| Course Unit Title | Course Unit Code | Type of Course Unit | Level of Course Unit | Year of Study | Semester | ECTS Credits |
|---|---|---|---|---|---|---|
| Macro Economics | ISF203 | Compulsory | Bachelor's degree | 2 | Fall | 4 |
Name of Lecturer(s)
Prof. Dr. Muhsin HALİS
Prof. Dr. Ayhan ORHAN
Prof. Dr. Ferhat PEHLİVANOĞLU
Associate Prof. Dr. Figen BÜYÜKAKIN
Associate Prof. Dr. Vedat CENGİZ
Associate Prof. Dr. Ozan GÖNÜLLÜ
Associate Prof. Dr. Erhan ORUÇ
Associate Prof. Dr. Özgür Bayram SOYLU
Learning Outcomes of the Course Unit
1) At the end of the lessons, students could:
• use and understand the key data of macroeconomics,
• analyze the relationship between key macroeconomic variables,,
• understand why and what will happen with unemployment, inflation and output in
different time horizon when policymakers implement a macroeconomic policy,
• clarify why different macroeconomic policy tools have different effects on output under
different exchange rate regimes
• Understand main assumptions of macroeconomic approaches.
2) analyze the relationship between key macroeconomic variables,
Program Competencies-Learning Outcomes Relation
| Program Competencies | |||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | ||
| Learning Outcomes | |||||||||||
| 1 | High | High | High | High | High | High | High | Middle | High | High | |
| 2 | High | High | High | Middle | High | High | High | High | High | High | |
Mode of Delivery
Face to Face
Prerequisites and Co-Requisites
None
Recommended Optional Programme Components
Introduction to Economics
Course Contents
National accounts and other macroeconomic data sources Income and spending Money, interest and income (IS-LM Model) Monetary and fiscal policy in a closed economy Monetary and fiscal policy in an open economy (The Mundell-Fleming model with fixed and floating exchange rates)
Weekly Schedule
1) The Scope and Objective of Macroeconomics2) Relations between Basic Macroeconomic Variables
3) Gross National Product and Its Measurement
4) Price Indexes and Inflation
5) Employment and Types of Unemployment
6) Budget Deficit and Its Measurement
7) Exchange Rates and Its Measurement
8) Midterm
9) Monetary and Fiscal Policies
10) Analysis of Classic Model
11) Analysis of Keynesian Model
12) Comparison of Classic and Keynesian Model
13) Analysis of AS-AD
14) Analysis of IS-LM
15) Analysis of IS-LM-BP
16) Final Examination
Recommended or Required Reading
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Language of Instruction
Turkish
Work Placement(s)
Not Required