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Description of Individual Course Units| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İKT2032013201 | MACRO ECONOMICS-I | Compulsory | 2 | 3 | 6 |
| | Level of Course Unit | | First Cycle | | Objectives of the Course | | The aim of the course is
• To develop the ability to understand the in undergraduate level of macroeconomic issues | | Name of Lecturer(s) | | DR. ÖĞR. ÜYESİ OĞUZ TÜMTÜRK | | Learning Outcomes | | 1 | To have the knowledge about some of the basic economic concepts | | 2 | Effectively be able to formulate appropriate government policies through monetary and fiscal policies | | 3 | Able to explain the principles and structure of macro-economic theory | | 4 | Demonstrate the ability to use simple models to show the effects of monetary and fiscal policies. |
| | Mode of Delivery | | Formal Education | | Prerequisites and co-requisities | | None | | Recommended Optional Programme Components | | None | | Course Contents | | • National accounting system
• The real and nominal GDP
• Inflation and unemployment
• The micro foundation of macro economy
• Monetary policy
• The simple Keynesian Models in open and closed economy
• IS-LM models in open and closed economy
• Aggregate demand- aggregate supply model
• The cyclical fluctuations theories and growth theories | | Weekly Detailed Course Contents | |
| 1 | Measuring of economic activity, gross domestic product (GDP), the rules for computing GDP, real and nominal GDP, GDP deflator, other measures of income | 3h | | | 2 | Measuring the cost of living, price indexes, the consumer price index, producer price index, the implicit price index, measuring inflation rates | 3h | | | 3 | Unemployment, measuring of unemployment, the unemployment rate, GDP and Okun’s Law | 3h | | | 4 | Micro foundations of macro economy, consumption, Keynes and the consumption function, Fisher, and intertemporal choice, Modigliani and the life cycle hypothesis,permanent income hypothesis and Friedman | 3h | | | 5 | Micro foundations of macroeconomics, investment, fixed investment, residential investment, inventory investment | 3h | | | 6 | Money supply, the definition of money, thr functions of money, the component of money supply | 3h | | | 7 | Money demand , transactions, the money demand for precautionary and speculative,the theories of money demand | 3h | | | 8 | Midterm | 1h | | | 9 | Monetary policy, monetary policy tools, monetary policy strategies, fiscal policy, fiscal policy tools | 3h | | | 10 | The Keynesian systems, The Simple Keynesian Model, the components of aggregate demand, equilibrium level of income, equilibrium income, the multiplier, the export and import in the Simple Keynesian Model | 3h | | | 11 | Keynesian systems, the IS-LM model, the money market equilibrium and the LM curve, the goods market equilibrium and the IS curve, The IS-LM analysis, equilibrium in the IS-LM model, monetary and fiscal policy analysis in the IS-LM model | 3h | | | 12 | The Keynesian systems, monetary and fiscal policy in open economy, Mundell-Fleming model, imperfect capital mobility, perfect capital mobility, | 3h | | | 13 | The Keynesian systems, aggregate supply, aggregate demand, wage rigidities, The equilibrium of aggregate supply-aggregate demand model, the analysis of aggregate supply-aggregate demand, shifts in the aggregate supply - aggregate demand curve | 3h | | | 14 | Business cycle theories, introduction to economic fluctuations, shocks to aggregate demand, shocks to aggregate supply, monetary and fiscal policies in the cyclical fluctuations model | 3h | | | 15 | Growth theories, the accumulation of capital, the golden rule of capital level, population growth,The Solow growth model, endogenous growth theory | 3h | | | 16 | Final Exam | 1h | |
| | Recommended or Required Reading | | Yıldırım, K., Karaman, D., and Taşdemir, M. (2013). Makroekonomi, 11. Baskı, Seçkin Yayıncılık, Ankara.
G.N.Mankıw, Macroeconomıcs, Worth Publıshers, 2003
R. Dornbusch, S. Fisher ve R. Startz, Macroeconomıcs, McGraw-Hıll, 2004 | | Planned Learning Activities and Teaching Methods | | | Assessment Methods and Criteria | |
| SUM | 0 | |
| SUM | 0 | | Yarıyıl (Yıl) İçi Etkinlikleri | 40 | | Yarıyıl (Yıl) Sonu Etkinlikleri | 60 | | SUM | 100 |
| | Language of Instruction | | | Work Placement(s) | | None |
| | Workload Calculation | |
| Midterm Examination | 1 | 1 | 1 | | Final Examination | 1 | 1 | 1 | | Attending Lectures | 14 | 3 | 42 | | Self Study | 14 | 6 | 84 | | Individual Study for Mid term Examination | 14 | 2 | 28 | | Individual Study for Final Examination | 24 | 1 | 24 | |
| Contribution of Learning Outcomes to Programme Outcomes | | LO1 | 5 | 5 | 3 | 4 | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | | LO2 | 3 | 4 | 4 | 5 | 5 | 4 | 4 | 3 | 3 | 4 | 3 | 3 | 4 | 5 | | LO3 | 4 | 5 | 3 | 4 | 3 | 4 | 3 | 4 | 4 | 5 | 4 | 3 | 4 | 4 | | LO4 | 5 | 4 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 3 | 3 | 4 | 4 |
| | * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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