Information Package / Course Catalogue
| Course Code | : İKT204 |
| Course Type | : Required |
| Couse Group | : First Cycle (Bachelor's Degree) |
| Education Language | : Turkish |
| Work Placement | : N/A |
| Theory | : 3 |
| Prt. | : 0 |
| Credit | : 3 |
| Lab | : 0 |
| ECTS | : 5 |
This course offers theoretical building blocks of modern macroeconomics. To this end, the so-called (neo-) classical approach to macroeconomics is followed. The approach considers the decision-making of economic agents (individuals, firms, and the government) in a free market economy. Since some concepts necessary to understand the workings of the economy require using advanced mathematical tools, students are encouraged to refresh their memory on calculus.
The course begins by introducing students to the subject of macroeconomics and to national income accounting. Next, one period (static) partial and general equilibrium macroeconomic modeling is developed through graphical analysis and mathematical modeling. Third, two-period partial and general equilibrium macroeconomic modeling approaches are taught by using graphical and mathematical tools. Finally, multi-period general equilibrium modeling and policy analyses are studied. This course also covers market solution and social planner’s solution to macroeconomic modeling.
| Prof. Mustafa ÖZÇAĞ |
| 1. | To interpret the theories, concepts, and the role of Neo-Classical/ New-Classical macroeconomics. |
| 2. | To discuss real life (practical) issues in macroeconomics by using theoretical frameworks. |
| 3. | To compare the differences between the Neo-Classical/ New-Classical macroeconomics and Keynesian macroeconomics. |
| 4. | To be able to explain the role of the state in the economy |
| 5. | To understand the role of macroeconomic variables in the world economy |
| 1. | Stephen D. Williamson (SDW), Macroeconomics, Fifth Edition (2013), Prentice Hall Hakan |
| Type of Assessment | Count | Percent |
|---|---|---|
| Midterm Examination | 1 | %40 |
| Final Examination | 1 | %60 |
| Activities | Count | Preparation | Time | Total Work Load (hours) |
|---|---|---|---|---|
| Lecture - Theory | 14 | 2 | 3 | 70 |
| Individual Work | 12 | 1 | 2 | 36 |
| Midterm Examination | 1 | 8 | 1 | 9 |
| Final Examination | 1 | 8 | 1 | 9 |
| TOTAL WORKLOAD (hours) | 124 | |||
PÇ-1 | PÇ-2 | PÇ-3 | PÇ-4 | PÇ-5 | PÇ-6 | PÇ-7 | |
OÇ-1 | 4 | 5 | 4 | 5 | 4 | 5 | 4 |
OÇ-2 | 5 | 4 | 4 | 4 | 5 | 4 | 5 |
OÇ-3 | 4 | 4 | 5 | 4 | 4 | 5 | 5 |
OÇ-4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
OÇ-5 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |