ECON514 MACROECONOMIC THEORY AND POLICY
| Course Code: | 3110514 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 8.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | Graduate |
| Course Coordinator: | Assoc.Prof.Dr. HAKAN ERCAN |
| Offered Semester: | Fall Semesters. |
Course Objectives
The objective of the course is to provide the students with the necessary background to understand macroeconomic aggregates and have a solid background in understanding the mechanisms underpinning the macroeconomy. The course starts with the analysis of the core theoretical models used in macroeconomics, for both closed and open economies. Then, we study how to make use of the theries to enhance understanding of real-world macroeconomic experiences (especially involving macroeconomic policy).
Course Content
This is an intermediate macroeconomics course specifically designed for non-departmental students.
Course Learning Outcomes
Bu the end of the coyrse the students are expected to learn: how to (i) demonstrate their understanding of the extended Keynesian income-expenditure model algebraically and diagrammatically; (ii) explain the creation and role of the Money in the economy; (iii) derive and make use of the the IS and LM curves from equilibria in the asset and goods markets; (iv) derive and evaluate the relationship between prices and income using AS-AD analysis; (v) use economic analysis to evaluate current social and political issues and policies; (vi) apply macroeconomics to current policy issues.