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Ec 102.01 Principles of Macroeconomics
Instructor: Şemsa Özar
Office: NB 205C
Phone: 3597631
e-mail: [email protected]
Office hours: Tuesday:15.00-16.00, Thursday: 14.00-15.00
Course Assistant: Özge Demirci
Office: İB 209B
Phone: 3596682
Office hours: Thursday: 14.00-15.00
e-mail: [email protected]
Textbooks:
Macroeconomics in Context, Goodwin, et al., M.E. Sharpe, 2008, available at the
bookstore.
Go to the following website for Student’s Study Guide:
http://www.ase.tufts.edu/gdae/publications/textbooks/MAC_Supp.html#SSG
Economics for Everyone: A Short Guide to the Economics of Capitalism, Stanford,
Pluto Press, 2008, assigned sections available at
http://www.economicsforeveryone.com/book-excerpts/
This book has been translated into Turkish, Herkes için İktisat: Kapitalist Sömürüyü
Anlama Kılavuzu, Yordam Kitap, 2009). You can find it at the library.
Course Outline:
I.The Context for Economic Analysis
Chapter 1. Economic Activity in Context (Macroeconomics in Context)
Chapter 1. The Economy and Economics (Economics for Everyone)
Chapter 4. The Politics of Economics (Economics for Everyone)
II. Macroeconomic Basics
Chapter 5. Macroeconomic Measurement: The Current Approach (Macroeconomics in
Context)
Chapter 7. Employment and Unemployment (Macroeconomics in Context)
Chapter 13. Employment and Unemployment (Economics for Everyone)
1. MID-TERM
III. Macroeconomic Theory and Policy
Chapter 9. Aggregate Demand and Economic Fluctuation (Macroeconomics in Context)
Chapter 10. Closing the Little Circle (Economics for Everyone)
Chapter 10. Fiscal Policy (Macroeconomics in Context)
Chapter 20. Spending and Taxing (Economics for Everyone)
Chapter 11. Money and Monetary Policy. Sections 1 to 4 (except 4.4) (Macroeconomics
in Context)
Chapter 16. Money and Banking (Economics for Everyone)
Chapter 17. Inflation, Central Banks and Monetary Policy (Economics for Everyone)
2. MID-TERM
Chapter 12. Aggregate Supply, Aggregate Demand, and Inflation: Putting It All
Together. Sections 1 to 4 (Macroeconomics in Context)
IV. Macroeconomic Issues and Applications (Macroeconomics in Context, 2nd
edition)
Chapter 15. The Financial Crisis and the Great Recession (2nd edition)
Chapter 16. Deficits and Debt (2nd edition)
Assessment will be provided on the basis of two mid-terms (the first 20% and the second
25%), assignments (15%) and a comprehensive final examination (40%).
Exam Structure: They will be a combination of multiple choice and short answer
questions and short essays. We will have a review session prior to each exam.
Policy on Make-up Exam: There are no make-up midterms and your midterm grades
will be calculated on the basis of the midterms you are present. If you miss a midterm
because of a valid reason the weight of your final will be increased by 15 points. If you
do not take a midterm without providing a valid justification you will obtain a score equal
to zero.