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IC162616 Macroeconomics

COURSE INFORMATION

. Credits: 4

. Semester: 2026 Summer

. Teaching Methods: Online

. Time: May 18 - July 31, 2026

COURSE DESCRIPTION

Macroeconomics is the study of how economies function as a whole, examining key issues like national income, inflation, and economic growth. This course explores the foundations of macroeconomic theory, focusing on how economic systems interact locally and globally. Through studying models like IS-LM and Mundell-Fleming, you’ll gain insight into the causes and effects of economic fluctuations, fiscal and monetary policies, and their impact on everyday life.

PREREQUISITES

None.

COURSE OBJECTIVES

By the end of this course, students should be able to:

1.   Understand key macroeconomic concepts, including national income, inflation, and unemployment;

2.   Apply models like IS-LM to real-world economic problems;

3.   Analyze the causes and effects of inflation and government debt;

4.   Examine the relationship between aggregate demand and supply;

5.   Understand the role of fiscal and monetary policies in stabilizing the economy;

6.   Explore how consumption, investment, and the financial system affect economic growth.

REQUIRED TEXTBOOKS AND MATERIALS

. Required Text: Gregory Mankiw; Mark Taylor, Macroeconomics, European Edition.

. Recommended Texts & Other Readings: None.

COURSE OUTLINE

Lectures

Topics

Tasks

1

Foundations of Macroeconomic Analysis

2

Measuring Economic Activity and Living Standards

Assignment#1

3

Production, Income Distribution, and Expenditure Flows

4

Money, Banking, and the Role of Central Banks

Quiz 1

5

Inflation Dynamics and Social Consequences

Assignment#2

6

Macroeconomics of the Open Economy

7

Labour Markets, Employment, and Joblessness

Quiz 2

8

Long-Run Growth and Capital Accumulation

Assignment#3

9

Technology, Policy, and Cross-Country Growth Patterns

10

Business Cycles and Economic Fluctuations

Midterm Exam

11

Aggregate Demand Framework and the IS-LM Model

12

Macroeconomic Policy Analysis Using IS-LM

Quiz 3

13

Exchange Rates, Capital Flows, and the Mundell- Fleming Model

Assignment#4

14

Aggregate Supply and Inflation–Unemployment Trade-Offs

15

Stabilization Policy and Macroeconomic Management

Quiz 4

16

Public Debt, Deficits, and Fiscal Sustainability

Assignment#5

17

Monetary Integration and Currency Unions in Europe

18

Consumption and Investment Behaviour

Quiz 5

19

Financial Systems, Crises, and Macroeconomic Risk

Final Exam

ASSESSMENT AND GRADING

Assessment

Percentage

Format/Grading

5 Quizzes

25%

Computer/Instructor

5 Assignments

40%

Computer/Instructor

Midterm Exam

15%

Computer/Instructor

Final Exam

20%

Computer/Instructor

Total

100%


Grade

Percentage

A

93-100%

A-

90-92%

B+

87-89%

B

83-86%

B-

80-82%

C+

77-79%

C

73-76%

C-

70-72%

D+

67-69%

D

60-66%

F

0-59%

*Since there is no physical class attendance in online courses, it is crucial to regularly log in to the course platform, submit assignments on time, take exams, or communicate with instructors. You must engage in these activities to ensure that your participation is properly recognized and documented.

COURSE POLICIES

Technology Policy

You need to have access to a personal computer or laptop with a working webcam and microphone in order to access all features of the course. Exams are proctored remotely using Zoom, which records you and your environment during the exam. You must install Zoom to  take an exam. Any student who accesses a phone or any internet-capable device during an exam for any reason automatically receives a score of zero. All such devices must be turned off, put away, and made inaccessible during the  exam. Since there is no physical class attendance in an online class, online instructors will certify last days attended/participated based on verifiable participation only, such as submitted assignments, exams taken, participation in online discussions, or communicating with the instructor by email.

Academic Honesty

Academic integrity is of utmost importance. All students are expected to adhere to the university's policies on academic honesty. Plagiarism, cheating, and other forms of academic misconduct will not be tolerated and will result in disciplinary action, which may include failure of the assignment, failure of the course, or further action by the university.

Course Withdrawal

Students may withdraw from the course according to the university's withdrawal policy. It is the student's responsibility to be aware of the deadlines and procedures for withdrawing from a course. Withdrawal forms must be submitted by Withdrawal Deadline.

Late Work Policy

Assignments are expected to be submitted on time. Late submissions will incur penalties as follows: a 10% deduction per day for submissions  1-3 days late, a 20% deduction per day for submissions 4-7 days late, and submissions more than 7 days late will not be accepted without prior arrangement. Students are allowed one 48-hour grace period for one assignment per semester, provided they notify the  instructor before the original deadline. Extensions may be granted for documented emergencies, and students observing religious or cultural events should  notify the instructor in advance to arrange alternative deadlines.

Special Needs or Assistance

Students with disabilities or who require special accommodations should contact the instructor as early as possible. The university provides  resources and support for students with special needs, and the instructor will work with the university's disability services to ensure that appropriate accommodations are made.