This course 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,Money, saving, investment and financial system,Inflation,Money supply and demand,Labor market and unemployment,Aggregate demand in the goods and money markets,Aggregate supply and the equilibrium price level,Financial crises,Fiscal and monetary policy,International trade,International finance,Alternative views in Macroeconomics.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1.Wil be able to explains how economy works in general.
10, 14, 9
A
1.1 Explains how financial markets work.
10, 14, 9
A
1.2 Evaluate the economy in terms of national income and employment level.
10, 12, 14, 9
A
1.3 Explain the interaction between financial markets and real economy.
10, 14, 9
A
2. Will be able to take suggestions regarding economic policy.
10, 13, 14, 9
A
2.1 Evaluate the decisions made by central bank.
10, 13, 14, 9
A
2.2 Criticize the monetary policy and the fiscal policy implemented theoretically.
10, 13, 14, 9
A
2.3 Comment on the long-term economic policies required for economic development.
10, 14, 9
A
3. Will be able to analyze current economic phenomena.
10, 13, 14, 9
A
3.1 Comment on the changes in the real aggregates like economic growth and employment level.
10, 13, 14, 9
A
3.2 Discuss the influences on the economy of financial variables like exchange rate and interest rate.
10, 13, 14, 9
A
3.3 Analyze general situation of the Turkish economy in light of the changes in the economy.
10, 13, 14, 9
A
4. Will be able to compare schools of economic thought in different aspects.
10, 14, 9
A
4.1 Comment on the general approach to economics of the classical school.
10, 14, 9
A
4.2 Comment on the general approach to economics of the Keynesian school.
10, 14, 9
A
4.3 Tell the suggestions regarding economic policy of the other schools of economic thought.
10, 14, 9
A
5. Will be able to evaluate international economic developments.
10, 13, 14, 9
A
5.1 Explain the basic dynamics of developed and developing economies.
10, 13, 14, 9
A
5.2 Assess the developments in international financial markets.
10, 13, 14, 9
A
5.3 Make comments on global trade relationships.
10, 13, 14, 9
A
Teaching Methods:
10: Discussion Method, 12: Problem Solving Method, 13: Case Study Method, 14: Self Study Method, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
Introduction to macroeconomics
2
Calculating national income
3
Economic growth
4
Money, saving, investment and financial system
5
Inflation
6
Money supply and demand
7
Labor market and unemployment
8
Aggregate demand in the goods and money markets
9
Aggregate supply and the equilibrium price level
10
Financial crises
11
Fiscal and monetary policy
12
International trade
13
International finance
14
Alternative views in Macroeconomics
Resources
- Daron Acemoglu, David Laibson John list, "Economics", Pearson.
- Case Fair and Oster, Pearson 2016
- Principles of Economics
Karl E. Case et al. , Principles of Economics, Pearson USA
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.
X
5
(S)he develops projects in the field and handles team work.
X
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
X
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.
X
9
(S)he adopts and uses organizational, corporate and social ethical values.
X
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
14
3
42
Guided Problem Solving
0
0
0
Resolution of Homework Problems and Submission as a Report
2
10
20
Term Project
0
0
0
Presentation of Project / Seminar
0
0
0
Quiz
3
5
15
Midterm Exam
1
41
41
General Exam
1
52
52
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
170
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(170/30)
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
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
Name of Lecturer(s)
Prof.Dr. Hatice KARAHAN
Assistant(s)
Aim
This course 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,Money, saving, investment and financial system,Inflation,Money supply and demand,Labor market and unemployment,Aggregate demand in the goods and money markets,Aggregate supply and the equilibrium price level,Financial crises,Fiscal and monetary policy,International trade,International finance,Alternative views in Macroeconomics.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1.Wil be able to explains how economy works in general.
10, 14, 9
A
1.1 Explains how financial markets work.
10, 14, 9
A
1.2 Evaluate the economy in terms of national income and employment level.
10, 12, 14, 9
A
1.3 Explain the interaction between financial markets and real economy.
10, 14, 9
A
2. Will be able to take suggestions regarding economic policy.
10, 13, 14, 9
A
2.1 Evaluate the decisions made by central bank.
10, 13, 14, 9
A
2.2 Criticize the monetary policy and the fiscal policy implemented theoretically.
10, 13, 14, 9
A
2.3 Comment on the long-term economic policies required for economic development.
10, 14, 9
A
3. Will be able to analyze current economic phenomena.
10, 13, 14, 9
A
3.1 Comment on the changes in the real aggregates like economic growth and employment level.
10, 13, 14, 9
A
3.2 Discuss the influences on the economy of financial variables like exchange rate and interest rate.
10, 13, 14, 9
A
3.3 Analyze general situation of the Turkish economy in light of the changes in the economy.
10, 13, 14, 9
A
4. Will be able to compare schools of economic thought in different aspects.
10, 14, 9
A
4.1 Comment on the general approach to economics of the classical school.
10, 14, 9
A
4.2 Comment on the general approach to economics of the Keynesian school.
10, 14, 9
A
4.3 Tell the suggestions regarding economic policy of the other schools of economic thought.
10, 14, 9
A
5. Will be able to evaluate international economic developments.
10, 13, 14, 9
A
5.1 Explain the basic dynamics of developed and developing economies.
10, 13, 14, 9
A
5.2 Assess the developments in international financial markets.
10, 13, 14, 9
A
5.3 Make comments on global trade relationships.
10, 13, 14, 9
A
Teaching Methods:
10: Discussion Method, 12: Problem Solving Method, 13: Case Study Method, 14: Self Study Method, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
Introduction to macroeconomics
2
Calculating national income
3
Economic growth
4
Money, saving, investment and financial system
5
Inflation
6
Money supply and demand
7
Labor market and unemployment
8
Aggregate demand in the goods and money markets
9
Aggregate supply and the equilibrium price level
10
Financial crises
11
Fiscal and monetary policy
12
International trade
13
International finance
14
Alternative views in Macroeconomics
Resources
- Daron Acemoglu, David Laibson John list, "Economics", Pearson.
- Case Fair and Oster, Pearson 2016
- Principles of Economics
Karl E. Case et al. , Principles of Economics, Pearson USA
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.
X
5
(S)he develops projects in the field and handles team work.
X
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
X
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.
X
9
(S)he adopts and uses organizational, corporate and social ethical values.
X
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.
