TYPE OF COURSE UNIT	Compulsory Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	1
SEMESTER	Second Term (Spring)
NUMBER OF ECTS CREDITS ALLOCATED	6
NAME OF LECTURER(S)	Professor Onur Sunal Professor Bahar Araz Associate Professor Özgür Bor Assistant Professor Nihat Dağıstan Instructor Ziya Can
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) will be able to define and calculate both real and nominal key macroeconomic variables. 2) will be able to demonstrate an understanding of the causes of short-run fluctuations in key macroeconomic variables using the concepts of aggregate demand and aggregate supply. 3) will be able to demonstrate an understanding of how changes in fiscal policy can affect the performance of the national economy in the short run and the long run. 4) will be able to demonstrate an understanding of the relation between the Federal Reserve and the banking system and money creation. 5) will be able to demonstrate an understanding of the relationship between the money supply, interest rates, and the rate of inflation and identify the short-run and long-run effects of a change in monetary policy on the key macroeconomic variables. 6) will be able to demonstrate an understanding of the determinants of an economy's potential GDP, including the role of saving and investment, the labor market and the factors that determine productivity growth. 7) will be able to demonstrate an understanding of key international macroeconomic relationships including how exchange rates affect net exports and the variables that influence capital flows.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	This course covers the introductory topics on economics starting with the distinction between the microeconomics and macroeconomics, measuring GDP, inflation and economic growth, aggregate demand & aggregate supply, employment & unemployment, capital, investment and saving, expenditure multipliers, fiscal policy, monetary policy, inflation, international trade, exchange rates & financing international trade.
COURSE CONTENTS	WEEK TOPICS 1st Week Measuring GDP and Economic Growth 2nd Week Monitoring Jobs and Inflation 3rd Week Finance, Saving and Investment 4th Week Money, the Price Level and Inflation 5th Week Exchange rate and balance of payments 6th Week Aggregate Supply and Aggregate Demand 7th Week Aggregate Supply and Aggregate demand 8th Week Midterm 9th Week Expenditure Multipliers 10th Week Expenditure Multipliers 11th Week Inflation, Unemployment and Business Cycle 12th Week Fiscal Policy 13th Week Monetary Policy 14th Week Recap
RECOMENDED OR REQUIRED READING	Parkin, M., Economics, Ninth edition, Pearson Addison-Wesley, 2010.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 40 Total(%) 40 Contribution of In-term Studies to Overall Grade(%) 40 Contribution of Final Examination to Overall Grade(%) 60 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 1 1 Preparation for Quiz Individual or group work 14 3 42 Preparation for Final exam 1 50 50 Course hours 13 3 39 Preparation for Midterm exam 1 40 40 Laboratory (including preparation) Final exam 1 1 1 Homework Total Workload 173 Total Workload / 30 5,76 ECTS Credits of the Course 6
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No