Interpret real world events using macroeconomic analysis skills and its basic tools.
Illustrate the relationships between the basic concepts learned both graphically and mathematically.
Develop a solid understanding of causal relationships in theoretical models of the field.
Analyze and interpret the basic theoretical relationships in the data related to the field.
Mode of Delivery
Face to face
Prerequisites
No
Recommended Optional Programme Components
None
Course Description
We will be particularly concerned with the determinants of national output, the unemployment rate, the price level (inflation), interest rates, the money supply, the balance of payments, and the role of fiscal and monetary policy. The course introduces the fundamental models of macroeconomics and explains their core principles using the experiences of both the Turkish and foreign economies.
Course Contents
WEEK
TOPICS
1st Week
WWhat is Macroeconomics? Concepts
2nd Week
Gross Domestic Product: Measuring Total Output and Income
3rd Week
Gross Domestic Product: Various Approaches
4th Week
Output, Expenditure and Multiplier
5th Week
Fiscal Policy: Government Spending, Taxes, Investment
6th Week
Monetary Policy
7th Week
Midterm Exam
8th Week
Simultaneous Equilibrium in the Goods and Money Markets
9th Week
Open Economy
10th Week
Aggregate Demand and Supply
11th Week
Aggregate Demand and Supply
12th Week
Inflation and Unemployment: The Phillips Curve
13th Week
Turkish Economy
14th Week
General Review
Recommended or Required Reading
Economics (Pearson Prentice Hall Press) by G. Hubbard and A.Brien.
Makroekonomi by Erdal Ünsal; and any other introductory economics textbooks
Planned Learning Activities and Teaching Methods
Lecture
Discussion
Assessment Methods and Criteria
Quantity
Percentage (%)
Mid-term
1
30
Quiz
2
20
Attendance
1
10
Total(%)
60
Contribution of In-term Studies to Overall Grade(%)
60
Contribution of Final Examination to Overall Grade(%)
