Information Package / Course Catalogue
Macroeconomics II
Course Code: ECO204
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

Macroeconomy for a long time in two different thought/belief is to be classical and Keynesian. The establishments of both models are shaping the beliefs and policies. The target of Macroeconomics II course is to demonstrate and teach how the models taught in Macroeconomics I course are constructed by different doctrines, what are the sources of these differences.

Course Content

Classic Model Analysis, Micro-Foundations of Keynesian Economics, Monetarism, New Classical Economics, Post Keynesian Economics…

Name of Lecturer(s)
Lec. Elif Meryem YURDAKUL ŞİPAL
Learning Outcomes
1.Knows the differences between classical and Keynesian equilibrium concepts.
2.Analyzes the role of expectations on both quantity and price.
3.Knows which results of the analysis will be valid under the assumptions of different doctrines.
4.Accordingly, analyzes the impact and consequences of the policies implemented and predicts about the economy.
5. Explain the basic macroeconomic problems
Recommended or Required Reading
1.Kemal YILDIRIM - Doğan KAHRAMAN - Murat TAŞDEMİR – Makroekonomi, Seçkin Yayıncılık.
2.N. Gregory MANKIW, Makro Ekonomi, Efil Yayınevi.
3.Rudiger DORNBUSH - Stanley FISCHER, Makro Ekonomi, Akademi Yayınları.
4.Erdal M. ÜNSAL, Makro İktisat, İmaj Yayınevi.
5.Merih PAYA - Makro İktisat, Türkmen Kitabevi.
Weekly Detailed Course Contents
Week 1 - Theoretical
AD-AS Model: Introduction to Aggregate Demand and Aggregate Supply
Week 2 - Theoretical
AD-AS Model: Stock of Wealth, Aggregate Demand and the Pigou Effect
Week 3 - Theoretical
AD-AS Model: Short-Run Aggregate Supply Models
Week 4 - Theoretical
Economic Fluctuations: Business Cycles, Keynesian and Monetarist Business Cycle Theories
Week 5 - Theoretical
Economic Fluctuations: New Classical, New Keynesian and Political Cycle Theories
Week 6 - Theoretical
Fundamental Problems: Unemployment and Inflation
Week 7 - Theoretical
Unemployment and Inflation: Phillips Curve
Week 8 - Theoretical
Unemployment and Inflation: Phillips Curve
Week 9 - Theoretical
Stagflation, Hyperinflation, Alternative Strategies for Reducing Inflation
Week 10 - Theoretical
Twin Deficits [Budget Deficits and External Deficits] Public Finance, Budget Constraint and Financing of Deficits
Week 11 - Theoretical
Twin Deficits [Budget Deficits and External Deficits] Budget Deficit-Inflation Relationship
Week 12 - Theoretical
Twin Deficits [Budget Deficits and External Deficits] A Supply Side Economy Approach in Fiscal Policy
Week 13 - Theoretical
Microeconomic Fundamentals: Consumption and Savings
Week 14 - Theoretical
Microeconomic Fundamentals: Investment
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory140342
Reading140114
Individual Work140456
Midterm Examination115116
Final Examination121122
TOTAL WORKLOAD (hours)150
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
PÇ-13
PÇ-14
PÇ-15
OÇ-1
5
4
4
5
4
5
2
2
2
OÇ-2
5
4
3
4
3
5
2
3
2
OÇ-3
5
4
4
5
4
5
2
2
2
OÇ-4
5
4
3
4
3
5
2
3
2
OÇ-5
3
2
3
2
3
4
2
Adnan Menderes University - Information Package / Course Catalogue
2026