| Course Unit Title | Course Unit Code | Type of Course Unit | Level of Course Unit | Year of Study | Semester | ECTS Credits |
|---|---|---|---|---|---|---|
| Macroeconomics I | EKO221 | Compulsory | Bachelor's degree | 2 | Fall | 5 |
Name of Lecturer(s)
Associate Prof. Dr. Erhan ORUÇ
Associate Prof. Dr. Özgür Bayram SOYLU
Learning Outcomes of the Course Unit
1) Using the key data of macroeconomics.
2) Defining the relationship between key macroeconomic variables.
3) Explaining the consequences in terms unemployment, inflation and output with their causes in different time horizons upon the implementation of a macroeconomic by policymakers.
4) Explaining why different macroeconomic policy tools have different effects on output under different exchange rate regimes.
5) Labeling main assumptions of macroeconomic approaches.
Program Competencies-Learning Outcomes Relation
| Program Competencies | |||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | ||
| Learning Outcomes | |||||||||||
| 1 | No relation | High | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 2 | High | High | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 3 | High | High | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 4 | High | No relation | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 5 | High | High | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
Mode of Delivery
Face to Face
Prerequisites and Co-Requisites
None
Recommended Optional Programme Components
Intorduction to economics II
Course Contents
National income accounting and other moacroeconomic data sources. GDP and consumption, Money, interest rate and income (IS-LM Model). Moneytary and fiscal policy in the closed economy. Moneytary and fiscal policy in the open economy. Aggregate demand and supply
Weekly Schedule
1) The Scope and Objective of Macroeconomics2) Relations between Basic Macroeconomic Variables
3) Gross Doemstic 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 Examination/Assessment
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
1) Lecture
2) Question-Answer
Assessment Methods and Criteria
Contribution of Midterm Examination to Course Grade |
40% |
|---|---|
Contribution of Final Examination to Course Grade |
60% |
Total |
100% |
Language of Instruction
Turkish
Work Placement(s)
Not Required