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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 | | İKT2212013202 | MACRO ECONOMICS | Compulsory | 2 | 3 | 4 |
| | Level of Course Unit | | First Cycle | | Objectives of the Course | | The aim of the course is
• to teach the microeconomic issues
• to develop the ability of the students to perform the analysis.
| | Name of Lecturer(s) | | Yrd.Doç.Dr. Oğuz Tümtürk | | Learning Outcomes | | 1 | Bu dersi başarı ile tamamlayan öğrenciler:Toplumlardaki makro iktisadi gelişimi analiz edebilir. | | 2 | Piyasaların, devletin, işletme ve tüketicilerin davranışlarını yorumlayabilir | | 3 | Milli gelir, faiz oranları, döviz kurları, fiyatlar genel düzeyi gibi değişkenlerdeki değişimlerin ekonomiye etkilerini ölçebilir. | | 4 | | | 5 | |
| | Mode of Delivery | | Formal Education | | Prerequisites and co-requisities | | Yok | | Recommended Optional Programme Components | | Week 1 Costs, concepts of cost, distinction between the short and long run, cost curves, shifts in cost curves
Week 2 Firms in perfect competitionmarket, market structure, marginal revenue, average revenue, total revenue, short run equilibrium of the firm and industry, short run supply curve of firm and industry
Week 3 Firms in perfect competition market, long-run equilibrium of the firm, constant-cost industries, increasing and decreasing cost industries, the long-run supply elasticity
Week 4 Monopoly,the causes of monopoly, demand curve of monopolist, income of monopolist, short-run stability, long run equilibrium
Week 5 Monopoly, price differentiation, regulation of monopolies, the comparison of monopoly and perfect competition
Week 6 Oligopoly; definition, causes, classification, Cournot model, the Edgeworth model, Chamberlin model, Sweezy model, the kinked demand curve
Week 7 Oligopoly, Bertrand model, Stackelberg model, game theory, price leadership,entry of new firms
Week 8 Midterm
Week 9 Monopolistic competition; definition, the demand curve in monopolistic competition, the short run equilibrium , long-run equilibrium, the comparison of Monopolistic competition and perfect competition the comparison of Monopolistic competition and monopoly
Week 10 The market for the factors of production, demand for factor in perfect competition market, deman for factor in imperfect competition market, price elasticity of factor demand, ,factor supply
Week 11 The market for the factors of production, factor-market equilibrium, the concept of rent, quasi rent, wage differentials
Week 12 Welfare economics and general equilibrium, the optimal factor use, necessary conditions for optimal resource allocation,the Edgeworth box, Pareto efficient allocation, contract curve, the theory of the second-best, quiz
Week 13 Welfare economics and general equilibrium, perfect competition and economic efficiency
Week 14 Uncertainty and asymmetric information, risk aversion, methods for reducing risk, information and market equilibrium, information and economic efficiency
Week 15 Externalities and public goods, defining externalities, externalities and allocational efficiency, bargaining and Coase theorem, public goods, public goods and market failure
Week 16 Final Exam
| | Course Contents | | • The production function and variable-rate yield law
• The balance and equilibrium, production costs, perfect competition, monopoly,monopsony, oligopoly and monopolized competition and stability in other markets
• Production factors market, welfare economics and general equilibrium,and public goods.
| | Weekly Detailed Course Contents | |
| 1 | Introduction | | | | 2 | The Data of Macroeconomics: Measuring the Value of Economic Activity | | | | 3 | Inflation, Growth and Employment | | | | 4 | National Income:Where It Comes from and Where It Goes | | | | 5 | Money and Inflation | | | | 6 | The Quantity Theory of Money | | | | 7 | Inflation and Interest Rates | | | | 8 | Midterm Exam | | | | 9 | Short Run Economic Fluctuations | | | | 10 | Aggregated Short and Long-run Supply Curves, Shifts in the Aggregated Demand | | | | 11 | IS Curve and Goods and Services | | | | 12 | LM Curve and Money Markets | | | | 13 | IS-LM Curve and Shifts in the Aggregated Demand | | | | 14 | Open Economy and Mundell-Fleming Model | | | | 15 | Exchange Rates | | | | 16 | Final Exam | | |
| | Recommended or Required Reading | | 1 Erdal M.Ünsal; Makro İktisat, İmaj Yayınevi.
İlave Kaynak
2 N. Gregory Mankiw, Makroekonomi, Çevirmen: Ömer Faruk Çolak, Efil Yayınevi
| | 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 | | Turkish | | Work Placement(s) | | Yok |
| | Workload Calculation | |
| Midterm Examination | 1 | 1 | 1 | | Final Examination | 1 | 1 | 1 | | Attending Lectures | 14 | 4 | 56 | | Self Study | 14 | 3 | 42 | | Individual Study for Mid term Examination | 1 | 9 | 9 | | Individual Study for Final Examination | 1 | 13 | 13 | |
| Contribution of Learning Outcomes to Programme Outcomes | | LO1 | 3 | 4 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 4 | 3 | 4 | 3 | 3 | 4 | | LO2 | 4 | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 4 | 4 | 3 | 4 | 4 | 4 | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 4 | 3 | | LO3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 4 | | LO4 | 3 | 4 | 4 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 3 | 4 | 4 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | | LO5 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 4 | 4 | 3 | 4 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 4 | 3 | 4 | 4 | 4 |
| | * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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