Principles of Macroeconomics

Course Code: 
ECON 122
Course Period: 
Spring
Course Type: 
Core
P: 
3
Application: 
0
Credits: 
3
ECTS: 
7
Course Language: 
İngilizce
Course Objectives: 
The purpose of this course is to convey the main principles of economics and economic way of thinking to students. The goals of the course are providing students to evaluate macroeconomic conditions such as national income, unemployment, inflation, and growth , how monetary policy and fiscal policy can be used to influence short-run and long-runmacroeconomic conditions
Course Content: 

This course will teach students the basic tools of macroeconomics and apply them to real world economic policy.  The course   introduces macroeconomics in the context of current problems. National income analysis, money and banking, economic growth and stability, unemployment, inflation, and role of government are the main subjects.

Course Methodology: 
1: Lecture, 2: Question-Answer, 3: Discussion, 9: Simulation, 12: Case Study
Course Evaluation Methods: 
A: Testing, C: Homework

Vertical Tabs

Course Learning Outcomes

Learning Outcomes

Program Learning Outcomes

Teaching Methods

Assessment Methods

Will be able to understand GDP and Standart of Living

1, 10

1-2-3

A-C

Will be able to define CPI and Cost of Living

 

1-2-3

A-C

Will be able to explain Jobs and unemployment

1

1-2-3

A-C

Will be able to understand Potantial GDP and labor markets

1, 10

1-2-3

A-C

Will be able to define the monetary system and also inflation

10

1-2-3

A-C

Will be able to consider about the effects of fiscal and monetary policies

1, 10

1-2-3

A-C

Will be able to understand the basics, sources and theories of Economic Growth

 

1-2-3

A-C

 

Course Flow

Week

Topics

Study Materials

1

The circular Flows and Global Economy

Bade&parkin Foundations of Economics , Chapter 1(Pearson,sixth Edition)

2

GDP And Standart of Living

Bade&parkin Foundations of Economics , Chapter 21(Pearson,sixth Edition)

3

The CPI and Cost of Living

Bade&parkin Foundations of Economics , Chapter 22(Pearson,sixth Edition)

4

Jobs and Unemployment

Bade&parkin Foundations of Economics , Chapter 23(Pearson,sixth Edition)

5

Potantial GDP and Natural Unemploymet Rate

Bade&parkin Foundations of Economics , Chapter 24(Pearson,sixth Edition)

6

Midterm

 

7

Economic Growth

Bade&parkin Foundations of Economics , Chapter 25(Pearson,sixth Edition)

8

Invesment, Saving and Interst Rate

Bade&parkin Foundations of Economics , Chapter 26(Pearson,sixth Edition)

9

The Monetary System

Bade&parkin Foundations of Economics , Chapter 27(Pearson,sixth Edition)

10

 Money, Interst and Inflation

Bade&parkin Foundations of Economics , Chapter 28(Pearson,sixth Edition)

11

AS-AD and Busines Cylcle

Bade&parkin Foundations of Economics , Chapter 29(Pearson,sixth Edition)

12

Aggregate Expenditure

Bade&parkin Foundations of Economics , Chapter 30(Pearson,sixth Edition)

13

The hort-run Policy Trade Off

Bade&parkin Foundations of Economics , Chapter 31(Pearson,sixth Edition)

14

, Fiscal and Monetary Policy

Bade&parkin Foundations of Economics , Chapter32-33(Pearson,sixth Edition)

 

Recommended Sources

Textbook

Case and Fair, Principles of Economics 8the Edition, Pearson

Additional Resources

Bade&parkin  Foundations of Economics , (Pearson,sixth Edition

 

 

Material Sharing

Documents

 

Assignments

Every week a new assigment is prepeared by teacher and given to students

Exams

Test bank is given to students

 

Assessment

IN-TERM STUDIES NUMBER PERCENTAGE
Mid-terms 1 50
Quizzes 2 20
Assignment 10 30
Total   100
CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE   40
CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE   60
Total   100

 

 

COURSE CATEGORY Expertise/Field Courses

 

Course’s Contribution to Program

Program Learning Outcomes

Contribution

1

2

3

4

5

 

Students will demonstrate their comprehensive knowledge of the basic concepts and theories of Political Science and International Relations as well as other related disciplines such as Law, Economics and Sociology.

 

 

X

 

 

 

Students will interpret the structure, institutions and operation of national, international and supranational entities via utilization of the concepts and theories of Political Science and International relations and produce project reports that include possible solutions to problems of such institutions when necessary.

X

 

 

 

 

 

Students will demonstrate that they have developed a comparative, analytical and interdisciplinary approach vis-à-vis human societies and political systems.

 

X

 

 

 

 

Students will have improved their skills and awareness of personal responsibility and team membership through conducting group or independent research projects, doing internships and producing their graduation dissertations.

X

 

 

 

 

 

Students will demonsrate proficiency in quantitative and qualitative data collections methods.

X

 

 

 

 

 

Students will prove their understanding of  the rapidly-evolving dynamics of national and global environments requires  constant self-assessment, life-long learning, and the ability to formulate innovative solutions to maintain their personal and professional development.

 

X

 

 

 

 

Students should be able to critically evaluate the body of knowledge in political science, assess self-competency and direct self-learning efforts accordingly.

x

 

 

 

 

 

Students will implement written and oral communication skills in English and Turkish in both academic and professional settings.

 

X

 

 

 

 

Students should be able to effectively demonstrate their knowledge of written,  oral and reading skills in English both in international institutional settings and follow and interpret the global dynamics of the International Relations discipline.

 

X

 

 

 

 

Students will demonstrate their social skills and experience required by public or private institutions or in the academia.

 

 

 

 

X

 

Students will show empathy and respect towards societies other than one’s own.

X

 

 

 

 

 

Students should be able to effectively utilize computer and information technologies commonly-used in the social sciences.

X

 

 

 

 

 

Students will interpret domestic and international developments and express opinions, having acquired advanced knowledge and proficiency in the via communication with international scholars and students.

X

 

 

 

 

 

Students will respect personal, social and academic ethical norms.

 

 

 

X

 

 

Students should understand the personal, social, and ecological dimensions of social responsibility, and show duties of active and global citizenship.

X

 

 

 

 

 

Students should know that universality of social-political and legal rights and social justice are the principle components of contemporary society, and that scientific thinking is an essential prerequisite for maintaining social advancement and global competitiveness.

x

 

 

 

 

 

 

ECTS

Activities

Quantity

Duration
(Hour)

Total
Workload
(Hour)

Course Duration (Including the exam week: 14x Total course hours)

16

3

48

Hours for off-the-classroom study (Pre-study, practice)

16

4

64

Mid-terms

1

15

15

Homework

10

2

20

Final examination

1

20

20

Total Work Load

 

 

167

Total Work Load / 25 (h)

 

 

6.68

ECTS Credit of the Course

 

 

7