Information Package / Course Catalogue
Open Economy Macro Theories
Course Code: ECO408
Course Type: Area Elective
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

The aim of this lesson is to analyze the macro economy policy and its result, which are seen in a closed economy, in an open economy and so to put forward whether the results in a closed economy is valid in an open economy.

Course Content

Balance of Payments, Exchange Market, Exchange Rate Systems, International Fiscal Investments and Crisis, Balance of Payments, Interest Rate and Income: IS-LM-BP...

Name of Lecturer(s)
Learning Outcomes
1.Knows in an open economy the basic concepts of this course.
2.Followingly comments developments in foreign exchange rate.
3.Comments the balance of payments.
4.Analyzes approaches .in open economies by comparing.
5.Knows the basic institutions of international markets.
Recommended or Required Reading
1.Erdal M. ÜNSAL, Uluslararası İktisat: Teori, Politika ve Açık Ekonomi Makro İktisadı, İmaj Yayıncılık, Ankara, 2005.
2.Mevlidiye ŞİMŞEK, Dışa Açık Ekonomilerde İktisat Politikaları, Türkmen Kitapevi, İstanbul, 2005.
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction
Week 2 - Theoretical
Balance of Payments
Week 3 - Theoretical
Exchange Market
Week 4 - Theoretical
Exchange Rate Systems
Week 5 - Theoretical
Price Mechanism
Week 6 - Theoretical
Income Mechanism
Week 7 - Theoretical
International Fiscal Investments and Crisis
Week 8 - Theoretical
International Fiscal Investments and Crisis
Week 9 - Theoretical
Balance of Payments, Interest Rate and Income: IS-LM-BP
Week 10 - Theoretical
Balance of Payments Interest Rate and Income: IS-LM-BP
Week 11 - Theoretical
Economy Policy in Fixed Exchange Rate
Week 12 - Theoretical
Economy Policy in Flexible Exchange Rate
Week 13 - Theoretical
Price Level and Economy Policy : AD-AS, Exogenous Shocks
Week 14 - Theoretical
Price Level and Economy Policy : AD-AS, Exogenous Shocks
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory140342
Reading140228
Individual Work140342
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
3
2
2
2
2
OÇ-2
5
3
4
4
2
3
2
2
2
OÇ-3
5
4
4
5
3
2
2
2
2
OÇ-4
5
3
4
4
2
3
2
2
2
OÇ-5
5
4
4
5
3
2
2
2
2
Adnan Menderes University - Information Package / Course Catalogue
2026