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Information
| Unit | INSTITUTE OF SOCIAL SCIENCES |
| ECONOMICS (PhD) | |
| Code | İKT832 |
| Name | Advanced Macroeconomic Analysis |
| Term | 2024-2025 Academic Year |
| Term | Fall and Spring |
| Duration (T+A) | 4-0 (T-A) (17 Week) |
| ECTS | 8 ECTS |
| National Credit | 4 National Credit |
| Teaching Language | Türkçe |
| Level | Doktora Dersi |
| Type | Normal |
| 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, to improve the ability to make comment about and analysis on, modern macroeconomic topics by introducing the new trends in macroeconomic theory and policy and by explaining the micro foundations of macroeconomics.
Course Content
Monetary and finance policies, theories about economic crises, dynamics about macroeconomic variables affecting open macroeconomic system.
Course Precondition
There are no prerequisites for the course.
Resources
Obstfeld, Maurice, and Kenneth Rogoff (O&R), Foundations of International Macroeconomics Anwar Shaikh, Kapitalizm Rekabet, Çatışma, Bunalımlar. Barro, R.J. & X. Sala-i-Martin (2004) Economic Growth
Notes
Selected Articles
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Mathematically explains Ramsey-Cass-Koopmans, Overlapping Generations (OLG) and Stochastic Growth Models. |
| LO02 | Explains the sources and policy implications of economic fluctuations by examining the RBC and New Keynesian models at an advanced level. |
| LO03 | Explains different macroeconomic models (e.g. IS-LM, AS-AD, growth and unemployment models). |
| LO04 | Solves dynamic macroeconomic models. |
| LO05 | Explains the short-term and long-term effects of various macroeconomic policy tools (fiscal, monetary, exchange rate policies). |
| LO06 | Models how the macroeconomy will reach equilibrium in the short run and the long run. |
| LO07 | Collects and analyzes macroeconomic data at national and international levels. |
| LO08 | Apply mathematical methods (differential equations, optimization theory) and econometric techniques (panel data analysis, time series analysis) used in macroeconomic analysis. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains the importance of demand and supply and the conditions of the market economy to work better | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Conducts new research that contributes to science. | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Specifies the role of the market economy, the price advantage of the event. | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Specifies the role of the price advantage in market economy | 4 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Faces with challenges, produces a numerical and policy options. | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Applies the methods of economic analysis. | 4 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Acquires the ability of analyzing in the conceptual level ,compares interprets, evaluates and synthesizes ideas in order to develop solutions to the problems. | 5 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Has the knowledge of quantitative and qualitative techniques used in Economics. | |
| PLO09 | Yetkinlikler - Alana Özgü Yetkinlik | Builds, decodes and interprets models by using quantitative and qualitative techniques | 5 |
| PLO10 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Takes responsibility individually and / or in a team,leads a team and works effectively | |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | With the awareness of the necessity of life-long learning, follows the latest developments about his field and improves himself | |
| PLO12 | Bilgi - Kuramsal, Olgusal | Speaks Turkish, and at least one other foreign language in accordance with the requirements of academic and business life. | |
| PLO13 | Yetkinlikler - Alana Özgü Yetkinlik | Recognize and apply social, scientific and professional ethical values. | 5 |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses himself/herself accurately, both orally and in writing. | |
| PLO15 | Beceriler - Bilişsel, Uygulamalı | Publishes original studies in the field of economics in scientific journals. | 4 |
| PLO16 | Beceriler - Bilişsel, Uygulamalı | Knows where and how to find all scientific resources and data with information technologies to do research. | 5 |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Understands the necessity and importance of research in social sciences. | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Turbulent Trends and Hidden Structures | Reading and researching about selected topic. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 2 | Micro Foundations and Macro Patterns | Reading and researching about selected topic. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 3 | Production and Costs | Reading and researching about selected topic. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 4 | Exchange, Money, and Price | Reading and researching about selected topic. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 5 | Capital and Profit | Reading and researching about selected topic. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | The Theory of Real Competition | Reading and researching about selected topic. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 7 | Debates on Perfect and Imperfect Competition | Reading and researching about selected topic. | Öğretim Yöntemleri: Anlatım, Tartışma, Soru-Cevap |
| 8 | Mid-Term Exam | Exam | Ölçme Yöntemleri: Yazılı Sınav, Ödev |
| 9 | Competition, Finance, and Interest Rates | Reading and researching about selected topic. | Öğretim Yöntemleri: Tartışma, Soru-Cevap, Anlatım |
| 10 | International Competition and the Theory of Exchange Rates | Reading and researching about selected topic. | Öğretim Yöntemleri: Tartışma, Soru-Cevap, Anlatım |
| 11 | The Rise and Fall of Modern Macroeconomics | Reading and researching about selected topic. | Öğretim Yöntemleri: Tartışma, Anlatım, Soru-Cevap |
| 12 | Classical Macro Dynamics | Reading and researching about selected topic. | Öğretim Yöntemleri: Tartışma, Soru-Cevap, Anlatım |
| 13 | The Theory of Wages and Unemployment | Reading and researching about selected topic. | Öğretim Yöntemleri: Tartışma, Soru-Cevap, Anlatım |
| 14 | Modern Money and Inflation | Reading and researching about selected topic. | Öğretim Yöntemleri: Tartışma, Soru-Cevap, Anlatım |
| 15 | Growth, Profitability, and Recurrent Crises | Reading and researching about selected topic. | Öğretim Yöntemleri: Tartışma, Soru-Cevap, Anlatım |
| 16 | Term Exams | Presentation | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Exam | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 8 | 112 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 2 | 4 | 8 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 24 | 24 |
| Total Workload (Hour) | 212 | ||
| Total Workload / 25 (h) | 8,48 | ||
| ECTS | 8 ECTS | ||