Macroeconomic Theory

This course employs the tools of macroeconomics to study various macroeconomic problems. The problems range from economic stability in the short run, to change prices in the medium run, and economic growth in the long run. We cover macroeconomic theories and models, and apply them to address macroeconomic issues in the real world.

Macroeoconomic Theory I – Fall

The course has two main parts: theories and applications. First, students gain conceptual and theoretical knowledge. Then, we develop models to explain the behavior of the economy in the short run.

The primary goal of this course is to develop a consistent way of thinking about some key macroeconomic phenomena such as output gap, inflation, and unemployment.

In particular, we will try to address the following type of questions:

  • Why does macroeconomic activity fluctuate? 
  • How do different shocks and policies affect employment, output, inflation, investment and consumption over the business cycle?


Macroeconomics, G. Mankiw
Macroeconomics, O. Blanchard

IKT219 Macroeconomic Theory I – Syllabus

You can see it here.

Course Plan

Week 1: The Science of Macroeconomics

Lecture Note

Week 2 : The Data of Macroeconomics

Lecture Note

Week 3: Money and Inflation

Lecture Note

Week 4: The Core of Macroeconomic Theory