ISTINYE UNIVERSITY BİLGİ PAKETİ / DERS KATALOĞU
Course Introduction and Application Information
| Course Code: | ECO203 | ||||
| Course Name: | Macroeconomics 1 | ||||
| Semester: | Fall | ||||
| Course Credits: |
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| Language of instruction: | English | ||||
| Course Condition: | |||||
| Does the Course Require Work Experience?: | No | ||||
| Type of course: | Compulsory Courses | ||||
| Course Level: |
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| Mode of Delivery: | Face to face | ||||
| Course Coordinator: | Doç. Dr. ÇİĞDEM GÜRSOY | ||||
| Course Lecturer(s): | Gökhan Övenç | ||||
| Course Assistants: |
Course Objective and Content
| Course Objectives: | The primary goal of the course is to assist students to develop a consistent way of thinking about key macroeconomic concepts and phenomena. Since macroeconomics is also an empirical discipline, the course covers some case studies and data interpretations. Special attention will be given to the current developments in the Turkish and the European economy by using some theoretical macroeconomic models. |
| Course Content: | The macroeconomics course is designed to explain the determination of income, output, employment, price level, interest rates and exchange rates in the whole economy. The impacts of changes and developments in general economy on economic growth, stabilization policies and business cycles will be examined through short-run, medium-run and long-run analyses. |
Learning Outcomes
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The students who have succeeded in this course;
1) Have enough knowledge to interpret the GDP of a country. 2) Evaluate the relationship between interest rate, saving, investment and production. 3) Analyse the impacts of any factor change on macroeconomic environment using the IS/LM model. 4) Learn how monetary and fiscal policies affect general macroeconomic environment. |
Course Flow Plan
| Week | Subject | Related Preparation |
| 1) | Measuring the Different Aspects of the Economy | |
| 2) | The Goods Market, Demand, Income and Output | |
| 3) | Marginal Propensity to Consume and Multiplier of the Economy | |
| 4) | Public and Private Saving | |
| 5) | Goods Market Equilibrim, Interest Rate and Output | |
| 6) | Financial Markets and Money | |
| 7) | IS/LM Models | |
| 8) | MIDTERM | |
| 9) | IS/LM Models and Monetary Policy | |
| 10) | IS/LM Models and Fiscal Policy | |
| 11) | Labor Market and Phillips Curve | |
| 12) | Price and Wage Determination | |
| 13) | The Neutrality of Money | |
| 14) | Review and Summary |
Sources
| Course Notes / Textbooks: | Macroeconomics by Gregory Mankiw |
| References: | Macroeconomics A European Perspective by Olivier Blanchard (Prentice Hall) |
Course - Program Learning Outcome Relationship
| Course Learning Outcomes | 1 |
2 |
3 |
4 |
|---|---|---|---|---|
| Program Outcomes |
Course - Learning Outcome Relationship
| No Effect | 1 Lowest | 2 Average | 3 Highest |
| Program Outcomes | Level of Contribution |
Assessment & Grading
| Semester Requirements | Number of Activities | Level of Contribution |
| Homework Assignments | 4 | % 20 |
| Midterms | 1 | % 30 |
| Final | 1 | % 50 |
| total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 50 | |
| PERCENTAGE OF FINAL WORK | % 50 | |
| total | % 100 | |
Workload and ECTS Credit Calculation
| Activities | Number of Activities | Preparation for the Activity | Spent for the Activity Itself | Completing the Activity Requirements | Workload | ||
| Course Hours | 14 | 1 | 3 | 56 | |||
| Homework Assignments | 4 | 5 | 2 | 28 | |||
| Midterms | 1 | 15 | 1 | 16 | |||
| Final | 1 | 20 | 2 | 22 | |||
| Total Workload | 122 | ||||||