Explain how to measure the production and income of an economy.
Interpret the macroeconomic indicators such as unemployment, inflation and growth.
Describe how macroeconomic equilibrium is achieved.
Explain monetary and fiscal policy tools and their effects.
Interpret the current macroeconomic developments in written and visual sources.
Mode of Delivery
Face to face
Prerequisites
No
Recommended Optional Programme Components
None
Course Description
This course focuses on explaining and examining the basic concepts of macroeconomics. Measuring the country's income, unemployment, inflation, aggregate demand and supply, monetary and fiscal policies are among the main topics covered.
Course Contents
WEEK
TOPICS
1st Week
Measuring a Nation's Production and Income
2nd Week
Unemployment and Inflation
3rd Week
The Economy at Full Employment
4th Week
Why Do Economies Grow? (Excl. Appendix)
5th Week
Aggregate Demand and Aggregate Supply
6th Week
Fiscal Policy (Excl. U.S. Fiscal Policy)
7th Week
Midterm
8th Week
The Income-Expenditure Model (Excl. Appendix)
9th Week
The Income-Expenditure Model (Excl. Appendix)
10th Week
Money and the Banking System
11th Week
The Federal Rezerve and Monetary Policy
12th Week
Modern Macroeconomics: From the Short Run to the Long Run
Arthur O'Sullivan, Steven M. Sheffrin ve Stephen J. Perez, Makroekonomi: Prensipler, Uygulamalar ve Araçlar. 8th ed., çeviri editörü, Kerem Karabulut. Ankara: Nobel, 2015.
Planned Learning Activities and Teaching Methods
Lecture
Discussion
Assessment Methods and Criteria
Quantity
Percentage (%)
Mid-term
1
40
Quiz
3
15
Total(%)
55
Contribution of In-term Studies to Overall Grade(%)
55
Contribution of Final Examination to Overall Grade(%)
