Course Name Code Semester T+U Hours Credit ECTS
Macro Economics IKT 307 5 3 + 0 3 5
Precondition Courses
Recommended Optional Courses
Course Language Turkish
Course Level Bachelor's Degree
Course Type Compulsory
Course Coordinator Prof.Dr. MUSTAFA ÇALIŞIR
Course Lecturers Dr.Öğr.Üyesi ÜNSAL OZAN KAHRAMAN, Prof.Dr. MUSTAFA ÇALIŞIR,
Course Assistants Kutlar, Çalışır, İnançlı, Gülmez,Ak,
Course Category
Course Objective By analyzing macro economic theories, discussing the validity of macroeconomic topics is the aim of this course. Thus, in this course, the examples from real life will be introduces to the students.
Course Content In this course macroeconomic events and applications will be examined at both national and international levels with the help of numerical variables. In addition to that evaluation of investigated subjects which are related to recent economic events and the ways to improve macroeconomic performance and their proposed solutions will be put forth.
# Course Learning Outcomes Teaching Methods Assessment Methods
1 Revealing the relationships between the history of macroeconomic thought, areas of research, assumptions and economic variables. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
2 Measuring the volume of economic activity and interpreting the economic indicators. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
3 Measuring the economic relationships between countries and judging effects of the decisions of economic units. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
4 Evaluating markets within framework of the classical economic theories and discussing their short and long term impacts. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
5 Interpreting markets within the framework of the Kaynesian economic theories and discussing the effects of macroeconomic equilibrium. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
6 By virtue of IS curve, modelling, analyzing and investigation of goods and services markets. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
7 By virtue of LM curve, modelling and analyzing Money markets. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
8 Discussing the weak and strong sides of monetary and fiscal policies within the framework of IS LM model. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
9 Anayzing the IS-LM-BP model, applications and assessments of fixed and flexible exchange rate systems. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
10 Analyzing the AS-AD models and their economic outcomes. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
11 Inquiry of Business Cycle theories and interpretation of alternative policies. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
12 Interpreting the AS-AD models under different assumptions. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
13 Evaluation and anaysis of macroeconomic problems and alternative strategies. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
14 Alternative explanations and policies for the subjects of budget and finance. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
15 Anaylzing economic growth models. Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Brain Storming, Self Study, Problem Solving, Testing, Homework,
Week Course Topics Preliminary Preparation
1 Revealing the relationships between the history of macroeconomic thought, areas of research, assumptions, economic variables and economic policies.
2 Concepts about the measuring the volüme of economic activities and GDP. Economic growth rates, price indexes, inflation and interest rates.
3 Measuring economic relations with other countries; balance of payments, exchamge rates and their gauging.
4 Assumptions of classical economy, equilibrium in labour market, goods and monetary markets. Some resluts of the classical model; capital accumulation, population growth and unemployment. AD and AS and effectiveness of economic policies.
5 Assumptions of Keynesian models, aggregate expenditures, equilibrium income levels and aggregate supply curve. Multiplier effect and its mechanism in Keynesian model and equilibrium income levels in open economies.
6 Formation of IS-LM models, imbalances and their elimination. Weak and strong effects of monetary and fiscal policies in IS-LM models.
7 Midterm Exam
8 Model of IS-LM-BP, trade in goods and capital movements. Demand-side policies under the implementation of the case of fixed and flexible exchange rate.
9 Anaylsis of AD-AS model and the efficiency of multiplier effect in these models.
10 Business Cycle theories:the procedures for unemployment, inflation and indexation.
11 Aggregate demand and Pigou effect and short term supply models. Incomplete information models in AS-AD.
12 Money, inflation and interest rates, alternative strategies for decreasing inflation and political sides of inflation and unemployment.
13 Budget deficits and its financing, external deficits and inventory of current acoount.
14 Economic growth and neoclassical growth model. Economic growth and Cobb-Douglas model.
Resources
Course Notes Yıldırım, Kemal at all. (2012), Macroeconomics, Seçkin, Ankara.
Course Resources Dornbush, Rudiger,. and Fıscher, Stanley, Macroeconomics, Akademi,Ankara.
Order Program Outcomes Level of Contribution
1 2 3 4 5
1 To research the functions, basic concepts and features of the international system; to learn the basic knowledge about the sub-topics of the international relations discipline.
2 Analyzing the developments in the political history of the world within the context of the cause-effect relations.
3 To improve the foreign language skills.
4 To analyze the Turkey´s foreign policy comprehensively in the cause-effect relations.
5 To analyze the theoretical approaches to the foreign policy analysis and the functions of the decision-making process.
6 To learn theoretical and methodological thinking and to observe the events from this framework
7 To analyze the social developments and conditions comparatively
8 To learn the basic principles and the issues of international law
9 To examine the theories of International Relations and to learn looking at international developments within the theoretical framework
10 To analyze the Turkey´s political life historically and chronologically
11 To learn the functions and the basic principles of domestic law
12 To analyze the establishment, structure and functions of international and regional organizations and their impact on the World politics
13 To analyze the reasons and solution models of the intra-state conflicts through examples
14 To research the issues of international security and the theoretical approaches relating to this field
15 To examine the events, occurring in the international system, within the theoretical perspective comparatively
16 To improve the analytical thinking skills about the international events
17 To learn the basic concepts and theories of Economics, Sociology, Political Science and other disciplines
18 To research the ideas of philosophers/thinkers who built the philosophical foundations of political science and to examine the contribution of these philosophical ideas to the disciplines of Political Science and International Relations
19 To gain basic computer skills
20 To gain the ability of planning, performing and composing of the scientific study individually
Evaluation System
Semester Studies Contribution Rate
1. Ara Sınav 70
1. Kısa Sınav 10
2. Kısa Sınav 10
1. Ödev 10
Total 100
1. Yıl İçinin Başarıya 50
1. Final 50
Total 100
ECTS - Workload Activity Quantity Time (Hours) Total Workload (Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 3 48
Hours for off-the-classroom study (Pre-study, practice) 16 3 48
Mid-terms 1 10 10
Quiz 2 10 20
Assignment 1 9 9
Final examination 1 15 15
Total Workload 150
Total Workload / 25 (Hours) 6
dersAKTSKredisi 5