TÜRKÇE
ENGLISH
Information
| Unit | INSTITUTE OF SOCIAL SCIENCES |
| ECONOMETRICS (MASTER) (WITH THESIS) | |
| Code | IEM708 |
| Name | Mathematical Economics II |
| Term | 2024-2025 Academic Year |
| Term | Fall and Spring |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. KENAN LOPCU |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
The aim of this course is to teach the analytical methods and quantitative techniques of macroeconomic analysis.
Course Content
This course will cover fundamental concepts, methods, and recent developments in macroeconomics, followed by stationary macroeconomic models, comparative stationarity analysis, dynamic analysis, rational expectations and alternative theories of macroeconomic fluctuations, optimal control theory, and basic growth models.
Course Precondition
Successful completion of IEM 707 Matematiksel İktisat I
Resources
Chiang, A. C., & Wainwright, K. (2005). Fundamental methods of mathematical economics (4th ed.). McGraw-Hill.
Notes
Mishkin, F. S. (2007). The economics of money, banking, and financial markets. Pearson Education.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explains the essentials of macroeconomic analysis and the mathematical techniques used. |
| LO02 | Performs the comparative static analysis of basic macroeconomic models. |
| LO03 | Lists the basic distinguishing features of dynamic macroeconomic models. |
| LO04 | Perorms the dynamic analysis of basic rational expectations models. |
| LO05 | Employs the basic analysis of main growth models. |
| LO06 | Interprets the solutions obtained economically. |
| LO07 | Defines the main quantitative techniques used in the empirical analysis of macroeconomic activity and long term growth. |
| LO08 | Compares theoretical and empirical approaches to macroeconomic fluctuations. |
| LO09 | Performs the long-term analysis of dynamic growth models. |
| LO10 | Evaluates the role of rational expectations hypothesis in macroeconomic models. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains contemporary concepts about Econometrics, Statistics, and Operation Research | 3 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Explains relationships between acquired knowledge about Econometrics, Statistics, and Operation Research | 3 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explains how to apply acquired knowledge in the field to Economics, Business, and other social sciences | 5 |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Performs conceptual analysis to develop solutions to problems | 5 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | 5 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Interprets the results obtained from the most appropriate method to predict the model | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Synthesizes the information obtained by using different sources within the framework of academic rules in a field of research | 4 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Uses acquired knowledge in the field to determine the vision, aim, and goals for an organization/institution | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Searches for new approaches and methods to solve problems being faced | 5 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Presents analysis results conveniently | 4 |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Collects/analyzes data in a purposeful way | |
| PLO12 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Converts its findings into a master's thesis or a professional report in Turkish or a foreign language | 3 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Develops solutions for organizations using Econometrics, Statistics, and Operation Research | 4 |
| PLO14 | Beceriler - Bilişsel, Uygulamalı | Uses a package program/writes a new code for Econometrics, Statistics, and Operation Research | |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Performs an individual work to solve a problem with Econometrics, Statistics, and Operation Research | |
| PLO16 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in the field of study | |
| PLO18 | 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 | |
| PLO19 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on economic and social events by following current issues | |
| PLO20 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Subject Matters | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 2 | Methodology | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 3 | Methodology and application | Readings and problem set | Öğretim Yöntemleri: Alıştırma ve Uygulama, Anlatım |
| 4 | Introduction to Static Macroeconomic Models | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 5 | Introduction to Static Macroeconomic Models and Comparative static Analysis | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 6 | Introduction to Dynamic Analysis | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 7 | Dynamic Analysis | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Problem Solving | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Introduction to Adaptive Expectations and the Cagan Model | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 10 | Adaptive Expectations and the Cagan Model | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 11 | Introduction to Rational Expectations | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 12 | Rational Expectations: Properties and Solutions | Readings and problem set | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 13 | Alternative Theories of Macroeconomic Fluctuations | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 14 | Introduction to Optimal Control and Basic Growth Models | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 15 | Optimal Control and Basic Growth Models | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
|
| 17 | Term Exams | 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 | ||