ECTS - Macroeconomic Theory I
Macroeconomic Theory I (ECON207) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Macroeconomic Theory I | ECON207 | 3. Semester | 3 | 0 | 0 | 3 | 6 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Compulsory Departmental Courses |
| Course Level | Bachelor’s Degree (First Cycle) |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Problem Solving. |
| Course Lecturer(s) |
|
| 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;
|
| 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 | An Overview of the Course | |
| 2 | Introduction to Macroeconomic Theory and Traditional Schools of Thought | pp. 2-20 Handout |
| 3 | National Income Accounting | pp. 22-47 |
| 4 | Aggregate Income and Spending Model | pp. 194-216 |
| 5 | IS-LM Model: Closed Economy Version | pp. 219-245 |
| 6 | Monetary and Fiscal Policy in Closed Economy | pp. 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. |
|---|---|
| 3. Mankiw, Gregory N. (2006) Macroeconomics, 6th Edition, Worth Publishers | |
| Other Sources | 2. Froyen, R. T. (2008) Macroeconomics: Theories and Policies, 9th Edition, Prentice Hall. |
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 | |
|---|---|
| Major Area Courses | X |
| 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 | Acquiring the skills of understanding, explaining, and using the fundamental concepts and methods of economics | X | ||||
| 2 | Acquiring the skills of macro level economic analysis | X | ||||
| 3 | Acquiring the skills of micro level economic analysis | |||||
| 4 | Understanding the formulation and implementation of economic policies at the local, national, regional, and/or global level | X | ||||
| 5 | Learning different approaches on economic and related issues | X | ||||
| 6 | Acquiring the quantitative and/or qualitative techniques in economic analysis | X | ||||
| 7 | Improving the ability to use the modern software, hardware and/or technological devices | |||||
| 8 | Developing intra-disciplinary and inter-disciplinary team work skills | |||||
| 9 | Acquiring an open-minded behavior through encouraging critical analysis, discussions, and/or life-long learning | X | ||||
| 10 | Adopting work ethic and social responsibility | X | ||||
| 11 | Developing the skills of communication. | X | ||||
| 12 | Improving the ability to effectively implement the knowledge and skills in at least one of the following areas: economic policy, public policy, international economic relations, industrial relations, monetary and financial affairs. | 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 | 4 | 64 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | 6 | 5 | 30 |
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 1 | 2 | 2 |
| Prepration of Final Exams/Final Jury | 1 | 2 | 2 |
| Total Workload | 146 | ||