Macroeconomics II(ECON203)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| ECON203 | Macroeconomics II | 3 | 3 | 3 | 0 | 3 | 5 |
| Prerequisites | ECON102 |
| Admission Requirements | ECON102 |
| Language of Instruction | French |
| Course Type | Compulsory |
| Course Level | Bachelor Degree |
| Course Instructor(s) | Salise İrem ZEYNELOĞLU izeyneloglu@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 |
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 |
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 2 | 50 |
| Contribution of final exam to overall grade | 1 | 50 |
| Toplam | 3 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 0 | 0 |
| Presentation | 0 | 0 |
| Midterm Examinations (including preparation) | 2 | 50 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 0 | 0 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Toplam | 2 | 50 |
| 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 | |||||
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 5 | 70 |
| Working Hours out of Class | 14 | 2 | 28 |
| Midterm Examinations (including preparation) | 2 | 12 | 24 |
| Final Examinations (including preparation) | 1 | 17 | 17 |
| Total Workload | 139 | ||
| Total Workload / 25 | 5,56 | ||
| Credits ECTS | 6 | ||