ECON 222

Course Code & Number

ECON 222

Course Title

Macroeconomics II

Level

BS

Credit Hours/ ECTS Credits

(3+0+0) 3 TEDU Credits, 6 ECTS Credits

Year of Study:

Sophomore

Semester:

Spring

Type of Course:

Compulsory

Mode of Delivery:

Face-to-face

Language of Instruction:

English

Pre-requisite / Co-requisite:

Catalog Description

Application of macroeconomic theory to current policy issues. Use of analytical tools to understand macroeconomy. Response of policy makers to macroeconomic issues. Unemployment and inflation. Adaptive and rational expectations. Policy effectiveness under rational expectations. Independency of central bank. Growth theory.

Course Objectives

The aim of this course is to introduce students the use of analytical tools of macroeconomy. Students would understand the response of policy makers to macroeconomic issues and expectations. Students are encouraged to use their knowledge of macroeconomic theory to gain a better understanding of current macroeconomic events and issues.

Course Learning Outcomes

Upon succesful completion of this course, a student will be able to
1. Apply macroeconomics to current policy issues. 
2. Predict responses of policy makers to different macroeconomic issues. 
3. Explain unemployment and inflation and their impact on the economy. 
4. Analyze adaptive and rational expectations. 
5. Describe policy effectiveness under rational expectations. 
6. Analyze the impacts of central bank independence on inflation and output. 

Recommended Reading

1. Barro. R., Macroeconomics: A Modern Approach. South-Western College Pub., Cincinnati, 2007.