TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| FINANCE PR. | |
| Code | IKZ212 |
| Name | Macroeconomics II |
| Term | 2019-2020 Academic Year |
| Semester | 4. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 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. MEHMET FATİH CİN |
| Course Instructor |
Prof. Dr. MEHMET FATİH CİN
(Bahar)
(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
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Learn Inflationar Gap, Deflationary Gap, General Price Level Adjustment and long run equilibrium. |
| LO02 | See differences among the Basic Assumtions of Keynesian, Monetarist, New Classical and New Keynesian Theories. |
| LO03 | Analyze Aggregate Supply and Aggregate Demand Framework |
| LO04 | Analyze relevancy of active economic policies according to different theories. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Having basic conceptual knowledge about economics and public finance and educating students who are able to analyze economic events in the light of this information, to think analytically, to work in cooperation and harmony, and to be able to do business. | 3 |
| PLO02 | - | Collecting and commenting data from different sources using contemporary communication tools, methods and processes | 4 |
| PLO03 | - | Having basic computer skills and knowledge, the vocational field uses this information | 5 |
| PLO04 | - | Perform numerical and statistical data aggregation, analysis and interpretation | 4 |
| PLO05 | - | Individually and / or in a team, take responsibility, leadership, and effectively works | 4 |
| PLO06 | - | An area he does not research exploits from different sources in the framework of academic rules, synthesizes the information he obtains and effectively presents it | 3 |
| PLO07 | - | Awareness of the necessity of life-long learning, it follows up-to-date developments in the field and constantly innovates | 5 |
| PLO08 | - | Synthesize and effectively deliver information from an unfamiliar field to other sources in the framework of academic rules | 3 |
| PLO09 | - | Turkish and at least one foreign language is used in accordance with the needs of academic life and business life | 4 |
| PLO10 | - | Uses Turkish in accordance with the needs of academic life and business life | 4 |
| PLO11 | - | He / she correctly understands the feelings, thoughts and behaviors of the people concerned and expresses himself / herself in writing and orally | 3 |
| PLO12 | - | It has social, scientific and ethical values in the stages of collecting, interpreting and announcing the data related to the scientific fields in which statistics are used. | 5 |
| PLO13 | - | Aware of and act in accordance with social, scientific and professional ethical values | 3 |
| PLO14 | - | Question traditional approaches, practices and methods, develop new working methods where necessary and | 2 |
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 | |
| 2 | Monetarist Macroeconomics And Aggregate Supply Curve | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 3 | Monetarist Macroeconomics And Economic Policies | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 4 | New Classical Macroeconomics And Aggregate Supply Curve | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 5 | New Classical Macroeconomics And Irrelevancy Of Economic Policies | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 6 | New Keynesian Macroeconomics And Aggregate Supply Curve | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 7 | New Keynesian Macroeconomics And Economic Policies | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 8 | Mid-Term Exam | prepare to exam | |
| 9 | Inflation And Unemployment: Phillips Curve | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 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 | |
| 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 | |
| 12 | Dynamic Aggregate Supply-Dynamic Aggregate Demand Framework I | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 13 | Dynamic Aggregate Supply-Dynamic Aggregate Demand Framework II | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 14 | Democracy And Economy: Political Business Cycles | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 15 | Open Economy Macroeconomics | Students will be prepared by studying relevant subjects from source books according to weekly program | |
| 16 | Term Exams | prepare to exam | |
| 17 | Term Exams | prepare to exam |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 20 |
| General Assessment | ||
| Midterm / Year Total | 100 | 20 |
| 1. Final Exam | - | 80 |
| Grand Total | - | 100 |
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 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||