| School/Faculty/Institute |
Faculty of Econ., Admin. and Social Sciences |
| Course Code |
ECON 203 |
| Course Title in English |
Macroeconomic Theory I |
| Course Title in Turkish |
Makroekonomik Teori I |
| Language of Instruction |
EN |
| Type of Course |
Flipped Classroom |
| Level of Course |
Select |
| Semester |
Fall |
| Contact Hours per Week |
| Lecture: 3 |
Recitation: 0 |
Lab: 0 |
Other: 0 |
|
| Estimated Student Workload |
135 hours per semester |
| Number of Credits |
5 ECTS |
| Grading Mode |
Standard Letter Grade
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| Pre-requisites |
ECON 102 - Macroeconomics
MATH 102 - Mathematics for Social Sciences Ii
MATH 104 - Mathematics for Social Sciences II
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| Expected Prior Knowledge |
Prior knowledge of macroeconomics and mathematics. |
| Co-requisites |
None |
| Registration Restrictions |
Only Undergraduate Students |
| Overall Educational Objective |
To learn the necessary tools and ideas to understand the aggregate economy. |
| Course Description |
This course aims to provide an integrated view of macroeconomics, exploring various timeframes. In the short run, it analyzes equilibrium in the goods and financial markets, employing a fundamental model to understand fluctuations in output. In the medium run, the focus shifts to equilibrium in the labor market and emphasizes the relationship between inflation and unemployment. Finally, in the long run, the course examines the evolution of output across different countries. Another goal of the course is to establish a connection between theoretical concepts and real-world applications, facilitating a more profound comprehension of macroeconomic principles through practical examples.
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| Course Description in Turkish |
Bu ders çeşitli zaman dilimlerini inceleyerek makroekonomiye entegre bir bakış sunmayı amaçlamaktadır.Ders kapsamında kısa vadede, çıktıdaki dalgalanmaları anlamak için mal ve finansal piyasalardaki denge analiz edilmektedir. Orta vadede işgücü piyasasındaki denge incelenerek enflasyon ile işsizlik arasındaki ilişki ele alınmaktadır. Son olarak, uzun vadede ise, farklı ülkelerdeki çıktının gelişimi incelenmektedir. Dersin bir diğer amacı da teorik kavramlar ile gerçek dünya uygulamaları arasında bağlantı kurarak makroekonomik ilkelerin pratik örneklerle daha derinlemesine anlaşılmasını sağlamaktır. |
Course Learning Outcomes and Competences
Upon successful completion of the course, the learner is expected to be able to:
1) Understand macroeconomic models by analyzing their assumptions and differences;
2) Examine macroeconomic events in macroeconomic framework including IS-LM model and IS-LM-PC model;
3) Apply mathematical tools to analyze effects of macroeconomic events on macroeconomic variables;
4) Establish a connection between theoretical concepts and real-world applications.
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| Program Learning Outcomes/Course Learning Outcomes |
1 |
2 |
3 |
4 |
| 1) Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. |
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| 2) Demonstrates knowledge and skills in understanding the interactions of different areas of economics. |
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| 3) Displays a sound comprehension of microeconomic and macroeconomic theory.
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| 4) Applies economic concepts to solve complex problems and enhance decision-making capability. |
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| 5) Uses quantitative techniques to analyze different economic systems.
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| 6) Applies theoretical knowledge to analyze issues regarding Turkish and global economies. |
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| 7) Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. |
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| 8) Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings.
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| 9) Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. |
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| 10) Exhibits individual and professional ethical behavior and social responsibility. |
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| 11) Displays learning skills necessary for further study with a high degree of autonomy |
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Relation to Program Outcomes and Competences
| N None |
S Supportive |
H Highly Related |
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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 |
|
| 2) |
Demonstrates knowledge and skills in understanding the interactions of different areas of economics. |
H |
|
| 3) |
Displays a sound comprehension of microeconomic and macroeconomic theory.
|
H |
|
| 4) |
Applies economic concepts to solve complex problems and enhance decision-making capability. |
H |
|
| 5) |
Uses quantitative techniques to analyze different economic systems.
|
H |
|
| 6) |
Applies theoretical knowledge to analyze issues regarding Turkish and global economies. |
H |
|
| 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 |
|
| 9) |
Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. |
H |
|
| 10) |
Exhibits individual and professional ethical behavior and social responsibility. |
S |
|
| 11) |
Displays learning skills necessary for further study with a high degree of autonomy |
S |
|
| Prepared by and Date |
NAZLI KARAMOLLAOĞLU , November 2023 |
| Course Coordinator |
NAZLI KARAMOLLAOĞLU |
| Semester |
Fall |
| Name of Instructor |
Assoc. Prof. Dr. NAZLI KARAMOLLAOĞLU |
Course Contents
| Week |
Subject |
| 1) |
Introduction |
| 2) |
General Issues and Concepts in Macroeconomics |
| 3) |
The Goods Market |
| 4) |
Financial Markets |
| 5) |
Goods and Financial Markets: The IS-LM Model |
| 6) |
Financial Markets II: The Extended IS-LM Model |
| 7) |
Review and Midterm |
| 8) |
The Labor Market |
| 9) |
The Phillips Curve, the Natural Rate of Unemployment, and Inflation |
| 10) |
From the Short to the Medium Run: The IS-LM-PC Model |
| 11) |
The Facts of Growth |
| 12) |
Saving, Capital Accumulation, and Output |
| 13) |
Technological Progress and Growth |
| 14) |
Challenges of Growth |
| 15) |
Final Examination Period |
| 16) |
Final Examination Period |
Information Package / Course Catalogue