Course Code and name	ECO 238 Macroeconomic Theory II
Course Type	Compulsive
Course Credit	3 0 3
ECTS Credit	6
Lecturer	Assist. Prof. Lütfi ERDEN
Pre-requisite(s)	None
Course Length	1 Semester / 3 hours each week
Course Content	I- More on the AS behaviour II- Adaptive and Rational Expectations III- Monetarist Approach IV- Relationship between Inflation, unemployment and output V- Issues related to macroeconomic policy-making VI- Open economy macroeconomics (Mundell-Fleming Model)
Course Objective and Fulfillments to be obtained by Students	This course focuses on the role of expectations, relationship between unemployment, prices and output and, the issues concerning macroeconomic policy making. At the end of this course students should be able to: Understand and explain the basic principles determining the level of economic activity and understand and explain the causes and processes of inflation, unemployment and national income determination, and extend their understanding of closed economy relationships to the analysis of basic open economy issues
References	1) Macroeconomics: Theories and Policies by Richard Froyen, Prentice Hall 2) Macroeconomics by Dornbusch, Fischer and Startz, MacGraw Hill 3) Macroeconomics by Mankiw, Worth
Teaching Method	Lecture and problem sessions
Assessment Method	1 Midterm (40%) and 1 Final Exam (60%)
Instruction Language	English