Macroeconomic Theory I (IKT207) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Macroeconomic Theory I IKT207 3. Semester 3 0 0 3 6
Pre-requisite Course(s)
N/A
Course Language Turkish
Course Type Compulsory Departmental Courses
Course Level Bachelor’s Degree (First Cycle)
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion, Question and Answer.
Course Coordinator
Course Lecturer(s)
  • Assoc. Prof. Dr. Mehmet Fatih Ekinci
Course Assistants
Course Objectives The main aim of this course is to equip students with the basic theories of modern macroeconomics at the intermediate level. This course also aims to provide the necessary tools as well as concepts to analyze the key problems and the related policy issues of macroeconomics.
Course Learning Outcomes The students who succeeded in this course;
  • To learn the basic models of modern macroeconomics at the intermediate level.
  • To learn the methodology of macroeconomic analysis.
  • To learn how to apply the basic models and concepts to explain the key events and problems in the Turkish economy and world economy.
Course Content National income accounting; aggregate income and spending model; IS-LM model (closed and open economy versions); monetary and fiscal policy in the IS-LM model; AD-AS model; Phillips curve and Okun?s law; wages, prices, output and unemployment; SRAS alternative views.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 A general overview of the course pp.2-20
2 Introduction to Macroeconomic Theory and Traditional Schools of Thought pp. 2-20 Handout
3 National Income Accounting p22-47
4 Aggregate Income and Spending Model ss. 194-216
5 IS-LM Model: Closed Economy Version ss. 219-245
6 Monetary and Fiscal Policy in Closed Economy ss. 248-276
7 Mid-term Exam
8 IS-LM Model: Open Economy Version pp. 279-295
9 Monetary and Fiscal Policy in the Mundell-Fleming Model pp. 298-310
10 Additional Topics on International Adjustment & Interdependence pp. 508-546
11 AD-AS Model pp. 97-110
12 Monetary and Fiscal Policy: Short-run & Long-run pp. 110-117
13 Phillips Curve and Okun’s Law pp. 118-128
14 Wage & Price Stickiness, Derivation of AS Curve and Alternative Views pp. 129-142
15 General Review
16 Final Exam

Sources

Course Book 1. Dornbusch, R., Fischer, S. and R. Startz (2008) Macroeconomics, 10th Edition, McGraw-Hill.
2. Froyen, R. T. (2008) Macroeconomics: Theories and Policies, 9th Edition, Prentice Hall.
3. Mankiw, Gregory N. (2006) Macroeconomics, 6th Edition, Worth Publishers

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation 1 10
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics 2 10
Homework Assignments 5 10
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 30
Final Exam/Final Jury 1 40
Toplam 10 100
Percentage of Semester Work 60
Percentage of Final Work 40
Total 100

Course Category

Core Courses X
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

# Program Qualifications / Competencies Level of Contribution
1 2 3 4 5
1 They acquire the skills to understand, explain, and use the basic concepts and methods of economics. X
2 Acquires macro-economic analysis skills. X
3 Acquire microeconomic analysis skills. X
4 Understands the formulation and implementation of economic policies at local, national, regional and/or global levels. X
5 Learn different approaches to the economy and economic issues. X
6 Learn qualitative and quantitative research techniques in economic analysis. X
7 Improving the ability to use modern software, hardware and/or other technological tools. X
8 Develops intra-disciplinary and inter-disciplinary team work skills. X
9 Contributes to open-mindedness by encouraging critical analysis, discussion, and/or lifelong learning. X
10 Develops a sense of work ethics and social responsibility. X
11 Develops communication skills. X
12 Improving the ability to effectively apply knowledge and skills in at least one of the following areas: Economic policy, public policy, international economic relations, industrial relations, monetary and financial relations X

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Laboratory
Application
Special Course Internship
Field Work
Study Hours Out of Class 16 3 48
Presentation/Seminar Prepration
Project
Report
Homework Assignments 5 5 25
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 10 10
Prepration of Final Exams/Final Jury 1 20 20
Total Workload 151