| School/Faculty/Institute | Faculty of Economics, Administrative and Social Sciences | ||||
| Course Code | ECON 102 | ||||
| Course Title in English | Macroeconomics | ||||
| Course Title in Turkish | Makroekonomi | ||||
| Language of Instruction | EN | ||||
| Type of Course | Ters-yüz öğrenme | ||||
| Level of Course | Başlangıç | ||||
| Semester | Spring | ||||
| Contact Hours per Week |
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| Estimated Student Workload | 127 hours per semester | ||||
| Number of Credits | 5 ECTS | ||||
| Grading Mode | Standard Letter Grade | ||||
| Pre-requisites | None | ||||
| Co-requisites | None | ||||
| Expected Prior Knowledge | None | ||||
| Registration Restrictions | Only Undergraduate Students | ||||
| Overall Educational Objective | To gain the basic understanding of the principles of macroeconomics. | ||||
| Course Description | This course offers an introduction to the macroeconomic theory, which studies the aggregate behavior of households, firms and the government. Topics covered involve gross domestic product, national income, economic growth and productivity, unemployment, inflation, aggregate demand and supply. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) Understand and interpret the main macroeconomic concepts such as GDP, inflation, and unemployment; 2) Explain how financial and monetary system works; 3) Demonstrate a basic understanding of the macroeconomic theory of the open economy. |
| Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 |
|---|---|---|---|
| 1) Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. | |||
| 2) Demonstrates knowledge and skills in understanding the interactions of different areas of economics. | |||
| 3) Displays a sound comprehension of microeconomic and macroeconomic theory. | |||
| 4) Applies economic concepts to solve complex problems and enhance decision-making capability. | |||
| 5) Uses quantitative techniques to analyze different economic systems. | |||
| 6) Applies theoretical knowledge to analyze issues regarding Turkish and global economies. | |||
| 7) Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. | |||
| 8) Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings. | |||
| 9) Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. | |||
| 10) Exhibits individual and professional ethical behavior and social responsibility. | |||
| 11) Displays learning skills necessary for further study with a high degree of autonomy |
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. | H | Exam,Homework |
| 2) | Demonstrates knowledge and skills in understanding the interactions of different areas of economics. | S | Exam,Homework |
| 3) | Displays a sound comprehension of microeconomic and macroeconomic theory. | H | Exam,Homework |
| 4) | Applies economic concepts to solve complex problems and enhance decision-making capability. | S | Exam,Homework |
| 5) | Uses quantitative techniques to analyze different economic systems. | S | Exam,Homework |
| 6) | Applies theoretical knowledge to analyze issues regarding Turkish and global economies. | H | Exam,Homework |
| 7) | Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. | N | |
| 8) | Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings. | S | Exam,Homework |
| 9) | Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. | H | Exam,Homework |
| 10) | Exhibits individual and professional ethical behavior and social responsibility. | S | Exam,Homework |
| 11) | Displays learning skills necessary for further study with a high degree of autonomy | S | Exam,Homework |
| Prepared by and Date | NAZLI KARAMOLLAOĞLU , November 2023 |
| Course Coordinator | MUHAMMED ABDULLAH ALTUNDAL |
| Semester | Spring |
| Name of Instructor | Assoc. Prof. Dr. NAZLI KARAMOLLAOĞLU |
| Week | Subject |
| 1) | Introduction |
| 2) | Measuring a Nation's Income |
| 3) | Measuring the Cost of Living |
| 4) | Production and Growth |
| 5) | Saving, Investment, and the Financial System |
| 6) | Midterm Week |
| 7) | The Basic Tools of Finance |
| 8) | Unemployment and Its Natural Rate |
| 9) | The Monetary System |
| 10) | Money Growth and Inflation |
| 11) | Midterm Week |
| 12) | Open-Economy Macroeconomics: Basic Concepts |
| 13) | A Macroeconomic Theory of the Open Economy |
| 14) | Review |
| 15) | Final Examination Period |
| 16) | Final Examination Period |
| Required/Recommended Readings | Principles of Macroeconomics ISBN: 9781285165912 Edition 7 Author: N. Gregory Mankiw / Harvard University | |||||||||||||||
| Teaching Methods | Flipped classroom | |||||||||||||||
| Homework and Projects | Assignments | |||||||||||||||
| Laboratory Work | None | |||||||||||||||
| Computer Use | Lab | |||||||||||||||
| Other Activities | None | |||||||||||||||
| Assessment Methods |
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| Course Administration |
nazli.karamollaoglu@mef.edu.tr More detailed information about the course, like office hours, can be found in the blackboard. Attendance is required. Academic Dishonesty and Plagiarism: YOK Regulation |
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| Activity | No/Weeks | Hours | Calculation | ||||
| No/Weeks per Semester | Preparing for the Activity | Spent in the Activity Itself | Completing the Activity Requirements | ||||
| Course Hours | 14 | 1.5 | 3 | 1 | 77 | ||
| Homework Assignments | 2 | 5 | 1 | 12 | |||
| Midterm(s) | 2 | 8 | 2 | 20 | |||
| Final Examination | 1 | 16 | 2 | 18 | |||
| Total Workload | 127 | ||||||
| Total Workload/25 | 5.1 | ||||||
| ECTS | 5 | ||||||