The aim of this course is to help students develop their ability and qualifications to understand and question macroeconomic issues. By using macroeconomic models (Simple Keynesian Models, IS-LM Model and AD-AS Models), it is aimed to explain how to use monetary and fiscal policies in the face of macroeconomic problems and how the effectiveness of these policies changes in closed and open economies.

In the scope of this course, the birth and development of macroeconomics, macroeconomic units and their relations, basic macroeconomic concepts and measurement, consumption, saving, investment, money supply and money demand functions of macroeconomic models and macroeconomic policies will be examined. After explaining macroeconomic models in general, Keynesian models will be explained mainly. Simple Keynesian Models, IS-LM Model and AD-AS Models will be analysed separately as closed and open models.