İKT828 Open Economy Macroeconomics

10 ECTS - 4-0 Duration (T+A)- . Semester- 4 National Credit

Information

Code İKT828
Name Open Economy Macroeconomics
Term 2023-2024 Academic Year
Semester . Semester
Duration (T+A) 4-0 (T-A) (17 Week)
ECTS 10 ECTS
National Credit 4 National Credit
Teaching Language Türkçe
Level Doktora Dersi
Type Normal
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator


Course Goal / Objective

The main purpose of this course is to reanalyze the main macroeconomic policies and their results in a closed economy in an open economy and thus to reveal whether the results seen in a closed economy are valid in an open economy.

Course Content

Exchange rate market, balance of payments analysis, real and financial flows in open economies, mundell fleming model, monetarist and portfolio approach, international monetary system, international shocks, external debt

Course Precondition

Yok

Resources

Martin Uribe, Stephanie, Schmitt-Grohe, Open Economy Macroeconomics

Notes

Selected Articles


Course Learning Outcomes

Order Course Learning Outcomes
LO01 Be familiar with the basic concepts in an open economy.
LO02 Follow and interpret the developments in the exchange rate.
LO03 Analyze and compare approaches in open economies.
LO04 Understand main institutions in international markets
LO05 Understand the reasons of business cycle in open economies.
LO06 Explain the financial frictions and instability
LO07 Analyze the relationship between savings, investment, interest and foreign debt in open economies.
LO08 Understand the effects of shocks from the rest of the world on the domestic economy


Relation with Program Learning Outcome

Order Type Program Learning Outcomes Level
PLO01 Bilgi - Kuramsal, Olgusal Explains the importance of demand and supply and the conditions of the market economy to work better 5
PLO02 Bilgi - Kuramsal, Olgusal Conducts new research that contributes to science. 4
PLO03 Bilgi - Kuramsal, Olgusal Specifies the role of the market economy, the price advantage of the event. 5
PLO04 Bilgi - Kuramsal, Olgusal Specifies the role of the price advantage in market economy 5
PLO05 Bilgi - Kuramsal, Olgusal Faces with challenges, produces a numerical and policy options. 4
PLO06 Bilgi - Kuramsal, Olgusal Applies the methods of economic analysis.
PLO07 Bilgi - Kuramsal, Olgusal Acquires the ability of analyzing in the conceptual level ,compares interprets, evaluates and synthesizes ideas in order to develop solutions to the problems. 4
PLO08 Bilgi - Kuramsal, Olgusal Has the knowledge of quantitative and qualitative techniques used in Economics.
PLO09 Yetkinlikler - Alana Özgü Yetkinlik Builds, decodes and interprets models by using quantitative and qualitative techniques 5
PLO10 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Takes responsibility individually and / or in a team,leads a team and works effectively
PLO11 Yetkinlikler - Öğrenme Yetkinliği With the awareness of the necessity of life-long learning, follows the latest developments about his field and improves himself
PLO12 Bilgi - Kuramsal, Olgusal Speaks Turkish, and at least one other foreign language in accordance with the requirements of academic and business life.
PLO13 Yetkinlikler - Öğrenme Yetkinliği Recognize and apply social, scientific and professional ethical values.
PLO14 Yetkinlikler - İletişim ve Sosyal Yetkinlik Expresses himself/herself accurately, both orally and in writing.
PLO15 Beceriler - Bilişsel, Uygulamalı Publishes original studies in the field of economics in scientific journals. 5
PLO16 Beceriler - Bilişsel, Uygulamalı Knows where and how to find all scientific resources and data with information technologies to do research. 5
PLO17 Yetkinlikler - Alana Özgü Yetkinlik Understands the necessity and importance of research in social sciences. 4


Week Plan

Week Topic Preparation Methods
1 Exchange rate market Relevant Chapter Öğretim Yöntemleri:
Anlatım
2 International Exchange Rate Parity Conditions Relevant Chapter Öğretim Yöntemleri:
Anlatım
3 Mundel Fleming Model Relevant Chapter Öğretim Yöntemleri:
Anlatım
4 Monetary and portfolio approach Relevant Chapter Öğretim Yöntemleri:
Anlatım
5 International monetary approach Relevant Chapter Öğretim Yöntemleri:
Anlatım
6 Capital accumulation in open economies Relevant Chapter Öğretim Yöntemleri:
Anlatım
7 Business cycles in open economy Relevant Chapter Öğretim Yöntemleri:
Anlatım
8 Mid-term exam Relevant Chapters Ölçme Yöntemleri:
Yazılı Sınav
9 Interest rate shocks, productivity shocks, terms of trade shocks Relevant Chapter Öğretim Yöntemleri:
Anlatım
10 Financial instabilities Relevant Chapter Öğretim Yöntemleri:
Anlatım
11 Stabilization policies in open economy I Relevant Chapter Öğretim Yöntemleri:
Anlatım
12 Stabilization policied in open economy II Relevant Chapter Öğretim Yöntemleri:
Anlatım
13 Economic dynamics ofTurkish economy Relevant Chapter Öğretim Yöntemleri:
Anlatım
14 Analyzes of balance of payments in Turkish economy Relevant Chapter Öğretim Yöntemleri:
Anlatım
15 General evaluation I Relevant Chapter Öğretim Yöntemleri:
Anlatım
16 General evaluation II Relevant Chapter Öğretim Yöntemleri:
Anlatım
17 Final exam Relevant Chapter Ölçme Yöntemleri:
Yazılı Sınav


Student Workload - ECTS

Works Number Time (Hour) Workload (Hour)
Course Related Works
Class Time (Exam weeks are excluded) 14 4 56
Out of Class Study (Preliminary Work, Practice) 14 12 168
Assesment Related Works
Homeworks, Projects, Others 1 2 2
Mid-term Exams (Written, Oral, etc.) 1 12 12
Final Exam 1 24 24
Total Workload (Hour) 262
Total Workload / 25 (h) 10,48
ECTS 10 ECTS

Update Time: 08.05.2023 04:30