Undergraduate Macroeconomics I

Prerequisite (s)
Mathematics, Mathematics for Economists, Introduction to Economics I, and Introduction to Economics II.

Course Aim
This course introduces the fundamental concepts and tools of macroeconomic analysis.

Course Goals
This course aims at teaching how to construct macroeconomic models used to explain changes in macroeconomic magnitudes such as Gross Domestic Product, Unemployment, General Price Level, Interest Rate, Economic Growth Rate, and Exchange Rate.

Course Learning Outs and Proficiencies

The main learning output of this course is to have students learn basic macroeconomic concepts and magnitudes and how the relationships between macroeconomic variables are defined through macroeconomic models.


Required Readings:
—Erdal Ünsal (2007), Makro Ekonomi, İmaj Yayıncılık, Ankara.
Suggested Readings:
—Kemal Yıldırım, Doğan Karaman ve Murat Taşdemir (2007), Makroekonomi, Seçkin Yayıncılık, Ankara.
—Tümay Ertek (2005, Makroekonomiye Giriş, Beta, İstanbul.
Assessment Criteria
Midterm 30% and Final 70%


Semester Course Plan

Week/Subjects

1
National Income Accounting I
2
National Income Accounting II
3
Total Supply
4
Total Demand I
5
Total Demand II
6
Income and Expenditure
7
Wages and Unemployment
8
Inflation
9
Monetary Policy
10
Fiscal Policy
11
Income Policy
12
Open Economy Macroeconomics I
13
Open Economy Macroeconomics II
14
Introduction to Macro Models