TYPE OF COURSE UNIT	Compulsory Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	2
SEMESTER	Third Term (Fall)
NUMBER OF ECTS CREDITS ALLOCATED	5
NAME OF LECTURER(S)	Assistant Professor Zeynep Kantur Instructor Özlem Aytaç
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Describe the mathematical tools used in macroeconomic analysis. 2) Formulate the decision-making process of economic agents using optimization problems. 3) Explain the consumption and saving behaviors theoretically. 4) Examine the effects of monetary and fiscal policies on economic individuals. 5) Integrate the data with macroeconomic theories. 6) Use the knowledge learned in further education in lifelong analysis of events and decision-making.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	Introduction to Economics I, Introduction to Economics II
COURSE DEFINITION	This course is the first part of an intermediate macroeconomics series. Within the framework of basic business cycle models, demand-side equilibrium and IS / LM models and the effectiveness of financial and monetary policy will be examined. It aims to teach choice problems such as consumption, saving, labor supply, investment, labor demand in the economy by using optimization techniques.
COURSE CONTENTS	WEEK TOPICS 1st Week General Macroeconomics Concepts ; Closed Economy IS/LM Model 2nd Week Closed Economy IS/LM Model 3rd Week Optimization and Constrained Optimization 4th Week Consumption-Labor Supply Decision Model 5th Week Dynamic Consumption-Saving Decision Model 6th Week Multi-period Consumption-Saving Model ; Consumption Theories 7th Week Equilibrium in an Endowment Economy 8th Week Midterm Exam 9th Week Production, Labor Demand, Investment and Labor Supply 10th Week Fiscal Policy ; Ricardian Equivalence 11th Week Monetary Policy 12th Week Equilibrium Efficiency 13th Week Neoclassical Model 14th Week Neoclassical Model
RECOMENDED OR REQUIRED READING	Macroeconomics, Matthias Doepke, Andreas Lehnert and Andrew Sellgren (DLS). Link: http://faculty.wcas.northwestern.edu/~mdo738/book.htm Macroeconomics by Robert J. Barro (5th edition, MIT press)
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 35 Quiz 2 25 Total(%) 60 Contribution of In-term Studies to Overall Grade(%) 60 Contribution of Final Examination to Overall Grade(%) 40 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 1 1 Preparation for Quiz 2 10 20 Individual or group work 14 3 42 Preparation for Final exam 1 25 25 Course hours 14 3 42 Preparation for Midterm exam 1 20 20 Laboratory (including preparation) 0 0 0 Final exam 1 1 1 Homework 2 2 4 Total Workload 155 Total Workload / 30 5,16 ECTS Credits of the Course 5
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No