The aim of this course is understanding the basic macroeconomic variables with economic indicators and understanding the characteristics of the basic indicators.
Prerequisite(s)
Course Code Course Name…
Corequisite(s)
Course Code Course Name…
Special Requisite(s)
The minimum qualifications that are expected from the students who want to attend the course.(Examples: Foreign language level, attendance, known theoretical pre-qualifications, etc.)
Instructor(s)
Assist. Prof. Dr. Tuğba Özışık
Course Assistant(s)
Schedule
Monday - 18:00-20:50 - CATS Meetings
Office Hour(s)
Prof. Sinan Alçın, Ph.D - CATS Chat Room / s.alcin@iku.edu.tr
Teaching Methods and Techniques
Lecture, Discussion
Principle Sources
Lecture Notes
Other Sources
-
Course Schedules
Week
Contents
Learning Methods
1. Week
General Framework - Overview of economic indicators
Lecture, Discussion
2. Week
Basic Economic Indicators - Betting on basic economic indicators in Turkish Economy
Lecture, Discussion
3. Week
National Income 1 - GDP, GNP, SMH, NI
Lecture, Discussion
4. Week
National Income 2 - Growth Rates (Sectoral, Expenditure Items)
Lecture, Discussion
5. Week
Production - Industrial Production Index, Manufacturing Industry Capacity Utilization Rates, Agricultural Production
Lecture, Discussion
6. Week
Fixed Capital Investments - Fixed Capital Investments by Sector, Investment Incentive Certificates
Lecture, Discussion
7. Week
Foreign Trade and Balance of Payments 1 - Balance of Payments, Imports, Import Price Index, Distribution of Imports by International Standard Trade Classification (SITC, Rev.3), Distribution of Imports by Sector, Distribution of Imports by Goods Groups, Distribution of Imports by Countries, Crude Oil Imports ( CIF)
Lecture, Discussion
8. Week
Foreign Trade and Balance of Payments 2 - Exports, Export Price Index, Export Import Coverage Ratio, Distribution of Exports by International Standard Trade Classification (SITC, Rev.3), Sectoral Distribution of Exports, Distribution of Exports by Countries
Lecture, Discussion
9. Week
Foreign Trade and Balance of Payments 3 - Workers' Revenues, Number of Incoming Tourists, Travel Revenues, International Reserves, Distribution of Foreign Capital Investments by Years, Sectoral and Geographical Distribution of Direct Investments, External Debts, Monthly Average Exchange Rates
Lecture, Discussion
10. Week
Public Finance - Consolidated Budget / Summary of Central Government Budget, Consolidated Budget / Central Government Budget Realizations, Central Government Budget Monthly Collections, Domestic Debt Stock, General Government Total Revenues and Expenditures
Lecture, Discussion
11. Week
Money, Banking and Capital Markets - Major Monetary Indicators, Ratios Related to Monetary Indicators, Central Bank Analytical Balance Sheet, Money Supply, Loans, TL Deposits, Foreign Exchange Deposit Accounts (DTH), Gold Prices
Lecture, Discussion
12. Week
Prices - Consumer Price Index (CPI), Domestic Producer Price Index (D-PPI), Special CPI Indicators, Price Indices (ITO)
Lecture, Discussion
13. Week
Employment and Wages - Developments in the Domestic Labor Market, Industry Unit Wage Index, Earnings Indices, Income Distribution
Lecture, Discussion
14. Week
Review
Lecture, Discussion
15. Week
Final Exam
Assessment
16. Week
17. Week
Assessments
Evaluation tools
Quantity
Weight(%)
Homework / Term Projects / Presentations
2
40
Final Exam
1
60
Program Outcomes
PO-1
A student who successfully completes the program will be able
To develop a critical perspective by defining economic theories, comparing theory applications, and economic systems.
PO-2
To identify economic agents (such as government, firms, households, etc.), to understand their roles within the economy, to evaluate and analyze them.
PO-3
To define policies for solving economic problems, to evaluate solution proposals, and to develop policies.
PO-4
To make predictions regarding the resolution of economic problems using numerical methods and econometric analysis techniques.
PO-5
To make future predictions by evaluating national and international economic and financial data.
PO-6
To relate economic growth and development to social events historically.
PO-7
To utilize skills such as independent work, taking responsibility, and creativity.
PO-8
To develop skills in teamwork through verbal and written communication, problem-solving, and to utilize information technologies.
PO-9
To adapt the theoretical knowledge acquired to business life.
PO-10
To evaluate skills that will be useful for future careers.
PO-11
To act in accordance with social, rational, scientific and ethical values during the collection, interpretation and announcement of data related to the field of Managerial Economics and to carry out the thesis within the framework of these principles.
Learning Outcomes
LO-1
To define the main macroeconomic variables.
LO-2
To relate macroeconomic variables.
LO-3
To interpret the economy with economic indicators
LO-4
To distinguish the characteristics of basic economic indicators.
