Information Package / Course Catalogue
Macroeconomics II
Course Code: ECON214
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: 6
Objectives of the Course

This course aims to explain how to use monetary and fiscal policies in the face of macroeconomic problems by using Simple Keynesian Models, IS-LM Model, and AD-AS Models and how the effectiveness of these policies changes in closed and open economies. It also aims to understand the macroeconomic dimension of the business cycle, growth, and development problems.

Course Content

The main topics to be covered in the course are as follows: Simple Keynesian Model, IS-LM Model, AD-AS Model, closed and open economy models. Besides, Classical and Keynesian economic models will be compared, and critical topics, such as cyclical fluctuations, economic growth and development, will be analyzed.

Name of Lecturer(s)
Prof. Aziz BOSTAN
Learning Outcomes
1.Students will be able to explain how macroeconomic models are constructed. They will also be able to compare Classical and Keynesian models.
2.Students will be able to calculate the equilibrium level of national income in a closed economy in which expenditure-income equality in money and goods markets is achieved.
3.Students will be able to calculate the equilibrium level of national income in an open economy in which expenditure-income equality is achieved in goods markets.
4.Students will be able to calculate the equilibrium level of national income and interest rate in a closed and open economy with simultaneous equilibrium in money and goods markets.
5.Students will be able to discuss the effectiveness of monetary and fiscal policies to be applied for full employment equilibrium in case of underemployment equilibrium in a closed and open economy.
Recommended or Required Reading
1.Bocutoğlu, E. (2021). Makro iktisat Teoriler ve Politikalar. Ekin Yayınevi.
2.Bocutoğlu, E. (2021). Karşılaştırmalı Makro iktisat Teoriler ve Politikalar. Ekin Yayınevi.
3.Acemoğlu, D. Laibson, D. ve List, J. A. (2020). Makroekonomi. Beta Yayınevi.
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction to Macroeconomic Modelling
Week 2 - Theoretical
Simple Keynesian Models (SKM): Closed Economy (SKM) I
Week 3 - Theoretical
Simple Keynesian Models (SKM): Closed Economy (SKM) II
Week 4 - Theoretical
Simple Keynesian Models (SKM): Open Economy (SKM) I
Week 5 - Theoretical
Simple Keynesian Models and General Equilibrium of the Economy
Week 6 - Theoretical
IS-LM Models: Closed Economy
Week 7 - Theoretical
IS-LM Models: Effectiveness of Economic Policies in a Closed Economy
Week 8 - Theoretical
IS-LM-BP Models: Open Economy
Week 9 - Theoretical
IS-LM-BP Models: Effectiveness of Economic Policies in an Open Economy
Week 10 - Theoretical
Aggregate Demand-Aggregate Supply (AD-AS) Model
Week 11 - Theoretical
Comparison of Classical and Keynesian Macroeconomic Models
Week 12 - Theoretical
Business Cycle Fluctuations
Week 13 - Theoretical
Economic Growth
Week 14 - Theoretical
Economic Development
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory1453112
Midterm Examination110313
Final Examination120323
TOTAL WORKLOAD (hours)148
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
OÇ-1
5
5
4
2
3
2
2
4
2
3
4
4
OÇ-2
5
5
3
2
4
2
3
4
2
3
4
4
OÇ-3
5
5
3
2
4
2
3
4
2
3
4
4
OÇ-4
5
5
3
2
4
2
3
4
2
3
4
4
OÇ-5
5
5
3
2
4
2
3
4
2
3
4
5
Adnan Menderes University - Information Package / Course Catalogue
2026