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COURSE INFORMATION
Course CodeCourse TitleL+P HourSemesterECTS
EKON 311MACRO ECONOMICS3 + 05th Semester5

COURSE DESCRIPTION
Course Level Bachelor's Degree
Course Type Elective
Course Objective The goal of the course is to give general economics concepts and a general perspective of micro/macro economics.
Course Content Introduction to macroeconomics, Definition of National product, Aggregate demand, Fiscal policy and foreign trade, Money and Modern banking, Central banking and monetary system, Monetary and fiscal policies in closed economies, Aggregate supply, Prices and adaptation celerity, Unemployment, Inflation, Macroeconomic equilibrium in open economies, Economic growth, Business cycles, Introduction to world economies, International trade and international trade policies, International monetary system and international financing.
Prerequisites No the prerequisite of lesson.
Corequisite No the corequisite of lesson.
Mode of Delivery Face to Face

COURSE LEARNING OUTCOMES
1Explain macroeconomic concepts and the relationships among them
2Explain relationships among macroeconomic variables such as gross domestic product, unemployment, inflation, recession and expansion, budget deficit, interest rate, export and import, trade balance, economic fluctuations
3Construct macroeconomic models and use these models to analyse the effects of macroeconomic policies on the macroeconomic variables.
4Explain the effects monetary and fiscal policy in the short and long run on the macroeconomic variables
5Evaluate and foresee the outcome of monetary and fiscal policy
6Identify and provide possible solutions to the problem of inflation and unemployment
7Model the consumption and investment to analyze their effects on the economy.
8e an aggregate demand and aggregate supply macroeconomic model to interpret the effect of economic shocks on inflation and output.

COURSE'S CONTRIBUTION TO PROGRAM
PO 01PO 02PO 03PO 04PO 05PO 06PO 07PO 08PO 09PO 10PO 11PO 12
LO 001213333311431
LO 00212332221 221
LO 0032233123 1232
LO 00411233331 121
LO 00511 1 22 122 
LO 006 1231221  21
LO 007   2122 11  
LO 008122112211 11
Sub Total81015191218195512157
Contribution112222211221

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
ActivitiesQuantityDuration (Hour)Total Work Load (Hour)
Course Duration (14 weeks/theoric+practical)14342
Hours for off-the-classroom study (Pre-study, practice)14114
Mid-terms12626
Final examination14848
Total Work Load

ECTS Credit of the Course






130

5
COURSE DETAILS
 Select Year   


 Course TermNoInstructors
Details 2012-2013 Fall1HACER SİMAY KARAALP ORHAN
Details 2011-2012 Fall1MEHMET İVRENDİ
Details 2010-2011 Fall1MEHMET İVRENDİ


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Course Details
Course Code Course Title L+P Hour Course Code Language Of Instruction Course Semester
EKON 311 MACRO ECONOMICS 3 + 0 1 English 2012-2013 Fall
Course Coordinator  E-Mail  Phone Number  Course Location Attendance
Prof. Dr. HACER SİMAY KARAALP ORHAN skaraalp@pau.edu.tr İİBF A0015 %
Goals The goal of the course is to give general economics concepts and a general perspective of micro/macro economics.
Content Introduction to macroeconomics, Definition of National product, Aggregate demand, Fiscal policy and foreign trade, Money and Modern banking, Central banking and monetary system, Monetary and fiscal policies in closed economies, Aggregate supply, Prices and adaptation celerity, Unemployment, Inflation, Macroeconomic equilibrium in open economies, Economic growth, Business cycles, Introduction to world economies, International trade and international trade policies, International monetary system and international financing.
Topics
WeeksTopics
1 The Science and Data of Macroeconomics
2 National Income:Where It Comes From and Where It Goes?
3 Money and Inflation
4 The Open Economy
5 Unemployment
6 Economic Growth I:Capital Accumulation and Population Growth
7 Economic Growth II: Technology, Empirics and Policy
8 Introduction to Economic Fluctations
9 Midterm Exam
10 Aggregate Demand I: Building The IS-LM Model
11 Aggregate Demand II: Applying The IS-LM Model
12 The Mundell-Fleming Model and the Exchange-Rate Regime
13 Aggregate Suuply and The Short-Run Tradeoff Between Inflation and Unemployment
14 A Dynamic Model of Aggregate Demand and Aggregate Supply
Materials
Materials are not specified.
Resources
ResourcesResources Language
Mankiw N. Gregory, 2009, "Macroecnomics", 7th Edition, Worth Publisher. English
Course Assessment
Assesment MethodsPercentage (%)Assesment Methods Title
Final Exam60Final Exam
Midterm Exam40Midterm Exam
L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes