This course aims to explain how to use monetary and fiscal policies in the face of macroeconomic problems by using Simple Keynesian Models, IS-LM Model, and AD-AS Models and how the effectiveness of these policies changes in closed and open economies. It also aims to understand the macroeconomic dimension of the business cycle, growth, and development problems.

The main topics to be covered in the course are as follows: Simple Keynesian Model, IS-LM Model, AD-AS Model, closed and open economy models. Besides, Classical and Keynesian economic models will be compared, and critical topics, such as cyclical fluctuations, economic growth and development, will be analyzed.