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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
EKF208 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 macro economy.(2)
Identify the necessary macroeconomic indicators such as GDP, inflation rate, unemployment and growth.(2)
Explain the balance level of an economy by using the aggregate demand and total supply model.(2)
Explain the fiscal policies including expansionary and contractionary policies.(2)
Analyze the relationship between variables such as national income, money and interest in open and closed economies.(4)
Illustrate how monetary policy affects GDP and interest rates in the structure of macroeconomic theories.(3)