TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMICS PR. (ENGLISH) | |
| Code | ECOZ407 |
| Name | Macroeconomics III |
| Term | 2026-2027 Academic Year |
| Semester | 7. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Belirsiz |
| Type | Normal |
| Label | FE Field Education Courses C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. HARUN BAL |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
To provide advanced analytical tools for understanding long-run economic growth, dynamic general equilibrium, and modern macroeconomic policy debates.
Course Content
This course focuses on endogenous growth models, overlapping generations (OLG), real business cycle theory, and micro-foundations of macroeconomics.
Course Precondition
Makroiktisat ve matematik
Resources
English Sources: Advanced Macroeconomics, David Romer; Recursive Macroeconomic Theory, Lars Ljungqvist & Thomas J. Sargent.
Notes
English Sources: Advanced Macroeconomics, David Romer; Recursive Macroeconomic Theory, Lars Ljungqvist & Thomas J. Sargent.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Master advanced growth theories including Solow, Ramsey, and Romer models. |
| LO02 | Analyze macroeconomic issues using dynamic optimization techniques. |
| LO03 | Evaluate the microeconomic foundations of consumption and investment. |
| LO04 | Understand the mechanics of Real Business Cycle (RBC) and New Keynesian models. |
| LO05 | Assess the role of expectations and uncertainty in macroeconomic modeling. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | 4 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | 4 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce nymerical and policy options when confronted with problems | 4 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Use the theory of economics in the analysis of economic events | 4 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | 4 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | |
| PLO11 | Bilgi - Kuramsal, Olgusal | Take responsibility individually and/or in a team, take leadership and work effectively | |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | 4 |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Question traditional approaches, practices and methods. | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Review of Basic Models: From IS-LM to AS-AD in an advanced context. | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 2 | Solow Growth Model: Dynamics of capital accumulation and steady state. | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 3 | Infinite-Horizon Models: The Ramsey-Cass-Koopmans model. | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 4 | Overlapping Generations (OLG): The Diamond model and social security. | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 5 | Endogenous Growth I: Human capital and the Lucas model. | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | Endogenous Growth II: R&D, innovation, and the Romer model. | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 7 | Micro-foundations of Consumption: Permanent Income and Life-Cycle hypotheses. | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | Investment Theory: Adjustment costs and Tobin’s Q. | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 10 | Real Business Cycle (RBC): Technology shocks and economic fluctuations. | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 11 | New Keynesian Economics: Imperfect competition and nominal rigidities. | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 12 | Monetary Policy Models: Inflation targeting and the Taylor Rule. | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 13 | Labor Market Dynamics: Search and matching models (DMP model). | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 14 | Financial Frictions: The role of the financial sector in macro models. | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 15 | General evaluation | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 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 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 1 | 10 | 10 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 10 | 10 |
| Final Exam | 1 | 20 | 20 |
| Total Workload (Hour) | 124 | ||
| Total Workload / 25 (h) | 4,96 | ||
| ECTS | 5 ECTS | ||