| Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
|---|---|---|---|---|---|
| ECF208 | MACROECONOMICS | 5 | 3 | 3 | 5 |
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. |