Course Information

Course Name	Turkish	Makroiktisat
	English	Macroeconomics
Course Code	ISL 244E	Credit	Lecture (hour/week)	Recitation (hour/week)	Laboratory (hour/week)
Semester	-	3	3	1	-
Course Language		English
Course Coordinator		Derya Gültekin Ahmet Atıl Aşıcı İpek İlkkaracan Ajas
Course Objectives		To introduce students to i. definitions, measures and trends of fundamental macroeconomic variables; ii. basic macroeconomic theories and models; iii. main discussions and debates around macroeconomic policies; iv. the relevance of macroeconomics to human development, sustainable growth and wellbeing.
Course Description		This course is designed as a follow-up to the first-semester course titled Microeconomics. The Microeconomics course focused on the study of particular product, labor and capital markets through an investigation of the behavior of economic agents of society, namely individuals as consumers and workers, and firms/businesses as producers. The Macroeconomics course will follow up on these micro foundations to develop an understanding of the aggregate economic variables such as national income, unemployment, inflation, savings, investment, productivity, economic fluctuations, growth and sustainability. We look at how these macro variables are defined and measured; identify the basic observed trends in related macroeconomic data; explore their causes and effects. The lectures will develop an analytical framework showing how these macroeconomic variables relate to one another and their relevance to economic policy making. The latter half of the course will focus on the implications of an open economy context for these macroeconomic phenomena, through exploration of international trade, capital flows, exchange rates, balance of payments, economic fluctuations, sustainable growth and human development in the context of a globalized economy.
Course Outcomes		Upon completion of this course, the students are expected to have achieved the following learning outcomes: • Knowledge of the fundamental macroeconomic concepts and variables; how they are measured, associated shortcomings and basic trends in macroeconomic data. • Understanding of macroeconomic theories and models by different schools of thought and ability to use them to explain how different macroeconomic variables relate to one another, the causes and effects of their observed trends; • Ability to apply the understanding of macroeconomic theories to critically analyze and evaluate the impact of macroeconomic policies; • Understanding of how a modern market economy operates in a changing national and global context; and implications thereof for a sustainable economic system and human development.
Pre-requisite(s)
Required Facilities
Other
Textbook		Supplemental Textbook: • Mankiw, N. G. (2012), Principles of Economics (6th edition/international edition), South-Western Cengage Learning, Canada.
Other References

Courses

Help

About