Programme Details - Economics | GSÜ - ECTS Information Guide

Course Code	Course Name	Semester	Theory	Practice	Lab	Credit	ECTS
ECON203	Macroeconomics II	1	3	0	0	3	5

Prerequisites	ECON102 MAKROİKTİSAT I
Admission Requirements	ECON102 MAKROİKTİSAT I

Language of Instruction	French
Course Type	Compulsory
Course Level	Bachelor Degree
Course Instructor(s)	Salise İrem ZEYNELOĞLU izeyneloglu@gmail.com (Email) Selin PELEK pelekselin@gmail.com (Email)
Assistant
Objective	explain the relationship between various indicators in an open economy and study the theoretical framework necessary to predict the efficiency of macroeconomic policy applications
Content	the course starts with the definitions of the basic concepts and gives the open economy framework. then, discusses the efficiency of economic policy in IS-LM and AS-AD frameworks assuming fixed or flexible exchange rates with perfect or imperfect capital movements. finally, current economic developments are discussed using the theoretical frameworks previously analyzed.
Course Learning Outcomes	have a knowledge of the relations between different economic indicators discuss the possible outcomes of economic policy in different situations (such as fixed or flexible exchange rates etc...) understand the theoretical background of current economic developments
Teaching and Learning Methods	in the practice sessions (2 h per week), previously distributed newspaper/journal articles are discussed and problem sets are solved
References	macroéconomie internationale (G. Koenig) macroéconomie internationale (M. Aglietta) various newspaper/journal articles

Print the course contents

Week	Weekly Contents
1	open economy framework
2	balance of payments, balance sheet of the financial system
3	economic indicators, national accounting equations
4	policy efficiency under fixed prices and exchange rates: perfect vs imperfect capital movements
5	policy efficiency under fixed prices and exchange rates: perfect vs imperfect capital movements
6	policy efficiency under fixed prices and exchange rates: perfect vs imperfect capital movements
7	policy efficiency under fixed prices and flexible exchange rates: perfect vs imperfect capital movements
8	policy efficiency under fixed prices and flexible exchange rates: perfect vs imperfect capital movements
9	policy efficiency under fixed prices and flexible exchange rates: perfect vs imperfect capital movements
10	policy efficiency under flexible prices and flexible exchange rates: perfect vs imperfect capital movements
11	policy efficiency under flexible prices and flexible exchange rates: perfect vs imperfect capital movements
12	open economy Philips curve
13	open economy Philips curve
14	revision

Week	Weekly Contents
1	no pratice session
2	no practice session
3	balance of payments, financial sytem
4	income multiplier in the standard MF model
5	article lecture and the discussion of 2001 turkish crisis
6	exam 1
7	flexible exchange rates and expectations
8	income multiplier in the standard MF model (flexible exchange rates)
9	income multiplier in the standard MF model
10	article lecture and comparison of fixed and flexible exchange rates
11	exam 2
12	income multiplier in the standard AS-AD model
13	article lecture and discussion of the effects of the global crisis on the turkish economy
14	revision

	Number	Contribution
Contribution of in-term studies to overall grade	6	60
Contribution of final exam to overall grade	1	40
Toplam	7	100

	Number	Contribution
Assignments	0	0
Presentation	0	0
Midterm Examinations (including preparation)	0	0
Project	0	0
Laboratory	0	0
Other Applications	0	0
Quiz	1	10
Term Paper/ Project	0	0
Portfolio Study	0	0
Reports	0	0
Learning Diary	4	40
Thesis/ Project	0	0
Seminar	0	0
Other	1	10
Make-up	0	0
Toplam	6	60

No	Program Learning Outcomes	Contribution
No	Program Learning Outcomes	1	2	3	4	5
1	Demonstrate a basic knowledge of different economic theories and main discussions driving current theoretical approaches			X
2	Demonstrate ability to use basic qualitative and quantitative methods to asses different economic questions of applied fields
3	Show a sound understanding of current economic discussions and problems					X
4	Have an effective and clear communication in written and oral formats in different public and professional contexts.
5	Demonstrate basic knowledge of the world economic history and a sound knowledge of the Turkish economic history
7	Demonstrate knowledge of standard quantitative techniques and empirical models used in economics
8	Show ability to apply basic economic theory to an applied topic
9	Show a basic understanding of analytical methods, both theory- and model-based					X
10	Show ability to use economic concepts to discuss current economic issues					X
11	Reason logically and work analytically
12	Show awareness on social aspects of the economics in different applied and theoretical fields
13	Identify appropriate economic models to analyse problems		X
16	Show understanding of basic statistical and econometric concepts and ability to apply basic concepts to own empirical work
17	Demonstrate a sound knowledge of the current economic issues in Turkey and a general knowledge of the issues in the world economy

Activities	Number	Period	Total Workload
Class Hours	14	3	42
Working Hours out of Class	14	2	28
Assignments	0	0	0
Presentation	0	0	0
Midterm Examinations (including preparation)	2	12	24
Project	0	0	0
Laboratory	0	0	0
Other Applications	0	0	0
Final Examinations (including preparation)	1	17	17
Quiz	1	6	6
Term Paper/ Project	0	0	0
Portfolio Study	0	0	0
Reports	0	0	0
Learning Diary	4	1	4
Thesis/ Project	0	0	0
Seminar	0	0	0
Other	1	2	2
Make-up	0	0	0
Total Workload			123
Total Workload / 25			4.92
Credits ECTS			5

Program Information