Course Information


Course Information
Course Title Code Semester L+U Hour Credits ECTS
MACRO ECONOMICS IKT2002 4 + 0 4.0 6.0

Prerequisites None

Language of Instruction Turkish
Course Level Graduate Degree
Course Type Compulsory
Mode of delivery
Course Coordinator
Instructors
Assistants
Goals This course aims to provide students with macroeconomic issues like inflation, unemployment, economic growth and introduces the necessary tools for macro economic analysis.
Course Content Macro Economics: Basic Concepts Macroeconomic Aggregates: GDP and Balance of Payments Macroeconomic Aggregates: Unemployment, Inflation and Interest Rate Aggregate Expenditure and Income: Simple Keynesian Model IS-LM Analysis Monetary and Fiscal Policy Aggregate Demand and Aggregate Supply Alternative Macroeconomic Models Dynamic Aggregate Demand and Aggregate Supply Open Economy: Aggregate Expenditure and Income Open Economy: Aggregate Demand and Aggregate Supply Micro Foundations: Consumption and Investment Demand for Money, Money Supply and Monetary policy Budget Deficits and Government debt Economic Growth Real Business Cycles
Learning Outcomes 1) Learns to define GDP, unemployment, inflation, interest rate and balance of payments
2) Learns to explain short-term economic fluctuations using IS-LM model, derive IS-LM curves, AE, multiplier, S-I balance
3) Learns alternative models of aggregate supply with their assumptions and conclusions.

Weekly Topics (Content)
Week Topics Teaching and Learning Methods and Techniques Study Materials
1. Week Economic Growth and Cycles: GDP, unemployment, modelling and policy. Lecture
Brainstorming
Project Based Learning 		Homework
2. Week Macroeconomic Aggregates 1: GDP related aggregates, savings-investment balance Lecture
Brainstorming
Project Based Learning 		Homework
3. Week Aggregate expenditures, IS-LM model, monetary and fiscal policy Lecture
Brainstorming
Project Based Learning 		Homework
4. Week Aggregate expenditures, IS-LM model, monetary and fiscal policy Lecture
Brainstorming
Project Based Learning 		Homework
5. Week Aggregate expenditures, IS-LM model, monetary and fiscal policy Lecture
Brainstorming
Project Based Learning 		Homework
6. Week GDP equilibrium, Aggregate demand and supply, Alternative macro models, Inflation and GDP Lecture
Brainstorming
Project Based Learning 		Homework
7. Week GDP equilibrium, Aggregate demand and supply, Alternative macro models, Inflation and GDP Lecture
Brainstorming
Project Based Learning 		Homework
8. Week Open economy, Net exports, IS-LM-BP model, Dynamic AD-AS model Lecture
Brainstorming
Project Based Learning 		Homework
9. Week Open economy, Net exports, IS-LM-BP model, Dynamic AD-AS model Lecture
Brainstorming
Project Based Learning 		Homework
10. Week Consumption, Interst, Consumption and Investment Linkages Lecture
Brainstorming
Project Based Learning 		Homework
11. Week Investment, MEC, Neoclassical and Tobin's q theories, Stock Investment and Housing Lecture
Brainstorming
Project Based Learning 		Homework
12. Week Money and Budget: Money demand, Quantity and Liquidity Preference Theories, Money Supply, Monetary policy tools, Government budget deficit, inflation and seignoraige Lecture
Brainstorming
Project Based Learning 		Homework
13. Week Money and Budget: Money demand, Quantity and Liquidity Preference Theories, Money Supply, Monetary policy tools, Government budget deficit, inflation and seignoraige Lecture
Brainstorming
Project Based Learning 		Homework
14. Week Economic Growth: Solow model, Endogenous Groth Models Lecture
Brainstorming
Project Based Learning 		Homework

Sources Used in This Course
Recommended Sources
1) Erdal M. Ünsal, Makro İktisat 8E, İmaj Yayınevi 2009 2) R. Dornbusch, S. Fisher ve R. Stratz, Macroeconomics 9E, McGrawHill/Irwin 2004.

ECTS credits and course workload
Event Quantity Duration (Hour) Total Workload (Hour)
Course Duration (Total weeks*Hours per week) 14 4
Work Hour outside Classroom (Preparation, strengthening) 14 8
Midterm Exam 1 1
Time to prepare for Midterm Exam 1 10
Final Exam 1 1
Time to prepare for Final Exam 1 10
Total Workload
Total Workload / 30 (s)
ECTS Credit of the Course
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Course Information
  • Course Information
  • Weekly Topics (Content)
  • Sources Used in This Course
  • ECTS credits and course workload