TR
11111

COURSE INTRODUCTION AND APPLICATION INFORMATION

eco.ieu.edu.tr

Course Name
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
Spring
Prerequisites
None
Course Language
Course Type
Required
Course Level
-
Mode of Delivery -
Teaching Methods and Techniques of the Course
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives
Learning Outcomes The students who succeeded in this course;
  • Will be able to explain the basic principles of macroeconomics.
  • Will be able to explain key macroeconomic variables and the measurement of such variables.
  • Will be able to explain the basic relationships between the variables such as national income, unemployment, budget deficit, money supply, interest rate, inflation rate and trade deficit.
  • Will be able to explain how monetary policy and fiscal policy affect macroeconomic outcomes .
  • Will be able to explain functions of money and measures of money supply.
  • Will be able to explain the basic function of the banks and other financial intermediaries and how banks create money.
  • Will be able to indicate how interest rate is determined via money supply and money demand in the money market.
  • Will be able to elaborate a simple macroeconomic model based on aggregate demand and aggregate supply.
Course Description

 



Course Category

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

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 Introduction to Macroeconomics Case, Karl and Fair, Ray, Principles of Economics, Chapter 20 (Pearson Education International, 9th edition)
2 Measuring National Output and National Income Case, Karl and Fair, Ray, Principles of Economics, Chapter 21 (Pearson Education International, 9th edition)
3 Unemployment, Inflation, and LongRun Growth, Case, Karl and Fair, Ray, Principles of Economics, Chapter 22 (Pearson Education International, 9th edition)
4 Aggregate Expenditure and Equilibrium Output Case, Karl and Fair, Ray, Principles of Economics, Chapter 23 (Pearson Education International, 9th edition)
5 Aggregate Expenditure and Equilibrium Output Case, Karl and Fair, Ray, Principles of Economics, Chapter 23 (Pearson Education International, 9th edition)
6 FIRST MIDTERM EXAM April 4, 2014
7 The Government and Fiscal Policy Case, Karl and Fair, Ray, Principles of Economics, Chapter 24 (Pearson Education International, 9th edition)
8 The Government and Fiscal Policy Case, Karl and Fair, Ray, Principles of Economics, Chapter 24 (Pearson Education International, 9th edition)
9 The Money Supply and the Federal Reserve System Case, Karl and Fair, Ray, Principles of Economics, Chapter 25 (Pearson Education International, 9th edition)
10 Money Demand, the Equilibrium Interest Rate Case, Karl and Fair, Ray, Principles of Economics, Chapter 26 (Pearson Education International, 9th edition)
11 SECOND MIDTERM EXAM May 9, 2014
12 Aggregate Demand in the Goods and Money Markets Case, Karl and Fair, Ray, Principles of Economics, Chapter 27 (Pearson Education International, 9th edition)
13 Aggregate Demand in the Goods and Money Markets Case, Karl and Fair, Ray, Principles of Economics, Chapter 27 (Pearson Education International, 9th edition)
14 Aggregate Supply and the Equilibrium Price Level Case, Karl and Fair, Ray, Principles of Economics, Chapter 28 (Pearson Education International, 9th edition)
15 Review of the Semester  
16 Review of the Semester  
Course Notes/Textbooks Case, Karl and Fair, Ray, Principles of Economics, Pearson – Prentice Hall, 10th edition, 2012.
Suggested Readings/Materials

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
16
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
8
20
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterm
2
40
Final Exam
1
30
Total

Weighting of Semester Activities on the Final Grade
26
70
Weighting of End-of-Semester Activities on the Final Grade
1
30
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
 
Study Hours Out of Class
16
3
Field Work
 
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
8
2.5
Presentation / Jury
 
 
Project
 
Seminar / Workshop
Oral Exam
Midterms
2
16
Final Exams
1
12
    Total
160

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
 Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1 To have a sound knowledge of the quantitative and qualitative methods that will help to examine the premises of different theories for an applied subject so that a contribution to solving current economic problems can be made. X
2 To have the experience of writing, using software, and doing presentations in the newspapers, magazines, meetings, panels, and in equivalent virtual platforms (internet), in order to share their accumulated knowledge and problem solving ability acquired during their education. X
3 To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently.
4 To have adequate social responsibility and awareness with regards to the needs of the society and to have sufficient experience and qualifications to organize and support the activities to influence the social dynamics in line with the social goals. X
5 To be able to integrate the knowledge and training acquired during the university education with personal and work experience and produce a synthesis of knowledge she requires.
6 To have the ability to evaluate his/her advance (post graduate) level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically.
7 To have sufficient practical and theoretical knowledge base in order to define the economic agents and their interaction both in the national and global level, to process economic data and to implement scientific research for development of economic policies. X
8 Keeping in mind that economics is a social science, to have the skills to integrate social dynamics into economic process both as an input and an output and to be open to theoretical innovations in this direction.
9 To associate accumulated knowledge acquired during the university education with historical and cultural qualities of the society and to convey it to different groups.
10 To be able to follow knowledge and change in economics and communicate with colleagues in a foreign language. X
11 To possess social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis. X
12 To have advanced level of speaking and writing skills of a second foreign language to support continuation of post graduate professional and individual development

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 

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