This course, as an intermediate macroeconomics course, is designed to enhance and build on students’ knowledge on classic macroeconomic topics such as inflation, unemployment, and economic growth as well as appropriate fiscal and monetary policies for achieving macroeconomic goals set by governments. The course will provide analytical / theoretical frameworks, such as the aggregate demand & supply model, to study the behavior of macroeconomic variables such as output measured as real GDP, real GDP growth, price level, employment, consumption, and investment in both short and long runs. Effects of technological progress, productivity, and international economic relations on overall macroeconomic performance, including economic growth and development, will also be examined.
- Teacher: Fahrettin Sumer