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MACROECONOMICS COURSE IDENTIFICATION AND APPLICATION INFORMATION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
ECF208 MACROECONOMICS 4 3 3 6

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)

Explain the basic concepts and assumptions in macroeconomics.
Explain the equilibrium of an economy by using the aggregate demand and aggregate supply model.
Explain the fiscal policies including expansionary and contractionary policies.
Illustrate how monetary policy affects the GDP and interest rates in the structure of macroeconomic theories.
Analyze the relationship between variables such as national income, money and interest in open and closed economies.