MACROECONOMICS

Course Description

This is an introductory course covering money, the monetary system and their relevance to the functioning of the national economy. It covers monetary and fiscal policies, unemployment, interest rates, and inflation as well. It dwells on the measurement of the level of output and its determination. Particular emphasis is placed on the forces that determine the actual and potential level of output and on policies designed to promote economic stability and growth. Important policy debates such as the sub-prime crisis, social security, the public debt and international economic issues are critically explored. The balance of payments is explained. The determination of the exchange rate is presented with reference to the international monetary system.

MACROECONOMICS

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

1. 01 To derive knowledge and understanding of macroeconomic issues 4
2. 02 To assess problems and periodic fluctuations in the size of economy , inflation , unemployment and the economic policies of fiscal and monetary which develop models to cope with these macroeconomic problems 5uctuations in the size of economy , inflation , unemployment and the economic policies of fiscal and monetary which develop models to cope with these macroeconomic problems
3. 03 To compare national income and real GDP 4
4. 04 To generalize business cycle inflation Money and monetary equilibrium 5
5. 05 To summarize international trade and balance of payments 4
6. 06 To categorize fiscal policy 3
7. 07 To classify monetary policy 3

Course Syllabus

Reference Books & Course Materials

1. 01 Michael Parkin (2019), Economics ( 13/E ), Pearson, Global Edition
2. 02 N.Gregory MANKIW (2012) , Principles of ECONOMICS , ( 6 th edition) Thomson,South- Western
3. 03 Micheal PARKIN, 2012 , Economics ( 12 th edition ),Pearson, Addison Wesley

Learning Outcomes

1. L01 On successful completion of this course the students will have developed knowledge and understanding of macroeconomic issues
2. L02 problems and periodic fluctuations in the size of economy , inflation , unemployment and the economic policies of fiscal and monetary which develop models to cope with these macroeconomic problems
3. L03 National income and real GDP
4. L04 International Trade and balance of payments
5. L05 Following a succesful completion of this course the student will be able to assess economic performance of countries. SOLO 5

Program Outcomes

1. P01 Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied knowledge in these areas in complex engineering problems.
2. P02 Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose.
3. P03 Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way as to meet the desired result; ability to apply modern design methods for this purpose.
4. P04 Ability to devise, select, and use modern techniques and tools needed for analysing and solving complex problems encountered in engineering practice; ability to employ information technologies effectively
5. P05 Ability to design and conduct experiments, gather data, analyse and interpret results for investigating complex engineering problems or discipline specific research questions.
6. P06 Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7. P07 Ability to communicate effectively in Turkish, both orally and in writing; knowledge of a minimum of one foreign language; ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions.
8. P08 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.
9. P09 Consciousness to behave according to ethical principles and professional and ethical responsibility; knowledge on standards used in engineering practice.
10. P10 Knowledge about business life practices such as project management, risk management, and change management; awareness in entrepreneurship, innovation; knowledge about sustainable development.
11. P11 Knowledge about the global and social effects of engineering practices on health, environment, and safety, and contemporary issues of the century reflected into the field of engineering; awareness of the legal consequences of engineering solutions.

Po-Lo Matrix