COURSE INFORMATON
Course Title Code Semester L+P Hour Credits ECTS
Macroeconomics II * IKZ   212 4 3 3 5

Prerequisites and co-requisites
Recommended Optional Programme Components None

Language of Instruction Turkish
Course Level First Cycle Programmes (Bachelor's Degree)
Course Type
Course Coordinator Prof.Dr. Mehmet Fatih CİN
Instructors
Doç.Dr.HAKKI ÇİFTÇİ1. Öğretim Grup:A
Doç.Dr.HAKKI ÇİFTÇİ2. Öğretim Grup:A
 
Assistants
Goals
This is a two-term course which teaches the structure of the economy in terms of aggregate economic variables. We shall begin with Keynesian Aggregate Supply, General Price Level Adjustment and Long Term Equilibrium. In spring semester we will explain the assumptions underlying Keynesian, Monetarist, New Classical and New Keynesian Macroeconomic Theories. We will also analyze the effects of economic policies, especially the effects of monetary policy on real economic variables like employment and Current National Income according to these theories. We will also explain the relation between unemployment and inflation rates by using Phillips Curve. Then we will analyze the relation between inflation rate and Current National Income by using Dynamic Aggregate Supply and Dynamic Aggregate Demand Framework. We will also analyze the effect of political decisions on economic policies and outcomes. Our last subject will be macroeconomics for open economies.
Content
Inflationar Gap, Deflationary Gap, General Price Level Adjustment and long run equilibrium, differences among the Basic Assumtions of Keynesian, Monetarist, New Classical and New Keynesian Theories, Aggregate Supply and Aggregate Demand Framework, Relevancy of active economic policies according to different theories. Structure of Labour Market and bargaining process , Types, determinants and concequences of unemployment and inflation, The relation between unemployment and inflation rates in the short-run and long-run: Phillips Curve Framework, The relation between Current National Income and inflation rate: Dynamic Aggregate Supply and Dynamic Aggregate Demand Framework, Political Business Cycle Models: Effect of political decisions on business cycles. Open Economy Macroeconomics: Balance of Payments, Current Account, and Capital Account

Learning Outcomes
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Course's Contribution To Program
NoProgram Learning OutcomesContribution
12345
1
Having basic conceptual knowledge about economics and public finance and educating students who are able to analyze economic events in the light of this information, to think analytically, to work in cooperation and harmony, and to be able to do business.
X
2
Collecting and commenting data from different sources using contemporary communication tools, methods and processes
X
3
Having basic computer skills and knowledge, the vocational field uses this information
X
4
Perform numerical and statistical data aggregation, analysis and interpretation
X
5
Individually and / or in a team, take responsibility, leadership, and effectively works
X
6
An area he does not research exploits from different sources in the framework of academic rules, synthesizes the information he obtains and effectively presents it
X
7
Awareness of the necessity of life-long learning, it follows up-to-date developments in the field and constantly innovates
X
8
Synthesize and effectively deliver information from an unfamiliar field to other sources in the framework of academic rules
X
9
Turkish and at least one foreign language is used in accordance with the needs of academic life and business life
X
10
Uses Turkish in accordance with the needs of academic life and business life
X
11
He / she correctly understands the feelings, thoughts and behaviors of the people concerned and expresses himself / herself in writing and orally
X
12
It has social, scientific and ethical values in the stages of collecting, interpreting and announcing the data related to the scientific fields in which statistics are used.
X
13
Aware of and act in accordance with social, scientific and professional ethical values
X
14
Question traditional approaches, practices and methods, develop new working methods where necessary and
X

Course Content
WeekTopicsStudy Materials _ocw_rs_drs_yontem
1 KEYNESIAN MACROEOCONOMICS AND LONG TERM EQUILIBRIUM Students will be prepared by studying relevant subjects from source books according to weekly program
2 MONETARIST MACROECONOMICS AND AGGREGATE SUPPLY CURVE Students will be prepared by studying relevant subjects from source books according to weekly program
3 MONETARIST MACROEOCONOMICS AND ECONOMIC POLICIES Students will be prepared by studying relevant subjects from source books according to weekly program
4 NEW CLASSICAL MACROECONOMICS AND AGGREGATE SUPPLY CURVE Students will be prepared by studying relevant subjects from source books according to weekly program
5 NEW CLASSICAL MACROEOCONOMICS AND IRRELEVANCY OF ECONOMIC POLICIES Students will be prepared by studying relevant subjects from source books according to weekly program
6 NEW KEYNESIAN MACROECONOMICS: LABOUR MARKET AND COMMODITY MARKETS Students will be prepared by studying relevant subjects from source books according to weekly program
7 NEW KEYNESIAN MACROECONOMICS AND ECONOMIC POLICIES Students will be prepared by studying relevant subjects from source books according to weekly program
8 MID-TERM EXAM prepare to exam
9 INFLATION AND UNEMPLOYMENT: PHILLIPS CURVE Students will be prepared by studying relevant subjects from source books according to weekly program
10 KEYNESIAN MACROEOCONOMICS, MONETARIST MACROECONOMICS, PHILLIPS CURVE AND ECONOMIC POLICIES Students will be prepared by studying relevant subjects from source books according to weekly program
11 NEW CLASSICAL MACROECONOMICS, NEW KEYNESIAN MACROECONOMICS, PHILLIPS CURVE AND ECONOMIC POLICIES Students will be prepared by studying relevant subjects from source books according to weekly program
12 DEMOCRACY AND ECONOMY: POLITICAL BUSINESS CYCLES Students will be prepared by studying relevant subjects from source books according to weekly program
13 DYNAMIC AGGREGATE SUPPLY-DYNAMIC AGGREGATE DEMAND FRAMEWORK - I Students will be prepared by studying relevant subjects from source books according to weekly program
14 DYNAMIC AGGREGATE SUPPLY-DYNAMIC AGGREGATE DEMAND FRAMEWORK - II Students will be prepared by studying relevant subjects from source books according to weekly program
15 THE OPEN ECONOMY MACROECONOMICS Students will be prepared by studying relevant subjects from source books according to weekly program
16-17 FINAL EXAM prepare to exam

Recommended or Required Reading
Textbook
Additional Resources