Macroeconomics(ECON197)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| ECON197 | Macroeconomics | 4 | 3 | 0 | 0 | 3 | 4 |
| Prerequisites | ECON191 |
| Admission Requirements | ECON191 |
| Language of Instruction | French |
| Course Type | Compulsory |
| Course Level | Bachelor Degree |
| Course Instructor(s) | Fatma Ayfer KARAYEL ayferkarayel@yahoo.com (Email) |
| Assistant | |
| Objective | This course presents the basic concepts and principles of macroeconomics and compares macroeconomic models with the actuality of real-world economic systems. |
| Content | Undergraduate |
| Course Learning Outcomes |
By the end of this course students will be eable, to understand the basic concepts in macroeconomics: Production,Consumption, Investment, Saving, Capital Stock, and Trade; to understand the classical and the Keynesian Approach to Aggregate Supply; to understand the short run equilibrium model;IS/LM Framework and Global Economic Equilibrium; to can read and discuss the recent macroeconomic articles. |
| Teaching and Learning Methods | Theoretical |
| References |
Blanchard Olivier & Cohen Daniel., Macroéconomie, 4e édition, Pearson Education.2007 Sloman J. " Makroekonomi", Bilim Teknik Yayınevi |
Theory Topics
| Week | Weekly Contents |
|---|---|
| 1 | The concepts of Aggregate Variables in Macroeconomics: GDP, Composition of the GDP and GNP, Revenue, Inflation Rate, Unemployment rate. |
| 2 | Long-term Economic Growth, Growth and Employment, Production Function, |
| 3 | Production-Investment; Production-Capital; Saving Rate and Production, Capital Accumulation, Technical Progress, Growth. |
| 4 | Macro Economy in Short-Term: Aggregate Supply and Demand, the Classical Approach to Aggregate Supply, Keynesian Approach to Aggregate Supply, |
| 5 | The IS/LM Framework: IS curve and LM curve. Monetary and budgetary policy under the IS/LM framework. |
| 6 | Equilibrium of Aggregate Supply and Aggregate Demand. |
| 7 | The Supply Shock and Unemployment. Production Equilibrium in the short Run. |
| 8 | The Phillips Curve. |
| 9 | The Open-Economy: Goods Markets and Capital Market, IS schedule. |
| 10 | The Domestic Demand and its Determinants |
| 11 | Increase in Domestic Demand and Determinants of Foreign Demand . |
| 12 | Production Equilibrium, Trade Balance, Depreciation and Trade Balance |
| 13 | Production, Interest Rates and Exchange Rates. |
| 14 | Production, Interest Rates and Exchange Rates. |
Practice Topics
| Week | Weekly Contents |
|---|
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 1 | 50 |
| Contribution of final exam to overall grade | 1 | 50 |
| Toplam | 2 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 0 | 0 |
| Presentation | 5 | 5 |
| Midterm Examinations (including preparation) | 1 | 40 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 2 | 5 |
| 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 | 8 | 50 |
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | The acquisition of high-level knowledge of the functions of production management and marketing, management, accounting and finance; the skill of using this knowledge. | |||||
| 2 | The acquisition of basic conceptual knowledge about scientific fields related to professional life, such as law, economics, sociology, psychology, social psychology and quantitative methods. | |||||
| 3 | The ability to work effectively in a team; the ability to pass on knowledge to other members of the team. | X | ||||
| 4 | The competence to use his/her knowledge on the field, to analyze and interpret the data obtained, to identify the problems encountered, to provide appropriate solutions and scientifically defend these solution suggestions when necessary. | |||||
| 5 | The competence to determine the aims and objectives of the company or institution in which he/she is employed by taking into account the needs, the competitive dynamics of the market and by calculating the risks incurred; the ability to engage in entrepreneurship and establish and manage a business. | X | ||||
| 6 | Awareness of constantly updating his/her professional knowledge and skills; the ability to adapt to change and innovation; the competence to evaluate critically the information he/she has acquired. | X | ||||
| 7 | Basic knowledge of information and communication technologies required for professional life; the ability to use core office programs at an advanced level; expertise in data processing and report writing in the IT environment. | X | ||||
| 8 | Ability to follow current information in his/her field in both English and French and to communicate in writing and verbally with stakeholders in both languages. | X | ||||
| 9 | The ability to conduct researches and studies taking into account the market, dynamics of competition, organizational and global factors and scientific methods; contribute to projects, take responsibility in projects, display competence to make innovative and effective decisions. | X | ||||
| 10 | Ability to develop strategies, find creative solutions to management problems by building relations with other areas of the social sciences and take the responsibility of these decisions. | X | ||||
| 11 | Consciousness of taking into account ethical values, when making decisions and being involved in business life. | X | ||||
| 12 | Awareness of the impact of practices related to his/her field on the global and social dimensions (universality of social rights, social justice, cultural values, environmental problems, sustainability, etc.) and their legal consequences. | X | ||||
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 3 | 42 |
| Working Hours out of Class | 14 | 3 | 42 |
| Presentation | 5 | 1 | 5 |
| Midterm Examinations (including preparation) | 1 | 6 | 6 |
| Other Applications | 10 | 1 | 10 |
| Final Examinations (including preparation) | 1 | 8 | 8 |
| Total Workload | 113 | ||
| Total Workload / 25 | 4.52 | ||
| Credits ECTS | 5 | ||


