ECON439 TOPICS IN MACROECONOMICS
| Course Code: | 3110439 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Prof.Dr. ABDULAHAT MUHİTTİN CEM SOMEL |
| Offered Semester: | Fall or Spring Semesters. |
Course Objectives
1. To familiarize students with the problems of developing countries in the international division of labor.
2. To enhance students' understanding of the relationship between investment, saving and the trade balance.
3. To give students an understanding of possible explanations of stable global uneven development equilibria.
4. To give students an understanding of the transfer problem.
5. To develop students' ability to read macroeconomic equations in models.
Course Content
The course aims to enhance students understanding of macroeconomics and trade concepts through a study of North-South trade models.
Prerequisite: ECON 202.
Course Learning Outcomes
1. Students who are knowledgeable about developing countries' growth and trade balance problems in the international division of labor.
2. Students who have a grasp of the basic relationship between saving, investment and the trade balance.
3. Students who are familiar with the transfer problem (the macroeconomics of the problem of external debt repayment).
4. Students who can analyze a global economic equilibirium with uneven development.
5. Students who can confidently study and criticise macroeconomic equations in models.