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. ONUR ÖZDEMİR
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

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Describe basic theories of microeconomics and macroeconomics by benefiting from assumptions and axioms.						5
2	Recognize the entries in the book and financial balance sheet of the business organization.				3
3	Define concepts, theories and principles of basic and subfields of international trade by adhering to the background knowledge.					4

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Summarize historical development of the international trade theories by adhering to the chronological order.		1
2	Use theoretical knowledge gained in the field of international trade in occupational practices and daily life.				3
3	Solve financial and legal problems confronted in international trade practices.			2

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate statistical raw data by benefiting from computer programs and relate data with one another in consideration of theoretical knowledge.					4
2	Evaluate developments in the world in consideration of common courses in the faculty with an intellectual perspective.						5

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpret current events and facts in international trade based on advanced knowledge and skills from an analytical and systematic holistic view.					4

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate knowledge about economic globalization and internationalization with current knowledge in the field.				3

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Examine current economic policies applied over the gained advanced knowledge and skills by a critical approach.						5

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain demands in written or verbally by using the foreign language skill in business and social life effectively.			2
2	Tell knowledge, thoughts and solution offers regarding subjects in international trade to relevant stakeholders demands in written or verbally.				3
3	Design a healthy communication network for themselves in the business world by using social life skills.					4

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze current issues, events and problems by benefiting from theoretical and historical knowledge of international trade and economics.			2
2	Develop suggestions for international trade policies by determining economic problems in the macro level.			2
3	Apply commercial applications in consideration of knowledge gained in financing and management of international trade by being inclusive of international market			2
4	Discuss the effects of commercial and financial globalization processes on the income distribution, by benefiting from data.				3

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