Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| MACROECONOMICS | - | Spring Semester | 3+0 | 3 | 5 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | Turkish |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assoc.Prof. Kenan DEMİR |
| Name of Lecturer(s) | Assoc.Prof. Kenan DEMİR |
| Assistant(s) | |
| Aim | This lecture aims to explain the dynamics of a national economy and how the related policies are formulated in light of basic economic principles. |
| Course Content | This course contains; Introduction To Macroeconomics,Calculating National Income,Economic Growth,Inflation,Unemployment,Aggregate Expenditures and Equilibrium,Fiscal Policy,Money Market and Monetary Policy,AS-AD Model I: Aggregate Demand,AS-AD Model II: Aggregate Supply,International Trade,International Finance and Economic Crises,Alternative Views in Macro Economics,Turkish Economy. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Will be able to explain in general how the economy works. | 10, 16, 9 | A |
| 1.1. Explains how financial markets run. | 10, 16, 9 | A |
| 1.2. Analyzes the economy in terms of national income and employment level. | 10, 16, 9 | A |
| 1.3. Explains the interaction between financial markets and real economy. | 10, 16, 9 | A |
| 2. Will be able to make suggestions regarding economic policy. | 10, 16, 9 | A |
| 2.1. Evaluates the decisions made by the central bank. | 10, 16, 9 | A |
| 2.2. Criticizes the monetary policy implemented theoretically. | 10, 16, 9 | A |
| 2.3. Evaluates the fiscal policy applied by the government. | 10, 16, 9 | A |
| 2.4. Comments on the long-term economic policies required for economic development. | 10, 16, 9 | A |
| 3. Will be able to analyze current economic events. | 10, 16, 9 | A |
| 3.1. Comments on the changes in the real aggregates such as economic growth and employment level. | 10, 16, 9 | A |
| 3.2. Discusses the influences on the economy of financial variables such as exchange rate and interest rate. | 10, 16, 9 | A |
| 3.3. Analyzes general situation of the Turkish economy in light of the changes. | 10, 16, 9 | A |
| 4. Will be able to compare economic schools from various aspects. | 10, 16, 9 | A |
| 4.1. Comments on the general approach to economics of the classical school. | 10, 16, 9 | A |
| 4.2. Comments on the general approach to economics of the Keynesian school. | 10, 16, 9 | A |
| 4.3. Tells the suggestions regarding economic policy of the other schools of economic thought. | 10, 16, 9 | A |
| 4.4. Explains in what subjects schools of economic thought have conflicting or overlapping opinions. | 10, 16, 9 | A |
| 5. Will be able to evaluate international economic developments. | 10, 16, 9 | A |
| 5.1. Explains the basic dynamics of developed and developing economies. | 10, 16, 9 | A |
| 5.2. Assesses the developments in international financial markets. | 10, 16, 9 | A |
| 5.3. Makes comments on global trade relationships. | 10, 16, 9 | A |
| Teaching Methods: | 10: Discussion Method, 16: Question - Answer Technique, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Introduction To Macroeconomics | Reading relevant chapter in the textbook |
| 2 | Calculating National Income | Reading relevant chapter in the textbook |
| 3 | Economic Growth | Reading relevant chapter in the textbook |
| 4 | Inflation | Reading relevant chapter in the textbook |
| 5 | Unemployment | Reading relevant chapter in the textbook |
| 6 | Aggregate Expenditures and Equilibrium | Reading relevant chapter in the textbook |
| 7 | Fiscal Policy | Reading relevant chapter in the textbook |
| 8 | Money Market and Monetary Policy | Reading relevant chapter in the textbook |
| 9 | AS-AD Model I: Aggregate Demand | Reading relevant chapter in the textbook |
| 10 | AS-AD Model II: Aggregate Supply | Reading relevant chapter in the textbook |
| 11 | International Trade | Reading relevant chapter in the textbook |
| 12 | International Finance and Economic Crises | Reading relevant chapter in the textbook |
| 13 | Alternative Views in Macro Economics | Reading relevant chapter in the textbook |
| 14 | Turkish Economy | Reading relevant chapter in the textbook |
| Resources |
| Karl E. Case vd, Ekonominin İlkeleri, Palme Yayıncılık, Ankara, 2010. |
| 1. Case, Fair and Oster, Principles of Economics, Pearson, 2019 2. Krugman and Welles, Macroeconomics The MIT Press, 2012 3. Begg, Vernasca, Fischer and Dornbusch, Economics. McGraw-Hill Education, 2020 4. Abel, Bernanke, Croushore, Makro Ekonomi, 9 th Edition, Efil Press, 2017 |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | 1. Students will know basic concepts and theories of both research and application in political science and public administration. | ||||||
| 2 | 2. Students will be able to analyze facts about politics, political and constitutional systems, and public administration by taking different dimensions into account. They will also be able to understand the causes of new developments and problems in these fields, find solutions for these problems, and think systematically about them. | X | |||||
| 3 | 3. Students will be able to work in processes such as strategic planning, policy making, project productions, auditing, decision making, evaluation and implementation both in public and private sector, political parties, and non-governmental organizations. | ||||||
| 4 | 4. Students will be able to deal with complexities stemming from natural or social systems and uncertainties about the facts and values. | X | |||||
| 5 | 5. Students will be able to take active roles in teams formed for producing solutions to the problems related to their own majors, manage activities through planning, and do academic research. | X | |||||
| 6 | 6. Students will be able to collect data in their own field, analyze these data by using technology effectively, and evaluate and critically interpret them. | X | |||||
| 7 | 7. Students will be able to use basic concepts and methods that the administrators would need in various fields such as economics, management, international relations, and communication. | X | |||||
| 8 | 8. Students will be able to use Turkish fluently and correctly in scientific and professional studies. They will also be able to read and understand at least one foreign language. | X | |||||
| 9 | 9. Being always open to learning, students will be able to evaluate the facts with a critical approach. | X | |||||
| 10 | 10. Students will be able to take responsibility in developing projects on voluntary basis and actively participate in them. | ||||||
| 11 | 11. Students will act with an ethical consciousness and have a respect for to human rights. They will be open to communication with people and able to work in cooperation. | X | |||||
| 12 | 12. Students will be able to constitute high performance structures in public and private institutions by using modern management methods and instruments. | X | |||||
| 13 | 13. Students will be able to enable other groups and institutions to participate in policy-making processes, make decisions open to collaboration, and manage negotiation processes. | ||||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 20 | |
| Rate of Final Exam to Success | 80 | |
| Total | 100 | |
| ECTS / Workload Table | ||||||
| Activities | Number of | Duration(Hour) | Total Workload(Hour) | |||
| Course Hours | 14 | 3 | 42 | |||
| Guided Problem Solving | 0 | 0 | 0 | |||
| Resolution of Homework Problems and Submission as a Report | 2 | 5 | 10 | |||
| Term Project | 1 | 15 | 15 | |||
| Presentation of Project / Seminar | 0 | 0 | 0 | |||
| Quiz | 2 | 10 | 20 | |||
| Midterm Exam | 1 | 26 | 26 | |||
| General Exam | 1 | 37 | 37 | |||
| Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
| Total Workload(Hour) | 150 | |||||
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(150/30) | 5 | |||||
| ECTS of the course: 30 hours of work is counted as 1 ECTS credit. | ||||||
Detail Informations of the Course
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| MACROECONOMICS | - | Spring Semester | 3+0 | 3 | 5 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | Turkish |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assoc.Prof. Kenan DEMİR |
| Name of Lecturer(s) | Assoc.Prof. Kenan DEMİR |
| Assistant(s) | |
| Aim | This lecture aims to explain the dynamics of a national economy and how the related policies are formulated in light of basic economic principles. |
| Course Content | This course contains; Introduction To Macroeconomics,Calculating National Income,Economic Growth,Inflation,Unemployment,Aggregate Expenditures and Equilibrium,Fiscal Policy,Money Market and Monetary Policy,AS-AD Model I: Aggregate Demand,AS-AD Model II: Aggregate Supply,International Trade,International Finance and Economic Crises,Alternative Views in Macro Economics,Turkish Economy. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Will be able to explain in general how the economy works. | 10, 16, 9 | A |
| 1.1. Explains how financial markets run. | 10, 16, 9 | A |
| 1.2. Analyzes the economy in terms of national income and employment level. | 10, 16, 9 | A |
| 1.3. Explains the interaction between financial markets and real economy. | 10, 16, 9 | A |
| 2. Will be able to make suggestions regarding economic policy. | 10, 16, 9 | A |
| 2.1. Evaluates the decisions made by the central bank. | 10, 16, 9 | A |
| 2.2. Criticizes the monetary policy implemented theoretically. | 10, 16, 9 | A |
| 2.3. Evaluates the fiscal policy applied by the government. | 10, 16, 9 | A |
| 2.4. Comments on the long-term economic policies required for economic development. | 10, 16, 9 | A |
| 3. Will be able to analyze current economic events. | 10, 16, 9 | A |
| 3.1. Comments on the changes in the real aggregates such as economic growth and employment level. | 10, 16, 9 | A |
| 3.2. Discusses the influences on the economy of financial variables such as exchange rate and interest rate. | 10, 16, 9 | A |
| 3.3. Analyzes general situation of the Turkish economy in light of the changes. | 10, 16, 9 | A |
| 4. Will be able to compare economic schools from various aspects. | 10, 16, 9 | A |
| 4.1. Comments on the general approach to economics of the classical school. | 10, 16, 9 | A |
| 4.2. Comments on the general approach to economics of the Keynesian school. | 10, 16, 9 | A |
| 4.3. Tells the suggestions regarding economic policy of the other schools of economic thought. | 10, 16, 9 | A |
| 4.4. Explains in what subjects schools of economic thought have conflicting or overlapping opinions. | 10, 16, 9 | A |
| 5. Will be able to evaluate international economic developments. | 10, 16, 9 | A |
| 5.1. Explains the basic dynamics of developed and developing economies. | 10, 16, 9 | A |
| 5.2. Assesses the developments in international financial markets. | 10, 16, 9 | A |
| 5.3. Makes comments on global trade relationships. | 10, 16, 9 | A |
| Teaching Methods: | 10: Discussion Method, 16: Question - Answer Technique, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Introduction To Macroeconomics | Reading relevant chapter in the textbook |
| 2 | Calculating National Income | Reading relevant chapter in the textbook |
| 3 | Economic Growth | Reading relevant chapter in the textbook |
| 4 | Inflation | Reading relevant chapter in the textbook |
| 5 | Unemployment | Reading relevant chapter in the textbook |
| 6 | Aggregate Expenditures and Equilibrium | Reading relevant chapter in the textbook |
| 7 | Fiscal Policy | Reading relevant chapter in the textbook |
| 8 | Money Market and Monetary Policy | Reading relevant chapter in the textbook |
| 9 | AS-AD Model I: Aggregate Demand | Reading relevant chapter in the textbook |
| 10 | AS-AD Model II: Aggregate Supply | Reading relevant chapter in the textbook |
| 11 | International Trade | Reading relevant chapter in the textbook |
| 12 | International Finance and Economic Crises | Reading relevant chapter in the textbook |
| 13 | Alternative Views in Macro Economics | Reading relevant chapter in the textbook |
| 14 | Turkish Economy | Reading relevant chapter in the textbook |
| Resources |
| Karl E. Case vd, Ekonominin İlkeleri, Palme Yayıncılık, Ankara, 2010. |
| 1. Case, Fair and Oster, Principles of Economics, Pearson, 2019 2. Krugman and Welles, Macroeconomics The MIT Press, 2012 3. Begg, Vernasca, Fischer and Dornbusch, Economics. McGraw-Hill Education, 2020 4. Abel, Bernanke, Croushore, Makro Ekonomi, 9 th Edition, Efil Press, 2017 |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | 1. Students will know basic concepts and theories of both research and application in political science and public administration. | ||||||
| 2 | 2. Students will be able to analyze facts about politics, political and constitutional systems, and public administration by taking different dimensions into account. They will also be able to understand the causes of new developments and problems in these fields, find solutions for these problems, and think systematically about them. | X | |||||
| 3 | 3. Students will be able to work in processes such as strategic planning, policy making, project productions, auditing, decision making, evaluation and implementation both in public and private sector, political parties, and non-governmental organizations. | ||||||
| 4 | 4. Students will be able to deal with complexities stemming from natural or social systems and uncertainties about the facts and values. | X | |||||
| 5 | 5. Students will be able to take active roles in teams formed for producing solutions to the problems related to their own majors, manage activities through planning, and do academic research. | X | |||||
| 6 | 6. Students will be able to collect data in their own field, analyze these data by using technology effectively, and evaluate and critically interpret them. | X | |||||
| 7 | 7. Students will be able to use basic concepts and methods that the administrators would need in various fields such as economics, management, international relations, and communication. | X | |||||
| 8 | 8. Students will be able to use Turkish fluently and correctly in scientific and professional studies. They will also be able to read and understand at least one foreign language. | X | |||||
| 9 | 9. Being always open to learning, students will be able to evaluate the facts with a critical approach. | X | |||||
| 10 | 10. Students will be able to take responsibility in developing projects on voluntary basis and actively participate in them. | ||||||
| 11 | 11. Students will act with an ethical consciousness and have a respect for to human rights. They will be open to communication with people and able to work in cooperation. | X | |||||
| 12 | 12. Students will be able to constitute high performance structures in public and private institutions by using modern management methods and instruments. | X | |||||
| 13 | 13. Students will be able to enable other groups and institutions to participate in policy-making processes, make decisions open to collaboration, and manage negotiation processes. | ||||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 20 | |
| Rate of Final Exam to Success | 80 | |
| Total | 100 | |