Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
4ECON 202Intermediate Macroeconomics2+2+03517.06.2023

 
Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program BA Program in Economics
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course This course aims to:
1. Introduce the measurement of key indicators such as aggregate output, inflation, unemployment, and current account deficit.
2. Build the skills of understanding how basic models of the economy explains the interactions between these macroeconomic measures.
3. Emphasize the links between the domestic economy and the rest of the world.
4. Deliver the issues of long- run economic growth and growth convergence among countries.
5. Explain what causes economic activity to fluctuate over the years from recessions from recessions to full employment.
6. Analyze the role of governments and central banks in smoothing out these fluctuations.
7. Demonstrate the insights conveyed by various economic schools of thought.
8. Promote students to read, contemplate on discuss pieces from the related literature.
9. Encourage students to convey their arguments related to aggregate economy through written assignments
Course Content Macroeconomics is the study of the overall performance of the economy. It addresses such issues as national income, unemployment, inflation, interest rates, monetary policy, fiscal policy, trade deficit. This course will present the basic tools of macroeconomic theory and discuss their implications for economic policy
Course Methods and Techniques
Prerequisites and co-requisities ( ECON 102 )
Course Coordinator Prof.Dr. Hasan Vergil
Name of Lecturers Prof.Dr. MUHİTTİN KAPLAN
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Macroeconomics Andrew Abel, Ben Bernanke, Dean Croushore
Course Notes Mankiw, N. G, and Taylor, M.P. Macroeconomics, (5th Edition).
Robert J. Gordon, Macroeconomics, 12th Edition
Lecture Notes & Tutorial Sheets.

Course Category
Social Sciences %100

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 30
Assignment 5 % 20
Attendance 14 % 10
Total
20
% 60

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 4 56
Hours for off-the-c.r.stud 15 2 30
Assignments 5 2 10
Mid-terms 1 10 10
Practice 14 1 14
Final examination 1 30 30
Total Work Load   Number of ECTS Credits 5 150

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Define key macroeconomic concepts such as Gross Domestic Product, Inflation, Unemployment. (A)
2 Make use of the basic Solow growth model to understand the cross-country growth differences. (C)
3 Analyze the long-run growth impact of improvements in technology, capital stock, population and savings. (D)
4 Construct the IS-LM model.(C)
5 Utilize the IS-LM model to analyze the impacts of fiscal and monetary policies on the economy. (C,F)
6 Compare the approaches of Keynesian and Classical schools of thought to equilibrium in the economy and the adjustment process (E)

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Introduction: Terms and Core Topics Chapter 1, Abel Bernanke and Croushore
2 The Measurement and Structure of the National Economy Chapter 2, Abel Bernanke and Croushore
3 Productivity, Output, and Employment Chapter 3, Abel Bernanke and Croushore
4 Consumption, Saving, and Investment Chapter 4, Abel Bernanke and Croushore
5 Long-Run Economic Growth Chapter 6, Abel Bernanke and Croushore
6 The Asset Market, Money, and Prices Chapter 7, Abel Bernanke and Croushore
7 Business Cycles Chapter 8, Abel Bernanke and Croushore
8 The IS-LM/AD-AS Model Chapter 9, Abel Bernanke and Croushore
9 Classical Business Cycle Analysis Chapter 10, Abel Bernanke and Croushore
10 Midterm and Keynesianism Chapter 11 , Abel Bernanke and Croushore
11 Monetary Policy and the Federal Reserve System Chapter 14, Abel Bernanke and Croushore
12 Government Spending and Its Financing Chapter 15, Abel Bernanke and Croushore
13 Saving and Investment in the Open Economy Chapter 5, Abel Bernanke and Croushore
14 Exchange Rates , Business Cycles and Macroeconomic Policy in the Open Economy Chapter 13, Abel Bernanke and Croushore

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12
All 4 1
C1
C2 4 3
C3 5 3
C4
C5 3 3 4
C6

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant

  
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