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	Assoc.Prof. BÜLENT İLHAN
Instructor(s) of the Course Unit	Prof. BÜLENT EŞİYOK
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

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