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| VISY1012 | Macroeconomics | 2+0+0 | ECTS:3 | | Year / Semester | Spring Semester | | Level of Course | Short Cycle | | Status | Compulsory | | Department | DEPARTMENT of MANAGEMENT and ORGANIZATION | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face | | Contact Hours | 14 weeks - 2 hours of lectures per week | | Lecturer | -- | | Co-Lecturer | Lecturer Çiğdem KARIŞ | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | Understanding basic concepts relating to macroeconomics, comprehending general equilibrium and factors affecting this equilibrium, describing economic policies, explaining reasons and results of international relations of trade, and investigating dynamics relating to growth process of economy. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | explain basic concepts relating to macroeconomics. | 1,2,3,7 | 1 | | LO - 2 : | argue reasons and results of movements on general price level. | 1,2,3,7,8,9 | 1 | | LO - 3 : | describe general equilibrium of economy and factors affecting this equilibrium. | 1,2,3,7,8,9 | 1 | | LO - 4 : | talk about economic policies. | 1,7 | 1 | | LO - 5 : | explain reasons and results of foreign trade. | 1,2,3,7,9 | 1 | | LO - 6 : | argue basic dynamics relating to growth process. | 1,7 | 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 Income Accounting: Gross national product, gross domestic product, national income and disposable income. Unemployment: Population, active population, labor, employment and unemployment. General Price Level: Inflation, deflation, disinflation, reflation and Phillips curve. Aggregate Expenditures: Theories of consumption, investment expenditures, government expenditure, export and import. Analysis of Aggregate Demand-Aggregate Supply: General equilibrium of economy and economic policies. Keynesian Equilibrium Models: Fiscal policy, paradox of saving. Money and Banking: Supply for money, demand for money, central banking, banking system and monetary policy. International economics: Theories of foreign trade, exchange rate and balance of payments. Economic Growth and Development. |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | National Income Accounting: Gross national product, gross domestic product, national income, disposable income. | | | Week 2 | Basic Concepts on Employment: Population, active population, labor, employment and unemployment. | | | Week 3 | Fiyatlar Genel Düzeyi ve Phillips Eğrileri: Tüketici fiyatları endeksi, üretici fiyatları endeksi, enflasyon, deflasyon, dezenflasyon ve reflasyon; Phillips eğrileri. | | | Week 4 | Aggregate Expenditures (1): Theories of consumption. | | | Week 5 | Aggregate Expenditures (2): Investment expenditures, government expenditure, export and import. | | | Week 6 | Analysis of Aggregate Demand-Aggregate Supply (1): General equilibrium of economy. | | | Week 7 | Analysis of Aggregate Demand-Aggregate Supply (2): Monetary policy vs. fiscal policy. | | | Week 8 | Keynesian Equilibrium Model with Two Sectors: General equilibrium of an economy consisting of households and firms, paradox of saving, leakages and injections, multiplier analysis. | | | Week 9 | Mid-term Exam | | | Week 10 | Keynesian Equilibrium Model with Three Sectors: General equilibrium of an economy consisting of households firms and government, leakages and injections, multiplier analysis. | | | Week 11 | Keynesian Equilibrium Model for Open Economy: General equilibrium of an open economy, leakages and injections, multiplier analysis-1. | | | Week 12 | Keynesian Equilibrium Model for Open Economy: General equilibrium of an open economy, leakages and injections, multiplier analysis-2. | | | Week 13 | Money and Banking: Supply for money, demand for money, central banking, banking system and monetary policy. | | | Week 14 | International Economics: Theories of foreign trade, exchange rate and balance of payments. | | | Week 15 | Economic Growth and Development: Concepts of growth and development, theories of growth. | | | Week 16 | End-of-term exam | | | |
| 1 | Berber, M. Bocutoğlu, E. 2016; Genel İktisada Giriş, Ekin Yayınevi, Trabzon. | | | |
| 1 | Parasız, İ. 2009; Para, Banka ve Finansal Piyasalar, Ezgi Kitapevi, Bursa. | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 04/04/2016 | 0,40 | 50 | | End-of-term exam | 16 | 23/05/2016 | 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 | 2 | 14 | 28 | | Sınıf dışı çalışma | 1 | 12 | 12 | | Laboratuar çalışması | 0 | 0 | 0 | | Arasınav için hazırlık | 2 | 8 | 16 | | Arasınav | 1 | 1 | 1 | | Uygulama | 0 | 0 | 0 | | Klinik Uygulama | 0 | 0 | 0 | | Ödev | 0 | 0 | 0 | | Proje | 0 | 0 | 0 | | Kısa sınav | 0 | 0 | 0 | | Dönem sonu sınavı için hazırlık | 2 | 14 | 28 | | Dönem sonu sınavı | 1 | 1 | 1 | | Diğer 1 | 0 | 0 | 0 | | Diğer 2 | 0 | 0 | 0 | | Total work load | | | 86 |
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