| 1. Week |
(Introduction and Basic Concepts) The Concept of Macro Economics; Macroeconomics - micro-economics; Basic research areas of macroeconomics; Method in macroeconomics |
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| 2. Week |
(Macro Size and Measurement) Measurement of Gross Domestic Product (GDP): production approach, Spending approach, Income approach; GDP-related figures: Gross National Product, Net Domestic Product, National Income, Personal Income, Disposable Personal Income; Measurement of Unemployment, Measurement of Inflation (CPI - PPI), Measurement of Growth Rate, Arrow Law |
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| 3. Week |
(Classical Macroeconomic Theory) Classical Macro-economic Approach: Basic assumptions of classical economy, Productivity, Investment-saving identity, Classical interest theory, |
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| 4. Week |
(Simple Keynesian Model) Total Planned Expenditure: Consumption function, Saving Function, Investment Function, Public Expenditures; Spending equation: formation and change of equilibrium in goods market, |
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| 5. Week |
(Macroeconomic Model of the Keyses Modyen) Multiplier Mechanism: investment multiplier, transfer expenditure multiplier, tax multiplier, public expenditure multiplier, net foreign trade multiplier; inflationist - Deflationary Open and Fiscal policy, |
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| 6. Week |
(Interest Rate Relation IS-LM Model) Interaction in goods and money markets; Derivation of the IS curve, the slope and position of the IS; Money supply and demand, Equilibrium in money market, Derivation of LM curve, LM's slope and position, Simultaneous equilibrium in goods and money market, Change of equilibrium and effectiveness of fiscal / monetary policies |
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| 7. Week |
(Total Demand Analysis) Total Demand curve: Derivation of the curve (Keynesian approach, Pigou approach), slope and position; Simultaneous effects of Monetary and Fiscal Policies; Concepts of budget deficit, Supply-side economics and budget deficits, budget deficit financing, budget deficit, senyoraj and inflation |
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| 8. Week |
Effects of Monetary and Fiscal Policies on Aggregate Demand |
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| 9. Week |
(Total Supply Analysis) Classic total supply curve, Keynes total supply curve, market failures and total supply curve, worker-error model (M. Friedman), Firm Error Model (Lucas), Adhesive Wage Model (S. Fisher), Short and Long Term Total Supply curves; Dynamic total supply and aggregate demand models |
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| 10. Week |
(Inflation Rate Relationship) Causes of inflation and inflation; Effects of monetary and fiscal policies on inflation; Anti-inflationist policies under the assumption of Adaptive Expectations and Rational Expectations; Cost of Inflation |
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| 11. Week |
Employment Analysis) Concepts of Unemployment and Employment; Unemployment Types, Unemployment and Inflation Relation, Phillips Curve, Short and Long Term Phillips Curves, |
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| 12. Week |
(Money Market Analysis) Definition of money, functions and money systems; Demand for classic money: Quantity Theory (Yale-Fisher Approach, Cambridge Approach), Keynes's Money Demand Theory: Liquidity Preference Theory, Baumol-Tobin Money Demand Model, Tobin's Risk Money Demand Model, Modern Quantity Theory; Money supply: the creation of money (banks), money multiplier, determinants of money supply, monetary policy and tools |
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| 13. Week |
(Micro Fundamentals of Macro Economics) Consumption; Absolute income hypothesis, Relative income hypothesis, Fisher's time between consumption selection model, Lifetime income hypothesis, Continuous income hypothesis Random walking model, Investment; Fixed investment, stock investment, current value criterion and Keynes's marginal effectiveness analysis of capital, Simple accelerating model, Neo-classical investment model, Tobin's Q theory |
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| 14. Week |
(Döviz Piyasası Analizi) Döviz kuru sistemleri, açık ekonomide toplam planlanan harcama, açık ekonomide mal piyasası dengesi, açık ekonomide çarpan, net ihracat, devalüasyon ve revalüasyon, Marshall-Larner koşulu ve J eğrisi Ödemeler Bilançosu Analizi, İç ve diş dengenin birlikte analizi (IS-LM-BP) Modeli, |
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