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Information
| Code | EKMZ304 |
| Name | Mathematical Economics II |
| Term | 2024-2025 Academic Year |
| Semester | 6. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 4 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. KENAN LOPCU |
| Course Instructor |
Doç. Dr. ÇİLER SİGEZE GÜNEY
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
The aim of this course is to teach the analytical methods and quantitative techniques of macroeconomic analysis.
Course Content
The course content includes basic concepts, methods and recent developments in macroeconomics; stationary macroeconomic models and comparative stationarity analysis; introduction to dynamic analysis; rational expectations and alternative theories of macroeconomic fluctuations; introduction to optimum control theory and basic growth models.
Course Precondition
None.
Resources
Chiang, A. C., & Wainright, K. (2005). Matematiksel iktisadın temel yöntemleri (4. baskı, M. Sarımeşeli & Ş. Açıkgöz, Çev.). Gazi Kitabevi. Mishkin, F. S. (2006). Para teorisi ve politikası (6. baskı, İ. Işıklar, A. Çakmak, & S. Yavuz, Çev.). Bilim Teknik Yayınevi.
Notes
Mishkin, F. S. (2011). Para, bankacılık ve finansal piyasalar iktisadı (8. baskı, N. Engin, Çev. Ed.; S. Şahin, S. Çiçek, & Ç. Boz, Çev.). Akademi Yayıncılık. McCallum, B. T. (1989). Monetary economics, theory and policy. Macmillan.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Acquires the essentials of macroeconomic analysis and the mathematical techniques used. |
| LO02 | Performs the comparative static analysis of basic macroeconomic models. |
| LO03 | Learns the basic distinguishing features of dynamic macroeconomic models. |
| LO04 | Understands the dynamic analysis of basic rational expectations models. |
| LO05 | Becomes familiar with the basic analysis of main growth models. |
| LO06 | Acquires the ability to interpret the solutions obtained economically. |
| LO07 | Gains an introductory exposure to the main quantitative techniques (econometrics) used in the empirical analysis of macroeconomic activity and long term growth. |
| LO08 | Students explain rational expectations theory and compare alternative theories of macroeconomic fluctuations. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the basic concepts and theorems in the fields of Econometrics, Statistics and Operations research | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires basic Mathematics, Statistics and Operation Research concepts | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Describes the necessary concepts of Business | |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Equipped with the foundations of Economics, and develops Economic models | 4 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | 5 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Analyzes/interprets at the conceptual level to develop solutions to problems | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data from reliable data sources for the purpose of study | 3 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Interprets the results analyzed with the model | 4 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field of research | |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Adapts traditional approaches, practices and methods to a new study when necessary | |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Uses a package program of Econometrics, Statistics, and Operation Research | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | In addition to herself/himself professional development, constantly improves in scientific, cultural, artistic and social fields in line with interests and abilities | |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in its field. | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses Turkish and at least one other foreign language, academically and in the business context | |
| PLO16 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Interprets the feelings, thoughts and behaviors of the related persons correctly/expresses himself/herself correctly in written and verbal form | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on current economic and social issues | 5 |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Subject Matters | Reading | Öğretim Yöntemleri: Anlatım |
| 2 | Methodology | Readings | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 3 | Methodology and application | Readings | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 4 | Introduction to Static Macroeconomic Models | Readings | Öğretim Yöntemleri: Anlatım |
| 5 | Static Macroeconomic Models and Comparative static Analysis | Readings | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | Introduction to Dynamic Analysis | Readings | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 7 | Dynamic Analysis | Readings | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 8 | Mid-Term Exam | Preparing for the midterm exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Introduction to Adaptive Expectations and the Cagan Model | Readings | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 10 | Adaptive Expectations and the Cagan Model | Readings | Öğretim Yöntemleri: Anlatım, Problem Çözme, Bireysel Çalışma |
| 11 | Introduction to Rational Expectations | Readings | Öğretim Yöntemleri: Anlatım, Problem Çözme, Soru-Cevap |
| 12 | Rational Expectations: Properties and Solution Methods | Readings | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 13 | Alternative Theories of Macroeconomic Fluctuations | Readings | Öğretim Yöntemleri: Anlatım, Problem Çözme, Soru-Cevap |
| 14 | Introduction to Optimal Control and Basic Growth Models | Readings | Öğretim Yöntemleri: Anlatım, Tartışma, Soru-Cevap |
| 15 | Optimal Control and Basic Growth Models | Readings | Öğretim Yöntemleri: Anlatım, Problem Çözme, Soru-Cevap |
| 16 | Term Exams | Final exam preparation | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Final exam preparation | Ölçme Yöntemleri: Yazılı Sınav |
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 | 7 | 7 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 109 | ||
| Total Workload / 25 (h) | 4,36 | ||
| ECTS | 4 ECTS | ||