Information Package / Course Catalogue
Macroeconomic Analysis
Course Code: İKP502
Course Type: Area Elective
Couse Group: Second Cycle (Master's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

To give the basic information which will provide to make advanced macro economic analysis algeabricly and to understand theoritical models analyticaly and to explain macro economic facts and events.

Course Content

Mainstream macroeconomic theory, IS-LM and AS-AD models, classical and Keynesian debates, Consumption and investment, neo-classical macroeconomics, New Keynesian macroeconomics, Keynes, Keynesian Uncertainty

Name of Lecturer(s)
Learning Outcomes
1.To be able to analyze macro economic subjects in the general equilibrum framework
2.To be able understand the algebraic approaches necessary to solve macroeconomic theories in the framework of general equilibrum
3.To be able to understand the examination the casual relationship between the variables those take place in the macro economic models
4.To be able to understand dynamic analysis between aggregate demand, supply and revenue-price
5.To be able to learn the approaches which were developped on the causes and the effects of conjunctureal waves
6.To be able learn the creation of maco economic equilibrum in an open economy conditions
7.To be able to explain the conditions necessary for the policy efficiency in an open economy conditions algebraicly
8.To be able to analyze exchange rate systems those applied in an open economy conditions
Recommended or Required Reading
1.Geoffrey J. Wyatt, Macroeconomic Models, in a Causal Framework, 2004.
2.Wendy Carlin and David Soskice Macroeconomics Imperfections, Institutions,
3.Kemal Yıldırım, vd. Makroekonomi, 2012
Weekly Detailed Course Contents
Week 1 - Theoretical
Business cycles, conjunctural situation analysis, endogenous and exogenous business cycle theories
Week 2 - Theoretical
Business cycles: general price level and labor markets
Week 3 - Theoretical
The tools and aims of economic policy, Timbergen frame, efficient market classification, tools less than aims, the constraints of active policies under uncertainty, species of uncertainty, policy making under uncertainty, prefernece of policy tools, Lucas critique
Week 4 - Theoretical
Algebraic methods intended for analyze of open macro economis theories, macro economic theories in the frame of macro economic general ewuilibrum under open economy
Week 5 - Theoretical
Balance of payments, exchange rates and economic policy, IS-MP model
Week 6 - Theoretical
Short run IS-MP model under flexible exchange rate system
Week 7 - Theoretical
Short run Is-MP model under fixed exchange rate system
Week 8 - Intermediate Exam
Mid Term
Week 9 - Theoretical
Dynamic aggregate supply and demand analysis under open economy conditions
Week 10 - Theoretical
The occurance of dynamic aggregate supply and demand, price and recenue under open economy conditions.
Week 11 - Theoretical
Financial markets, asset prices ad macroeconomy I
Week 12 - Theoretical
Tradeable and non-tradeable goods: the determinants of tradebility and classification of goods, theorical frame, aggregate supply in TNT model, aggregate demand in TNT model, market equilibrum in TNT model, Loan and repayment in TNT model
Week 13 - Theoretical
Student presentations and discussions
Week 14 - Theoretical
Student presentations and discussions
Week 15 - Theoretical
General topic review and final evaluation of the course
Week 16 - Final Exam
Fınal Exam
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory144398
Midterm Examination110313
Final Examination110313
TOTAL WORKLOAD (hours)124
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
OÇ-1
3
4
3
4
3
4
3
OÇ-2
4
3
4
3
4
3
4
OÇ-3
4
3
4
3
4
3
4
OÇ-4
4
3
5
4
3
4
3
OÇ-5
4
3
4
3
4
3
4
OÇ-6
3
3
4
4
3
4
3
OÇ-7
4
3
4
3
4
3
4
OÇ-8
4
3
4
3
4
5
3
Adnan Menderes University - Information Package / Course Catalogue