| Course Title | Code | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|
| Macro Economy | SBKY102 | 2. Semester | 3 + 0 | 3.0 | 5.0 |
| Prerequisites | None |
| Language of Instruction | Turkish |
| Course Level | Undergraduate |
| Course Type | |
| Mode of delivery | Face-to-face |
| Course Coordinator |
Assoc. Prof. Dr. İbrahim KÜLÜNK |
| Instructors |
İbrahim KÜLÜNK |
| Assistants | |
| Goals | To convey the fundamental topics of macroeconomics, such as growth, inflation, and employment, to students and ensure that they first learn the theoretical framework. Then, by linking this theoretical knowledge to everyday life, to cultivate students who can accurately interpret economic events occurring in the country and worldwide, follow economic literature consciously, and understand it effectively. |
| Course Content | This course is an introductory course that aims to teach students basic knowledge in macro economics. Topics covered include national income, total demand, total supply, money and price levels in the long run, inflation and unemployment. |
| Learning Outcomes |
- To be able to use theoretical and practical knowledge acquired in economics. - To be able to interpret and evaluate the data by analyzing the concepts and opinions in the field of economics with scientific methods. - To be able to inform relevant people and institutions in the field of economics; have the ability to transfer ideas and solutions to problems in writing and orally. - To be able to share their ideas and suggestions in the field of economics with qualitative and quantitative data and share them with experts and non-experts. - To have scientific and ethical values in the stages of collection, interpretation, announcement and implementation of economic data. |
| Week | Topics | Learning Methods |
|---|---|---|
| 1. Week | Introduction: Definition, aim, tools and topics of macroeconomics | |
| 2. Week | Calculation and measurement of national income, the flow of income, the role of the state, the outer world. Imbalances and problems | |
| 3. Week | Nominal and real national income, income per capita and international comparisons | |
| 4. Week | Supply and demand curves, classical production functions, labor supply and demands | |
| 5. Week | Total supply in classical analysis. Classic investment savings balance. Criticism about quantity theory and quantity theory. | |
| 6. Week | Keynes's theory and its assumptions. Total supply in Keynesian theory. Consumption and saving function | |
| 7. Week | Determination of investment function, equilibrium of national income level with effective demand and investment saving equation | |
| 8. Week | Determination of investment function, equilibrium of national income level with effective demand and investment saving equation | |
| 9. Week | Changes in total expenditures and multiplier mechanism. Effects of price changes on equilibrium total demand | |
| 10. Week | Savings paradox. Deflationary and inflationary gap | |
| 11. Week | Slope of the AS curve and shifts in the AS curve. Slope of AD curve and shifts in AD curve. Total supply in Keynes and Classic system | |
| 12. Week | Income and price changes depending on total supply and aggregate demand. Classical, new classic, Keynesian and new Keynesian policies | |
| 13. Week | The role public sector in economy, public expenditures. | |
| 14. Week | Fiscal policy tools and automatic stabilizers. Budget and state debts |
| "Macroeconomics: Theories and Policies", Prof. Dr. Ersan Bocutoğlu, Murathan Publishing House. |
| Program Requirements | Contribution Level | DK1 | DK2 | DK3 | DK4 | DK5 | Measurement Method |
|---|---|---|---|---|---|---|---|
| PY1 | 2 | 0 | 0 | 0 | 0 | 0 | - |
| PY2 | 2 | 0 | 0 | 0 | 0 | 0 | - |
| PY3 | 2 | 0 | 0 | 0 | 0 | 0 | - |
| PY4 | 2 | 0 | 0 | 0 | 0 | 0 | - |
| PY5 | 3 | 0 | 0 | 0 | 0 | 0 | - |
| PY6 | 1 | 0 | 0 | 0 | 0 | 0 | - |
| PY7 | 4 | 0 | 0 | 0 | 0 | 0 | - |
| PY8 | 3 | 0 | 0 | 0 | 0 | 0 | - |
| 0 | 1 | 2 | 3 | 4 | 5 | |
|---|---|---|---|---|---|---|
| Course's Level of contribution | None | Very Low | Low | Fair | High | Very High |
| Method of assessment/evaluation | Written exam | Oral Exams | Assignment/Project | Laboratory work | Presentation/Seminar |
| Event | Quantity | Duration (Hour) | Total Workload (Hour) |
|---|---|---|---|
| Midterm 1 | 1 | 30 | 30 |
| Quiz 1 | 1 | 15.5 | 15.5 |
| Final | 1 | 40 | 40 |
| Classroom Activities | 14 | 3 | 42 |
| Total Workload | 127.5 | ||
| ECTS Credit of the Course | 5.0 | ||
