methods: Assesment is by oral course (short individual contributions based on recommended reading) and a written paper (duration two hours) set at the end of the course Number, Type and Weighting of Elements: 1. Coursework 25% 2. Exam 75%
Course Management	8. Credit Points and Duration: 8 credit points; duration of the course is one semester
	9.  Contact Person: Dr Kosta Josifidis E-mail: josifidis@ns1.sbb.co.yu