Macroeconomics II (ECON 504)

2021 Spring
Faculty of Arts and Social Sciences
Economics(ECON)
3
10.00
İnci Gümüş incigumus@sabanciuniv.edu,
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English
Doctoral, Master
ECON503
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CONTENT

Real and monetary issues in the open economy, unemployment, models of consumption, investment, money, monetary and fiscal policy.

OBJECTIVE

In this course, fundamentals of dynamic macroeconomic theory and macroeconomic policy will be studied. Emphasis will be given to the solution techniques to these models as well as theoretical and conceptual issues. Dynamic optimization techniques will be extensively used. The topics of the papers to be covered will be of a wide range: overlapping-generations models, labor market and unemployment, financial markets and asset pricing, money and monetary policy, and government and fiscal policy.

LEARNING OUTCOME

Upon completion of this course, students should be able to
a) develop an understanding of the theory and methods used in advanced macroeconomic analysis
b) apply the methods and tools they have learned in analyzing different macroeconomic problems
c) formulate macroeconomic models to analyze issues and problems encountered in macroeconomics