ECON 102 | Course Introduction and Application Information - Department of Mathematics

Course Name

Principles of Macroeconomics

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
ECON 102	Fall/Spring	3	0	3	6

Prerequisites	None
Course Language	English
Course Type	Elective
Course Level	First Cycle
Mode of Delivery	-
Teaching Methods and Techniques of the Course	-
National Occupation Classification	-
Course Coordinator	Dr. Öğr. Üyesi Sıtkı Değer ERYAR
Course Lecturer(s)	Dr. Öğr. Üyesi Nilüfer KAYA KANLI Dr. Öğr. Üyesi Sıtkı Değer ERYAR Öğr. Gör. Dr. Ezgi ÖZKAN ADIYAMAN Prof. Dr. İ Hakan YETKİNER
Assistant(s)	Araş. Gör. Samet ŞİMŞEK Araş. Gör. Derya Barış ŞEN

Course Objectives

The course provides students with a framework of and the ability to evaluate key macroeconomic concepts facing capitalist economies such as unemployment, inflation, and output growth. The course also equips students with some elementary mathematical techniques to solve numerical or algebraic economic problems in applying key macreoconomic concepts. The focus of the course is to teach students models motivated by facts from history, experiments, and data. To use insights on the economy from a wide range of historical, geographical, disciplinary and methodological perspectives is another focus of the course. Students will be well prepared to tackle the issues covered in the more advanced second year course “Macroeconomics".

Learning Outcomes

#	Content	PC Sub	* Contribution Level
#	Content	PC Sub	1	2	3	4	5
1	Will be able to define key macroeconomic variables such as unemployment and inflation and the measurement of such variables.
2	Will be able to describe how interest rate is determined in money markets and how banks create money
3	Will be able to explain how monetary policy and fiscal policy affect macroeconomic outcomes
4	Will be able to show how technological developments can affect both employment and wages in te long run
5	will be able to follow the impact of exchange rate movements on economic fluctuations

Course Description

This course is intended to introduce the students to some basic macroeconomic concepts, with special emphasis on economic growth, inflation and unemployment. Credit market transactions, the determination of interest rates, the functions of money, banks and a nation's central bank are discussed. Current problems of inflation and unemployment are explored and the tools available to the government to deal with these economic problems, and their limitations are analyzed. This course analyzes trends in living standards in the long-run and economic fluctuations in the short-run. The effects of production and distribution of goods and services on environment are discussed. The course also covers the concepts of economic inequality and networked economy.

Course Category	Core Courses
	Major Area Courses
	Supportive Courses
	Media and Management Skills Courses
	Transferable Skill Courses

Week	Subjects	Related Preparation	Learning Outcome
1	Banks money, and the credit market	The CORE Project, Chapter 10
2	Banks money, and the credit market	The CORE Project, Chapter 10
3	Economic fluctuations and unemployment	The CORE Project, Chapter 13
4	Economic fluctuations and unemployment	The CORE Project, Chapter 13
5	Unemployment and fiscal policy	The CORE Project, Chapter 14
6	Unemployment and fiscal policy	The CORE Project, Chapter 14
7	Inflation, Unemployment and Monetary Policy	The CORE Project, Chapter 15
8	Inflation, Unemployment and Monetary Policy	The CORE Project, Chapter 15
9	MIDTERM
10	Technolological Progress, employment, and living standards in the long run;	The CORE Project, Chapter 16
11	Technolological Progress, employment, and living standards in the long run	The CORE Project, Chapter 16
12	The Great Depression, golden age, and global financial crisis	The CORE Project, Chapter 17
13	The Nation and the World Economy	The CORE Project, Chapter 18
14	The Nation and the World Economy	The CORE Project, Chapter 18
15	Review of the Semester
16	Review of the Semester

Course Notes/Textbooks

The Economy 1.0 (by the core team) will be used as the main textbook.

You can access the textbook by using the following link

https://core-econ.org/the-economy/v1/en/

Suggested Readings/Materials

Semester Activities	Number	Weighting	LO 1	LO 2	LO 3	LO 4	LO 5
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	17	65
Weighting of End-of-Semester Activities on the Final Grade	1	35
Total

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	1	25	25
Presentation / Jury			0
Project			0
Seminar / Workshop			0
Oral Exam			0
Midterms	1	35	35
Final Exam	1	35	35
		Total	175

#	PC Sub	Program Competencies/Outcomes	* Contribution Level
#	PC Sub	Program Competencies/Outcomes	1	2	3	4	5
1	To be able to have a grasp of basic mathematics, applied mathematics or theories and applications of statistics.		-	-	-	-	-
2	To be able to use advanced theoretical and applied knowledge, interpret and evaluate data, define and analyze problems, develop solutions based on research and proofs by using acquired advanced knowledge and skills within the fields of mathematics or statistics.		-	-	-	-	-
3	To be able to apply mathematics or statistics in real life phenomena with interdisciplinary approach and discover their potentials.		-	-	-	-	-
4	To be able to evaluate the knowledge and skills acquired at an advanced level in the field with a critical approach and develop positive attitude towards lifelong learning.		-	-	-	-	-
5	To be able to share the ideas and solution proposals to problems on issues in the field with professionals, non-professionals.		-	-	-	-	-
6	To be able to take responsibility both as a team member or individual in order to solve unexpected complex problems faced within the implementations in the field, planning and managing activities towards the development of subordinates in the framework of a project.		-	-	-	-	-
7	To be able to use informatics and communication technologies with at least a minimum level of European Computer Driving License Advanced Level software knowledge.		-	-	-	-	-
8	To be able to act in accordance with social, scientific, cultural and ethical values on the stages of gathering, implementation and release of the results of data related to the field.		-	-	-	-	-
9	To be able to possess sufficient consciousness about the issues of universality of social rights, social justice, quality, cultural values and also environmental protection, worker's health and security.		-	-	-	-	-
10	To be able to connect concrete events and transfer solutions, collect data, analyze and interpret results using scientific methods and having a way of abstract thinking.		-	-	-	-	-
11	To be able to collect data in the areas of Mathematics or Statistics and communicate with colleagues in a foreign language.		-	-	-	-	-
12	To be able to speak a second foreign language at a medium level of fluency efficiently.		-	-	-	-	-
13	To be able to relate the knowledge accumulated throughout the human history to their field of expertise.		-	-	-	-	-