MEKO 102 | Course Introduction and Application Information

Course Name
Macroeconomics
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
MEKO 102
Spring
3
0
3
4

Prerequisites
None
Course Language
Turkish
Course Type
Required
Course Level
Short Cycle
Course Coordinator -
Course Lecturer(s)
Assistant(s) -
Course Objectives This course aims to provide students entry level knowledge about the macro level market economics and to improve their ability to analyze various economic approaches.
Learning Outcomes The students who succeeded in this course;
  • Will be able to explain basic macroeconomic principles, key macroeconomic variables and measures of these variables
  • Will be able to explain the basic relations between variables such as national income, unemployment, budget deficit, money supply, interest rate and trade deficit.
  • Will be able to explain how the monetary and fiscal policies affects the economy
  • Will be able to explain what are the functions of money and measures of money supply
  • Will be able to explain the effects of international economic and financial relations on economy
Course Description This course includes the explanation of macroeconomic terms, and the analysis of general economic conjuncture in unemployment and national income headings.

 



Course Category

Core Courses
Major Area Courses
X
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Introduction - Coverage of the Macro Economy Resource 1 – Chapter 14, Resource 2 – Chapter 1, Resource 3 – Chapter 1
2 Calculation Methods of National Income Resource 1 – Chapter 14-15, Resource 2 – Chapter 2, Resource 3 – Chapter 2
3 Employment and Unemployment Resource 1 – Chapter 20, Resource 2 – Chapter 3, Resource 3 – Chapter 4
4 Inflation Resource 1 – Chapter 19, Resource 2 – Chapter 3-9, Resource 3 – Chapter 3
5 Money and Money Market Resource 1 – Chapter 17-18, Resource 2 – Chapter 8, Resource 3 – Chapter 17-18
6 Total Demand and Total Supply Resource 1 – Chapter 14-15, Resource 2 – Chapter 4, Resource 3 – Chapter 9-11
7 Mid-Term Mid-term
8 Interest Rates and Prices Resource 1 – Chapter 19, Resource 2 – Chapter 8, Resource 3 – Chapter 5
9 Monetary and fiscal policies Resource 1 – Chapter 22, Resource 2 – Chapter 6, Resource 3 – Chapter 8-11-19
10 Balance of Payments Resource 1 – Chapter 25, Resource 2 – Chapter 11, Resource 3 – Chapter 5-13-20
11 International Economic Relations (Foreign Trade) Resource 1 – Chapter 24, Resource 2 – Chapter 10
12 International Financial Relations (Foreign Exchange Market) Resource 1 – Chapter 25, Resource 2 – Chapter 11, Resource 3 – Chapter 5-14
13 Economic Growth / Development and Fluctuations Resource 1 – Chapter 21-22-23, Resource 2 – Chapter 21-23, Resource 3 – Chapter 5-14
14 Alternative Macroeconomic Models Resource 1 – Chapter 26, Resource 2 – Chapter 12, Resource 3 – Chapter 10-21-22-23
15 Review of term Review of term
16 Final Final

 

Course Notes/Textbooks

Resource 1: İktisadın ABC’si, Prof.Dr. M.İlker Parasız, 2015, ISBN: 9757763468.

Resource 2: Meslek Yüksek Okulları İçin Makroiktisat, Prof.Dr.Tümay Ertek, 2018, ISBN: 6052421222.

Resource 3: Makro İktisat, Erdal M.Ünsal, 2017, ISBN: 9944668163.

Suggested Readings/Materials

Notes of Instructor

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
1
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm
1
40
Final Exam
1
50
Total

Weighting of Semester Activities on the Final Grade
2
50
Weighting of End-of-Semester Activities on the Final Grade
1
50
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
Study Hours Out of Class
10
3
Field Work
Quizzes / Studio Critiques
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterms
1
15
Final Exam
1
25
    Total
118

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to explain the economic situations by analyzing the concepts of the economic, the general functioning of the system and the relationship between the elements of the system and the economic phenomena

X
2

To be able to discuss the role, importance and functions of the institutions providing banking and insurance services in the economic system

X
3

To be able to apply the principles and methods related to the services and products offered by banking and insurance companies considering the types of these companies

4

To be able to define the risk factor which is an important element of the financial system and  to use the financial instruments to manage the risk and benefit form the opportunities

5

To be able to develop the skills necessary for marketing and sales of financial products

6

To have the general knowledge about laws and specific legislation about bank, insurance, capital markets and foreign exchange

7

To be able to analyze financial statements like balance sheet and income statement and to be able to register, correct and close the financial transactions in the related accounting records within the accounting cycle

8

To be able to develop the analytical thinking skills required for the solution of professional problems and applies the rules of mathematics and logic

9

To be able to make decisions based on the principles of professional ethics, accountability and responsibility

10

To be able to use the english at the general level of European Language Portfolio A2 to communicate effectively with his / her colleagues and to follow up necessary professional sources in his/her field

11

To have the ability to work effectively in individual and multi-disciplinary teams and to use them in their work environment

12

To have a broad perspective on social and academic aspects by closely following the developments in various different subjects in or out of the scope of his/her profession

X
13

To be able to direct his/her education to a further level of education

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest