EASTERN MEDITERRANEAN UNIVERSITY
FACULTY OF BUSINESS AND ECONOMICS
DEPARTMENT OF BUSINESS ADMINISTRATION
2012-2013 SPRING SEMESTER
COURSE CODE: MGMT 510COURSE LEVEL: 1st SEMESTER MBA
COURSE TITLE : Macroeconomics for Managers
COURSE TYPE : AREA CORE
LECTURER : PROF. DR. SERHAN CIFTCIOGLU
CREDIT VALUE : 3 CR.HRS.
PREREQUISITIES : ECON 201
DURATION OF COURSE : ONE SEMESTER
WEB - LINK : http://fbemoodle.emu.edu.tr
OFFICE HOURS : MONDAYS : 14:30-15:20 THURSDAYS: 15.30-16.20 WEDNESDAYS :11:30-12 :20; 13.30-14.20 CATALOGUE DESCRIPTION : Short-Run fluctuations vs. Long-Run growth of an Economy Growth Domestic Product. Keynesian consumption and saving functions. Determinants of investment and net exports. Determination of equilibrium level of income in simple Keynesian model and the effects of Fiscal policy and Random shocks on macroeconomic equilibrium based on income-expenditure approach. Injection- Leakages approach to the analysis of equilibrium in simple Keynesian model. IS-LM model of an open economy and the effects of Monetary and Fiscal policy and Random shocks.
AIMS and OBJECTIVES : The primary goal of this course is to developed a general model of an open economy based on Keynesian assumptions which can be used to analyze the behaviour of fundamental macroeconomic variables such as national income, unemployment rate, private consumption and savings, private investment spending, exports, imports, trade balance, interest rate, exchange rate, tax revenue and budget deficit (or surplus) of government. The second goal of the course is to expose the students to relatively advanced material in relation to various macroeconomic topics through reading, presentation, assignments of professional articles and sections of various books. The third goal of the course is to improve the analytical capacity of students in terms of policy applications of the macroeconomic model developed in class to contemporary...