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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 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 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

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)
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
Total Workload of the Course Unit 178
Workload (h) / 25.5 7
ECTS Credits allocated for the Course Unit 7,0