Course Syllabus EC 102-­‐01 Summer 2014 Principles of Macroeconomics, EC 102
Section 01, Summer 2014
Anil Aba
[email protected]
Meeting times: Tue, Wed, Thurs; 9:00am - 10:50am
Location: Tuesday at NH 405, Wednesday and Thursday NH 301
Office hours: Tue, Wed, Thurs; 11:00am -11:45am at Natuk Birkan 209B
Teaching Assistant: Derya Turgut, [email protected]; office hours TWH 1pm-2pm at IB209.
• Main textbook:
Mankiw, G. Principles of Macroeconomics (7th Edition),
Cengage Learning, ISBN: 1285165918
Optional readers:
Eğilmez, M., Kumcu, E. Ekonomi Politikası: Teori ve Uygulaması
Remzi Kitabevi, ISBN: 9789751415851
Edited, Real World Macro (30th Edition), Dollars & Sense
ISBN: 978-1-939402-03-5,
Course Description:
This introductory course covers the “neoclassical” theory of macroeconomics only. Topics
include supply and demand, interest rate, economic growth, investment, money, international trade
and open economy. Throughout the course we will critically analyze macroeconomic problems and
models suggested by this neoclassical paradigm.
College Algebra
Course Goals:
Students obtain an understanding of sophisticated ideas about how the economy works at the
macro level, from a narrow neoclassical perspective only. They learn and understand the forces
determining macroeconomic variables such as inflation, unemployment, interest rate, money,
exchange rate etc., again from the neoclassical perspective. At the end of the semester, students
should be able to interpret and evaluate media news on economy and criticize mainstream economics.
Students will be taking three equally weighted multiple-choice exams each worth 35% with
a total of 105%.
Course Syllabus EC 102-­‐01 Summer 2014 Make-up Policy:
No make-up exams will be given, regardless of reason, except when required under university
regulations. I will only give a makeup for midterms and final if:
1) You are very ill and have to be under a physician’s care for this condition. Supply of a note
from your physician has to be provided.
2) An immediate family member is very ill or has an emergency situation and you have a good
reason why this prevents you from attending the exam. I will be the judge of whether your reason
is good enough.
“Tentative” Schedule:
June 24th
June 25th
June 26th
Introduction, Ten Principles of Economics (Ch. 1)
Thinking Like an Economist (Ch.2)
Interdependence and the Gains From Trade (Ch.3)
July 1st
July 2nd
July 3rd
Market Forces of Supply and.. (Ch. 4) & Consumers, Producers, and..(Ch. 7)
Measuring a Nation's Income (Ch.10)
July 8th
July 9th
July 10th
Measuring the Cost of Living (Ch. 11)
Production and growth (Ch. 12)
Saving, Investment and the Fin... (Ch.13)
July 15th
July 16th
July 17th
Unemployment and Its Natural Rate (Ch. 15)
The Monetary System (Ch. 16)
July 22nd
July 23rd
July 24th
Money Growth and Inflation (Ch. 17)
Open-economy Macroeconomics: Basic Concepts (Ch. 18)
A Macroeconomic Theory of the Open Economy (Ch.19)
July 29th
July 30th
July 31st
Ramadan Holiday, No class
Ramadan Holiday, No class
Aggregate Demand and Aggregate Supply (Ch. 20)
Aug 5th
Aug 6th
Aug 7th
The Influence of Monetary and Fiscal Policy... (Ch. 21)
The Short-run Trade-off Between... (Ch. 22)

Principles of Macroeconomics, EC 102 Anil Aba Section 01