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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS IKT 2008 MACROECONOMICS COMPULSORY 3 0 0 4

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASISTANT PROFESSOR NAGEHAN KESKIN

Offered to

Public Administration Econometrics Econometrics Public Finance Public Finance Public Administration

Course Objective

To give the necessary theoretical knowledge to economics, to use the concepts of basic macro-economic and macro-economic events set up to analyze the relationship between cause and effect.

Learning Outcomes of the Course Unit

1   To be able to explain macro-economic concepts 2   To be able to examine macro economic policies within the framework of macro-economics policies 3   To be able to analyze General Equilibrium in the model of Classical and Keynesian 4   To be able to discuss employment, unemployment and inflation relationship and their policies 5   To be able to draw conclusions by the way of examples from the economic crisis and stabilization policies 6   To be able to analyze in a macro perspective what students have learned in the lesson plan

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description 1 Introduction: An overview of macroeconomics, national income, basic macro-economic issues and policy instruments (economic growth problem, the problem of inflation, unemployment, internal and external debt problem); 2 Measurement of the Economy I: National Income as general, National Income and National Wealth, Basic Concepts of National Income (Gross Domestic Product (Description and scope, geographical boundary - a specific period - the final goods and services - market prices, the nominal GDP and real GDP ), Gross National Product) 3 Measurement of the Economy II: Measurement of Gross Domestic Product (Calculation from Production (Production Method), With Respect to Sharing Calculation (Income Approach), from Spending Calculator (Expenditure Approach)) 4 Measurement of the Economy III: Basic National Accounts Aggregates: Gross Domestic Product, National Product (Domestic Income), Gross National Product (GNP), Personal Income, Disposable Income 5 Measurement of the Economy IV: Inflation and its measurement (Definition and Scope, Method of Calculation with Indices, Consumer Price Index, Producer Price Index, GDP Deflator)), 6 Measuring the Economy V: Employment and its measurement (full employment, underemployment, excessive Employment, unemployment and unemployment types, working age population, unemployment, unemployment rate and unemployment disadvantages, types of unemployment (public, private, voluntary, non-voluntary, natural (friction, structural), cyclical, seasonal)) 7 Basic national income identities 8 Midterm Exam 9 Midterm Exam 10 Simple Keynesian Model I: Consumption, Investment, Demand of Public Sector , Net External Demand 11 Simple Keynesian Model II: The Meaning of National Income, Balance, and Reproducing Mechanism of Changes in Aggregate Demand 12 National Income and Interest Rate I: the equilibrium of goods market (IS curve), the equilibrium of money market (LM curve), with the balance of goods and money markets 13 National Income and Interest Rate II: Monetary and Fiscal Policies in the terms of demand management 14 Aggregate Demand-Aggregate Supply Model: aggregate demand curve, the price changes in the and the demand-side of the economy, the effects of supply and demand conditions on the level of employment, output and price

Recomended or Required Reading

Nevzat Güran (2000), Makro Ekonomik Analiz, Anadolu Mat., Izmir. M.Erdal Ünsal (2005), Makro Iktisat, Imaj Yay., Ankara. Kemal Yıldırım, Doğan Karaman ve Murat Taşdemir (2006), Makro Ekonomi, Seçkin Yayıncılık, Ankara. Hakan Yetkiner (2010), Sorularla Makro Iktisat, Efil Yayınevi, Ankara.

Planned Learning Activities and Teaching Methods

Lectures have been helded by instructor. Discussion and active participation of the students are encouraged to do the lessons

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA 1 MTE MIDTERM EXAM 2 MTEG MIDTERM GRADE MTEG * 1 3 FIN FINAL EXAM 4 FCGR FINAL COURSE GRADE MTEG * 0.40 + FIN * 0.60 5 RST RESIT 6 FCGR FINAL COURSE GRADE (RESIT) MTEG * 0.40 + RST * 0.60

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours) Lectures 12 3 36 Preparations before/after weekly lectures 12 2 24 Preparation for midterm exam 1 10 10 Preparation for final exam 1 12 12 Others 10 2 20 Midterm 1 1 1 Final 1 1 1 TOTAL WORKLOAD (hours) 104

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 PO.10 PO.11 PO.12 LO.1 1 LO.2 1 LO.3 1 LO.4 1 LO.5 1 1 1 LO.6 1 1 1 1