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Week - 1
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Birth of macroeconomics and its field of interest, Government and macro economy, Fiscal policy, Monetary policy and supply side policies. |
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Week - 2
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Basic components of macroeconomics, National income accounting, Price changes and GDP, Limitations of GDP usage. |
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Week - 3
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Consumption and saving, Investments, Government expenditures, Net export, Aggregate expenditure function. |
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Week - 4
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Macroeconomic equilibrium, Determination of equilibrium income level, Expenditures and income, Leakages and injections, Saving paradox |
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Week - 5
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Expenditure multiplier, Expenditure multiplier and equilibrium level of income, Algebraic derivation of multiplier, Full employment level of income, Deflationary gap, Inflationary gap. |
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Week - 6
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Government in the economy, Fiscal policy and level of equilibrium income, Structure of fiscal policy, Fiscal policy and economic stability. |
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Week - 7
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Midterm Exam |
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Week - 8
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Functions of money, Types of money, Near (quasi) money, Official money stock definitions, Banking system and banks’ money creation. |
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Week - 9
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Money supply, money demand, Money market equilibrium, Money and equilibrium level of income, Money and economic activities through direct channel, Central banking and implemention of monetary policy. |
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Week - 10
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Aggregate demand curve, Aggregate expenditures and aggregate demand, Shifts in aggregate demand curve, Aggregate supply curve, Short-run aggregate supply curve, Shifts in aggregate supply curve in the short-run. |
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Week - 11
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Determination of equilibrium price level, Changes in equilibrium price level, AD-AS analysis and economıc
stabilization policies, Demand-pull inflation, Cost-push inflation, Money supply and inflation. |
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Week - 12
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The importance and scope of international economics., International trade theory, International trade policy, Foreign exchange rates, Foreign exchange market, Foreign exchange eate systems, Balance of payments. |
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Week - 13
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Definition and measurement of economic growth, Sources of economic growth and the growth models, Government policies to raise long-run living standards, Economic development. |
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Week - 14
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Final exam |
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