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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 |
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 | ||