ECOZ204 Macroeconomics II

6 ECTS - 3-0 Duration (T+A)- 4. Semester- 3 National Credit

Information

Code ECOZ204
Name Macroeconomics II
Term 2024-2025 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
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Prof. Dr. MEHMET FATİH CİN
Course Instructor
1 2
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

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 Learn the inflationary gap, feflationary gap, inflation and long run equilibrium.
LO02 Be familiar with the 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 Explain the balance of payments, open economy and exchange rates


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
PLO02 Bilgi - Kuramsal, Olgusal Acquires basic Mathematics, Statistics and Operation Research concepts
PLO03 Bilgi - Kuramsal, Olgusal Describes the necessary concepts of Business 4
PLO04 Beceriler - Bilişsel, Uygulamalı Equipped with the foundations of Economics, and develops Economic models 5
PLO05 Beceriler - Bilişsel, Uygulamalı Models problems with Mathematics, Statistics, and Econometrics
PLO06 Beceriler - Bilişsel, Uygulamalı Has the ability to analyze/interpret at the conceptual level to develop solutions to problems
PLO07 Beceriler - Bilişsel, Uygulamalı Collects/analyses data 4
PLO08 Bilgi - Kuramsal, Olgusal Interprets the results analyzed with the model 5
PLO09 Beceriler - Bilişsel, Uygulamalı Combines the information obtained from different sources within the framework of academic rules in a field which does not research 5
PLO10 Beceriler - Bilişsel, Uygulamalı It develops traditional approaches, practices and methods into new working methods when it deems necessary 4
PLO11 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Leads by taking responsibility individually and/or within the team
PLO12 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
PLO13 Yetkinlikler - Öğrenme Yetkinliği Being aware of the necessity of lifelong learning, it follows the current developments in the field / constantly renews itself 5
PLO14 Yetkinlikler - İletişim ve Sosyal Yetkinlik Uses a package program of Econometrics, Statistics, and Operation Research
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 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
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


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

Update Time: 08.05.2024 12:32