Course Information

Semester	Course Unit Code	Course Unit Title	T+P+L	Credit	Number of ECTS Credits	Last Updated Date
2	BNS 132	Macroeconomics	3+0+0	3	4	26.10.2026

Course Details

Language of Instruction	Turkish
Level of Course Unit	Associate Degree
Department / Program	Banking and Insurance
Type of Program	Formal Education
Type of Course Unit	Compulsory
Course Delivery Method	Face To Face
Objectives of the Course	The objective of this course is to enable students to comprehend fundamental macroeconomic variables such as national income, inflation, unemployment, economic growth, and the balance of payments, as well as the relationships among them. Additionally, it aims to equip students with the competence to analyze the effects of fiscal and monetary policies on economic stability and growth.
Course Content	Introduction to macroeconomics, fundamental concepts, and the stock-flow distinction National income accounting: GDP, GNP, and price indices (CPI, GDP Deflator) Fundamental assumptions of Classical and Keynesian macroeconomic theories Consumption, saving, and investment functions, and the Keynesian multiplier mechanism Equilibrium in the real sector and derivation of the IS curve Equilibrium in the monetary sector, theories of money demand, and derivation of the LM curve Simultaneous market equilibrium and policy effects within the IS-LM framework Macroeconomic equilibrium through Aggregate Demand (AD) and Aggregate Supply (AS) analysis Concepts of inflation and unemployment, and Phillips Curve analysis Open economy macroeconomics: The Mundell-Fleming model and exchange rate regimes Effectiveness of monetary and fiscal policies and the crowding-out effect Economic growth theories and long-run equilibria
Course Methods and Techniques	Lecturing, reinforcing examples and in-class competitions, assignments and exams.
Prerequisites and co-requisities	None
Course Coordinator	Asist Prof.Dr. Gamze DESTEK gamze.destek@hku.edu.tr
Name of Lecturers	None
Assistants	None
Work Placement(s)	No

Recommended or Required Reading

Resources

Ünsal, E. M. (2018). Makro İktisat. Ankara: İmaj Yayıncılık.

Course Notes

Lecture notes, presentations, and supplementary materials related to the course topics will be provided to students. Students are encouraged to regularly review the course materials on national income, inflation, unemployment, economic growth, the balance of payments, fiscal policy, and monetary policy. To support the learning process, sample analyses will be conducted using current economic data, graphs, and macroeconomic models.

Course Category

Social Sciences

%100

Planned Learning Activities and Teaching Methods

Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria

In-Term Studies	Quantity	Percentage
Mid-terms	1	% 40
Final examination	1	% 60
Total	2	% 100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration	Total Work Load
Course Duration	14	3	42
Assignments	14	5	70
Mid-terms	1	4	4
Final examination	1	5	5
Total Work Load			Number of ECTS Credits 4 121

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:

Bilgi
3	Analyzes the simultaneous equilibrium in goods and money markets, both graphically and theoretically, within the framework of the IS-LM model.

Beceri
1	Defines fundamental macroeconomic variables such as GDP, GNP, inflation, and unemployment, and analytically applies the methods used to calculate these variables.
2	Compares the fundamental assumptions, approaches to market functioning, and proposed policy instruments of the Classical and Keynesian schools of macroeconomics.
4	Evaluates the short-run and long-run effects of expansionary and contractionary monetary and fiscal policies on the Aggregate Demand (AD) and Aggregate Supply (AS) models.

Yetkinlik
5	Interprets exchange rate regimes, foreign trade mechanisms, and long-run economic growth theories under open-economy conditions in light of national and global developments.

Weekly Detailed Course Contents

Week	Topics	Study Materials
1	Introduction to Macroeconomics, Fundamental Concepts, and the Stock-Flow Distinction	Reading
2	National Income Accounting: GDP, GNP, and Price Indices (CPI, GDP Deflator)	The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content.
3	Concepts of Inflation and Unemployment, Calculation Methods, and Types	The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content.
4	Classical Macroeconomic Theory: Say ` s Law, Wage-Price Flexibility, and Full Employment	The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content.
5	Keynesian Macroeconomic Theory: Consumption, Saving, and Investment Functions	The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content.
6	The Expenditure Multiplier Mechanism and Aggregate Expenditure Equilibrium	The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content.
7	Equilibrium in the Goods Market and Derivation of the IS Curve	The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content.
8	ARA SINAV HAFTASI
9	Equilibrium in the Money Market, Theories of Money Demand, and Derivation of the LM Curve	The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content.
10	Simultaneous Market Equilibrium within the IS-LM Framework, Analysis of Monetary and Fiscal Policies	The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content.
11	Determination of the Price Level through Aggregate Demand (AD) and Aggregate Supply (AS) Analysis	The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content.
12	The Inflation-Unemployment Relationship: Phillips Curve Analysis and Expectations	The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content.
13	Open Economy Macroeconomics: The Mundell-Fleming Model and Exchange Rate Regimes	The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content.
14	Economic Growth Theories and Long-Run Equilibria (The Solow Growth Model)	The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content.
15	General Review	The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content.
16	Final Exam Week

Recommended Optional Programme Components

Contribution of Learning Outcomes to Programme Outcomes

	P1	P4	P7	P10	P11	P13
All	3	4	1	1	1	1
In3
Sk1
Sk2
Sk4
Co5

Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant