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COURSE INFORMATION PACKAGE · ECON203

Macroeconomics II

Compulsory · French
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ECTS
5
Local Credit
3
Theory + Practice + Lab
3 + 0 + 0
Course Level
Bachelor Degree
Prerequisites
ECON102
Semester
3
On this page
Content Weekly Contents Assessment System Relation of Proficiency ECTS
Course Instructor(s)
Salise İrem ZEYNELOĞLU
izeyneloglu@gmail.com

Content

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

Course 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

Weekly Contents

Theory Topics
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
Practice Topics
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

Assessment System

Contribution to Overall Grade
Activities Number Contribution
Contribution of in-term studies to overall grade 4 60
Contribution of final exam to overall grade 1 40
Total 5 100
In-Term Studies
Activities Number Contribution
Assignments 0 0
Presentation 0 0
Midterm Examinations (including preparation) 1 30
Project 0 0
Laboratory 0 0
Other Applications 0 0
Quiz 2 10
Term Paper/ Project 0 0
Portfolio Study 0 0
Reports 0 0
Learning Diary 8 10
Thesis/ Project 0 0
Seminar 0 0
Other 0 0
Make-up 0 0
Total 11 50

Relation of Proficiency

No Program Learning Outcomes Contribution
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

ECTS

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