| Course Title | Code | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|
| Macroeconomics I | İKT203 | 3. 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 |
Assist. Prof. Dr. HANDE ÇALIŞKAN TERZİOĞLU |
| Instructors |
HANDE ÇALIŞKAN TERZİOĞLU |
| Assistants | |
| 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 |
- Students learn basic macroeconomic concepts and principles such as national income, aggregate supply, aggregate demand, inflation, unemployment, investment and consumption. - Students understand economic growth factors and methods of measuring this growth. - Students interpret unemployment rates and understand labor market dynamics. - Students understand the causes, effects and control methods of inflation. - Students learn the economic effects of central bank policies, money supply, interest policies, and budget policies. |
| Week | Topics | Learning Methods |
|---|---|---|
| 1. Week | Introduction to Macroeconomics, Major Economic Thoughts, Classification of Mainstream Economics Schools | Verbal Expression |
| 2. Week | National Income Accounting, Total Income, Total Expenditures Equation, Savings-Investment Equation, National Income Calculation Methods, Basic Concepts Related to GDP | Verbal Expression Research Preparation, After Class Study |
| 3. Week | National Income Accounting, Nominal and Real GDP, Economic Growth | Preparation, After Class Study Verbal Expression Research |
| 4. Week | Employment and Unemployment, Types of Unemployment, Evaluation of Unemployment, Calculation of Unemployment Rates | Verbal Expression Preparation, After Class Study Visual Presentation Research |
| 5. Week | Inflation, Types of Inflation and Their Effects, Consequences of Inflation, Expected Inflation, Calculation of Inflation Rates, Phillips Curve | Preparation, After Class Study Research Visual Presentation Verbal Expression |
| 6. Week | Consumption Expenditures | Visual Presentation Preparation, After Class Study Verbal Expression |
| 7. Week | Investment Expenditures | Preparation, After Class Study Verbal Expression Visual Presentation |
| 8. Week | MIDTERM EXAM | |
| 9. Week | Money Supply and Demand | Verbal Expression Visual Presentation Preparation, After Class Study |
| 10. Week | Monetary and Fiscal Policies | Preparation, After Class Study Visual Presentation Verbal Expression |
| 11. Week | Keynesian Models – Introduction Functioning of the Theory, Comparison of Classical Macroeconomic Theory and Keynesian Models | Preparation, After Class Study Verbal Expression Visual Presentation |
| 12. Week | Keynesian Models, Assumptions, Functions, Identities, National Income Balance, Multiplier and Accelerator Mechanism | Preparation, After Class Study Verbal Expression Visual Presentation |
| 13. Week | Keynesian Models- Assumptions, Functions, Identities, National Income Balance, Multiplier and Accelerator Mechanism | Visual Presentation Preparation, After Class Study Verbal Expression |
| 14. Week | General Balance of the Economy and General Evaluation | Visual Presentation Verbal Expression Preparation, After Class Study |
| Dornbusch, R., Fischer, S. & Startz, R. Makroeconomics. Çv. Salih Ak. Literatür Yayıncılık. |
| Bocutoğlu, E. (2021). Makro İktisat Teoriler ve Politikalar. Ekin Basım Yayın Dağıtım. |
| Program Requirements | Contribution Level | DK1 | DK2 | DK3 | DK4 | DK5 | Measurement Method |
|---|---|---|---|---|---|---|---|
| PY1 | 5 | 5 | 5 | 5 | 5 | 5 | - |
| PY2 | 5 | 5 | 5 | 5 | 5 | 5 | - |
| PY3 | 5 | 5 | 5 | 3 | 4 | 5 | - |
| PY4 | 4 | 3 | 3 | 3 | 3 | 5 | - |
| PY5 | 2 | 2 | 2 | 2 | 2 | 2 | - |
| PY6 | 4 | 4 | 4 | 3 | 3 | 4 | - |
| PY7 | 3 | 5 | 5 | 5 | 5 | 5 | - |
| PY8 | 4 | 5 | 5 | 5 | 5 | 5 | - |
| PY9 | 3 | 0 | 0 | 0 | 0 | 0 | - |
| PY10 | 2 | 2 | 2 | 2 | 2 | 2 | - |
| PY11 | 2 | 2 | 2 | 2 | 2 | 2 | - |
| PY12 | 3 | 4 | 4 | 4 | 4 | 4 | - |
| PY13 | 4 | 5 | 5 | 5 | 5 | 5 | - |
| PY14 | 1 | 3 | 3 | 3 | 3 | 3 | - |
| 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 |
| Homework 1 | 14 | 1 | 14 |
| Homework 2 | 1 | 1.5 | 1.5 |
| Final | 1 | 40 | 40 |
| Classroom Activities | 14 | 3 | 42 |
| Total Workload | 127.5 | ||
| ECTS Credit of the Course | 5.0 | ||
