Information Package

Program of International Finance and Banking

TBS216

MACRO ECONOMICS

Course Code
TBS216
Semester
-
Theory+Practice
3 + 0
ECTS
5
Course TypeElective Course
Course LevelBachelor's Degree
Year of Study-
Semester-
ECTS5
Name of Lecturer(s) -
Learning Outcomes

At the end of this course, the students;

  1. Grasp the purpose and calculation methods of national income accounting.
  2. Understand the relationship between interest rates, inflation, and exchange rates, along with the impact of monetary policy in an open economy on these variables.
  3. Analyze the relationship between inflation and unemployment within the framework of the Phillips curve approach.
  4. Learn the models explaining why economics emphasizes economic growth and the factors contributing to it.
  5. Explain the tools, theories, models, and fundamental concepts used in macroeconomics.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsNone
Course DescriptionThis course addresses core macroeconomic topics such as national income, inflation, and unemployment. Relationships between variables are analyzed through macroeconomic models, with a focus on concepts like economic growth and monetary policies.
Course Contents
WEEK TOPICS
1st Week Purpose and scope of the course
2nd Week National income accounting
3rd Week Monetary system
4th Week Inflation
5th Week Open economy
6th Week Unemployment
7th Week Economic growth
8th Week Midterm exam
9th Week Introduction to economic fluctuations
10th Week Aggregate demand: formulation of the IS-LM model
11th Week Aggregate demand: application of the IS-LM model
12th Week Open economy: Mundell-Fleming model and exchange rate regimes
13th Week Aggregate supply and the trade-off between inflation and unemployment in the short run
14th Week Overview of macroeconomic models
Recommended or Required ReadingMankiw, N. G. (2012). Macroeconomics (8th ed.). New York: Worth Publishers.
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
  • Questions/Answers
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Total(%) 40
Contribution of In-term Studies to Overall Grade(%) 40
Contribution of Final Examination to Overall Grade(%) 60
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 1 1
Preparation for Quiz
Individual or group work 14 3 42
Preparation for Final exam 1 40 40
Course hours 13 3 39
Preparation for Midterm exam 1 25 25
Laboratory (including preparation)
Final exam 1 1 1
Homework
Total Work Load148
Total Work Load / 30 (h)4.93
ECTS Credit of the Course5
Language of InstructionTurkish
Work Placement(s)No
LO1 LO2 LO3 LO4 LO5
K1
K2
K3 X X X X X
K4
K5
K6
K7