MACRO ECONOMICS PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
UIT218	MACRO ECONOMICS	4	3	3	6

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	, TYY: + , EQF-LLL: , QF-EHEA:
Type of the Course :	Compulsory
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit
Instructor(s) of the Course Unit
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	The aim of this course is to enable students to learn the fundamental concepts, tools, and theories of macroeconomics. Students will be brought to a level where they understand the main variables of macroeconomics (e.g., national income, inflation, unemployment), economic fluctuations, and the effects of monetary and fiscal policies on economic activity. Furthermore, students' skills in analyzing economic data and interpreting current economic policies will be developed.
Contents of the Course Unit:	The topics covered in the Macroeconomics course generally include the following: Definition, scope, and basic concepts of macroeconomics; National income (GDP) and calculation methods; Aggregate supply and aggregate demand equilibrium; Unemployment, inflation, and economic growth; Money supply and money demand, central bank policies; Basic macroeconomic models such as IS-LM; The effects of fiscal and monetary policies on the economy; International macroeconomic issues (balance of payments, foreign exchange markets). These topics are covered theoretically and supported with relevant current data and economic examples, so that students acquire the knowledge and competence to perform macroeconomic analysis both theoretically and practically.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
The student will define the basic concepts and variables of macroeconomics and explain the differences between microeconomics and macroeconomics.
The student will analyze economic growth and income levels using national income calculation methods.
The student will be able to explain the aims, tools, and effects of monetary and fiscal policies on the economy.
The student will be able to interpret basic macroeconomic indicators (such as inflation, interest rates, and exchange rates).
The student will be able to conduct economic analysis within the context of aggregate supply and demand balance and international economic relations.

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	-	Basic Concepts and Approaches in Macroeconomics	Lecture, Discussion
2	Pre-assigned readings and assignments	Measuring the Economy 1: Measuring Gross Domestic Product	Lecture, Discussion
3	Pre-assigned readings and assignments	Measuring the Economy 2: Inflation	Lecture, Discussion
4	Pre-assigned readings and assignments	Measuring the Economy 3: Employment and Unemployment	Lecture, Discussion
5	Pre-assigned readings and assignments	Measuring the Economy 4: Interest Rate, Exchange Rate, and Balance of Payments	Lecture, Discussion
6	Pre-assigned readings and assignments	Money Supply, Money Demand	Lecture, Discussion
7	Pre-assigned readings and assignments	Consumption Expenditures, Investment Expenditures	Lecture, Discussion
8	Pre-assigned readings and assignments	Planned Expenditure Level: Simple Keynesian Model	Lecture, Discussion
9	Pre-assigned readings and assignments	Deflationary Gap and Inflationary Gap	Lecture, Discussion
10	-	MID-TERM EXAM	-
11	Pre-assigned readings and assignments	IS-LM Model	Lecture, Discussion
12	Pre-assigned readings and assignments	Monetary and Fiscal Policy	Lecture, Discussion
13	Pre-assigned readings and assignments	Aggregate Supply and Aggregate Demand	Lecture, Discussion
14	Pre-assigned readings and assignments	Alternative Macroeconomic Models: Classical Economics, Keynesian Economics	Lecture, Discussion
15	Pre-assigned readings and assignments	Alternative Macroeconomic Models: Monetarist Economics, New Classical Economics	Lecture, Discussion
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Erdal M. ÜNSAL, Makro İktisat
Mankiw, Makro İktisat
Zeynel Dinler, İktisada Giriş

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Define the theories, concepts and principles of the basic and sub-fields of international business and trade. (Bloom 1)						5
2	Explain business and trade functions and processes based on current scientific sources (Bloom 2).				3

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate internationally valid business and trade cases with the theories and concepts of other social sciences. (Bloom 2)					4

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain the current events and facts in his / her field analytically and systematically based on advanced knowledge and skills he / she has. (Bloom 2)						5

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Use the theoretical and factual knowledge in business and trade for occupational practices. (Bloom 3)						5
2	Solve individual and organizational problems in business life. (Bloom 3)						5
3	Use computer programs (SPSS, R, Excel, Stata) efficiently against the complex business problems. (Bloom 3)		1

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Organize the activities for organizational goals and purposes independently. (Bloom 3)					4

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Criticize advanced knowledge and skills in the field with a critical approach. (Bloom 4)						5
2	Develop the existing knowledge and skills with a critical point of view under the impact of scientific, technological and current developments. (Bloom 3)						5

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Express his/her knowledge, thoughts and solutions on international business and trade to related stakeholders in written and verbal ways. (Bloom 1)					4

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Designs the research process in the field of business. (design) (Bloom 6)						5
2	Conducts operations by considering the ethical values in business activities. (apply) (Bloom’s 3)					4
3	Relate the concepts of social rights, occupational safety, employee health, quality management and sustainability with the cases in business life. (Bloom 2)			2

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	0	0	0
Preliminary & Further Study	0	0	0
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	0	0	0
Assignment (Homework)	0	0	0
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	0	0	0
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	0	0	0
Preparation for the Final Exam	0	0	0
Mid-Term Exam	0	0	0
Preparation for the Mid-Term Exam	0	0	0
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	0	0	0