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| IKT1004 | Macroeconomics | 3+0+0 | ECTS:5 | | Year / Semester | Spring Semester | | Level of Course | First Cycle | | Status | Compulsory | | Department | DEPARTMENT of BUSINESS | | Prerequisites and co-requisites | None | | Mode of Delivery | | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | Dr. Öğr. Üyesi Aykut BAŞOĞLU | | Co-Lecturer | Prof. Dr. Metin BERBER | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | To develop skills of the students in understanding undergraduate topics on macroeconomics. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | describe fundemantal macroeconomics concepts. | 1,2 | 1, | | LO - 2 : | understand and evaluate the principle and body of macroeconomics theory. | 1,2 | 1, | | LO - 3 : | analyze curent economics events and macroeconomics issues. | 1,2 | 1, | | LO - 4 : | explain relationship between macroeconomics variables and macroeconomics outcomes. | 1,2 | 1, | | LO - 5 : | understand the functioning mechanism of monetary and fiscal policy. | 1,2 | 1, | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome | | |
| National accounting system, real and nominal GNP, inflation and unemployment, microeconnomics behind macroeconomics, monetary policy, closed and open basic Keynesian models, closed and open IS-LM models, aggregate demand-aggregate supply model, business cycle theories, growth theories
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Introduction to macroeconomics, the general framework of macroeconomics | | | Week 2 | National accounting system, gross national product, calculation of the gross national product, concepts related to gross national product | | | Week 3 | Unemployment, definition, calculation of unemployment rate and its effects | | | Week 4 | Inflation, definition, calculation of inflation and its effects | | | Week 5 | Consumption expenditures, consumption theories | | | Week 6 | Investment expenditures, investment theories | | | Week 7 | Money supply, money demand, the general framework of monetary policy | | | Week 8 | Fiscal policy, fiscal policy instruments | | | Week 9 | Mid-term exam | | | Week 10 | Simple Keynesian Model, model assumptions, model functions, aggregate demand function, changes in aggregate demand function | | | Week 11 | Simple Keynesian Model, equilibrium level of national income, changes in equilibrium, the multiplier mechanism, fiscal policies | | | Week 12 | Closed Economy IS-LM Model, model assumptions, model functions, the goods market and the IS curve, the money market and the LM curve, equilibrium in money and goods markets, monetary and fiscal policies in the IS-LM model | | | Week 13 | Open Economy IS-LM Model, model assumptions, model functions, the Mundell-Fleming Model, monetary and fiscal policies under fixed exchange rates, monetary and fiscal policies under floating exchange rates | | | Week 14 | AD-AS Model, aggregate demand curve, factors that shift the aggregate demand curve, aggregate supply curve, factors that shift the aggregate supply curve, equilibrium in AD-AS model | | | Week 15 | Business cycle theory | | | Week 16 | End-of-term exam | | | |
| 1 | Bocutoğlu, E. 2013; Makro İktisat Teoriler ve Politikalar, 10. Baskı, Murathan Yayınevi, Trabzon | | | |
| 1 | Berber, M. 2017; Makro İktisat, 2. Baskı, Celepler Matbaacılık Yayın ve Dağıtım, Trabzon | | | 2 | Ünsal, E. M. 2013; Makro İktisat, 10. Baskı, İmaj Yayınları, Ankara | | | 3 | Froyen, Richard T. 2005; Macroeconomics Theories and Policies, Eighth Edition, Pearson Prentice Hall, USA | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 04/2021 | 1 | 50 | | End-of-term exam | 16 | 06/2021 | 1 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 3 | 14 | 42 | | Sınıf dışı çalışma | 6 | 14 | 84 | | Arasınav için hazırlık | 10 | 1 | 10 | | Arasınav | 1 | 1 | 1 | | Dönem sonu sınavı için hazırlık | 12 | 1 | 12 | | Dönem sonu sınavı | 1 | 1 | 1 | | Total work load | | | 150 |
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