| Code: İKT-505 |
Course Title: ADVANCED MACROECONOMICS I |
Theoretical+Practice: 3+0 |
ECTS: 6 |
|
| Year/Semester of Study |
1 / Fall Semester |
| Level of Course |
2nd Cycle Degree Programme |
| Type of Course |
Compulsory |
| Department |
ECONOMICS (MA-WITH THESIS) |
| Pre-requisities and Co-requisites |
None |
| Mode of Delivery |
Face to Face |
| Teaching Period |
14 Weeks |
| Name of Lecturer |
SERAP ÇOBAN (seraps@nevsehir.edu.tr) |
| Name of Lecturer(s) |
|
| Language of Instruction |
Turkish |
| Work Placement(s) |
None |
| Objectives of the Course |
| This course is designed to teach advanced level macroeconomics, based on Keynesian approach. In this course we focus on the following macroeconomic topics: simple Keynesian (one sector) macro economy and the multiplier process, twosector (goods and financial sectors) macro economy, aggregate demand and aggregate supply, unemployment and Phillips curve, open economy macroeconomics, nominal and real exchange rate, and consumption and investment The theory and actual working of these concepts and designs will be examined in detail. |
| Learning Outcomes |
PO |
MME |
| The students who succeeded in this course: |
|
|
| LO-1 |
Can explain the concept of market equilibrium. |
PO-6 have ability on examining and analyzing the effects of economic policies.
|
Examination
|
| LO-2 |
Can explain and analyze differences between perfect and imperfect competition. |
PO-8 have ability on working with quantitative data about economics and using the tools about statistically data analysis.
|
Examination
|
| LO-3 |
Can demonstrate an understanding of economic theories of consumer and producer behaviour. |
PO-2 have basic information about treatment rules between individuals, markets and countries.
|
Presentation
|
| LO-4 |
Can explain how the pursuit of profit leads to efficient outcomes. |
PO-2 have basic information about treatment rules between individuals, markets and countries.
|
Examination
|
PO: Programme Outcomes
MME:Method of measurement & Evaluation |
| Course Contents |
| The course begins by introducing students to the subject of macroeconomics, national income accounting. Next, we will study closed economy version of Keynesian macroeconomics under fixed price (ISLM analysis) and variable prices (ADAS analysis). Third, we study labor market and Phillips Curve. Next, we switch to openeconomy version of Keynesian macroeconomics and undertake MundellFleming analysis. Finally, we will look into detail some important macroeconomic variables, namely consumption and investment. A list of main concepts/topics are as follows: National Income Accounting IncomeAggregate Expenditure equilibrium The Multiplier Aggregate DemandAggregate Supply Equilibrium Open Economy Equilibrium Consumption Investment Inflation |
| Weekly Course Content |
| Week |
Subject |
Learning Activities and Teaching Methods |
| 1 |
Introduction and Measurement of Aggregates |
Given a presentation and then lead discussion |
| 2 |
Measurement of Aggregates |
Given a presentation and then lead discussion |
| 3 |
The Goods Market and Financial Markets |
Given a presentation and then lead discussion |
| 4 |
The Goods Market and Financial Markets |
Given a presentation and then lead discussion |
| 5 |
ISLM Model |
Given a presentation and then lead discussion |
| 6 |
The Labor market and ADAS Model |
Lecturing,Discussion and Presentation |
| 7 |
NAIRU and the Phillips Curve |
Given a presentation and then lead discussion |
| 8 |
mid-term exam |
|
| 9 |
NAIRU and the Phillips Curve |
Given a presentation and then lead discussion |
| 10 |
Openeconomy and policies |
Given a presentation and then lead discussion |
| 11 |
Openeconomy and policies |
Given a presentation and then lead discussion |
| 12 |
Openeconomy and policies |
Given a presentation and then lead discussion |
| 13 |
Openeconomy and policies |
Given a presentation and then lead discussion |
| 14 |
Openeconomy and policies |
Given a presentation and then lead discussion |
| 15 |
Consumption and investment |
Given a presentation and then lead discussion |
| 16 |
final exam |
|
| Recommend Course Book / Supplementary Book/Reading |
| 1 |
Hakan Yetkiner (HY), Sorularla Makro İktisat (Macroeconomics in Questions), Efil Yayınları, February 2010, First Edition. |
| Required Course instruments and materials |
| book and articles |
