FNCE312 Economic Policies and İndicatorsIstanbul Okan UniversityDegree Programs Geomatic EngineeringGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
Geomatic Engineering
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

General course introduction information

Course Code: FNCE312
Course Name: Economic Policies and İndicators
Course Semester: Spring
Course Credits:
Theoretical Practical Credit ECTS
3 0 3 6
Language of instruction: EN
Course Requisites:
Does the Course Require Work Experience?: No
Type of course: University Elective
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery: Face to face
Course Coordinator : Prof. Dr. AYLİN SOYDAN
Course Lecturer(s): Prof. Dr. AYLİN SOYDAN
Course Assistants:

Course Objective and Content

Course Objectives: The aim of this course is to provide students with a general perspective and tools that would help critically analyse macroeconomic issues and challanges in national economies in relation with the world economy.

Course Content: Macroeconomic models and their policy prescriptions; fiscal policy instruments; monetary policy; economic policy in open economy; exchange rate systems; balance of payments; protectionism; financial liberalisation, globalisation and financial crises; global imbalances; macroprudential policies; economic indicators pertinent to macroeconomic policies.

Learning Outcomes

The students who have succeeded in this course;
Learning Outcomes
1 - Knowledge
Theoretical - Conceptual
1) Demonstrate theoretical and analytical skills to identify and discuss current fundamental economic problems;
2) Retrieve and interpret economic data on significant macroeconomic issues, such as national income, income distribution, inflation, unemployment, economic growth, and so, considering the links between them;
3) Evaluate economic policies employed critically;
4) Recognise the problems and opportunities that arise from the economic interaction among countries.
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Lesson Plan

Week Subject Related Preparation
1) Introduction: Main Macroeconomic Issues none
2) National Income Accounts syllbus
3) National Income: Growth - Income Distribution Reading
3) National Income: Growth - Income Distribution readıng
4) Sectoral Structure: Agriculture, Industry, Services readıng
5) Empoyment and Unemployment readıng
6) Inflation readıng
7) Financial System reading
8) Central Banking and Monetary Policy reading
9) Public Sector and Fiscal Policy reading
10) Dynamics in the World Economy Reading
11) International Economic Relations and Balance of Payments Issues reading
12) Economic and Financial Crises reading
13) Recent Global Crisis and the Economy reading
14) Revision None

Sources

Course Notes / Textbooks: An updated reading-list comprising book chapters and articles will be provided.

Mankiw, N. Gregory. (2016). Macroeconomics. 9th Edition. New York, NY: Worth. [ISBN-13: 978-1464182891, ISBN-10: 1464182892]
References: An updated reading-list comprising book chapters and articles will be provided.

Some resources for basic macroeconomic indicators:
Moss, D (2014) A Concise Guide to Macroeconomics. Boston: Harvard Business Review Press.
The Economist (2007) Guide to Indicators: Making Sense of Economics, various editions.
Akyildiz, F (2017) Göstergeler Ne Anlatır? Türkiye İçin İktisadi Göstergeler Rehberi. İstanbul: İstanbul Bilgi Üniversitesi Yaynları

Course-Program Learning Outcome Relationship

Learning Outcomes

1

2

3

4

Program Outcomes
1) Awareness of professional and ethical responsibility.
2) Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied information in these areas to model and solve engineering problems.
3) Ability to communicate effectively i Turkish, both orally and in writing; knowledge of a minimum of one foreign language.
4) Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development.
5) Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way so as to meet the desired result; ability to apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety isuues, and social and political issues according to the nature of the design.)
6) Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7) Ability to devise, select, and use modern techniques and tools needed for engineering practice; ability to employ information technologies effectively.
8) Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose.
9) Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions.
10) Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself.
11) Ability to design and conduct experiments, gather data, analyse and interpret results for investigating engineering problems.

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Awareness of professional and ethical responsibility.
2) Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied information in these areas to model and solve engineering problems.
3) Ability to communicate effectively i Turkish, both orally and in writing; knowledge of a minimum of one foreign language.
4) Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development.
5) Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way so as to meet the desired result; ability to apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety isuues, and social and political issues according to the nature of the design.)
6) Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7) Ability to devise, select, and use modern techniques and tools needed for engineering practice; ability to employ information technologies effectively.
8) Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose.
9) Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions.
10) Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself.
11) Ability to design and conduct experiments, gather data, analyse and interpret results for investigating engineering problems.

Learning Activity and Teaching Methods

Peer Review
Expression
Individual study and homework
Lesson
Group study and homework
Reading
Homework
Problem Solving
Q&A / Discussion
Web Based Learning

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Homework
Observation
Individual Project
Presentation
Peer Review

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Attendance 14 % 10
Homework Assignments 10 % 20
Midterms 1 % 30
Final 1 % 40
total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
total % 100

Workload and ECTS Credit Grading

Activities Number of Activities Workload
Course Hours 14 42
Study Hours Out of Class 16 92
Project 1 12
Homework Assignments 13 26
Midterms 1 1
Final 1 2
Total Workload 175