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) | |
| 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 | Defines the theoretical issues in the field of International Trade and Finance (ITF). | X | |||||
| 2 | Describes the necessary quantitative and statistical methods in the field of ITF. | X | |||||
| 3 | Uses at least one computer program in the field of ITF. | ||||||
| 4 | Sustains proficiency in a foreign language required in ITF. | ||||||
| 5 | Prepares trade and finance projects and leads teams. | X | |||||
| 6 | Constantly updates himself / herself by following developments in science and technology with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that s/he has got. | X | |||||
| 7 | Uses theoretical and practical expertise in the field of ITF. | X | |||||
| 8 | Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication skills. | X | |||||
| 9 | Adopts organizational / institutional and social ethical values. | X | |||||
| 10 | Within the framework of community involvement, adopts social responsibility principles and takes initiative when necessary. | X | |||||
| 11 | Uses and analyses basic facts and data in various disciplines (economics, finance, sociology, law, business) in order to conduct interdisciplinary studies. | X | |||||
| 12 | Gains expertise in global trade, export and import transactions, customs clearance and financing of foreign trade. | X | |||||
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) | |
| 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 | Defines the theoretical issues in the field of International Trade and Finance (ITF). | X | |||||
| 2 | Describes the necessary quantitative and statistical methods in the field of ITF. | X | |||||
| 3 | Uses at least one computer program in the field of ITF. | ||||||
| 4 | Sustains proficiency in a foreign language required in ITF. | ||||||
| 5 | Prepares trade and finance projects and leads teams. | X | |||||
| 6 | Constantly updates himself / herself by following developments in science and technology with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that s/he has got. | X | |||||
| 7 | Uses theoretical and practical expertise in the field of ITF. | X | |||||
| 8 | Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication skills. | X | |||||
| 9 | Adopts organizational / institutional and social ethical values. | X | |||||
| 10 | Within the framework of community involvement, adopts social responsibility principles and takes initiative when necessary. | X | |||||
| 11 | Uses and analyses basic facts and data in various disciplines (economics, finance, sociology, law, business) in order to conduct interdisciplinary studies. | X | |||||
| 12 | Gains expertise in global trade, export and import transactions, customs clearance and financing of foreign trade. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 20 | |
| Rate of Final Exam to Success | 80 | |
| Total | 100 | |