Iğdır University Lifelong Learning Programme

Description of Individual Course Units

Course Unit Code	Course Unit Title	Type of Course Unit	Year of Study	Semester	Number of ECTS Credits
200401303103	MACROECONOMICS	Compulsory	2	3	4

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)

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.

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

Basic macroeconomic concepts and models are introduced with a holistic approach to the functioning of the economy as a whole; The effects of monetary fiscal policies on the economy and IS-LM Analysis, AD-AS ANALYSIS- balance and policy applications in the open economy, schools of economics and macroeconomic policies.

Weekly Detailed Course Contents

Week	Theoretical	Practice	Laboratory
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

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 Activities	Quantity	Weight
Midterm Examination	1	100
SUM		100
End Of Term (or Year) Learning Activities	Quantity	Weight
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

Workload Calculation

Activities	Number	Time (hours)	Total Work Load (hours)
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
TOTAL WORKLOAD (hours)			127

Contribution of Learning Outcomes to Programme Outcomes

	PO 1	PO 2	PO 3	PO 4	PO 5	PO 6
LO1	4	4	2	2	4	4
LO2	3	4	4	3	4	3
LO3	3	3	2	3	2	3
LO4	4	4	4	3	3	2
LO5	3	2	4	3	4	3
LO6	4	2	4	4	2	3
LO7	2	1	3	4	4	3
LO8	3	1	2	4	3	3
LO9	2	2	4	2	3	2
LO10	4	3	3	2	2	4
LO11	3	2	2	3	3	2

* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High