Course Information


Course Information
Course Title Code Semester L+U Hour Credits ECTS
MACRO ECONOMICS UMV130 2. Semester 3 + 0 3.0 4.0

Prerequisites None

Language of Instruction Turkish
Course Level Associate'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 define GDP, unemployment, inlation, interest rate, balance of payments
3) Learns to explain short-term economic fluctuations using IS-LM model, derive IS-LM curves, AE, multiplier, S-I balance
4) Learns to explain short term economic fluctuations using the IS LM model, to derive IS LM curves, aggregate expenditure, multiplier and saving investment balance
5) Learns alternative models of aggregate supply with their assumptions and conclusions.
6) Learns alternative models of AS with their assumptions and implications
7) Learsn dynamic AS-AD and the impact of economic policies on inflation
8) Learns dynamic models of aggregate supply and demand and the impact of economic policies on inflation
9) Explains the macro economic fluctuations in open economies depending on the IS LM BP model.
10) Explains the macro fluctuations in open economy IS-LM-BP models
11) Learns hpw moneray system works and how monetary changes affect macro equilibrium
12) Learn the functioning of the monetary system, the effect of money on equilibrium and the macro economic effects of government debt
13) Learns alternative economic approaches to consumption and investment.
14) Learns about alternative models of consumptiona and investment
15) Analyzes alternative theories of economic growth
16) 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; Discussion

 Presentation (Including Preparation Time)
2. Week Macroeconomic Aggregates 1: GDP related aggregates, savings-investment balance Lecture; Question Answer; Discussion

 Presentation (Including Preparation Time)
3. Week Aggregate expenditures, IS-LM model, monetary and fiscal policy Lecture; Question Answer; Problem Solving; Discussion

 Presentation (Including Preparation Time)
4. Week Aggregate expenditures, IS-LM model, monetary and fiscal policy Lecture; Question Answer; Problem Solving; Discussion

 Presentation (Including Preparation Time)
5. Week Aggregate expenditures, IS-LM model, monetary and fiscal policy Lecture; Question Answer; Problem Solving; Discussion

 Presentation (Including Preparation Time)
6. Week GDP equilibrium, Aggregate demand and supply, Alternative macro models, Inflation and GDP Lecture; Question Answer; Problem Solving; Discussion

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

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

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

 Presentation (Including Preparation Time)
10. Week Consumption, Interst, Consumption and Investment Linkages Lecture; Question Answer; Problem Solving; Discussion

 Presentation (Including Preparation Time)
11. Week Investment, MEC, Neoclassical and Tobin's q theories, Stock Investment and Housing Lecture; Question Answer; Problem Solving; Discussion

 Presentation (Including Preparation Time)
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; Problem Solving; Discussion

 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; Problem Solving; Discussion

 Presentation (Including Preparation Time)
14. Week Economic Growth: Solow model, Endogenous Groth Models Lecture; Question Answer; Problem Solving; Discussion

 Presentation (Including Preparation Time)

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.

Relations with Education Attainment Program Course Competencies
Program RequirementsContribution LevelDK1DK2DK3DK4DK5DK6DK7DK8DK9DK10DK11DK12DK13DK14DK15DK16
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*DK = Course's Contrubution.
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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 4
Work Hour outside Classroom (Preparation, strengthening) 4 1
Midterm Exam 1 1
Time to prepare for Midterm Exam 7 4
Final Exam 1 1
Time to prepare for Final Exam 15 2
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
  • Relations with Education Attainment Program Course Competencies
  • ECTS credits and course workload