| Course Name | Principles of Macroeconomics |
| Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
|---|---|---|---|---|---|
| ECON 102 | Spring | 3 | 0 | 3 | 6 |
| Prerequisites | None | |||||
| Course Language | English | |||||
| Course Type | Required | |||||
| Course Level | First Cycle | |||||
| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | ||||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | ||||||
| Course Objectives | The course aims to equip students with the ability to evaluate key macroeconomic issues such as GDP, economic growth, unemployment, and inflation in capitalist economies. It develops basic mathematical skills for solving numerical and algebraic economic problems and teaches economic models inspired by historical events, experiments, and empirical data. Students are encouraged to analyze economic phenomena from diverse historical, geographical, and methodological perspectives. The course prepares students for further studies in advanced macroeconomics by providing a strong foundation in theories and their applications. Additionally, it enables the practical application of economic theories through case studies and problem-solving exercises and cultivates the ability to critically assess economic indicators to evaluate economic health and policy impacts. |
| Learning Outcomes | The students who succeeded in this course;
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| Course Description | This course provides an introduction to the principles of macroeconomics, focusing on the fundamental concepts and tools used to analyze the economy as a whole. Students will explore key macroeconomic variables such as GDP, unemployment, inflation, and economic growth, and learn how to measure and interpret these indicators. The course covers the aggregate demand/aggregate supply (AD/AS) model to understand economic fluctuations and policy responses. Additionally, students will examine the roles of money, banking, and central banks in the economy, as well as the impact of monetary and fiscal policy on macroeconomic outcomes. By the end of the course, students will be able to analyze real-world economic issues, evaluate policy decisions, and apply economic reasoning to understand global and domestic economic trends. |
| Related Sustainable Development Goals |   |
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| Core Courses | X |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Managment Skills Courses | ||
| Transferable Skill Courses |
| Week | Subjects | Required Materials |
| 1 | The Macroeconomic Perspective 1 | PoE, Ch. 19.1 |
| 2 | The Macroeconomic Perspective 2 | PoE, Ch. 19.2 & 19.3 |
| 3 | The Macroeconomic Perspective 3 | PoE, Ch. 19.4 & 19.5 |
| 4 | Economic Growth | PoE, Ch. 20 |
| 5 | Unemployment | PoE, Ch. 21 |
| 6 | Inflation | PoE, Ch. 22 |
| 7 | The Aggregate Demand/Aggregate Supply Model 1 | PoE, Ch. 24.1 & 24.2 & 24.3 |
| 8 | The Aggregate Demand/Aggregate Supply Model 2 | PoE, Ch. 24.4 & 24.5 & 24.6 |
| 9 | Midterm Exam | |
| 10 | Money and Banking 1 | PoE, Ch. 27.1 & 27.2 |
| 11 | Money and Banking 2 | PoE, Ch. 27.3 & Ch. 27.4 |
| 12 | Monetary Policy 1 | PoE, Ch. 28.1 & Ch. 28.2 |
| 13 | Monetary Policy 2 | PoE, Ch. 28.3 & 28.4 & 28.5 |
| 14 | Government Budgets and Fiscal Policy 1 | PoE, Ch. 30.1 & 30.2 & 30.3 |
| 15 | Government Budgets and Fiscal Policy 2 | PoE, Ch. 30.4 & 30.5 & 30.6 |
| 16 | Review of the Semester |
| Course Notes/Textbooks | Principles of Economics 3e (PoE) Ek materyalleri olan ücretsiz bir açık kaynak ders kitabı. Lütfen kitabın internet sitesinden kaydolunuz. |
| Suggested Readings/Materials |
| Semester Activities | Number | Weighting |
| Participation | 15 | 10 |
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | 4 | 20 |
| Portfolio | ||
| Homework / Assignments | 1 | 10 |
| Presentation / Jury | ||
| Project | ||
| Seminar / Workshop | ||
| Oral Exam | ||
| Midterm | 1 | 30 |
| Final Exam | 1 | 30 |
| Total |
| Weighting of Semester Activities on the Final Grade | 18 | 70 |
| Weighting of End-of-Semester Activities on the Final Grade | 1 | 30 |
| Total |
| 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 | 0.5 | 8 |
| Field Work | | ||
| Quizzes / Studio Critiques | 4 | 8.5 | |
| Portfolio | |||
| Homework / Assignments | 1 | 20 | |
| Presentation / Jury | | ||
| Project | | ||
| Seminar / Workshop | |||
| Oral Exam | |||
| Midterms | 1 | 35 | |
| Final Exams | 1 | 35 | |
| Total | 180 |
| # | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
| 1 | To be able to use the theoretical and practical knowledge acquired in the areas of Political Science and International Relations. | X | ||||
| 2 | To be able to have the basic knowledge of, and make use of other disciplines which contribute to the areas of Political Science and International Relations. | X | ||||
| 3 | To be able to distinguish the differences between classical and contemporary theories and to assess their relationship. | X | ||||
| 4 | To be able to recognize regional and global issues, and develop solutions based on research. | X | ||||
| 5 | To be able to assess the acquired knowledge and skills in the areas of Political Science and International Relations critically. | X | ||||
| 6 | To be able to transfer ideas and proposals on issues in the areas of Political Science and International Relations to other people and institutions verbally and in writing. | X | ||||
| 7 | To be able to identify the historical continuity and changes observed in the relations between the actors and institutions of national and international politics. | X | ||||
| 8 | To be able to examine concepts, theories, and developments with scientific methods in the areas of Political Science and International Relations. | X | ||||
| 9 | To be able to take responsibility as an individual and as a team member. | X | ||||
| 10 | To be able to act in accordance with the scientific and ethical values in studies related to Political Science and International Relations. | |||||
| 11 | To be able to collect data in the areas of Political Science and International Relations and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1). | |||||
| 12 | To be able to speak a second foreign at a medium level of fluency efficiently. | X | ||||
| 13 | To be able to relate the knowledge accumulated throughout human history to their field of experience. | X | ||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
