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MACROECONOMICS PROGRAMME COURSE DESCRIPTION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
ECF208 MACROECONOMICS 4 3 3 6

GENERAL INFORMATION

Language of Instruction : English
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 Prof. BÜLENT EŞİYOK
Instructor(s) of the Course Unit
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 macroeconomics.
Explain the equilibrium of an economy by using the aggregate demand and aggregate supply model.
Explain the fiscal policies including expansionary and contractionary policies.
Illustrate how monetary policy affects the GDP and interest rates in the structure of macroeconomic theories.
Analyze the relationship between variables such as national income, money and interest in open and closed economies.

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY

Week Preparatory Topics(Subjects) Method
1 Reading What is Macroeconomics? Macroeconomic Concepts Lecture & Question and Answer & Discussion
2 Reading A Tour of the World Lecture & Question and Answer & Discussion
3 Reading The Goods Market Lecture & Question and Answer & Discussion
4 Reading The Financial Markets: I Lecture & Question and Answer & Discussion
5 Reading Goods and Financial Markets: The IS-LM Model Lecture & Question and Answer & Discussion
6 Reading Financial Markets II: The Extended IS-LM Model Lecture & Question and Answer & Discussion
7 Reading The Labour Market Lecture & Question and Answer & Discussion
8 - MID-TERM EXAM -
9 Reading The Phillips Curve, The Natural Rate of Unemployment and Inflation Lecture & Question and Answer & Discussion
10 Reading From the Short to the Medium Run: The IS-LM-PC Model Lecture & Question and Answer & Discussion
11 Reading Openness in Goods and Financial Markets Lecture & Question and Answer & Discussion
12 Reading The Goods Market in an Open Economy Lecture & Question and Answer & Discussion
13 Reading Output, the Interest Rate, and the Exchange Rate Lecture & Question and Answer & Discussion
14 Reading Macroeconomics: Events and Ideas Lecture & Question and Answer & Discussion
15 Reading General Review Lecture & Question and Answer & Discussion
16 - FINAL EXAM -
17 - FINAL EXAM -

SOURCE MATERIALS & RECOMMENDED READING

Blanchard, O. (2021). Macroeconomics. 8th edition. Boston: Pearson.

ASSESSMENT

Assessment & Grading of In-Term Activities Number of Activities Degree of Contribution (%) Description
Level of Contribution
0 1 2 3 4 5

CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES

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)
4
2
Evaluate the economic environment and overall sustainability of firms. (Bloom 4)
1

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)
4
2
Define principles, concepts, methods and theories related with economics and finance. (Bloom 1)
3

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)
4

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)
4
2
Analyze economic and financial reports. ((bloom 4)
2
3
Use basic mathematics, statistics and econometric methods and tools to solve economic and financial problems. (Bloom 3)
4
4
Interpret the operation of current economic, political and social events by using institutional information related with Economics and Finance.(Bloom 2)
4

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).
2

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)
3

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)
4
2
Evaluate the effectiveness of the general economic system and public policies and their effects on markets and basic economic variables.(Bloom 4)
4
3
Analyze the cause and effect relationships between the relevant economic variables. (Bloom 4)
3
4
Evaluate the expected trends and portfolio analyzes in interest and exchange rates within the framework of the general financial system. (Bloom 4)
4

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 2 26
Land Surveying 0 0 0
Group Work 0 0 0
Laboratory 0 0 0
Reading 13 2 26
Assignment (Homework) 4 2 8
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 4 8 32
Mid-Term Exam 1 1 1
Preparation for the Mid-Term Exam 2 8 16
Short Exam 0 0 0
Preparation for the Short Exam 0 0 0
TOTAL 52 0 152
Total Workload of the Course Unit 152
Workload (h) / 25.5 6
ECTS Credits allocated for the Course Unit 6,0