Course Information


Course Information
Course Title Code Semester L+U Hour Credits ECTS
MACROECONOMICS PEC210 4. Semester 4 + 0 4.0 6.0

Prerequisites INTRODUCTION TO ECONOMICS II

Language of Instruction English
Course Level Bachelor's 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, Saving-Investment balance
3) Learns alternative models of aggregate supply with their assumptions and conclusions.
4) Learns dynamic models of aggregate supply and demand and the impact of economic policies on inflation
5) Explains the macro economic fluctuations in open economies depending on the IS LM BP model.
6) Analyzes comparatively the basic theories of economic growth

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; Question Answer

 Homework
2. Week Macroeconomic Aggregates 1: GDP related aggregates, savings-investment balance Lecture; Question Answer

 Homework
3. Week Aggregate expenditures, IS-LM model, monetary and fiscal policy Lecture; Question Answer

 Homework
4. Week Aggregate expenditures, IS-LM model, monetary and fiscal policy Lecture; Question Answer

 Homework
5. Week Aggregate expenditures, IS-LM model, monetary and fiscal policy Lecture; Question Answer
Brainstorming
 Homework
6. Week GDP equilibrium, Aggregate demand and supply, Alternative macro models, Inflation and GDP Lecture; Question Answer

 Homework Presentation (Including Preparation Time)
7. Week GDP equilibrium, Aggregate demand and supply, Alternative macro models, Inflation and GDP Lecture; Question Answer

 Homework
8. Week Open economy, Net exports, IS-LM-BP model, Dynamic AD-AS model Lecture; Question Answer

 Homework Presentation (Including Preparation Time)
9. Week Open economy, Net exports, IS-LM-BP model, Dynamic AD-AS model Lecture; Question Answer

 Homework
10. Week Consumption, Interest, Consumption and Investment Linkages Lecture; Question Answer

 Homework
11. Week Investment, MEC, Neoclassical and Tobin's q theories, Stock Investment and Housing Lecture; Question Answer

 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; Question Answer

 Homework Presentation (Including Preparation Time)
13. Week Money and Budget: Money demand, Quantity and Liquidity Preference Theories, Money Supply, Monetary policy tools, Government budget deficit, inflation and seignoraige Lecture; Question Answer

 Homework
14. Week Economic Growth: Solow model, Endogenous Groth Models Lecture; Question Answer

 Homework

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

Relations with Education Attainment Program Course Competencies
Program RequirementsContribution LevelDK1DK2DK3DK4DK5DK6
PY15000000
PY25000000
PY35000000
PY45555555

*DK = Course's Contrubution.
0 1 2 3 4 5
Level of contribution None Very Low Low Fair High Very High
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ECTS credits and course workload
Event Quantity Duration (Hour) Total Workload (Hour)
Course Duration (Total weeks*Hours per week) 14 3
Work Hour outside Classroom (Preparation, strengthening) 14 4
Midterm Exam 1 1
Time to prepare for Midterm Exam 1 30
Final Exam 1 1
Time to prepare for Final Exam 1 60
Total Workload
Total Workload / 30 (s)
ECTS Credit of the Course
Quick Access Hızlı Erişim Genişlet
Course Information
  • Course Information
  • Weekly Topics (Content)
  • Sources Used in This Course
  • Relations with Education Attainment Program Course Competencies
  • ECTS credits and course workload