Course Information

Course Name	Turkish	Principles of Macroeconomics
	English	Makroiktisatın Temelleri
Course Code	ECO 102	Credit	Lecture (hour/week)	Recitation (hour/week)	Laboratory (hour/week)
Semester	-	3	-	-	-
Course Language		English
Course Coordinator		Ayşe Aylin Bayar
Course Objectives		This course aims to develop an understanding of fundamental aggregate macroeconomic variables and concepts such as national income, growth, productivity, unemployment, inflation, and economic fluctuations. We look at how these macro variables are defined and measured; identify the basic observed trends in related macro data; explore their causes and effects; explore how they relate to each other and their relevance to economic policymaking. The latter half of the course will focus on the implications of an open economy context for these macroeconomic variables, through the exploration of international trade, capital flows, exchange rates, and balance of payments.
Course Description		The aim of this course is to develop an understanding of fundamental aggregate macroeconomic variables and concepts such as national income, growth, productivity, unemployment, inflation and economic fluctuations. We look at how these macro variables are defined and measured; identify the basic observed trends in related macro data; explore their causes and effects; explore how they relate to each other and their relevance to economic policy making. The latter half of the course will focus on the implications of an open economy context for these macroeconomic variables, through exploration of international trade, capital flows, exchange rates and balance of payments
Course Outcomes
Pre-requisite(s)
Required Facilities
Other
Textbook		Mankiw, N. G. (2008), Principles of Economics (8th edition), South-Western Cengage Learning, USA.
Other References		Goodwin, N., Nelson, J.A., Harris, J. (2009), Macroeconomics in Context , M.E. Sharpe, New York, USA Blanchard, O. (2009), Macroeconomics (5th edition), Pearson Prentice Hall, New Jersey, USA.

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