Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
1302001302002INTRODUCTION TO MACROECONOMICSCompulsory125
Level of Course Unit
First Cycle
Language of Instruction
English
Objectives of the Course
The main aim of this course is to give basic macro economic concepts such as national income accounting, unemployment, inflation, recession, economic growth, and determination of wage and interest rate in the market and analyse these concepts at an introductory level
Name of Lecturer(s)
Assist. Prof. Dr. Barış Gök
Learning Outcomes
1To be able to learn basic macroeconomics concepts and understanding them
2To be able to understand important macroeconomic theories
3To be able to learn how to calculate GDP by using different methods
4To be able to understand how fiscal and monetary policy are related and the effects of these policies
5To be able to understand how the economic policies work by taking the link between the goods market and money market
6To be able to understand the changes in general price level and income level by using aggregate demand and aggregate supply curves
7To be able to understand current economic issues
Mode of Delivery
Face to Face
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Course Contents
The scope of macroeconomics, inflation, employment and unemployment, economic growth, exchange rates, balance of payments, national income accounting, consumption and investment, multiplier analysis, fiscal policy, money demand and money supply, monetary policy, aggregate demand and aggregate supply, national income and the price, developments in macroeconomics.
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1The Scope of Macroeconomics and some introductory Concepts Reading
2Measuring the Economy’s Performance: National Income Accounting Reading
3Long-Run and Short-Run Concerns:Growth, Prodfuctivity, Unemployment, and Inflation Reading
4Aggregate Expenditure and Equilibrium Output Reading
5The Government and Fiscal Policy Reading
6Money Supply Reading
7Money Demand
8Midterm ExaminationReading and research homework
9The Equilibrium Interest Rate and Monetary Policy Reading and research homework
10Aggregate Demand, Aggregate Supply and Inflation Reading and research homework
11Aggregate Demand, Aggregate Supply and Inflation Reading and research homework
12The Labour Market, Unemployment, and Inflation Reading and research homework
13Debates in Macroeconomics: Monetarism, New Classical Theory, and Supply-Side Economics Reading and research homework
14Open-Economy Macroeconomics: The Balance of Payment and Exchange Rates Reading and research homework
15Open-Economy Macroeconomics: The Balance of Payment and Exchange Rates Reading and research homework
16Final Examination
Recommended or Required Reading
Karl E. Case, Ray C. Fair, Sharon M. Oster (2012) “Principles of Economics, Prentice Hall. Richard G. Lipsey and Paul N. Courant (1996) “Economics”, Harper Collins. Prof. Dr. Zeynel Dinler (2000) “İktisada Giriş”, Ekin Kitabevi, Bursa
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
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination1100
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Sınavı1100
SUM100
Term (or Year) Learning Activities40
End Of Term (or Year) Learning Activities60
SUM100
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination122
Final Examination122
Attending Lectures16348
Self Study248
Individual Study for Mid term Examination25250
Individual Study for Final Examination20240
TOTAL WORKLOAD (hours)150
Contribution of Learning Outcomes to Programme Outcomes
PO
1
PO
2
PO
3
PO
4
PO
5
PO
6
PO
7
PO
8
PO
9
PO
10
LO15344434234
LO25353435234
LO35354445334
LO45344345324
LO55353343334
LO65344345342
LO7          
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Ege University, Bornova - İzmir / TURKEY • Phone: +90 232 311 10 10 • e-mail: intrec@mail.ege.edu.tr