MACROECONOMICS PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
EKF208	MACROECONOMICS	4	3	3	6

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course :	Compulsory
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Assoc.Prof. BÜLENT İLHAN
Instructor(s) of the Course Unit	Assoc.Prof. İSMAİL CEM AY
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	This course aims to provide the students with the ability to analyze and evaluate the decision-making mechanism of economic units as well as the theory and structure of macroeconomics, the concepts, functions, conditions and working policies of economic policies.
Contents of the Course Unit:	Contents of the course include the subjects such as national income and calculation methods, methods of calculation of unemployment and inflation, economic growth, Keynesian economics and classical economics.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Explain the basic concepts and assumptions in macro economy.(2)
Identify the necessary macroeconomic indicators such as GDP, inflation rate, unemployment and growth.(2)
Explain the balance level of an economy by using the aggregate demand and total supply model.(2)
Explain the fiscal policies including expansionary and contractionary policies.(2)
Analyze the relationship between variables such as national income, money and interest in open and closed economies.(4)
Illustrate how monetary policy affects GDP and interest rates in the structure of macroeconomic theories.(3)

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Reading	What is Macroeconomics and macroeconomic concepts?	Lecturing & Question Answer
2	Reading	Introduction to National Income Definition: Multiplier	Lecturing & Question Answer
3	Reading	Introduction to national income determination: Multiplier	Lecturing & Question Answer
4	Reading	Demand Equilibrium: Consumption and general level of prices	Lecturing & Question Answer
5	Reading	Supply Equilibrium: Production and general level of prices I	Lecturing & Question Answer
6	Reading	Supply Equilibrium: Production and general level of prices II	Lecturing & Question Answer
7	Reading	Equilibrium Approach	Lecturing & Question Answer
8	-	MID-TERM EXAM	-
9	Reading	Equilibrium Approach	Lecturing & Question Answer
10	Reading	Wages and Rigidity of unemployment	Lecturing & Question Answer
11	Reading	Monetary and fiscal Policy I	Lecturing & Question Answer
12	Reading	Monetary and fiscal Policy II	Lecturing & Question Answer
13	Reading	Consumption and Consumption Expenditures I	Lecturing & Question Answer
14	Reading	Consumption and Consumption Expenditures II	Lecturing & Question Answer
15	Reading	General Revision	Lecture & Question Answer & Problem-Solving Method
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Dinler, Z. İktisada Giriş. Ekin Kitabevi, İstanbul, 2006.
Dornbusch,R. Stanly Fischer, Richard Startz,(2011). Macroeconomics, 11th Edition. McGraw. New York
Bocutoglu, E.(2016). Makro Iktisat. Ekin Press
Unsal,E. (2015). Makro İktisat. Murat Publications.

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Define the basic concepts of economics, administrative and human sciences. (Bloom 1)		1
2	Evaluate the economic environment and overall sustainability of firms. (Bloom 4)				3

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate principles and concepts of economics and finance with other disciplines. (Bloom 4)			2
2	Define principles, concepts, methods and theories related with economics and finance. (Bloom 1)			2

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpret the charts and tables related to the field. (Bloom 2)				3

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Evaluate the theoretical models of economic policies which have direct or indirect effects by using the facts and dynamics of the economic system.(Bloom 4)				3
2	Analyze economic and financial reports. ((bloom 4)				3
3	Use basic mathematics, statistics and econometric methods and tools to solve economic and financial problems. (Bloom 3)			2
4	Interpret the operation of current economic, political and social events by using institutional information related with Economics and Finance.(Bloom 2)				3

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Organize economic and financial activities in humanitarian and social terms with adherence to ethics. (Bloom 4).	0

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Develop a critical perspective on national and international economic, political, social, financial and development problems. (bloom 6)				3

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Follow the agenda on economics, politics and social issues and improve himself/ herself. (bloom 6)			2

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze current issues and problems by using the structure and properties of Macro and Microeconomics and variables. (Bloom 4)						5
2	Evaluate the effectiveness of the general economic system and public policies and their effects on markets and basic economic variables.(Bloom 4)				3
3	Analyze the cause and effect relationships between the relevant economic variables. (Bloom 4)					4
4	Evaluate the expected trends and portfolio analyzes in interest and exchange rates within the framework of the general financial system. (Bloom 4)		1

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	14	3	42
Preliminary & Further Study	13	5	65
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	0	0	0
Assignment (Homework)	0	0	0
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	0	0	0
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	1	1	1
Preparation for the Final Exam	9	5	45
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	6	4	24
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	44	0	178