TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| FINANCE PR. | |
| Code | IKZ212 |
| Name | Macroeconomics II |
| Term | 2024-2025 Academic Year |
| Semester | 4. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 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 |
Dr. Öğr. Üyesi ALMILA BURGAÇ ÇİL
(Bahar)
(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
Yok
Resources
Mehmet Fatih Cin, Makro İktisat Alternatif Görüşlerle Teori ve Uygulama
Notes
Erdal Ünsal, Makro İktisat
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Be familiar with the inflationary gap, deflationary gap, inflation 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 | Evaluate the relevancy of active economic policies according to different theories. |
| LO05 | Evaluate the macroeconomics issues |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains basic conceptual information about economy and finance | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | The departments of finance, law, economics, public administration, business administration and accounting have the necessary qualifications for the public and private sectors. | |
| PLO03 | Beceriler - Bilişsel, Uygulamalı | Analyses the basic conceptual knowledge about economics and finance in the context of current economic and financial developments. | |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Synthesises the information obtained from different sources within the framework of academic rules in the field of research | 5 |
| PLO05 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Works effectively individually and/or in a team. | |
| PLO06 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, follows the current developments in the field. | 4 |
| PLO07 | Yetkinlikler - Öğrenme Yetkinliği | Apart from the traditional approach, it develops new working methods when deemed necessary. | |
| PLO08 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Turkish and at least one foreign language is used in accordance with the needs of academic life and business life | |
| PLO09 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses herself orally and in writing | |
| PLO10 | Yetkinlikler - Alana Özgü Yetkinlik | To be able to collect and analyse data from different sources by using contemporary communication tools, methods and processes | 4 |
| PLO11 | Yetkinlikler - Alana Özgü Yetkinlik | Having basic computer knowledge and skills, uses this information in the professional field. | |
| PLO12 | Yetkinlikler - Alana Özgü Yetkinlik | Explains the duties, authority and functioning of public financial institutions | |
| PLO13 | Yetkinlikler - Alana Özgü Yetkinlik | Explains job descriptions and responsibilities of professionals in the field of finance | |
| PLO14 | Yetkinlikler - Alana Özgü Yetkinlik | Have social, scientific and ethical values. | 4 |
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, Ödev |
| 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 | Review | prepare to exam | Öğretim Yöntemleri: Anlatım |
| 17 | Term Exams | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
Assessment (Exam) Methods and Criteria
Current term shares have not yet been determined. Shares of the previous term are shown.
| 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 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||