Should have become familiar with basic macroeconomic concepts and understand how an economy operates at the aggregate level.
Understands the meaning and contents of GDP, GNP, and national income.
Understands the macroeoconomic measures such as unemployment rate, inflation rate, aggregate demand and supply, production and consumption.
Should have become familiar with basic macroeconomic concepts and understand how an economy operates at the aggregate level.
Understands where and how macroeoconomic equilibrium exists, and how equilibrium is restored when distorted.
Understands the contents and effects of monetary and fiscal policies.
Should be able to to understand and interpret the news, and articles in daily papers and weekly or monthly news periodicals on inflation, recession, expansion, growth, taxation, treasury borrowing and public debt.
Mode of Delivery
Face to face
Prerequisites
No
Recommended Optional Programme Components
No recommended optional programme components.
Course Description
This is an introductory level course in macroeconomics - the study of the economy as a whole. The goal is to learn the basic concepts of macroeconomics analysis and how they are applied in the real world situations. Topics include the measurement of national income, the unemployment rate, the price level (inflation), interest rates, the money supply, the balance of payments and the role of government fiscal and monetary policy. At the end of the course, students should be able to describe the basic macroeconomic variables; understand the models that determine the basic macroeconomic variables; understand how governments and the Central Bank influence economic variables and outcomes; provide an understanding of current macroeconomic events.
Course Contents
WEEK
TOPICS
1st Week
Introduction
2nd Week
GDP: Measuring Total Production and Income
3rd Week
Unemployment and Inflation
4th Week
Economic Growth, the Financial System, and Business Cycles
5th Week
Long-Run Economic Growth: Sources and Policies
6th Week
Aggregate Expenditure and Output in the Short Run
7th Week
Midterm
8th Week
Aggregate Demand and Aggregate Supply Analysis
9th Week
Macroeconomic Schools of Thought App.
10th Week
Money, Banks, and the the Central Bank
11th Week
Monetary Policy
12th Week
Fiscal Policy
13th Week
Macroeconomics in an Open Economy
14th Week
Review
Recommended or Required Reading
Required Textbook: R. G. Hubbard, ve A. O?Brien, Economics, Pearson, 9th ed.
Principles of Economics, Libretexts, (online textbook)
Planned Learning Activities and Teaching Methods
Lecture
Discussion
Assessment Methods and Criteria
Quantity
Percentage (%)
Mid-term
1
40
Attendance
1
10
Total(%)
50
Contribution of In-term Studies to Overall Grade(%)
50
Contribution of Final Examination to Overall Grade(%)
