COURSE UNIT TITLE

: MACROECONMIC THEORY I

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECN 6037 MACROECONMIC THEORY I COMPULSORY 3 0 0 10

Offered By

Economics (English)

Level of Course Unit

Third Cycle Programmes (Doctorate Degree)

Course Coordinator

PROFESSOR SAADET KASMAN

Offered to

Economics (English)

Course Objective

The objective of this course is to introduce advanced macroeconomic models such as the Complete Real Intertemporal Model, the intertemporal Monetary model and Banking and Business Cycle models. The objective is to provide students with a deeper understanding of macroeconomic theory as well as a broader knowledge of the main policy issues to which this theory applies.

Learning Outcomes of the Course Unit

1   learn advanced macroeconomic models
2   Understand the consepts such as two period intertemporal choice, the dynamic firm behavior and fiscal and technological shocks
3   learn the outcomes of different economic policies on national income, price level and employment level in dynamic economic environment
4   to be able to follow macroeconomic literature
5   to be able to do research and write academic paper

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction: An Intertemporal Monetary Model
2 The Complete Real Intertemporal Model: Dynamic Firm Behavior
3 A Two-Period Production Economy
4 Experiments: Fiscal and Technological Shocks
5 Business Cycles Models
6 Keynesian Business Cycle Theory: The Sticky Wage Model
7 Midterm
8 International Trade in Goods and Assets
9 Money in the Open Economy
10 Money, Inflation and Banking
11 Unemployment: Search and Efficiency Wages
12 Inflation, the Phillips Curve, and Central Bank Commitment
13 Review and discussion
14 General Overview

Recomended or Required Reading

Lecture Notes and academic papers

Planned Learning Activities and Teaching Methods

1. Lectures
2. Class Discussions
3. Assignments

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.35 + STT * 0.25 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.35 + STT * 0.25 + RST* 0.40


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will compare advanced macroeconomic models.
2. The learner will clearly define macroeconomic consepts such as two period intertemporal choice, the dynamic firm behavior and fiscal and technological shocks.
3. The learner will show the outcomes of different economic policies on national income, price level and employment level in dynamic economic environment.
4. The learner will show understanding of an academic paper in the related literature.
5. The learner will write an academic paper.

Language of Instruction

English

Course Policies and Rules

It is obligatory to attend at least 70% of the classes.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 13 3 39
Tutorials 13 2 26
Preparation for midterm exam 1 25 25
Preparation for final exam 1 25 25
Preparing assignments 1 30 30
Preparing presentations 3 10 30
Preparations before/after weekly lectures 13 5 65
Midterm 1 3 3
Final 1 3 3
TOTAL WORKLOAD (hours) 246

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.1453
LO.2534
LO.35
LO.4545
LO.5454

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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