Sabancı Üniversitesi



ECON 202 Macroeconomics Select Term:
Basic concepts of national accounting. Classical macroeconomics: the classical theory of output and employment; the quantity theory of money; the gold standard in classical theory. Elementary Keynesian macroeconomics: the multiplier and the circular flow of income; bringing in foreign trade and the goverment. Money in Keynesian economics; monetary and fiscal policy. Growth and income distribution. Labour market adjustment at the macroeconomic level. Inflation and anti-inflationary policies. International macroeconomics; the balance of payments; exchange rate systems; trade theories and policies. Economics and economy; the science of macroeconomics and national accounting; the determination of national income; aggregate demand, fiscal policy; money, interest and income; open economy macroeconomics and international linkages; aggregate demand and supply; unemployment and inflation; consumption and investment; stabilization policies; economic growth.
SU Credits : 3.000
ECTS Credit : 6.000
Prerequisite :
Corequisite : ECON 202