Faculty of Economic and Administrative Sciences
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Course CodeSemester Course Name LE/RC/LA Course Type Language of Instruction ECTS
IIBF 1007 3 2/0/0 CC 5
Course Goals
 Macroeconomic schools of thought. Macroeconomic data: National Income and its calculation; inflation; employment and unemployment; interest rate; exchange rate; balance of payments. Goods market. Monetary system, and financial market. Equilibrium in goods and financial markets: IS-LM Model. Fiscal and monetary policy. Aggregate demand (AD); aggregate supply (AS), and the labor market. Trade-off between unemployment and inflation: The Philips Curve (PC). Open economy macroeconomics. Economic growth and business cycles. 
Prerequisite(s) None
Corequisite(s) None
Special Requisite(s) None
Instructor(s) Assist. Prof. Dr. Beyhan İncekara
Course Assistant(s) -
Schedule Wednesday 13.00-14.50 B1-6, Thursday 13.00-14.50 B1-8
Office Hour(s) Selda Görkey, Ph.D., Asst. Prof., Tuesday, Thursday 11.00-12.00, Friday 13.00-15.00
Teaching Methods and Techniques Lectures and discussions.
Principle Sources Erdal Ünsal. Makro İktisat. Gnş. 11. Baskı, Murat Yayınları. Ankara, 2017.    
Other Sources N. Gregory Mankiw. Makroekonomi. Efil Yayınevi, Ankara, 2017.    Rudiger Dornbusch, Stanley Fischer, Richard Startz. Makroiktisat. (Çev. Salih Ak). 12. Basımdan Çeviri, Literatür Yayınevi, Ankara, 2016.
Course Schedules
Week Contents Learning Methods
1. Week Introduction
2. Week Macroeconomic Schools of Thought, Macroeconomic Data: National Income
3. Week Macroeconomic Data: Inflation; Employment and Unemployment
4. Week Macroeconomic Data: Interest Rate, Exchange Rates, and Balance of Payments
5. Week The Goods Market
6. Week Monetary System, Financial Markets
7. Week Goods and Financial Markets: IS-LM Model
8. Week M I D T E R M E X A M
9. Week Monetary and Fiscal Policy
10. Week Labor Market Putting All Markets Together: Aggregate Demand (AD) and Aggregate Supply (AS)
11. Week The Philips Curve, the Natural Rate of Unemployment, and Inflation
12. Week The Open Economy
13. Week The Open Economy (continued), The Long-Run: The Facts of Growth
14. Week General Review
15. Week
16. Week
17. Week
Evaluation tools Quantity Weight(%)
Midterm(s) 1 40
Attendance 1 5
Final Exam 1 55

Program Outcomes
PO-1To be able to define the concept and types of entrepreneurship in historical development within the framework of entrepreneurship theory.
PO-2Develop awareness about ways to improve personal and corporate innovation and creativity
PO-3Distinguish the different aspects of SME management and its problems from SME management and its problems
PO-4Prepare a business plan to start a new business
PO-5Give insight into the institutionalization process of newly established businesses
PO-6 To be able to use the information and skill that is related to entrepreneurship in the career life and transfer it to the workplace environment.
PO-7To be able to represent new business in social environment with social capital and communication competence,
PO-8To get knowledge about innovation and the importance of innovation.
PO-9To be aware of how to reach entrepreneurship support.
PO-10Have ability to transform the conceptual and cognitive knowledge and expertise into practice and transfer it to the workplace environment.
Learning Outcomes
LO-1Have knowledge about macroeconomic theories at the intermediate level.
LO-2Be able to explain and discuss main macroeconomic issues and concepts such as national income, inflation, unemployment, and monetary system.
LO-3Differentiate between macroeconomic schools of thought, and the approaches of those to macroeconomic problems.
LO-4Comprehend how equilibrium is achieved by integration of goods, financial, and the labor markets; and examine the effects of changes macroeconomic variables on equilibrium.
LO-5Be familiar with current macroeconomic issues and make policy recommendations regarding current problems.
Course Assessment Matrix:
Program Outcomes - Learning Outcomes Matrix
 PO 1PO 2PO 3PO 4PO 5PO 6PO 7PO 8PO 9PO 10
LO 1
LO 2
LO 3
LO 4
LO 5