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 standards 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 Potential 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	Potential GDP and Natural Unemployment 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	Investment, Saving and Interest 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, interest and Inflation	Bade&parkin Foundations of Economics , Chapter 28(Pearson,sixth Edition)
11	AS-AD and Business Cycle	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 Sort-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

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’s Contribution to Program

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

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