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Information
| Code | ECOZ204 |
| Name | Macroeconomics II |
| Term | 2023-2024 Academic Year |
| Semester | 4. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. MEHMET FATİH CİN |
| Course Instructor |
Dr. Öğr. Üyesi İpek TEKİN
(A 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
The prerequisite for this course is completion of Introduction to Economics II.
Resources
Mankiw, G. and Ball, L. (2019). Macroeconomics. Dornbusch, Fischer & Startz (2011). Macroeconomics.
Notes
Blanchard, Olivier. (2017). Macroeconomics. Froyen, Richard T. (2013). Macroeconomics:
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Learn Inflationar 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. |
| LO05 | Interprets current macroeconomic events |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | 3 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce nymerical and policy options when confronted with problems | 4 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Use the theory of economics in the analysis of economic events | 3 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | 4 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | |
| PLO11 | Bilgi - Kuramsal, Olgusal | Take responsibility individually and/or in a team, take leadership and work effectively | |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | 3 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | 4 |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Question traditional approaches, practices and methods. | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. |
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 | Öğretim Yöntemleri: Anlatım |
| 2 | Monetarist Macroeconomics And Aggregate Supply Curve | Students will be prepared by studying relevant subjects from source books according to weekly program | Öğretim Yöntemleri: Anlatım |
| 3 | Monetarist Macroeconomics And Economic Policies | Students will be prepared by studying relevant subjects from source books according to weekly program | Öğretim Yöntemleri: Anlatım |
| 4 | New Classical Macroeconomics And Aggregate Supply Curve | Students will be prepared by studying relevant subjects from source books according to weekly program | Öğretim Yöntemleri: Anlatım |
| 5 | New Classical Macroeconomics And Irrelevancy Of Economic Policies | Students will be prepared by studying relevant subjects from source books according to weekly program | Öğretim Yöntemleri: Anlatım |
| 6 | New Keynesian Macroeconomics And Aggregate Supply Curve | Students will be prepared by studying relevant subjects from source books according to weekly program | Öğretim Yöntemleri: Anlatım |
| 7 | New Keynesian Macroeconomics And Economic Policies | Students will be prepared by studying relevant subjects from source books according to weekly program | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Inflation And Unemployment: Phillips Curve | Students will be prepared by studying relevant subjects from source books according to weekly program | Öğretim Yöntemleri: Anlatım |
| 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 | Öğretim Yöntemleri: Anlatım |
| 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 | Öğretim Yöntemleri: Anlatım |
| 12 | Dynamic Aggregate Supply-Dynamic Aggregate Demand Framework I | Students will be prepared by studying relevant subjects from source books according to weekly program | Öğretim Yöntemleri: Anlatım |
| 13 | Dynamic Aggregate Supply-Dynamic Aggregate Demand Framework II | Students will be prepared by studying relevant subjects from source books according to weekly program | Öğretim Yöntemleri: Anlatım |
| 14 | Democracy And Economy: Political Business Cycles | Students will be prepared by studying relevant subjects from source books according to weekly program | Öğretim Yöntemleri: Anlatım |
| 15 | Open Economy Macroeconomics | Students will be prepared by studying relevant subjects from source books according to weekly program | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav, Ödev |
| 17 | Term Exams | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav, Ödev |
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 | ||