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| ITEZ5038 | Macroeconomic Theory | 3+0+0 | ECTS:7.5 | | Year / Semester | Spring Semester | | Level of Course | Second Cycle | | Status | Compulsory | | Department | DEPARTMENT of ECONOMICS | | 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 | None | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | To develop skills of the students in understanding and analyzing graduate topics on macroeconomics. |
| Programme Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | PO - 1 : | learn the terminology about macroeconomics. | 1,5 | 1,3, | | PO - 2 : | use standard macroeconomic models to predict movements in key macroeconomic variables in the short-run and long-run. | 1,5 | 1,3, | | PO - 3 : | understand the impact of macroeconomic policy on key macroeconomic variables. | 1,5 | 1,3, | | PO - 4 : | analyze the current economic situation and be able to link economic theories to domestic and international developments. | 1,5 | 1,3, | | PO - 5 : | explain the impact of globalization on macroeconomics. | 1,5 | 1,3, | | 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), PO : Learning Outcome | | |
| National income accounting, employment and unemployment, inflation, consumption, investment, supply of money and demand for money, macro economics models, business cycles, economic growth theories |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | National income accounting and measurement of economic activities | | | Week 2 | Employment and unemployment: causes and consequences | | | Week 3 | Inflation: causes and consequences | | | Week 4 | Consumption expenditures and consumption theories | | | Week 5 | Investment expenditures and invesment theories | | | Week 6 | Supply of money and demand for money: monetary base and theories of demand for money | | | Week 7 | Monetary and fiscal policies: applications and limits | | | Week 8 | Basic keynesian models | | | Week 9 | Mid-term exam | | | Week 10 | Basic keynesian models: closed and open models | | | Week 11 | Full employment equilibrium, deflationary and iflationary gaps | | | Week 12 | IS-LM models: closed and open models | | | Week 13 | AD-AS models, efficiency of monetary and fiscal policies | | | Week 14 | Business cycles: in the world and in Turkey, quiz | | | Week 15 | Economic growth theories: exogenous and endogenous models | | | Week 16 | End-of-term exam | | | |
| 1 | Ünsal, E.M. 2019; Makro İktisat, Murat Yayınları, Ankara | | | |
| 1 | Froyen, T.F. 1999; Macroeconomics: Theories and Policies, Practise Hall, New Jersey | | | 2 | Mankiw, N.G.2003; Macroeconomics, Fifth Edition, Worth Publishers, USA | | | 3 | Bocutoğlu, E. 2009; Makro İktisat: Teoriler ve Politikalar, Murathan Yayınevi, Trabzon | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | /4/2024 | 2 | 30 | | In-term studies (second mid-term exam) | 14 | /5/2024 | 2 | 20 | | End-of-term exam | 16 | /6/2024 | 2 | 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 | 8 | 14 | 112 | | Laboratuar çalışması | 0 | 0 | 0 | | Arasınav için hazırlık | 12 | 2 | 24 | | Arasınav | 2 | 1 | 2 | | Uygulama | 0 | 0 | 0 | | Klinik Uygulama | 0 | 0 | 0 | | Ödev | 2 | 2 | 4 | | Proje | 0 | 0 | 0 | | Kısa sınav | 2 | 1 | 2 | | Dönem sonu sınavı için hazırlık | 12 | 3 | 36 | | Dönem sonu sınavı | 3 | 1 | 3 | | Diğer 1 | 0 | 0 | 0 | | Diğer 2 | 0 | 0 | 0 | | Total work load | | | 225 |
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