Course Code: | ECO204 | ||||
Course Name: | Macroeconomics 2 | ||||
Semester: | Fall | ||||
Course Credits: |
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Language of instruction: | English | ||||
Course Condition: | |||||
Does the Course Require Work Experience?: | No | ||||
Type of course: | Departmental Elective | ||||
Course Level: |
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Mode of Delivery: | Face to face | ||||
Course Coordinator: | Doç. Dr. ÇİĞDEM GÜRSOY | ||||
Course Lecturer(s): | Gökhan Övenç | ||||
Course Assistants: |
Course Objectives: | The course aims to cover some case studies and data interpretation since the macroeconomics is also an empirical discipline. Special attention will be given to current developments in the Turkish and the European economy by using some theoretical macroeconomic models. The primary goal of the course is to assist students to develop a consistent way of thinking about key macroeconomic concepts and phenomena. |
Course Content: | The macroeconomics course is designed to cover the determination of income, output, employment, price level, interest rates and exchange rates in the whole economy. The general economy will be examined through short-run, medium-run and long-run time periods to see the impacts of business cycles, stabilization policies and economic growth. |
The students who have succeeded in this course;
1) Get enough knowledge to interpret the AS/AD models. 2) Evaluate the relationship between interest rate, price level, output and employment. 3) Analyse the impacts of any factor changes on the macroeconomic environment using the IS/LM and AS/AD models. 4) Learn how monetary and fiscal policies affect the general macroeconomic environment. |
Week | Subject | Related Preparation |
1) | Modified Phillips Curve and Expectations | |
2) | Price and Wage Determination | |
3) | Expected and Actual Price and Cost of Production | |
4) | Derivation of the Aggregate Supply and Aggregate Demand | |
5) | AS/AD Models and Equilibrium in Goods Market | |
6) | Short, Medium and Long-Runs in AS/AD Models | |
7) | Monetary and Fiscal Policies in AS/AD Models | |
8) | MIDTERM | |
9) | IS/LM and AS/AD Models Together | |
10) | Natural Rate of Output and Technology/Innovation | |
11) | Openness in Economy, Interest and Exchange Rate Disparities | |
12) | Business Cycles, Output Fluctuations and Case Studies | |
13) | Business Cycles, Output Fluctuations and Case Studies | |
14) | Review and Summary |
Course Notes / Textbooks: | Macroeconomics by Gregory Mankiw |
References: | Macroeconomics: A European Perspective by Olivier Blanchard (Prentice Hall) |
Course Learning Outcomes | 1 |
2 |
3 |
4 |
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Program Outcomes |
No Effect | 1 Lowest | 2 Average | 3 Highest |
Program Outcomes | Level of Contribution |
Semester Requirements | Number of Activities | Level of Contribution |
Homework Assignments | 5 | % 35 |
Midterms | 1 | % 25 |
Final | 1 | % 40 |
total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 60 | |
PERCENTAGE OF FINAL WORK | % 40 | |
total | % 100 |
Activities | Number of Activities | Preparation for the Activity | Spent for the Activity Itself | Completing the Activity Requirements | Workload | ||
Course Hours | 14 | 1 | 3 | 56 | |||
Study Hours Out of Class | 14 | 0 | 2 | 28 | |||
Homework Assignments | 5 | 5 | 1 | 30 | |||
Midterms | 1 | 15 | 1 | 16 | |||
Final | 1 | 20 | 1 | 21 | |||
Total Workload | 151 |