Describe the mathematical tools used in macroeconomic analysis.
Formulate the decision-making process of economic agents using optimization problems.
Explain the consumption and saving behaviors theoretically.
Examine the effects of monetary and fiscal policies on economic individuals.
Integrate the data with the macroeconomic theories.
Use the knowledge learned in further education in lifelong analysis of events and decision-making.
Mode of Delivery
Face to face
Prerequisites
Yes(ECO114)
Recommended Optional Programme Components
Introduction to Economics I; Introduction to Economics II
Course Description
This course is the first part of an intermediate macroeconomics series. Within the framework of basic business cycle models, demand-side equilibrium and IS / LM models and the effectiveness of financial and monetary policy will be examined. It aims to teach choice problems such as consumption, saving, labor supply, investment, labor demand in the economy by using optimization techniques.
Macroeconomics by Matthias Doepke, Andreas Lehnert and Andrew Sellgren (DLS). Link: http://faculty.wcas.northwestern.edu/~mdo738/book.htm
Macroeconomics by Robert J. Barro (5th edition, MIT press)
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(%)
