Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
180400503104MACRO ECONOMICSCompulsory235
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
1Student who succeed the course can be made the following; Explain the basic macroeconomic concepts such as Inflation, Unemployment, Gross Domestic Product and Growth.
2Cognize the calculation, meaning and the announcement schedule of the basic macroeconomic notions.
3Cognize the fundamental objectives and tools of the macroeconomics, cognize the development process of macroeconomics and important contributions to this process.
4Cognize the vision, assumptions, analysis and policy recommendations of Classical and Keynesian schools.
5Analyze the effects of monetary and fiscal policies on the economy within the context of different assumptions.
6Can be made the following; Interpret the aggregate demand and aggregate supply.
7Know the variation of price and income level within the context of different models.
8Explain the relationships between inflation, unemployment and income level.
9Know 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.
10Interpret the aggregate demand and aggregate supply in the open economy.
11Discuss the efficiency of monetary and fiscal policy under the different assumptions in the open economy.
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
WeekTheoreticalPracticeLaboratory
11 Course information package and introduction
2Macroeconomics: economic growth and business cycles
3Measurement of the economy I: GDP
4Measurement of the economy II: Unemployment and Inflation
5Total planned expenditure and the output level: Simple Keynesian Model
6Total planned expenditure, interest rate and the output level: IS-LM Model
7Monetary and Fiscal policy
8MİDTERM EXAMİNATİON
9Aggregate demand and aggregate supply
10Output and price level: alternative macro models
11Total planned expenditure and the output level in the open economy
12Macroeconomic equilibrium in an open economy: Mundell Fleming Model
13Aggregate demand and aggregate supply model in the open economy
14Inflation, unemployment and the output level
15FİNAL Examination
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
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination1100
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Examination1100
SUM100
Term (or Year) Learning Activities40
End Of Term (or Year) Learning Activities60
SUM100
Language of Instruction
Work Placement(s)
NONE
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination111
Final Examination122
Attending Lectures13339
Self Study5315
Individual Study for Mid term Examination23060
Individual Study for Final Examination14040
TOTAL WORKLOAD (hours)157
Contribution of Learning Outcomes to Programme Outcomes
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* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
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