Macroeconomic Theory I (IKT207) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Macroeconomic Theory I IKT207 Area Elective 3 0 0 3 6
Pre-requisite Course(s)
N/A
Course Language Turkish
Course Type Elective Courses
Course Level Bachelor’s Degree (First Cycle)
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion, Question and Answer.
Course Coordinator
Course Lecturer(s)
  • Assoc. Prof. Dr. Mehmet Fatih Ekinci
Course Assistants
Course Objectives The main aim of this course is to equip students with the basic theories of modern macroeconomics at the intermediate level. This course also aims to provide the necessary tools as well as concepts to analyze the key problems and the related policy issues of macroeconomics.
Course Learning Outcomes The students who succeeded in this course;
  • To learn the basic models of modern macroeconomics at the intermediate level.
  • To learn the methodology of macroeconomic analysis.
  • To learn how to apply the basic models and concepts to explain the key events and problems in the Turkish economy and world economy.
Course Content National income accounting; aggregate income and spending model; IS-LM model (closed and open economy versions); monetary and fiscal policy in the IS-LM model; AD-AS model; Phillips curve and Okun?s law; wages, prices, output and unemployment; SRAS alternative views.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 A general overview of the course pp.2-20
2 Introduction to Macroeconomic Theory and Traditional Schools of Thought pp. 2-20 Handout
3 National Income Accounting p22-47
4 Aggregate Income and Spending Model ss. 194-216
5 IS-LM Model: Closed Economy Version ss. 219-245
6 Monetary and Fiscal Policy in Closed Economy ss. 248-276
7 Mid-term Exam
8 IS-LM Model: Open Economy Version pp. 279-295
9 Monetary and Fiscal Policy in the Mundell-Fleming Model pp. 298-310
10 Additional Topics on International Adjustment & Interdependence pp. 508-546
11 AD-AS Model pp. 97-110
12 Monetary and Fiscal Policy: Short-run & Long-run pp. 110-117
13 Phillips Curve and Okun’s Law pp. 118-128
14 Wage & Price Stickiness, Derivation of AS Curve and Alternative Views pp. 129-142
15 General Review
16 Final Exam

Sources

Course Book 1. Dornbusch, R., Fischer, S. and R. Startz (2008) Macroeconomics, 10th Edition, McGraw-Hill.
2. Froyen, R. T. (2008) Macroeconomics: Theories and Policies, 9th Edition, Prentice Hall.
3. Mankiw, Gregory N. (2006) Macroeconomics, 6th Edition, Worth Publishers

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation 1 10
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics 2 10
Homework Assignments 5 10
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 30
Final Exam/Final Jury 1 40
Toplam 10 100
Percentage of Semester Work 60
Percentage of Final Work 40
Total 100

Course Category

Core Courses X
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

# Program Qualifications / Competencies Level of Contribution
1 2 3 4 5
1 Have an advanced level of basic theoretical knowledge on the field of public finance in order to obtain the practical gains. X
2 Identify the issues related to the field of public finance by dealing with it within the framework of the methodological approach, and report and evaluate it from an analytical point of view. X
3 Understand, interpret and analyse economic and financial events, equipped with knowledge of certain disciplines, especially economics, business and law. X
4 Develop policies and strategies for solving the problems by establishing the cause-effect relationship related to fiscal and economic issues through theoretical information and the discussions. X
5 Establish the relationship of public financial management and budget theory with public policies, he/she makes strong budget analysis, develop analysis on public finance and makes a link with the policy implementation X
6 Understand the tax theory, learning the legal structure, following the legal and financial developments and gaining a professional competence in tax matters effectively develop it. X
7 Have knowledge of accounting systems in private and public institutions and businesses, analyze and interpret the financial and financial structure of institutions with the knowledge and competence gained. X
8 Gain knowledge of macroeconomic framework and growth theory, including theoretical and country examples, evaluates economic developments from a theoretical perspective. X
9 Use foreign language in financial and economic fields, follow international literature, communicate on professional issues. X
10 Benefit from technological developments in studies specific to its field by using information technologies, digital developments and common software. X
11 Use qualitative and quantitative methods for the analysis of economic, financial, social and institutional events. X
12 While fulfilling its academic and professional responsibilities, develop an approach that respects s United Nations sustainable development goals, freedoms, rights of the disadvantaged groups, environment, cultural and moral values. X

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Laboratory
Application
Special Course Internship
Field Work
Study Hours Out of Class 16 3 48
Presentation/Seminar Prepration
Project
Report
Homework Assignments 5 5 25
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 10 10
Prepration of Final Exams/Final Jury 1 20 20
Total Workload 151