COURSE UNIT TITLE

: MACROECONOMIC THEORY II

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECN 6024 MACROECONOMIC THEORY II 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

This course aims to provide an overview of a wide array of advanced level research topics that are currently popular in applied macroeconomics and macroeconomic policymaking. Topics that will be covered include specification and estimation/calibration of small scale macroeconomic models, selected issues on model uncertainty and global coordination games in macroeconomics. The course aims to help research students interested in applied macroeconomics to formulate or deepen their research question.

Learning Outcomes of the Course Unit

1   To be able to follow macroeconomic literature.
2   Apply different complex macroeconomic models.
3   Apply mathematical and analytical tools to analyze advanced macroeconomic phenomena.
4   Discuss macroeconomic topics using advanced macroeconomic models.
5   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
2 Consumption and Investment: Basic Infinite Horizaon models
3 The Overlapping generations models
4 Money
5 Multiple Equilibria, Bubbles and Stability
6 Optimal Consumption, Investment and Inventory Behaviour
7 Midterm
8 Competitive Equilibrium Business Cycles
9 Nominal Rigidites and Economic Fluctuations
10 Goods, labor and credit markets
11 Monetary and Fiscal Policy Issues
12 Equilibrium Models and Asset Pricing
13 Deficits, seigniorage and inflatioon
14 General Overview

Recomended or Required Reading

1. Readings
2. Blanchard, O.J. and S. Fischer, Lectures on Macroeconomics, The MIT Press, 1996.

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 follow macroeconomic literature.
2. The learner will compare and apply different advanced macroeconomic models.
3. The learner will apply mathematical and analytical tools to analyze advanced macroeconomic phenomena.
4. The learner will discuss macroeconomic topics using advanced macroeconomic models.
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 final exam 1 35 35
Preparation for midterm exam 1 35 35
Preparations before/after weekly lectures 13 3 39
Preparing presentations 1 25 25
Preparing assignments 1 35 35
Midterm 1 3 3
Final 1 3 3
TOTAL WORKLOAD (hours) 240

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.1554
LO.2334
LO.35
LO.445
LO.5535

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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