Business Administration
Bachelor	Length of the Programme: 4	Number of Credits: 240	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF: Level 6

ECTS Course Information Package

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

Type of Course

Flipped Classroom

Level of Course

Introductory

Semester

Spring

Contact Hours per Week

Lecture: 3

Recitation: 0

Lab: 0

Other: 0

Estimated Student Workload

134 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 introduces macroeconomic theory, focusing on the aggregate behavior of households, firms, and the government. It covers the measurement of economic activity, inflation, and unemployment; the long-run dynamics of the real economy, the monetary-system, and prices; the basics of open-economy macroeconomics; and an introduction to short-run economic fluctuations using the aggregate demand–aggregate supply framework.

Course Learning Outcomes and Competences

Upon successful completion of the course, the learner is expected to be able to:
1) Identify and interpret key macroeconomic indicators (including GDP, inflation, and unemployment) and describe what they reveal about the state of an economy.
2) Describe how the real economy and the monetary system function in the long run, including the basic drivers of economic growth and the relationship between money and prices.
3) Explain basic mechanisms in open-economy macroeconomics.
4) Describe the concept of short-run economic fluctuations and identify the basic roles of aggregate demand and aggregate supply in explaining them.

Program Learning Outcomes/Course Learning Outcomes	1	2	3	4
1) Has a broad foundation and intellectual awareness with exposure to mathematics, history, economics, and social sciences
2) Demonstrates knowledge and skills in different functional areas of business (accounting, finance, operations, marketing, strategy, and organization) and an understanding of their interactions within various industry sectors
3) Applies theoretical knowledge as well as creative, analytical, and critical thinking to manage complex technical or professional activities or projects
4) Exhibits an understanding of global, environmental, economic, legal, and regulatory contexts for business sustainability
5) Demonstrates individual and professional ethical behavior and social responsibility
6) Demonstrates responsiveness to ethnic, cultural, and gender diversity values and issues
7) Uses written and spoken English effectively (at least CEFR B2 level) to communicate information, ideas, problems, and solutions
8) Demonstrates skills in data and information acquisition, analysis, interpretation, and reporting
9) Displays computer proficiency to support problem solving and decision-making
10) Demonstrates teamwork, leadership, and entrepreneurial skills
11) Displays learning skills necessary for further study with a high degree of autonomy

Relation to Program Outcomes and Competences

N None	S Supportive	H Highly Related

	Program Outcomes and Competences	Level	Assessed by
1)	Has a broad foundation and intellectual awareness with exposure to mathematics, history, economics, and social sciences	S	HW,Exam
2)	Demonstrates knowledge and skills in different functional areas of business (accounting, finance, operations, marketing, strategy, and organization) and an understanding of their interactions within various industry sectors	S	HW,Exam
3)	Applies theoretical knowledge as well as creative, analytical, and critical thinking to manage complex technical or professional activities or projects	S	HW,Exam
4)	Exhibits an understanding of global, environmental, economic, legal, and regulatory contexts for business sustainability	N
5)	Demonstrates individual and professional ethical behavior and social responsibility	N
6)	Demonstrates responsiveness to ethnic, cultural, and gender diversity values and issues	N
7)	Uses written and spoken English effectively (at least CEFR B2 level) to communicate information, ideas, problems, and solutions	S	HW,Exam
8)	Demonstrates skills in data and information acquisition, analysis, interpretation, and reporting	N
9)	Displays computer proficiency to support problem solving and decision-making	N
10)	Demonstrates teamwork, leadership, and entrepreneurial skills	N
11)	Displays learning skills necessary for further study with a high degree of autonomy	S	HW,Exam

Prepared by and Date	ZEREN TATAR TAŞPINAR , September 2025
Course Coordinator	MUHAMMED ABDULLAH ALTUNDAL
Semester	Spring
Name of Instructor

Course Contents

Week	Subject
1)	Introduction
2)	Measuring a Nation's Income
3)	Measuring the Cost of Living
4)	Production and Growth
5)	Unemployment and Its Natural Rate
6)	Saving, Investment, and the Financial System
7)	The Basic Tools of Finance
8)	Midterm Week
9)	The Monetary System
10)	Money Growth and Inflation
11)	Open-Economy Macroeconomics: Basic Concepts
12)	A Macroeconomic Theory of the Open Economy
13)	Short-run Fluctuations: Aggregate Demand and Aggregate Supply
14)	Review
15)	Final Examination Period
16)	Final Examination Period

Required/Recommended Readings

Principles of Macroeconomics ISBN: 9781285165912 Edition 8 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

Assessment Tools	Count	Weight
Homework Assignments	2	% 30
Midterm(s)	2	% 40
Final Examination	1	% 30
TOTAL		% 100

Course Administration

taspinare@mef.edu.tr

Course Instructor: Zeren Tatar Taşpınar – taspinare@mef.edu.tr Lecture time and place: TBA Attendance: Attendance of at least 70% of classes is mandatory. Students who are absent for more than 4 weeks will fail the course and receive an FZ grade. It is the student’s responsibility to track their attendance status throughout the semester on Blackboard. For further details, please see Article 24 of the Regulations for Undergraduate and Associate Degree Education (Lisans ve Önlisans Eğitim-Öğretim Yönetmeliği, in Turkish). Missing midterm and final exam: If a student misses the midterm and/or final exam due to health reasons or a family emergency, they must submit a medical report or other relevant official documentation to the Dean’s Office. The Dean’s Office will evaluate the submitted documents to determine the student’s eligibility for a make-up exam. The required form for submitting documentation and requesting a make-up exam must be completed via Cognito Forms. For further details, please see the Rules on the Acceptance of Excuses and the Conduct of Make-Up Examinations (Mazeretlerin Kabulü ve Mazeret Sınavlarının Yapılışına Dair Esaslar, in Turkish). Missing post-class assignments (problem sets in MindTap) and in-class activities: No makeup. Academic integrity: All students of MEF University are expected to be honest and comply with academic integrity. Students are expected to do their own work and neither give nor receive unauthorized assistance. Disciplinary action will be taken in case of suspicion. Disciplinary procedures are carried out in accordance with Article 54 of the Law on Higher Education No. 2547.

ECTS Student Workload Estimation

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	2	3	1	84
Homework Assignments	10	1	1		20
Midterm(s)	1	10	2		12
Final Examination	1	16	2		18
Total Workload					134
Total Workload/25					5.4
ECTS					5