INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of Management
2014-2015

SYLLABUS
Code Name Level Year Semester
FES 206 Macroeconomics Undergraduate 2 Spring
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
5 44 English

Instructor Assistant Coordinator
Nataša TANDIR, Assist. Prof. Dr. Erkan ILGÜN, Assoc. Prof. Dr.
[email protected] no email

COURSE OBJECTIVE
Why are some countries richer than others? How does monetary and fiscal policy affect macroeconomic aggregates like GDP, employment, interest rates, and inflation rates? What are the primary causes of recessions and depressions of the economy? How are interest rates and exchange rates determined? (From the textbook)This class develops a more complete model of economic activity and applies it to an explanation of the relationships among inflation, unemployment, real output growth, money, the federal budget, the foreign exchange rate, the trade deficit, and other central topics.

COURSE CONTENT
Week
Topic
  1. Introduction
  2. The Data of Macroeconomics
  3. National Income: Where It Comes From and Where It Goes
  4. Money and Inflation
  5. The Open Economy
  6. Unemployment
  7. Economic Growth I: Capital Accumulation and Population Growth -
  8. Mid-Term
  9. Introduction to Economic Fluctuations
  10. Aggregate Demand I: Building the IS–LM Model Aggregate Demand II: Applying the IS–LM Model
  11. The Open Economy Revisited: The Mundell–Fleming Model and the Exchange-Rate Regime
  12. Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment
  13. A Dynamic Model of Aggregate Demand and Aggregate Supply
  14. Stabilization Policy - Government Debt and Budget Deficits
  15. Consumption – Investment; Money Supply, Money Demand, and the Banking System

LABORATORY/PRACTICE PLAN
Week
Topic

    TEACHING/ASSESSMENT
    Description
    • Lectures
    • Seminar
    • Case Studies
    Description (%)
    Method Quantity Percentage (%)
    Quiz660
    Project40
    Total: 100
    Learning outcomes
      TEXTBOOK(S)
      • 1. Mankiw, N. G.: Macroeconomics, 7th edition, Worth Publishers, 2010
      • 2. Abel, A. B.; Bernanke, B. S.; Croushore, D.: Macroeconomics, 7th Edition, Pearson, Global Edition, 2011
      • 3. Guide to Economic Indicators: Making Sense of Economics, THE ECONOMIST in Asssociation with Profile Books Ltd., 2006
      • 4. Samuelson, P. A.; Nordhaus, W. D.: Economics, International Edition (18 th), McGraw-Hill, 2005

      ECTS (Allocated based on student) WORKLOAD
      Activities Quantity Duration (Hour) Total Work Load
      Lecture (14 weeks x Lecture hours per week)14342
      Laboratory / Practice (14 weeks x Laboratory/Practice hours per week) 0
      Midterm Examination (1 week)111
      Final Examination(1 week)111
      Preparation for Midterm Examination 0
      Preparation for Final Examination 0
      Assignment / Homework/ Project 0
      Seminar / Presentation 0
      Total Workload: 44
      ECTS Credit (Total workload/25): 2