| Course Name | Theory of Macroeconomics |
| Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
|---|---|---|---|---|---|
| ECON 202 | Spring | 3 | 0 | 3 | 6 |
| Prerequisites |
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| 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 | Macroeconomics analyzes the links between macroeconomic variables like GDP, consumption, investment, savings, employment, and inflation. This course teaches macroeconomics at the intermediate level with a focus on the Keynesian School. |
| Learning Outcomes | The students who succeeded in this course;
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| Course Description | This intermediate-level course covers common macroeconomics themes such as National Income and Product Accounts (NIPA), Simple Keynesian macroeconomic equilibrium, the multiplier process, IS-LM analysis, fiscal policy and monetary policy, expansionary and contractionary policies, stabilization policies, the Phillips curve, AD-AS analysis, Keynesian macroeconomic equilibrium under open economy. |
| Related Sustainable Development Goals | |
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| Core Courses | |
| Major Area Courses | X | |
| Supportive Courses | ||
| Media and Managment Skills Courses | ||
| Transferable Skill Courses |
| Week | Subjects | Required Materials |
| 1 | Introduction | Chapter 1 in OB |
| 2 | Measurement of Aggregates | Chapter 2 in OB |
| 3 | Measurement of Aggregates | Chapter 2 in OB |
| 4 | The Goods Market | Chapter 3 in OB |
| 5 | The Goods Market | Chapter 3 in OB |
| 6 | Financial Markets I | Chapter 4 in OB |
| 7 | The IS-LM Model | Chapter 5 in OB |
| 8 | The IS-LM Model &Financial Markets II | Chapters 5&6 in OB |
| 9 | Midterm Exam | |
| 10 | The Labor market | Chapter 7 in OB |
| 11 | The Phillips Curve and the NAIRU | Chapter 8 in OB |
| 12 | The Phillips Curve and the NAIRU | Chapter 8 in OB |
| 13 | The AD-AS Model | Chapter 9 in OB |
| 14 | Open-economy | Chapters 17&18 in OB |
| 15 | Semester Review | |
| 16 | Final Exam |
| Course Notes/Textbooks | Oliver Blanchard (OB), Macroeconomics, Pearson Prentice Hall, Seventh Edition 2017, ISBN-13: 978-0133780581, ISBN-10: 0133780589 |
| Suggested Readings/Materials |
| Semester Activities | Number | Weighting |
| Participation | 15 | 10 |
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | ||
| Presentation / Jury | ||
| Project | ||
| Seminar / Workshop | ||
| Oral Exam | ||
| Midterm | 1 | 40 |
| Final Exam | 1 | 50 |
| Total |
| Weighting of Semester Activities on the Final Grade | 16 | 50 |
| Weighting of End-of-Semester Activities on the Final Grade | 1 | 50 |
| 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 | 3 | 48 |
| Field Work | |||
| Quizzes / Studio Critiques | |||
| Portfolio | |||
| Homework / Assignments | |||
| Presentation / Jury | |||
| Project | |||
| Seminar / Workshop | |||
| Oral Exam | |||
| Midterms | 1 | 20 | |
| Final Exams | 1 | 20 | |
| Total | 136 |
| # | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
| 1 | To be able to acquire a sound knowledge of fundamental concepts, theories, principles and methods of investigation specific to the economic field. | X | ||||
| 2 | To be able to apply adequate mathematical, econometric, statistical and data analysis models to process economic data and to implement scientific research for development of economic policies. | |||||
| 3 | To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently. | |||||
| 4 | To be able to have adequate social responsibility with regards to the needs of the society and to organize the activities to influence social dynamics in line with social goals. | |||||
| 5 | To be able to integrate the knowledge and training acquired during the university education with personal education and produce a synthesis of knowledge one requires. | |||||
| 6 | To be able to evaluate his/her advance level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically. | X | ||||
| 7 | To be able to acquire necessary skills to integrate social dynamics into economic process both as an input and an output. | X | ||||
| 8 | To be able to link accumulated knowledge acquired during the university education with historical and cultural qualities of the society and be able to convey it to different strata of society. | X | ||||
| 9 | To be able to take the responsibility as an individual and as a team member. | |||||
| 10 | To be able to attain social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis. | X | ||||
| 11 | To be able to collect data in economics and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1) | X | ||||
| 12 | To be able to speak a second foreign at a medium level of fluency efficiently. | |||||
| 13 | To be able to relate the knowledge accumulated throughout human history to their field of economics. | |||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest