School of Economics and Administrative Sciences \ Economics
Course Credit
ECTS Credit
Course Type
Instructional Language
Programs that can take the course
This course is the first in the Macroeconomic Theory series and covers macroeconomic topics in a closed economy.
Textbook and / or References
Macroeconomics (Olivier Blanchard),
Macroeconomics (Gregory Mankiw)
The course examines equilibrium conditions in goods, services, capital, and labor markets using the IS-LM model and aggregate demand and aggregate supply-based models in the short and medium term. These models are used to provide insight into output, inflation, unemployment, fiscal policy, and monetary policy. Additionally, the course introduces long-term economic growth models.
1. Introduces the fundamental concepts of economics.
2. Develops students' ability to analyze the decision-making processes of individuals, firms, and policymakers.
3. Equips students with the ability to follow current economic developments and propose solutions.
Week 1: Introduction to Macroeconomics, Macroeconomic Data
Week 2: National Income: Sources and Uses
Week 3: Money and Inflation
Week 4: Unemployment and the Labor Market
Week 5: Economic Growth I
Week 6: Economic Growth II
Week 7: Introduction to Macroeconomic Fluctuations
Week 8: Aggregate Demand I
Week 9: Aggregate Demand II
Week 10: Aggregate Supply and Short-Term Inflation-Unemployment Tradeoff
Week 11: Macroeconomic Stability
Week 12: Public Budget
Tentative Assesment Methods
• Homework 10 %
• Quiz 10 %
• Midterm 40 %
• Final 40 %
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