Course Information

Course Information
Course Title Code Language Type Semester L+U Hour Credits ECTS
Macroeconomics SSG207 Turkish Compulsory 3. Semester 3 + 0 3.0 5.0
Prerequisite Courses
Course Level Undergraduate
Mode of delivery Lecture (face-to-face)
Course Coordinator Prof. Dr. Cahit AYDEMİR
Instructor(s) Prof. Dr. Cahit AYDEMİR (Güz)
Goals To provide the necessary hardware to analyze and identify macroeconomic cases and problems.
Course Content The definition of the macro economy, content and development; training and methodological problems of economics; macroeconomic analysis and macro-economic models, the functioning of the market economy, market and non-market failures and macroeconomic equilibrium analysis, production capacity and national income, measurement of price movements and inflation, measurement of employment capacity and unemployment, economic growth and economic fluctuations, net social welfare, under the heading of micro foundations of macro-economic factors that determine the trend of consumption-saving and investment, public sector and economic stability, an open economy and economic balance, foreign exchange market and foreign currency exchange rates, money market, interest rates and financial markets
Learning Outcomes
# Öğrenme Kazanımı
1 Theoretical: Establishing sufficient infrastructure for basic concepts and theories in macroeconomics Applied: detection and measurement of macro magnitudes in the context of different theories
2 Skill Conceptual: Ability to analyze macroeconomic variables and ability to construct economical models suitable for economic conjuncture Cognitive Application: Ability to make econometric and mathematical analyzes to select and solve correct economic policies against macroeconomic imbalances
3 Learning Competency: Ability to access information and search for resources for this purpose, use databases and other information sources Professional Competence in the Field: Professional ethics and responsibility awareness. Ability to apply theoretical knowledge acquired within the framework of macroeconomic policies
Lesson Plan (Weekly Topics)
Week Topics/Applications Method
1. Week (Giriş ve Temel Kavramlar) Makro İktisat Kavramı; Makro iktisat - mikro iktisat ayrımı; Makro iktisadın temel inceleme alanları; Makro iktisatta yöntem İNGILIZCE (Introduction and Basic Concepts) Concept of Macroeconomics; Macroeconomics - microeconomic separation; Basic research areas of macroeconomics; Method in macroeconomics
2. Week (Macro Sizes and Measurement) Measurement of Gross Domestic Product (GDP): production approach, expenditure approach, income approach; GDP-related quantities: Real GSYH, National Rate, Net Domestic Product, National Income, Personal Income, Disposable Personal Income; Measurement of Unemployment, Measuring Inflation (TÜFE - UFE), Measurement of Growth Rate
3. Week (Classical Macroeconomic Theory) Classical Macro-economic Approach: Basic assumptions of classical economy, Productivity, Investment-saving identity, Classical interest theory,
4. Week (Simple Keynes Model) Total planned expenditure: Consumption function, Saving function, Investment function, Public expenditures; Expenditure equation: the formation and exchange of equilibrium in the commodity market,
5. Week (Macroeconomic Model of the Keyses Modyen) Multiplier Mechanism: investment multiplier, transfer expenditure multiplier, tax multiplier, public expenditure multiplier, net foreign trade multiplier; inflationist - Deflationary Open and Fiscal policy,
6. Week (Interest Rate Relation IS-LM Model) Interaction in goods and money markets; Derivation of the IS curve, the slope and position of the IS; Money supply and demand, Equilibrium in money market, Derivation of LM curve, LM's slope and position, Simultaneous equilibrium in goods and money market, Change of equilibrium and effectiveness of fiscal / monetary policies
7. Week (Total Demand Analysis) Total Demand curve: Derivation of the curve (Keynesian approach, Pigou approach), slope and position; Simultaneous effects of Monetary and Fiscal Policies; Concepts of budget deficit, Supply-side economics and budget deficits, budget deficit financing, budget deficit, senyoraj and inflation
8. Week Effects of Monetary and Fiscal Policies on Aggregate Demand
9. Week (Total Supply Analysis) Classical total supply curve, Keynes' total supply curve, market disruptions and total supply curve, M. Friedman, Lucas, S. Fisher, Short and Long Term Total supply curves; Dynamic aggregate supply and aggregate demand models
10. Week (Inflation Rate Relationship) Causes of inflation and inflation; Effects of monetary and fiscal policies on inflation; Anti-inflationist policies under the assumption of Adaptive Expectations and Rational Expectations; Cost of Inflation
11. Week (Employment Analysis) Unemployment and Employment Concepts; Types of Unemployment, Unemployment and Inflation, Phillips Curve, Short and Long Term Phillips Curves,
12. Week (Money Market Analysis) Definition of money, functions and money systems; Demand for classic money: Quantity Theory (Yale-Fisher Approach, Cambridge Approach), Keynes's Money Demand Theory: Liquidity Preference Theory, Baumol-Tobin Money Demand Model, Tobin's Risk Money Demand Model, Modern Quantity Theory; Money supply: the creation of money (banks), money multiplier, determinants of money supply, monetary policy and tools
13. Week (Micro Fundamentals of Macro Economics) Consumption; Absolute income hypothesis, Relative income hypothesis, Fisher's time between consumption selection model, Lifetime income hypothesis, Continuous income hypothesis Random walking model, Investment; Fixed investment, stock investment, current value criterion and Keynes's marginal effectiveness analysis of capital, Simple accelerating model, Neo-classical investment model, Tobin's Q theory
14. Week (Döviz Piyasası Analizi) Döviz kuru sistemleri, açık ekonomide toplam planlanan harcama, açık ekonomide mal piyasası dengesi, açık ekonomide çarpan, net ihracat, devalüasyon ve revalüasyon, Marshall-Larner koşulu ve J eğrisi Ödemeler Bilançosu Analizi, İç ve diş dengenin birlikte analizi (IS-LM-BP) Modeli,
*Midterm and final exam dates are not specified in the 14-week course operation plan. Midterm and final exam dates are held on the dates specified in the academic calendar with the decision of the University Senate.
The Matrix for Course & Program Learning Outcomes
No Program Requirements Level of Contribution
1 2 3 4 5
1 Ability to have professional ethics and responsibility
5 Current and future-oriented interpretation of financial issues
10 The level of knowledge to be able to read and analyze financial statements,
Relations with Education Attainment Program Course Competencies
Program Requirements DK1 DK2 DK3
PY1 1 1 1
PY5 5 5 5
PY10 5 5 5
Recommended Sources
Ders Kitabı veya Notu
Diğer Kaynaklar
  • ÜNSAL Erdal (2009), Makro İktisat, İmaj Yay. 8.Baskı, Ankara
  • .
Evaluation Method
Güz Dönemi
Responsible Personnel Grup Evaluation Method Percentage
Prof. Dr. Cahit AYDEMİR N.Ö.-İ.Ö. Vize 30.00
Prof. Dr. Cahit AYDEMİR N.Ö.-İ.Ö. Devam 10.00
Prof. Dr. Cahit AYDEMİR N.Ö.-İ.Ö. Final 60.00
Toplam 100.00
ECTS credits and course workload
ECTS credits and course workload Quantity Duration (Hour) Total Workload (Hour)
Ders İçi
Class Hours 14 3 42
Ders Dışı
Preparation, After Class Study 14 2 28
Research 5 3 15
Sınavlar
Midterm 1 1 10 10
Homework 1 5 3 15
Homework 2 5 3 15
Final 1 1 1
Classroom Activities 3 0.5 1.5
Total Workload 127.5
*AKTS = (Total Workload) / 25,5 ECTS Credit of the Course 5.0