Macroeconomics I(ECON102)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| ECON102 | Macroeconomics I | 2 | 5 | 0 | 0 | 5 | 7 |
| Prerequisites | |
| Admission Requirements |
| Language of Instruction | French |
| Course Type | Compulsory |
| Course Level | Bachelor Degree |
| Course Instructor(s) | Mustafa ULUS mulus@gsu.edu.tr (Email) Hasan Aydın haydin@gsu.edu.tr (Email) |
| Assistant | |
| Objective |
To introduce macroeconomic aggregates To analyze the behavior of entire economiesvia basic models such as classical and keynesian models. To study economic policies as a tool to decrease unemployment by taking into account the factors that affect their efficiency. |
| Content |
The IS-LM model in the closed economies - Monetary market - Labor market - The role of the expectations in economic policies |
| Course Learning Outcomes |
- To understand the properties of various markets in closed economies. - To analyze the relationship between the expectations and the economic policies. |
| Teaching and Learning Methods | Theorical and practical Courses |
| References |
* BLANCHARD, O.&COHEN, D., "Macroéconomie", ISBN: 978-2744075131, Pearson Ed., 2010. * VEDIE, H.-L., "Macroéconomie en 24 fiches", ISBN: 978-2-10-056788-1, Ed. Dunod, Paris, 2011. * TACEIX, T., "L'essentiel de la macroéconomie", ISBN: 978-2-297-02534-8, Gualino Lextenso Ed., Paris, 2012. * GENEREUX, J., "Economie Politique 3.Macroéconomie", ISBN: 978-2-01-145904-6, Hachette Supérieur, 2008. |
Theory Topics
| Week | Weekly Contents |
|---|---|
| 1 | Introduction to macroeconomics |
| 2 | Monetary markets: demand of money and determination of interest rates |
| 3 | IS-LM Moel |
| 4 | IS-LM Model |
| 5 | Labor market |
| 6 | Macroeconomic equilibrium |
| 7 | Mid-Term |
| 8 | Macroeconomic equilibrium |
| 9 | The Phillips curve |
| 10 | Expectations |
| 11 | Financial markets and expectations |
| 12 | Expectations, consumption and investment |
| 13 | Expectations, production and economic policy |
| 14 | revision |
Practice Topics
| Week | Weekly Contents |
|---|
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 6 | 55 |
| Contribution of final exam to overall grade | 1 | 45 |
| Toplam | 7 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 1 | 5 |
| Presentation | 0 | 0 |
| Midterm Examinations (including preparation) | 1 | 40 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 5 | 10 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Toplam | 7 | 55 |
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Demonstrate a basic knowledge of different economic theories and main discussions driving current theoretical approaches | X | ||||
| 2 | Demonstrate ability to use basic qualitative and quantitative methods to asses different economic questions of applied fields | |||||
| 3 | Show a sound understanding of current economic discussions and problems | |||||
| 4 | Have an effective and clear communication in written and oral formats in different public and professional contexts. | |||||
| 5 | Demonstrate basic knowledge of the world economic history and a sound knowledge of the Turkish economic history | |||||
| 7 | Demonstrate knowledge of standard quantitative techniques and empirical models used in economics | |||||
| 8 | Show ability to apply basic economic theory to an applied topic | |||||
| 9 | Show a basic understanding of analytical methods, both theory- and model-based | X | ||||
| 10 | Show ability to use economic concepts to discuss current economic issues | |||||
| 11 | Reason logically and work analytically | |||||
| 12 | Show awareness on social aspects of the economics in different applied and theoretical fields | |||||
| 13 | Identify appropriate economic models to analyse problems | X | ||||
| 16 | Show understanding of basic statistical and econometric concepts and ability to apply basic concepts to own empirical work | |||||
| 17 | Demonstrate a sound knowledge of the current economic issues in Turkey and a general knowledge of the issues in the world economy | |||||
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 5 | 70 |
| Working Hours out of Class | 12 | 3 | 36 |
| Assignments | 1 | 3 | 3 |
| Midterm Examinations (including preparation) | 1 | 15 | 15 |
| Final Examinations (including preparation) | 1 | 20 | 20 |
| Quiz | 5 | 2 | 10 |
| Total Workload | 154 | ||
| Total Workload / 25 | 6.16 | ||
| Credits ECTS | 6 | ||