Course Information

Course Information
Course Title Code Language Type Semester L+U Hour Credits ECTS
Macroeconomics II ECON204 Turkish Compulsory 4. 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 (Bahar)
Goals The objective of this course is to enable students to understand modern macroeconomic theories (IS-LM, AD-AS, classical and Keynesian models), macroeconomic equilibrium analyses, and the effects of monetary and fiscal policies on economic equilibrium; and to develop the ability to analytically evaluate macroeconomic developments within the framework of business cycle fluctuations and growth theories.
Course Content IS-LM curves, simple Keynesian models, aggregate demand-aggregate supply models, underemployment-full employment equilibrium, the effectiveness of economic policies, business cycles, economic growth theories
Learning Outcomes
# Öğrenme Kazanımı
1 Explain macroeconomic equilibrium within the framework of the basic Keynesian model and the IS–LM model.
2 Compare closed and open economy models and analyze their equilibrium conditions.
3 Solve underemployment and full employment equilibrium conditions within the Aggregate Demand–Aggregate Supply (AD–AS) model framework.
4 Evaluate the effects of monetary and fiscal policies on macroeconomic variables.
5 Relate business cycles and growth theories to macroeconomic indicators.
6 Approaches economic policy debates with a scientific and critical perspective.
Lesson Plan (Weekly Topics)
Week Topics/Applications Method
1. Week Simple Keynesian Model – Equilibrium Interview, Presentation (Preparation)
2. Week Introduction to the IS–LM Model Interview, Presentation (Preparation)
3. Week IS–LM Model in a Closed Economy Interview, Presentation (Preparation)
4. Week IS–LM Model in an Open Economy Interview, Presentation (Preparation)
5. Week Policy Analysis in the IS–LM Model Interview, Presentation (Preparation)
6. Week Aggregate Demand – Aggregate Supply (AD–AS) Model Interview, Presentation (Preparation)
7. Week Aggregate Demand – Aggregate Supply (AD–AS) Model (Continuation) Interview, Presentation (Preparation)
8. Week Policy Applications and Analysis in the AD–AS Model Interview, Presentation (Preparation)
9. Week Underemployment and Full Employment Equilibrium in the AD–AS Model Interview, Presentation (Preparation)
10. Week Macroeconomic Models, Equilibrium, and Effectiveness of Economic Policies (Classical–Keynesian Models) Interview, Presentation (Preparation)
11. Week Macroeconomic Models, Equilibrium, and Effectiveness of Economic Policies (Monetary Model – New Classical and New Keynesian Models) Interview, Presentation (Preparation)
12. Week Business Cycles Interview, Presentation (Preparation)
13. Week Economic Growth Theories Interview, Presentation (Preparation)
14. Week General Evaluation and Comparison of Models 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 DK6
PY1 5 5 5 5 5 5
PY2 5 5 5 5 5 5
PY3 5 5 5 5 5 5
PY4 4 4 4 4 4 4
PY5 4 4 4 4 4 4
PY6 4 4 4 4 4 4
PY7 4 4 4 4 4 4
PY8 3 3 3 3 3 3
PY9 3 3 3 3 3 3
PY10 4 4 4 4 4 4
PY11 3 3 3 3 3 3
PY12 3 3 3 3 3 3
PY13 4 4 4 4 4 4
PY14 3 3 3 3 3 3
Recommended Sources
Ders Kitabı veya Notu Ders Kitabı veya Ders Notu bulunmamaktadır.
Diğer Kaynaklar
  • Prof. Dr. Ersan Bocutoğlu, Makro İktisat: Teoriler ve Politikalar, 15. Baskı, Ekin Yayınevi.
  • Rudiger Dornbusch, Stanley Fischer & Richard Startz, Makroekonomi, 12.th edition, Literatür
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 3 5 15
Research 2 6 12
Interview 2 7 14
Presentation (Preparation) 1 6.5 6.5
Other Activities 2 8 16
Sınavlar
Midterm 1 1 1
Final 1 1 1
Classroom Activities 1 20 20
Total Workload 127.5
*AKTS = (Total Workload) / 25,5 ECTS Credit of the Course 5.0