Information Package / Course Catalogue
Macroeconomics
Course Code: BFN502
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 comprehend the macroeconomic terms, theories and models. To obtain an ability to analyze macroeconomic events by using advanced mathematical methods. To interpret data of macroeconomics. To apply the techniques of macroeconomic analysis to historical and contemporary economic events.

Course Content

Dynamics in Aggregate Supply and Demand, Rational Expectations and Economic Policy, Anticipation Effects and Economic Policy, Government Budget Deficit, The Open Economy, Money, New Keynesian Economics, Theories of Economic Growth

Name of Lecturer(s)
Learning Outcomes
1.Being able to explain the macroeconomic terms, theories, models and policies
2.Being able to solve macroeconomic problems by using advanced mathematical methods
3.Being able to compare the theories and models of macroeconomics
4.Being able to comprehend and create mathematical economic models
5.To be able to develop policy recommendations to increase the welfare of the community by solving economic problems and to contribute to strategic planning by increasing awareness of and responsibility for the efficiency and productivity of resources.
Recommended or Required Reading
1.Felderer & Homburg (1992), Macroeconomics and New Macroeconomics, 5th Edition, Springer-Verlag Heidelberg
2.Heijdra, B. J. & F. van der Ploeg (2002), The Foundations of Modern Macroeconomics, Oxford University Press
Weekly Detailed Course Contents
Week 1 - Theoretical
Fundamentals of Economics and Macroeconomics i. Some Methodological Considerations ii. A Historical Survey iii. National Income Accounting
Week 2 - Theoretical
Some Major Theories of Macroeconomics i. The Classical Theory ii. Keynesian Theory iii. Political Implications: A Comparison
Week 3 - Theoretical
New Macroeconomics i. The Real-Balance Effect ii. The Theory of Portfolio Selection iii. Monetarism iv. New Classical Economics
Week 4 - Theoretical
Dynamics in Aggregate Supply and Demand
Week 5 - Theoretical
Rational Expectations and Economic Policy
Week 6 - Theoretical
Anticipation Effects and Economic Policy
Week 7 - Theoretical
The Macroeconomics of Quantity Rationing
Week 8 - Intermediate Exam
Mid-Term Exam
Week 9 - Theoretical
The Government Budget Deficit
Week 10 - Theoretical
Labour Market
Week 11 - Theoretical
Macroeconomic Policy, Credibility, and Politics
Week 12 - Theoretical
The Open Economy
Week 14 - Theoretical
New Keynesian Economics
Week 15 - Theoretical
Theories of Economic Growth
Week 16 - Final Exam
Final Exam
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Individual Work72228
Midterm Examination110111
Final Examination115116
TOTAL WORKLOAD (hours)125
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
OÇ-1
5
3
4
4
4
5
5
4
3
OÇ-2
5
4
4
3
4
3
4
5
4
OÇ-3
4
5
4
5
3
4
5
4
4
OÇ-4
5
4
3
4
5
4
3
4
3
OÇ-5
4
3
5
4
3
4
5
4
3
Adnan Menderes University - Information Package / Course Catalogue