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Information
| Code | ECOS314 |
| Name | Macroeconomics |
| Term | 2024-2025 Academic Year |
| Semester | 6. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof.Dr. HÜSEYİN MAHİR FİSUNOĞLU |
| Course Instructor |
1 2 |
Course Goal / Objective
A deep understanding of basics of macroeconomics, understanding potential gdp (full employment gdp) and current gdp and policies toward potential gdp, the role ofiscal, monetary and foreign trade policies on full employment, the relationship between unempleyment- inflation.
Course Content
Basic macroecomic definations, basic economi systems and thoughts, gdp and its calculation, economic growth, unemployment, inflation, aggregate demand and aggregate supply, aggregate consumption, investment, fiscal and monetary policy, Philips curve analysis.
Course Precondition
There are no prerequisites.
Resources
Mishkin, F. S. (2011). Macroeconomics: Policy and Practice (Pearson Series in Economics). Prentice Hall.
Notes
Preston, A. J., & Pagan, A. R. (2008). The theory of economic policy. Cambridge Books.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | The importance of macroeconomics, understanding the relationship among economic growtg, inflation and unemployment. |
| LO02 | Understanding basic economic systems and thoughts. |
| LO03 | The importance of equilibrium and full employment/potential output. |
| LO04 | Economic policies (fiscal, monetary and foreign trade) toward equilibrium and full employment. |
| LO05 | Understanding the relationship between unemployment and inflation (The Phillips Curve Analysis) |
| LO06 | Understanding economic policies. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Has the conceptual and theoretical competence to explain the phenomena in the disciplines of Political Science and International Relations. | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Identifies the international and national issues by methodologies used in the disciplines of Political Science and International Relations; chooses the appropriate analysis techniques across the issues and applies the appropriate empirical studies. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Becomes skilful at following and interpreting different social areas in international and national levels and also applies the problem-solving oriented practices. | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Collects, reviews and analyzes the data obtained which necessary for modelling applications in the Social Science. | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Individually and/or in a team, takes responsibility, leadership, and works effectively. | |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | In recognition of the need for lifelong learning, follows the latest developments in the field and improves himself/herself. | 5 |
| PLO07 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Uses Turkish, and at least one more foreign language, in accordance with the requirements of academic and work life. | |
| PLO08 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understands and interprets the feelings, thoughts and behaviors of related persons correctly; and expresses himself/herself in written and oral forms accurately. | 4 |
| PLO09 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development. | |
| PLO10 | Yetkinlikler - Öğrenme Yetkinliği | Questions traditional approaches, practices and methods; and develops and applies new study methods if necessary. | 5 |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | Recognizes and implements social, scientific and professional ethical values. | |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | Develops skills of defining and analyzing the international, regional and national oriented issues, producing appropriate conflict-resolution techniques and negotiation skills. | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Develops critical thinking skills. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | General framework for macroeconomics. | Review of Introduction to Economics II. | Öğretim Yöntemleri: Anlatım |
| 2 | Gdp and its calculation. | Student should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 3 | Gdp and its calculation (continue) | Student should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 4 | Economic growth, unemployment and inflation. | Student should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 5 | Understanding equilibrium income, aggregate demand and aggregate supply. | Student should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 6 | Understanding equilibrium income, aggregate demand and aggregate supply (continue). | Student should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 7 | Understanding equilibrium income, aggregate demand and aggregate supply (continue). 3 | Student should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Questions and answers. | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Fiscal policy. | Student should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 10 | Money, banking system and monetary policy. | Student should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 11 | Money, banking system and monetary policy (continue). | Student should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 12 | Foreign trade policies. | Student should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 13 | Three policies (fiscal, monetary and foreign trade) together. | Student should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 14 | The Phillips Curve Analysis. | Student should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 15 | general problems of macroeconomics. | Student should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | Questions and answers. | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Questions and answers. | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 10 | 10 |
| Final Exam | 1 | 10 | 10 |
| Total Workload (Hour) | 132 | ||
| Total Workload / 25 (h) | 5,28 | ||
| ECTS | 5 ECTS | ||