Course Information

Course Information
Course Title Code Language Type Semester L+U Hour Credits ECTS
Macroeconomics I ECON203 Turkish Compulsory 3. Semester 3 + 0 3.0 5.0
Prerequisite Courses
Course Level Undergraduate
Mode of delivery face to face
Course Coordinator Dr. Öğr. Üyesi HANDE ÇALIŞKAN TERZİOĞLU
Instructor(s) Dr. Öğr. Üyesi HANDE ÇALIŞKAN TERZİOĞLU (Güz)
Goals Learning the basic concepts and theoretical structure of macroeconomics is to examine and analyze macroeconomic factors such as economic growth, unemployment and inflation, which are necessary to understand and manage the general economic performance of a country.
Course Content Basic concepts of macroeconomics, National income calculations, Employment and Unemployment, Inflation, Consumption Expenditures, Investment Expenditures, Monetary and Fiscal Policies, Total Supply and Total Demand, General Balance.
Learning Outcomes
# Öğrenme Kazanımı
1 Students learn basic macroeconomic concepts and principles such as national income, aggregate supply, aggregate demand, inflation, unemployment, investment and consumption.
2 Students understand economic growth factors and methods of measuring this growth.
3 Students interpret unemployment rates and understand labor market dynamics.
4 Students understand the causes, effects and control methods of inflation.
5 Students learn the economic effects of central bank policies, money supply, interest policies, and budget policies.
Lesson Plan (Weekly Topics)
Week Topics/Applications Method
1. Week Introduction to Macroeconomics,Scope of Macroeconomics, Major Economic Thoughts, Classification of Mainstream Macroeconomic Schools Interview, Presentation (Preparation)
2. Week National Income Accounting, Aggregate Output, Aggregate Income, Aggregate Expenditure Identity, Saving-Investment Identity, Methods of National Income Calculation, Basic Concepts of GDP Interview, Presentation (Preparation)
3. Week National Income Accounting, Nominal and Real GDP, Economic Growth Interview, Presentation (Preparation)
4. Week Employment and Unemployment, Types of Unemployment, Evaluation of Unemployment, Calculation of Unemployment Rates Interview, Presentation (Preparation)
5. Week Inflation, Types and Effects of Inflation, Consequences of Inflation, Expected Inflation, Calculation of Inflation Rate, Phillips Curve Interview, Presentation (Preparation)
6. Week Consumption Expenditures, Absolute Income Hypothesis, Relative Income Hypothesis, Life-Cycle Income Hypothesis, Permanent Income Hypothesis Interview, Presentation (Preparation)
7. Week Investment Expenditures, Net Fixed Capital Investment, Residential and Inventory Investment Interview, Presentation (Preparation)
8. Week Money Supply and Money Demand Interview, Presentation (Preparation)
9. Week Monetary and Fiscal Policies, Instruments of Monetary and Fiscal Policies, Expansionary and Contractionary Policies, Role of Monetary and Fiscal Policies in Fighting Inflation Interview, Presentation (Preparation)
10. Week Simple Keynesian Models – Introduction, Mechanism of the Theory, Comparison of Classical Macroeconomic Theory and Keynesian Models Interview, Presentation (Preparation)
11. Week Simple Keynesian Models – Closed Economy, Assumptions, Functions, Identities, National Income Equilibrium, Multiplier and Accelerator Mechanism Interview, Presentation (Preparation)
12. Week Simple Keynesian Models – Open Economy, Assumptions, Functions, Identities, National Income Equilibrium, Multiplier and Accelerator Mechanism Interview, Presentation (Preparation)
13. Week General Equilibrium of the Economy and Overall Evaluation Interview, Presentation (Preparation)
14. Week General Equilibrium of the Economy and Overall Evaluation Interview, Presentation (Preparation)
*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 Know the basic concepts of economics at an advanced level; can abstract the economic decision-making units in households, firms, government agencies, and predict the results of their decision-making mechanisms in different market and competition conditions.
2 Understand the objectives of economies such as growth, employment, productivity, sustainability; may propose solutions to problems such as unemployment, contraction, inflation, high interest rates and similar problems.
3 Capable to make sense of the international interactions of national economies with an international economic perspective.
4 Have knowledge about the historical development of the world economy and its current structure, understand the working process of different economic systems.
5 Can combine economic theory with mathematical, statistical and econometric skills to analyze concrete situations; are experienced in economic data collection and analysis methods by utilyzing technology.
6 Analyze the different sectors of the economy such as agriculture, industry and services through the Production Factors such as Labor, Capital, Natural Resource, Information and Entrepreneurship and evaluate the country economies.
7 Know the current status, historical background, the strengths and weaknesses of Turkish economy in macro and micro scale; can propose solutions, make theoretical and applied studies in this direction as individuals and teams.
8 Know the relations of economics as a social science with other sciences especially with politics, business administration, law, history, mathematics and engineering; reflect the theoretical knowledge in practice and have collaborative working culture.
9 Have the consciousness of lifelong learning, use the education to keep knowledge updated and contribute to the business life.
10 Have the cultural consciousness, know their own history, develop awareness of working with different cultures, respect individual, social and cultural rights.
11 Behave in accordance with ethical values in their works, have the ability of questioning, free thinking with no prejudices.
12 Have the consciousness of fulfilling the given tasks at the right time. In this process, utilize in maximum written, visual, audio sources and information-communication technologies.
13 Have the experience and ability to explain what they learn in written, oral and visual manner.
14 Use the Turkish and English language properly and effectively, and pursue professional readings in double language.
Relations with Education Attainment Program Course Competencies
Program Requirements DK1 DK2 DK3 DK4 DK5
PY1 5 5 5 5 5
PY2 5 5 5 5 5
PY3 5 5 5 5 5
PY4 4 4 4 4 4
PY5 2 2 2 2 2
PY6 4 4 4 4 4
PY7 3 3 3 3 3
PY8 4 4 4 4 4
PY9 3 3 3 3 3
PY10 2 2 2 2 2
PY11 2 2 2 2 2
PY12 3 3 3 3 3
PY13 4 4 4 4 4
PY14 1 1 1 1 1
Recommended Sources
Ders Kitabı veya Notu Ders Kitabı veya Ders Notu bulunmamaktadır.
Diğer Kaynaklar
  • Dornbusch, R., Fischer, S. & Startz, R. Makroeconomics. Çv. Salih Ak. Literatür Yayıncılık.
  • Bocutoğlu, E. (2021). Makro İktisat Teoriler ve Politikalar. Ekin Basım Yayın Dağıtım.
Evaluation Method
Güz Dönemi
Responsible Personnel Grup Evaluation Method Percentage
Dr. Öğr. Üyesi HANDE ÇALIŞKAN TERZİOĞLU Vize 40.00
Dr. Öğr. Üyesi HANDE ÇALIŞKAN TERZİOĞLU 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 15 1 15
Research 12 1 12
Interview 14 1 14
Presentation (Preparation) 13 0.5 6.5
Other Activities 16 1 16
Sınavlar
Midterm 1 1 1
Final 1 1 1
Classroom Activities 20 1 20
Total Workload 127.5
*AKTS = (Total Workload) / 25,5 ECTS Credit of the Course 5.0