Interpret real world events usıng the ability of macroeconomic analysis and the basic tools of macroeconomics.
Illustrate the relationship between the basic macroeconomic concepts both graphically and mathematically.
Develop a solid understanding of causal relationships in the 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, unemployment rate, price level (inflation), interest rates, money supply and balance of payments, and the role of fiscal and monetary policy. Introduces the basic models of macroeconomics and explains the principles with the experience of Turkish and foreign economies.
Course Contents
WEEK
TOPICS
1st Week
What is Macroeconomics? ; Measuring Total Output and Income
2nd Week
Unemployment and Inflation
3rd Week
Business Cycles, Long-Run: Growth
4th Week
Short Run: Output, Expenditure and the Multiplier
5th Week
Short Run: Output, Expenditure and the Multiplier
6th Week
Aggregate Demand and Supply
7th Week
Midterm Exam
8th Week
Aggregate Demand and Supply
9th Week
Money and the Banking System
10th Week
Monetary Policy
11th Week
Fiscal Policy
12th Week
Inflation and Unemployment Revisited: The Phillips Curve
13th Week
Open Economy
14th Week
Turkish Economy
Recommended or Required Reading
Economics (Pearson Prentice Hall Press) by G. Hubbard and A. O'Brien.
Please take a look at the Wall Street Journal and The Economist regularly.
Planned Learning Activities and Teaching Methods
Lecture
Discussion
Assessment Methods and Criteria
Quantity
Percentage (%)
Mid-term
1
35
Quiz
2
25
Total(%)
60
Contribution of In-term Studies to Overall Grade(%)
60
Contribution of Final Examination to Overall Grade(%)
