Faculty of Humanities and Social Sciences · Political Science and International Relations (English) · Undergraduate
Course Objective
Course Description
This course provides an introduction to macroeconomic principles, focusing on national income, inflation, unemployment, and economic growth. Students will explore fiscal and monetary policies, financial crises, and international trade dynamics. Emphasis will be placed on real-world applications and policy implications in both developed and developing economies.
Expectations and Goals
Students are expected to engage critically with macroeconomic concepts and apply theoretical models to current economic issues. By the end of the course, they should understand key macroeconomic indicators, policy tools, and global economic interactions. Active participation, analytical thinking, and problem-solving will be essential for success.
Course Content
- Introduction to the course.
- Introduction to Macroeconomics.
- Measuring National Output and National Income.
- Unemployment, Inflation and long Run Growth.
- Aggregate Expenditure and Equilibrium Output.
- The Government and Fiscal Policy.
- Money, the Federal Reserves, and the Interest Rate.
- The Determination of Aggregate Output, the Price Level, and the Interest Rate.
- Policy Effects and Cost Shocks in the AS/AD Model.
- Financial Crises, Stabilization, and Deficits.
- International Trade, Comparative Advantage, and Protectionism.
- Open Economy Macroeconomics: The Balance of Payments and Exchange Rates.
- Economic Growth in Developing Economies.
Required Resources
Begg, Vernasca, Fischer and Dornbush, Economics, 11th Edition, McGraw-Hill Education, 2014.
Recommended Resources
(1) Case, Fair and Oster, Principles of Economics, 11th Edition, Pearson, 2014.
(2) Dinler, İktisada Giriş, Ekin Basım Yayın Dağıtım, 2014.
(3) Parkin, Macroeconomics, Global Edition, 12th Edition, Pearson, 2016.
(4) Mishkin, Macroeconomics, Global Edition, 2nd Edition. Pearson (Intl), 2015.
(5) Youtube channel: https://www.youtube.com/watch?v=MKO1icFVtDc
(6) Khan Academy: https://www.khanacademy.org/economics-finance-domain/macroeconomics
Explanations
There will be Problem Session for once in a two-week period. The dates will be announced later.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 3 | 48 |
| Midterm | 1 | 15 | 15 |
| Quiz | 0 | 0 | 0 |
| Assignment | 0 | 0 | 0 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 20 | 20 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction to Course | Chapter 15 |
| 2 | Introduction to Macroeconomics | Chapter 15 |
| 3 | Output and Aggregate Demand | Chapter 16 |
| 4 | Fiscal Policy and Foreign Trade | Chapter 17 |
| 5 | Money and Banking | Chapter 18 |
| 6 | Money and Banking | Chapter 18 |
| 7 | Interest Rates and Monetary Transmission | Chapter 19 |
| 8 | Midterm Exam | Study for Exam |
| 9 | Monetary and Fiscal Policy | Chapter 20 |
| 10 | Monetary and Fiscal Policy | Chapter 20 |
| 11 | Aggregate Supply, Prices and Adjustment to Shocks | Chapter 21 |
| 12 | Inflation, Expectations and Credibility | Chapter 22 |
| 13 | Inflation, Expectations and Credibility | Chapter 22 |
| 14 | Unemployment | Chapter 23 |
| 15 | Final Exam | Study for Exam |
| 16 | Resit Exam | Study for Exam |