Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| INTERMADIATE MACROECONOMICS | - | Spring Semester | 3+0 | 3 | 6 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. Ayşe Saime DÖNER |
| Name of Lecturer(s) | Prof.Dr. Mesut KARAKAŞ |
| Assistant(s) | |
| Aim | Developing ability to use the tools of economic theory for the analysis of aggregate variables. Covering key topics such as macroeconomic measurement and data, labour markets, unemployment, consumption and savings, monetary and fiscal policy and international macroeconomics, you will have the opportunity to test economic models using real-world data. |
| Course Content | This course contains; Macroeconomics at a Glance: An Overview,Defining and Measuring Macroeconomics Aggregates,The Goods Market,Financial Markets and IS-LM Model,Labor Market and Aggregate Demand-Supply,Unemployment, Inflation and Money,Savings, Capital Accumulation and Output,Technological Progress and Growth,Technology: The Short, Medium and Long-Run,Expectations: Financial Markets, Consumption, Investment and Output,Open Economy Macroeconomics,Exchange Rate Regimes, Interest Rates and Output,Policy Makers, Games and Responses: A Quick Look ,Macroeconomics at a Context: The Case of Turkey. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Will be able to explain how markets are designed and economy as a whole work | 10, 14, 9 | A |
| 1.1 Explain the functioning of goods and financial markets | ||
| 1.2 Tell the dynamics of labor market | ||
| 1.3 Analyze the interaction between the goods and financial markets in aggregate terms | ||
| 2. Will be able to evaluate the relationship between unemployment, inflation and money supply | 10, 14, 9 | A |
| 2.1 Comment on the dynamics of unemployment | ||
| 2.2 Tell how money supply and inflation are co-working | ||
| 2.3 Compare the long-run and short-run dynamics of unemployment | ||
| 3. Will be able to make an understanding of standard and augmented growth models | 10, 14, 9 | A |
| 3.1 Evaluate the relationship between savings and capital accumulation | ||
| 3.2 Discuss the long-run growth scenarios under different patterns of capital accumulation | ||
| 3.3 Analyze the role of technology in the short, medium and long-run | ||
| 4. Will be able to assess expectations and their impact on financial and real markets | 10, 14, 9 | A |
| 4.1 Evaluate the effects of expectations over consumption | ||
| 4.2 Analyze the interaction between expectations and investment decisions | ||
| 4.3 Make comments on how consumption and investment decisions affect output | ||
| 5. Will be able to explain the international economic interactions and mechanisms | 10, 14, 9 | A |
| 5.1 Assess international trade dynamics and global financial flows | ||
| 5.2 Compare different type of exchange rate regimes and their economic outcomes | ||
| 5.3 Analyze the role of comparative interest rates in financial outflows and investments | ||
| 6. Will be able to criticize international policy-making institutions in terms of economic coordination | 10, 14, 9 | A |
| 6.1 Comment economic agents | ||
| 6.2 Evaluate the relationship between economic crises and economic agents | ||
| 7. Will be able to discuss basic macroeconomic developments in Turkey and the world | 10, 14, 9 | A |
| 7.1 Evaluate Turkey’s macroeconomic fundamentals with special emphasis on monetary policy | ||
| 7.2 Compare macro developments with those of the developing and developed economies |
| Teaching Methods: | 10: Discussion Method, 14: Self Study Method, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Macroeconomics at a Glance: An Overview | |
| 2 | Defining and Measuring Macroeconomics Aggregates | |
| 3 | The Goods Market | |
| 4 | Financial Markets and IS-LM Model | |
| 5 | Labor Market and Aggregate Demand-Supply | |
| 6 | Unemployment, Inflation and Money | |
| 7 | Savings, Capital Accumulation and Output | |
| 8 | Technological Progress and Growth | |
| 9 | Technology: The Short, Medium and Long-Run | |
| 10 | Expectations: Financial Markets, Consumption, Investment and Output | |
| 11 | Open Economy Macroeconomics | |
| 12 | Exchange Rate Regimes, Interest Rates and Output | |
| 13 | Policy Makers, Games and Responses: A Quick Look | |
| 14 | Macroeconomics at a Context: The Case of Turkey |
| Resources |
| Olivier Blanchard, Macroeconomics, 7th edition, Pearson Global Ed, 2016. Daron Acemoglu, David Laibson, John List, Macroeconomics, Pearson Global Ed, 2016. (Yardımcı kitap) |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | (S)he describes theoretical knowledge in economics and finance. | X | |||||
| 2 | (S)he explains mathematical and statistical methods needed for economics and finance. | X | |||||
| 3 | (S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB). | ||||||
| 4 | (S)he has the foreign language proficiency necessary for economics and finance. | ||||||
| 5 | (S)he develops projects in the field and handles team work. | ||||||
| 6 | (S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach. | ||||||
| 7 | (S)he uses theoretical and practical knowledge on economics and finance. | X | |||||
| 8 | (S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1. | ||||||
| 9 | (S)he adopts and uses organizational, corporate and social ethical values. | ||||||
| 10 | (S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity. | ||||||
| 11 | (S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies. | ||||||
| 12 | (S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |
| ECTS / Workload Table | ||||||
| Activities | Number of | Duration(Hour) | Total Workload(Hour) | |||
| Course Hours | 3 | 15 | 45 | |||
| Guided Problem Solving | 1 | 15 | 15 | |||
| Resolution of Homework Problems and Submission as a Report | 0 | 0 | 0 | |||
| Term Project | 0 | 0 | 0 | |||
| Presentation of Project / Seminar | 0 | 0 | 0 | |||
| Quiz | 2 | 15 | 30 | |||
| Midterm Exam | 1 | 40 | 40 | |||
| General Exam | 1 | 50 | 50 | |||
| Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
| Total Workload(Hour) | 180 | |||||
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(180/30) | 6 | |||||
| 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 |
|---|---|---|---|---|---|
| INTERMADIATE MACROECONOMICS | - | Spring Semester | 3+0 | 3 | 6 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. Ayşe Saime DÖNER |
| Name of Lecturer(s) | Prof.Dr. Mesut KARAKAŞ |
| Assistant(s) | |
| Aim | Developing ability to use the tools of economic theory for the analysis of aggregate variables. Covering key topics such as macroeconomic measurement and data, labour markets, unemployment, consumption and savings, monetary and fiscal policy and international macroeconomics, you will have the opportunity to test economic models using real-world data. |
| Course Content | This course contains; Macroeconomics at a Glance: An Overview,Defining and Measuring Macroeconomics Aggregates,The Goods Market,Financial Markets and IS-LM Model,Labor Market and Aggregate Demand-Supply,Unemployment, Inflation and Money,Savings, Capital Accumulation and Output,Technological Progress and Growth,Technology: The Short, Medium and Long-Run,Expectations: Financial Markets, Consumption, Investment and Output,Open Economy Macroeconomics,Exchange Rate Regimes, Interest Rates and Output,Policy Makers, Games and Responses: A Quick Look ,Macroeconomics at a Context: The Case of Turkey. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Will be able to explain how markets are designed and economy as a whole work | 10, 14, 9 | A |
| 1.1 Explain the functioning of goods and financial markets | ||
| 1.2 Tell the dynamics of labor market | ||
| 1.3 Analyze the interaction between the goods and financial markets in aggregate terms | ||
| 2. Will be able to evaluate the relationship between unemployment, inflation and money supply | 10, 14, 9 | A |
| 2.1 Comment on the dynamics of unemployment | ||
| 2.2 Tell how money supply and inflation are co-working | ||
| 2.3 Compare the long-run and short-run dynamics of unemployment | ||
| 3. Will be able to make an understanding of standard and augmented growth models | 10, 14, 9 | A |
| 3.1 Evaluate the relationship between savings and capital accumulation | ||
| 3.2 Discuss the long-run growth scenarios under different patterns of capital accumulation | ||
| 3.3 Analyze the role of technology in the short, medium and long-run | ||
| 4. Will be able to assess expectations and their impact on financial and real markets | 10, 14, 9 | A |
| 4.1 Evaluate the effects of expectations over consumption | ||
| 4.2 Analyze the interaction between expectations and investment decisions | ||
| 4.3 Make comments on how consumption and investment decisions affect output | ||
| 5. Will be able to explain the international economic interactions and mechanisms | 10, 14, 9 | A |
| 5.1 Assess international trade dynamics and global financial flows | ||
| 5.2 Compare different type of exchange rate regimes and their economic outcomes | ||
| 5.3 Analyze the role of comparative interest rates in financial outflows and investments | ||
| 6. Will be able to criticize international policy-making institutions in terms of economic coordination | 10, 14, 9 | A |
| 6.1 Comment economic agents | ||
| 6.2 Evaluate the relationship between economic crises and economic agents | ||
| 7. Will be able to discuss basic macroeconomic developments in Turkey and the world | 10, 14, 9 | A |
| 7.1 Evaluate Turkey’s macroeconomic fundamentals with special emphasis on monetary policy | ||
| 7.2 Compare macro developments with those of the developing and developed economies |
| Teaching Methods: | 10: Discussion Method, 14: Self Study Method, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Macroeconomics at a Glance: An Overview | |
| 2 | Defining and Measuring Macroeconomics Aggregates | |
| 3 | The Goods Market | |
| 4 | Financial Markets and IS-LM Model | |
| 5 | Labor Market and Aggregate Demand-Supply | |
| 6 | Unemployment, Inflation and Money | |
| 7 | Savings, Capital Accumulation and Output | |
| 8 | Technological Progress and Growth | |
| 9 | Technology: The Short, Medium and Long-Run | |
| 10 | Expectations: Financial Markets, Consumption, Investment and Output | |
| 11 | Open Economy Macroeconomics | |
| 12 | Exchange Rate Regimes, Interest Rates and Output | |
| 13 | Policy Makers, Games and Responses: A Quick Look | |
| 14 | Macroeconomics at a Context: The Case of Turkey |
| Resources |
| Olivier Blanchard, Macroeconomics, 7th edition, Pearson Global Ed, 2016. Daron Acemoglu, David Laibson, John List, Macroeconomics, Pearson Global Ed, 2016. (Yardımcı kitap) |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | (S)he describes theoretical knowledge in economics and finance. | X | |||||
| 2 | (S)he explains mathematical and statistical methods needed for economics and finance. | X | |||||
| 3 | (S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB). | ||||||
| 4 | (S)he has the foreign language proficiency necessary for economics and finance. | ||||||
| 5 | (S)he develops projects in the field and handles team work. | ||||||
| 6 | (S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach. | ||||||
| 7 | (S)he uses theoretical and practical knowledge on economics and finance. | X | |||||
| 8 | (S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1. | ||||||
| 9 | (S)he adopts and uses organizational, corporate and social ethical values. | ||||||
| 10 | (S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity. | ||||||
| 11 | (S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies. | ||||||
| 12 | (S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |