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Cyprus International University
TR

MACROECONOMICS

Course
ECON102 - MACROECONOMICS
Department
Economics - English - Undergraduate
Course Type
Course
Status
Required
Language
English
Credit
3
ECTS
6
T+P+L
3 + 0 + 0
Course Coordinator(s)
Assoc. Prof. Dr. Hasan RÜSTEMOĞLU
Prerequisite
Keywords

Course Description

This is an introductory course covering money, the monetary system and their relevance to the functioning of the national economy. It covers monetary and fiscal policies, unemployment, interest rates, and inflation as well. It dwells on the measurement of the level of output and its determination. Particular emphasis is placed on the forces that determine the actual and potential level of output and on policies designed to promote economic stability and growth. Important policy debates such as the sub-prime crisis, social security, the public debt and international economic issues are critically explored. The balance of payments is explained. The determination of the exchange rate is presented with reference to the international monetary system.

MACROECONOMICS

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

  1. 01 To derive knowledge and understanding of macroeconomic issues 4
  2. 02 To assess problems and periodic fluctuations in the size of economy , inflation , unemployment and the economic policies of fiscal and monetary which develop models to cope with these macroeconomic problems 5uctuations in the size of economy , inflation , unemployment and the economic policies of fiscal and monetary which develop models to cope with these macroeconomic problems
  3. 03 To compare national income and real GDP 4
  4. 04 To generalize business cycle inflation Money and monetary equilibrium 5
  5. 05 To summarize international trade and balance of payments 4
  6. 06 To categorize fiscal policy 3
  7. 07 To classify monetary policy 3

Course Syllabus

Week Topic
Week 1 INTRODUCTION
Week 2 Markets in the economy
Week 3 Measuring National Income
Week 4 Measuring Economic Growth
Week 5 Business Cycles, Jobs and the Price Level
Week 6 Money and banking
Week 7 Midterm
Week 8 Midterm
Week 9 Aggregate demand - Aggregate supply
Week 10 Inflation cycles
Week 11 Unemployment
Week 12 Fiscal Policy
Week 13 Monetary system
Week 14 Monetary policy
Week 15 Revision

Reference Books & Course Materials

  1. 01 Michael Parkin (2019), Economics ( 13/E ), Pearson, Global Edition
  2. 02 N.Gregory MANKIW (2012) , Principles of ECONOMICS , ( 6 th edition) Thomson,South- Western
  3. 03 Micheal PARKIN, 2012 , Economics ( 12 th edition ),Pearson, Addison Wesley

Learning Outcomes

  1. L01 On successful completion of this course the students will have developed knowledge and understanding of macroeconomic issues
  2. L02 problems and periodic fluctuations in the size of economy , inflation , unemployment and the economic policies of fiscal and monetary which develop models to cope with these macroeconomic problems
  3. L03 National income and real GDP
  4. L04 International Trade and balance of payments
  5. L05 Following a succesful completion of this course the student will be able to assess economic performance of countries. SOLO 5

Program Outcomes

No program outcomes have been defined.

Po-Lo Matrix

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