ITU Department of Economics

ECN 202E: Intermediate Macroeconomics

Spring 2023 Course Syllabus

Instructor: Dr. Serife Genc Ileri

Email: gencileri@gmail.com

Teaching Assistant: Ceyda Vatansever

Class Hours: Friday 9:00-11:40

PS Hours: Wednesday 11:45-12:45

Office Hours: By appointment

Textbook: Macroeconomics, 9th Edition by Gregory N. Mankiw ISBN-10: 1429240024

Description and Overview: This course is an intermediate macroeconomics course designed to teach you the
models for analyzing the macroeconomic concepts such as growth, investment, business cycles, inflation,
unemployment etc. We will build upon your knowledge from principles of macro course and deal with more
advanced analysis. We will start with “classical theory” to understand the determinants of main
macroeconomic variables in the long run. Then we will switch to Keynesian models and talk about IS/LM
model to analyze the causes of short-run fluctuations and how policy makers can affect this.

Course Evaluation:

Evaluation of your performance will be based on 4 unannounced, in-class quizzes, 1 midterm and 1 final
exam. There will be no make-up for the quizzes, so it is your responsibility to attend the class and not to miss
any quiz. If you miss a quiz for a medical reason that you can prove with a valid report, I will take the
average of the ones that you attended. I will not accept any excuse except for a medical emergency. The
grading of your performance will be done as follows:

Quizzes 25%

Midterm Exam 35%

Final Exam 40%

Exams and class tests will be in class and closed book.

 Course Plan (Subject to Change)

Week Required Reading

Week 1 Chapter 1: The Science of Macroeconomics
Chapter 2: The Data of Macroeconomics
Week 2 Chapter 3: National Income: Where It Comes From
and Where It Goes
Week 3 Chapter 4: The Monetary System: What It Is and
How It Works
Chapter 5: Inflation: Its Causes, Effects and Social
Costs
Week 4 Chapter 6: The Open Economy International Capital
Flows and Exchange Rates

Week 5 Chapter 7: Unemployment

Week 6 Chapter 8: Economic Growth I: Capital

Accumulation and Population Growth
Week 7 Chapter 9: Economic Growth II: Technology,
Empirics and Policy
Lecture Notes on Economic Growth

Week 8 Midterm
Week 9 Chapter 10: Introduction to Economic Fluctuations

Week 10 Chapter 11: Aggregate Demand I: Building the IS-

LM Model

Week 11 Chapter 12: Aggregate Demand II: Applying the IS-

LM Model
Week 13 Chapter 14: Aggregate Supply and the Short-Run
Tradeoff Between Inflation and Unemployment
Week 13 Chapter 13: Mundell-Fleming Model
Week 14 Review of the Course Preparations for the Final
Exam

FINAL EXAM