Education Information System | Duzce University

Course Information

Course Title	Code	Semester	L+U Hour	Credits	ECTS
Macro Economics	POLS102	2. Semester	3 + 0	3.0	5.0

Prerequisites	None

Language of Instruction	English
Course Level	Undergraduate
Course Type
Mode of delivery	Face-to-face
Course Coordinator	Assoc. Prof. Dr. Ömer LİMANLI
Instructor(s)	Ömer LİMANLI
Assistants
Goals	Transferring the basic subjects of macroeconomics to the student, firstly learning the theory. Then, by linking these theoretical knowledge with daily life, to educate students who will be able to interpret the economic events in the country and the world accurately and to follow and understand the economics literature consciously.
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

Weekly Topics (Content)

Week	Topics	Learning Methods
1. Week	Introduction: Definition, aim, tools and topics of macroeconomics
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
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
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
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.
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
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
7. Week	Determination of investment function, equilibrium of national income level with effective demand and investment saving equation
8. Week	Midterm
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
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
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
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
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.
13. Week	The role public sector in economy, public expenditures.
14. Week	Fiscal policy tools and automatic stabilizers. Budget and state debts
14. Week	Fiscal policy tools and automatic stabilizers. Budget and state debts

Recommended Sources

Z. TUNCA: “Makro İktisat” Filiz Kitabevi, İstanbul, 2005