Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | 150400304100 | MACROECONOMICS | Compulsory | 2 | 4 | 4 |
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Level of Course Unit |
First Cycle |
Objectives of the Course |
The course comprises a brief presentation about how the economy operates as a whole. In this context, basic macroeconomic notions and models are introduced. Furthermore, teaching the effects of monetary and fiscal policies on the economy are intended. |
Name of Lecturer(s) |
Dr. Öğr. Üyesi Polad ALİYEV |
Learning Outcomes |
1 | Student who succeed the course can be made the following; Explain the basic macroeconomic concepts such as Inflation, Unemployment, Gross Domestic Product and Growth. | 2 | Cognize the calculation, meaning and the announcement schedule of the basic macroeconomic notions. | 3 | Cognize the fundamental objectives and tools of the macroeconomics, cognize the development process of macroeconomics and important contributions to this process. | 4 | Cognize the vision, assumptions, analysis and policy recommendations of Classical and Keynesian schools. | 5 | Analyze the effects of monetary and fiscal policies on the economy within the context of different assumptions. | 6 | Can be made the following; Interpret the aggregate demand and aggregate supply. | 7 | Know the variation of price and income level within the context of different models. | 8 | Explain the relationships between inflation, unemployment and income level. | 9 | Know the meaning of the macroeconomic equilibrium and how it can be achieved under the different capital movement and exchange rate assumptions in the open economy. | 10 | Interpret the aggregate demand and aggregate supply in the open economy. | 11 | Discuss the efficiency of monetary and fiscal policy under the different assumptions in the open economy. |
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Mode of Delivery |
Daytime Class |
Prerequisites and co-requisities |
NONE |
Recommended Optional Programme Components |
Introduction to Economics I and Introduction to Economics II are suggested |
Course Contents |
Economic growth and business cycles2. Measurement of the economy: GDP, Inflation, Unemployment3. Simple Keynesian Model4. IS-LM Model |
Weekly Detailed Course Contents |
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1 | 1 Course information package and introduction | | | 2 | Macroeconomics: economic growth and business cycles | | | 3 | Measurement of the economy I: GDP | | | 4 | Measurement of the economy II: Unemployment and Inflation | | | 5 | Total planned expenditure and the output level: Simple Keynesian Model | | | 6 | Total planned expenditure, interest rate and the output level: IS-LM Model | | | 7 | Monetary and Fiscal policy | | | 8 | MİDTERM EXAMİNATİON | | | 9 | Aggregate demand and aggregate supply | | | 10 | Output and price level: alternative macro models | | | 11 | Total planned expenditure and the output level in the open economy | | | 12 | Macroeconomic equilibrium in an open economy: Mundell Fleming Model | | | 13 | Aggregate demand and aggregate supply model in the open economy | | | 14 | Inflation, unemployment and the output level | | | 15 | FİNAL Examination | | |
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Recommended or Required Reading |
1. Erdal Ünsal, Makro İktisat, İmaj, Son Baskı. Baskı, İstanbul.2. N. Gregory Mankiw, Macroeconomics3. K. Yıldırım, D. Karaman ve M. Taşdemir, Makroekonomi, Seçkin, 5. Baskı, Ankara.4. R. DORNBUSCH, S. FİSCHER ve R. STARTZ, Macroeconomics5. B. Felder ve S. Homburg, Macroeconomics and New Macroeconomics |
Planned Learning Activities and Teaching Methods |
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Assessment Methods and Criteria | |
Midterm Examination | 1 | 100 | SUM | 100 | |
Final Examination | 1 | 100 | SUM | 100 | Term (or Year) Learning Activities | 40 | End Of Term (or Year) Learning Activities | 60 | SUM | 100 |
| Language of Instruction | | Work Placement(s) | NONE |
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Workload Calculation |
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Midterm Examination | 1 | 1 | 1 |
Final Examination | 1 | 2 | 2 |
Attending Lectures | 13 | 3 | 39 |
Self Study | 5 | 3 | 15 |
Individual Study for Mid term Examination | 1 | 30 | 30 |
Individual Study for Final Examination | 1 | 40 | 40 |
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Contribution of Learning Outcomes to Programme Outcomes |
LO1 | 4 | 4 | 4 | 4 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 4 | 4 | LO2 | 3 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 5 | 4 | 3 | 4 | 4 | LO3 | 4 | 4 | 4 | 5 | 4 | 3 | 4 | 4 | 5 | 4 | 4 | 4 | 4 | 4 | LO4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 5 | 4 | LO5 | 4 | 5 | 3 | 3 | 4 | 5 | 4 | 4 | 4 | 5 | 4 | 5 | 3 | 4 | LO6 | 3 | 4 | 4 | 4 | 5 | 5 | 4 | 4 | 3 | 3 | 4 | 5 | 4 | 4 | LO7 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | LO8 | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 5 | 3 | 4 | 4 | LO9 | 3 | 3 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 3 | 4 | LO10 | 4 | 4 | 4 | 5 | 5 | 5 | 4 | 5 | 3 | 4 | 4 | 4 | 4 | 4 | LO11 | 4 | 5 | 5 | 4 | 3 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | 3 | 4 |
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* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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Iğdır University, Iğdır / TURKEY • Tel (pbx): +90 476
226 13 14 • e-mail: info@igdir.edu.tr
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