Economic Theory II ECON 202.05

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Oct 28, 2013 (3 years and 9 months ago)

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Economic Theory II

ECON 202.05











Taner Yigit

Spring 2003












Office: A112

W
-
Fr. 10:45
-
12:00

or by appointment

tyigit@bilkent.edu.tr



Objectives:
Macroeconomics is the study of the overall behavior of the economy. In today's
economic co
nditions, where almost everybody is trying to decide whether to stay in the market
or not, understanding of economic conditions and policies has become more important. The goal
of this class is to gain a fundamental understanding of macroeconomic theories
and see them in
action. This will not only provide us with a better understanding of the functioning of the
economy, but also allow us to reason through how things can be improved. Real life examples
(via assigned readings) will supplement the coursework t
o apply the theory obtained in economic
policy analysis.


I encourage group work (except in exams), and trying to connect what we learn in class
to real life situations. Grading will be based on interest, effort and hard work (participation is one
of many
ways to show interest and effort). Attendance is obligatory; there will be short
unannounced quizzes, especially on the days with low attendance. There will few homework
assignments based on assigned readings. I am available should you have any problems in

the
course. I have scheduled office hours. In addition I am usually available after class for
discussion or to schedule an appointment if you cannot make my scheduled office hours.




Exams:
Grading will be based on class participation (10%), quizzes (1
0%), assignments (10%),
2 midterm exams (20% each), and a final exam (30%). The material on the midterm and the final
exam are cumulative.


Recommended textbook:

Abel & Bernanke.
Macroeconomics
4
th

ed.


Course outline:












Chapter(s)

Introduction &
Measurement








1, 2

Goals of Government

Inflation, Unemployment & Growth






2, 3


Short run

Income Determination







5


Aggregate Demand








9

Policy (Money & Financial Markets, Fiscal)





7, 14, 15

Medium Run

Aggregate Supply








9


Policy

(Rational Expectations)









Long Run










6

Open Macroeconomics








13