| Course Title | Code | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|
| Macro Economics | ULUS102 | 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 | |
| Instructors |
Recai AYDIN |
| Assistants | |
| Goals | Objectives of the Course are to teach the basic concepts of macroeconomics, firstly to teach 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 | Definition, content and development of macroeconomics, economics education and method problems, macroeconomic analysis and macroeconomic models, functioning of market economy, market and non-market failures and macroeconomic equilibrium analysis, production capacity and national income, price movements and inflation measurement, employment capacity and unemployment. factors such as measurement, economic growth and economic fluctuations, net social welfare, micro foundations of macroeconomics, factors determining consumption-saving and investment tendency, public sector and economic balance, open economy and economic equilibrium, foreign exchange market and exchange rates, money market, interest rates and financial markets |
| Learning Outcomes |
- Learning the basic concepts of macroeconomics - To know the basic problems of a country's economy - To know the state's macroeconomic policy tools - To be able to analyze the effects of state economic policies on national income - To be able to analyze the positive and negative effects of foreign trade on the national economy - Understand the characteristics of simple macroeconomic models and compare them among them |
| 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 | Use of supply and demand curves in macro analysis. Development and assumptions of classical analysis. Classical production function, labor supply and demand | |
| 5. Week | otal 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 national income level with effective demand and investment saving equation | |
| 8. Week | Midterm Exam | |
| 9. Week | Changes in total expenditures and multiplier mechanism. Effects of price changes on balance 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 outlines | |
| 13. Week | The role of the public sector in the economy. Effects of public expenditures and taxes on balance income. Equivalent budget multiplier theorem | |
| 14. Week | Fiscal policy tools and automatic stabilizers. Budget and state debts |
| Z. TUNCA: “Makro İktisat” Filiz Kitabevi, İstanbul,2005 |
| Program Requirements | Contribution Level | DK1 | DK2 | DK3 | DK4 | DK5 | DK6 | Measurement Method |
|---|---|---|---|---|---|---|---|---|
| PY1 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY2 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY3 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY4 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY5 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY6 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY7 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY8 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY9 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY10 | 3 | 0 | 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 | ||
