ECO102 MacroeconomicsIstanbul Okan UniversityDegree Programs Computer Engineering (English)General Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
Computer Engineering (English)
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

General course introduction information

Course Code: ECO102
Course Name: Macroeconomics
Course Semester: Spring
Course Credits:
Theoretical Practical Credit ECTS
3 0 3 7
Language of instruction: EN
Course Requisites:
Does the Course Require Work Experience?: No
Type of course: Compulsory
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. FATMA ÇİĞDEM ÇELİK
Course Lecturer(s): Prof. Dr. FATMA ÇİĞDEM ÇELİK
Course Assistants:

Course Objective and Content

Course Objectives: This course aims to endow students with the knowledge and understanding of main macroeconomic concepts at an elementary level. Throughout the semester, starting with the most important macroeconomic indicator - GDP per capita (the most widely used proxy of average standards of living) students will get familiar with various major concepts ranging from nominal/real economic variables, economic roles of technology to price indexes, inflation, unemployment, short-run economic fluctuations and counter-cyclical monetary and fiscal policies. Concept will be introduced first in both abstract and real-life contexts, then will be used in the context of basic mathematical models and finally will be used to explain real-life economic phenomena.
Course Content: Concepts of accounting and determination of national income; classical and Keynesian theories of output and employment; determination of national savings, investment and consumption; theories of economic growth and development; balance of payments, exchange rate systems, trade and financial flows; monetary and fiscal policy; inflation and anti-inflationary policies; examples from the Global and Turkish economy and macroeconomic indicators.

Learning Outcomes

The students who have succeeded in this course;
Learning Outcomes
1 - Knowledge
Theoretical - Conceptual
1) Formally analyze economic behavior at macroeconomic scale
2) Understand how various markets and macroeconomic variables are interconnected with each other
3) Ability to compare real examples of macroeconomic phenomena with benchmark theoretical economic models
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) The Wealth of Nations: Defining and Measuring Macroeconomic Aggregate NONE
2) The Wealth of Nations: Defining and Measuring Macroeconomic Aggregate READING
3) Aggregate Incomes READING
4) Aggregate Incomes READING
5) Employment and Unemployment RAEDING
6) Employment and Unemployment READING
7) Credit Markets READING
8) MIDTERM NONE
9) Credit Markets READING
10) The Monetary System READING
11) The Monetary System READING
12) Short-Run Fluctuations READING
13) Short-Run Fluctuations READING
14) Countercyclical Macroeconomic Policy READING
15) FINAL EXAM NONE

Sources

Course Notes / Textbooks: Economics with MyEconLab, Global Edition, 2/E Daron Acemoglu, David Laibson, John List (Available at University bookstore on Santralistanbul campus).
References: Economics with MyEconLab, Global Edition, 2/E Daron Acemoglu, David Laibson, John List .
Leading Journals Relevant for this Course:
- American Economic Review;
- Econometrica;
- Journal of Econometrics;
- Journal of Political Economy;
- Quarterly Journal of Economics;
- Annual Review of Economics;
- Research Policy;
-Review of Economic Studies;
- Journal of Economic Literature;
- Journal of Economic Perspectives.

Course-Program Learning Outcome Relationship

Learning Outcomes

1

2

3

Program Outcomes
1) Sufficient knowledge in mathematics, science and engineering related to their branches; the ability to apply theoretical and practical knowledge in these areas to model and solve engineering problems.
2) The ability to identify, formulate, and solve complex engineering problems; selecting and applying appropriate analysis and modeling methods for this purpose.
3) The ability to design a complex system, process, device or product under realistic constraints and conditions to meet specific requirements; the ability to apply modern design methods for this purpose. (Realistic constraints and conditions include such issues as economy, environmental issues, sustainability, manufacturability, ethics, health, safety, social and political issues, according to the nature of design.)
4) Ability to develop, select and use modern techniques and tools necessary for engineering applications; ability to use information technologies effectively.
5) Ability to design experiments, conduct experiments, collect data, analyze and interpret results for examination of engineering problems.
6) The ability to work effectively in disciplinary and multidisciplinary teams; individual work skill.
7) Effective communication skills in Turkish oral and written communication; at least one foreign language knowledge.
8) Awareness of the need for lifelong learning; access to knowledge, ability to follow developments in science and technology, and constant self-renewal.
9) Professional and ethical responsibility.
10) Information on project management and practices in business life such as risk management and change management; awareness about entrepreneurship, innovation and sustainable development.
11) Information on the effects of engineering applications on health, environment and safety in the universal and social dimensions and the problems of the times; awareness of the legal consequences of engineering solutions.

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Sufficient knowledge in mathematics, science and engineering related to their branches; the ability to apply theoretical and practical knowledge in these areas to model and solve engineering problems.
2) The ability to identify, formulate, and solve complex engineering problems; selecting and applying appropriate analysis and modeling methods for this purpose. 1
3) The ability to design a complex system, process, device or product under realistic constraints and conditions to meet specific requirements; the ability to apply modern design methods for this purpose. (Realistic constraints and conditions include such issues as economy, environmental issues, sustainability, manufacturability, ethics, health, safety, social and political issues, according to the nature of design.) 4
4) Ability to develop, select and use modern techniques and tools necessary for engineering applications; ability to use information technologies effectively. 2
5) Ability to design experiments, conduct experiments, collect data, analyze and interpret results for examination of engineering problems.
6) The ability to work effectively in disciplinary and multidisciplinary teams; individual work skill. 5
7) Effective communication skills in Turkish oral and written communication; at least one foreign language knowledge.
8) Awareness of the need for lifelong learning; access to knowledge, ability to follow developments in science and technology, and constant self-renewal.
9) Professional and ethical responsibility.
10) Information on project management and practices in business life such as risk management and change management; awareness about entrepreneurship, innovation and sustainable development. 3
11) Information on the effects of engineering applications on health, environment and safety in the universal and social dimensions and the problems of the times; awareness of the legal consequences of engineering solutions.

Learning Activity and Teaching Methods

Expression
Lesson
Homework

Assessment & Grading Methods and Criteria

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

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Homework Assignments 1 % 20
Midterms 1 % 30
Final 1 % 50
total % 100
PERCENTAGE OF SEMESTER WORK % 50
PERCENTAGE OF FINAL WORK % 50
total % 100

Workload and ECTS Credit Grading

Activities Number of Activities Workload
Course Hours 15 45
Application 15 30
Study Hours Out of Class 15 75
Quizzes 1 12
Final 1 18
Total Workload 180