TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. | |
| Code | IKZ204 |
| Name | Macroeconomics II |
| Term | 2018-2019 Academic Year |
| Semester | 4. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. MEHMET FATİH CİN |
| Course Instructor |
Prof. Dr. MEHMET FATİH CİN
(Bahar)
(A Group)
(Ins. in Charge)
Prof. Dr. MEHMET FATİH CİN (Bahar) (B Group) (Ins. in Charge) |
Course Goal / Objective
The aim of this course is, in short, to explain macro-economic problems such as unemployment, inflation, price level, economic stability and growth and their solutions.
Course Content
Inflationary Gap, Deflationary Gap, General Price Level Adjustment and long run equilibrium, differences among the Basic Assumptions 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 Labor Market and bargaining process, Types, determinants and consequences 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
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Learn Inflationary Gap, Deflationary Gap, General Price Level Adjustment and long run equilibrium. |
| LO02 | See differences among the Basic Assumtions of Keynesian, Monetarist, New Classical and New Keynesian Theories. |
| LO03 | Analyze Aggregate Supply and Aggregate Demand Framework |
| LO04 | Analyze relevancy of active economic policies according to different theories. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Explains Econometric concepts | 2 |
| PLO01 | - | Explains Econometric concepts | 1 |
| PLO02 | - | Acquires basic Mathematics, Statistics and Operation Research concepts | 1 |
| PLO02 | - | Acquires basic Mathematics, Statistics and Operation Research concepts | 3 |
| PLO03 | - | Equipped with the foundations of Economics, and develops Economic models | 5 |
| PLO03 | - | Equipped with the foundations of Economics, and develops Economic models | 3 |
| PLO04 | - | Describes the necessary concepts of Business | 4 |
| PLO04 | - | Describes the necessary concepts of Business | 2 |
| PLO05 | - | Models problems with Mathematics, Statistics, and Econometrics | 4 |
| PLO05 | - | Models problems with Mathematics, Statistics, and Econometrics | 4 |
| PLO06 | - | Estimates the model consistently and analyzes & interprets its results | 3 |
| PLO06 | - | Estimates the model consistently and analyzes & interprets its results | 3 |
| PLO07 | - | Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems | 5 |
| PLO07 | - | Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems | 4 |
| PLO08 | - | Collects, edits, and analyzes data | 1 |
| PLO08 | - | Collects, edits, and analyzes data | 3 |
| PLO09 | - | Uses a package program of Econometrics, Statistics, and Operation Research | 4 |
| PLO09 | - | Uses a package program of Econometrics, Statistics, and Operation Research | 4 |
| PLO10 | - | Effectively works, take responsibility, and the leadership individually or as a member of a team | 3 |
| PLO10 | - | Effectively works, take responsibility, and the leadership individually or as a member of a team | 4 |
| PLO11 | - | Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study | 1 |
| PLO11 | - | Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study | 4 |
| PLO12 | - | Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied | 3 |
| PLO12 | - | Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied | 1 |
| PLO13 | - | Uses Turkish and at least one other foreign language, academically and in the business context | 5 |
| PLO13 | - | Uses Turkish and at least one other foreign language, academically and in the business context | 4 |
| PLO14 | - | Good understanding, interpretation, efficient written and oral expression of the people involved | 3 |
| PLO14 | - | Good understanding, interpretation, efficient written and oral expression of the people involved | 1 |
| PLO15 | - | Improves himself/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development | 2 |
| PLO15 | - | Improves himself/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development | 4 |
| PLO16 | - | Questions traditional approaches and their implementation while developing alternative study programs when required | 3 |
| PLO16 | - | Questions traditional approaches and their implementation while developing alternative study programs when required | 1 |
| PLO17 | - | Recognizes and implements social, scientific, and professional ethic values | 2 |
| PLO17 | - | Recognizes and implements social, scientific, and professional ethic values | 4 |
| PLO18 | - | Follows actuality, and interprets the data about economic and social events | 3 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Keynesian Macroeconomics 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 Macroeconomics 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 Macroeconomics And Irrelevancy Of Economic Policies | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 6 | New Keynesian Macroeconomics And Aggregate Supply Curve | 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 Macroeconomics, 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 | Dynamic Aggregate Supply-Dynamic Aggregate Demand Framework I | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 13 | Dynamic Aggregate Supply-Dynamic Aggregate Demand Framework II | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 14 | Democracy And Economy: Political Business Cycles | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 15 | Open Economy Macroeconomics | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 16 | Term Exams | prepare to exam | |
| 17 | Term Exams | prepare to exam |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 157 | ||
| Total Workload / 25 (h) | 6,28 | ||
| ECTS | 6 ECTS | ||