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Department of International Trade and Finance
ECON 102 | Course Introduction and Application Information
| Course Name |
Principles of Macroeconomics
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
ECON 102
|
Spring
|
3
|
0
|
3
|
6
|
| Prerequisites |
None
|
|||||
| Course Language |
English
|
|||||
| Course Type |
Required
|
|||||
| Course Level |
First Cycle
|
|||||
| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | - | |||||
| National Occupation Classification | - | |||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | ||||||
| Course Objectives | The course aims to equip students with the ability to evaluate key macroeconomic issues such as GDP, economic growth, unemployment, and inflation in capitalist economies. It develops basic mathematical skills for solving numerical and algebraic economic problems and teaches economic models inspired by historical events, experiments, and empirical data. Students are encouraged to analyze economic phenomena from diverse historical, geographical, and methodological perspectives. The course prepares students for further studies in advanced macroeconomics by providing a strong foundation in theories and their applications. Additionally, it enables the practical application of economic theories through case studies and problem-solving exercises and cultivates the ability to critically assess economic indicators to evaluate economic health and policy impacts. |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | This course provides an introduction to the principles of macroeconomics, focusing on the fundamental concepts and tools used to analyze the economy as a whole. Students will explore key macroeconomic variables such as GDP, unemployment, inflation, and economic growth, and learn how to measure and interpret these indicators. The course covers the aggregate demand/aggregate supply (AD/AS) model to understand economic fluctuations and policy responses. Additionally, students will examine the roles of money, banking, and central banks in the economy, as well as the impact of monetary and fiscal policy on macroeconomic outcomes. By the end of the course, students will be able to analyze real-world economic issues, evaluate policy decisions, and apply economic reasoning to understand global and domestic economic trends. |
| Related Sustainable Development Goals |
|
|
|
Core Courses | |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
X
|
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 1 | The Macroeconomic Perspective 1 | PoE, Ch. 19 |
| 2 | The Macroeconomic Perspective 2 | PoE, Ch. 19 |
| 3 | Economic Growth | PoE, Ch. 20 |
| 4 | Unemployment | PoE, Ch. 21 |
| 5 | Inflation | PoE, Ch. 22 |
| 6 | The Aggregate Demand/Aggregate Supply Model 1 | PoE, Ch. 24.1 & 24.2 & 24.3 |
| 7 | The Aggregate Demand/Aggregate Supply Model 2 | PoE, Ch. 24.4; 24.5;; 24.6 |
| 8 | Midterm Exam | |
| 9 | Money and Banking 1 | PoE, Ch. 27.1 & 27.2 |
| 10 | Money and Banking 2 | PoE, Ch. 27.3 & ; 27.4 |
| 11 | Monetary Policy 1 | PoE, Ch. 28.1& Ch. 28.2 |
| 12 | Monetary Policy 2 | PoE, Ch. 28.3 & 28.4 & 28.5 |
| 13 | Government Budgets and Fiscal Policy 1 | PoE, Ch. 30.1 & 30.2 & 30.3 |
| 14 | Government Budgets and Fiscal Policy 2 | PoE, Ch. 30.4 & 30.5 & 30.6 |
| 15 | Review of the Semester | |
| 16 | Review of the Semester |
| Course Notes/Textbooks | Principles of Economics 3e (PoE)
Ek materyalleri olan ücretsiz bir açık kaynak ders kitabı. Lütfen kitabın internet sitesinden kaydolunuz.
|
| Suggested Readings/Materials |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation |
15
|
10
|
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments |
1
|
20
|
| Presentation / Jury | ||
| Project | ||
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm |
1
|
35
|
| Final Exam |
1
|
35
|
| Total |
| Weighting of Semester Activities on the Final Grade |
18
|
65
|
| Weighting of End-of-Semester Activities on the Final Grade |
1
|
35
|
| 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
|
0
|
|
| Study Hours Out of Class |
16
|
2
|
32
|
| Field Work |
|
0
|
|
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
4
|
4
|
16
|
| Presentation / Jury |
|
0
|
|
| Project |
|
0
|
|
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
1
|
34
|
34
|
| Final Exam |
1
|
35
|
35
|
| Total |
165
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
|
#
|
Program Competencies/Outcomes |
* Contribution Level
|
|||||
|
1
|
2
|
3
|
4
|
5
|
|||
| 1 |
To be able to identify and analyze problems in the field of trade and finance, and to develop solutions. |
-
|
-
|
-
|
-
|
X
|
|
| 2 |
To be able to apply theoretical and practical knowledge of international trade and finance to real-world professional contexts. |
-
|
-
|
-
|
X
|
-
|
|
| 3 |
To be able to critically analyze global market developments and evaluate their implications for business and policy. |
-
|
-
|
-
|
-
|
-
|
|
| 4 |
To be able to collect, analyze, and interpret financial and economic data by using digital and information technologies effectively. |
-
|
-
|
-
|
-
|
-
|
|
| 5 |
To be able to understand and interpret legal frameworks, regulations and practices relevant to international trade and finance. |
-
|
-
|
-
|
-
|
-
|
|
| 6 |
To be able to anticipate, define, and manage financial and trade-related risks through informed decision-making. |
-
|
-
|
-
|
-
|
-
|
|
| 7 |
To be able to acquire and use verbal, written, and numerical skills effectively for the nature of international trade and finance program. |
-
|
-
|
-
|
X
|
-
|
|
| 8 |
To be able to obtain, synthesize, and report trade- and finance-related information clearly and effectively. |
-
|
-
|
-
|
-
|
-
|
|
| 9 |
To be able to contribute effectively as individuals, team members, and leaders in multidisciplinary environments. |
-
|
-
|
-
|
-
|
-
|
|
| 10 |
To be able to evaluate trade and finance issues from ethical, social, and sustainability perspectives. |
-
|
-
|
-
|
-
|
-
|
|
| 11 |
To be able to collect data in the areas of International Trade and Finance and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1). |
-
|
-
|
-
|
-
|
-
|
|
| 12 |
To be able to speak a second foreign at a medium level of fluency efficiently. |
-
|
-
|
-
|
-
|
-
|
|
| 13 |
To be able to relate the knowledge accumulated throughout human history to their field of expertise. |
-
|
-
|
-
|
-
|
-
|
|
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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