MACROECONOMIC THEORY PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
EFS612	MACROECONOMIC THEORY	1	3	3	6

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	DOCTOR OF PHILOSOPHY, TYY: + 7.Level, EQF-LLL: 7.Level, QF-EHEA: Third Cycle
Type of the Course :	Elective
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Assist.Prof. MEHMET SAYA
Instructor(s) of the Course Unit	Assoc.Prof. İSMAİL CEM AY
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	The objective of this course is to introduce economic concepts, basic instruments of the economy and macroeconomics theories.
Contents of the Course Unit:	Definition of Economics, Comprehension, functioning of macro economic activity

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Examine theories of macroeconomics and assess and question their current validity
Discuss the current economic problems and explain problems with their reasons and solutions
Identify and summarize macroeconomic policies
Explain relations

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	-	A general overview of macroeconomics indicators	Lecturing
2	-	Measurement macroeconomic indicators	Lecturing
3	-	The concept of Commodity market and financial market	Lecturing
4	-	The concept of Commodity market and financial market (cont.)	Lecturing
5	-	ISLM Model	Lecturing
6	-	ISLM Model (cont.)	Lecturing
7	-	Labour Market	Lecturing
8	-	MID-TERM EXAM	-
8	-	MID-TERM EXAM	-
9	-	NAIRU and Phillips Curves	Lecturing
10	-	NAIRU and Phillips Curves	Lecturing
11	-	Open Economy	Lecturing
12	-	Open Economy	Lecturing
13	-	Expectations, financial and commodity markets	Lecturing
14	-	Expectations, production and policy	Lecturing
15	-	FINAL EXAM	-
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Yıldırım, Kemal, Kahraman, Doğan, Taşdemir, Murat (2010). Makro Ekonomi. Ankara: Seçkin Yayıncılık
Branson H.William (1995). Makro İktisat Teorisi Ve Politikası. Çev: İbrahim Kanyılmaz, İstanbul: Alfa.
Mankiw, Gregory N. (2009). Makroekonomi. Çev: Ömer Faruk Çolak. Ankara: Eflatun Yayınlar

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method
Mid-Term Exam	1	50
Final Exam	1	50
TOTAL	2	100

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Identifying the theories regarding economics and finance						5

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpreting the relevance of economics and finance with the other disciplines					4
2	Having knowledge of international economics and finance			2

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpreting the contemporary affairs regarding economics and finance					4

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Making economic and financial analyses			2

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Doing qualitative and quantitative researches about the issues related to the field					4
2	Using time effectively and efficiently					4

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Adopting the philosophy of life-long learning					4

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Using Turkish efficiently in written and oral communication in accordance with the rules						5
2	Engaging in economic and financial activities in terms of humanitarian and social aspects			2

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Continuous improving of knowledge regarding the structure and characteristics of economic and financial variables						5
2	Understanding the relation among the concepts like growth, investment, inflation, interest rates, unemployment, exchange rate and international trade and interpretation of those.						5

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	12	3	36
Land Surveying	0	0	0
Group Work	2	5	10
Laboratory	0	0	0
Reading	6	3	18
Assignment (Homework)	5	3	15
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	1	15	15
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	1	10	10
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	43	0	148