ECTS - Macroeconomic Theory II
Macroeconomic Theory II (ECON208) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Macroeconomic Theory II | ECON208 | 4. Semester | 3 | 0 | 0 | 3 | 6 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Compulsory Departmental Courses |
| Course Level | Bachelor’s Degree (First Cycle) |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture. |
| Course Lecturer(s) |
|
| Course Objectives | This course complements ECON 207, Macroeconomic Theory I. The main aim of ECON 208 -as well as ECON 207- is to equip students with the basic theories of macroeconomics at the intermediate level. ECON 207 and 208 also aim to provide the necessary tools as well as concepts to analyze the key problems and the related policy issues of macroeconomics. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Traditional and modern schools of thought; practical issues in policymaking; economic growth and policy implications; theories of consumption, saving and investment. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | An Overview of the Course | |
| 2 | An Overview of Traditional & Modern Schools of Thought | Handout |
| 3 | Inflation, Output and Unemployment: Alternative Views | pp. 119-142 |
| 4 | Key Issues in Policymaking | pp. 183-190, pp. 417-441 |
| 5 | Economic Growth I: Preliminaries & Harrod-Domar Model | Handout |
| 6 | Economic Growth II: Solow Model and Growth Accounting | pp. 53-76 |
| 7 | Economic Growth III: Endogenous Growth Models, Convergence & Policy Implications | pp. 78-94 |
| 8 | Mid-term Exam | |
| 9 | Theories of Consumption and Saving | pp. 317-338 |
| 10 | Theories of Investment | pp. 343-370 |
| 11 | The Demand for Money | pp. 373-392 |
| 12 | The Supply of Money, Central Bank and Monetary Policy | pp. 394-413 |
| 13 | Fiscal Policy, Budget Constraint, Deficits, Seigniorage and Debts | pp. 461-503 |
| 14 | Selected Topics & Epilogue | |
| 15 | General review | |
| 16 | Final Exam |
Sources
| Course Book | 1. Dornbusch, R., Fischer, S. and R. Startz (2008) Macroeconomics, 10th Edition, McGraw-Hill. |
|---|---|
| 2. Froyen, R. T. (2008) Macroeconomics: Theories and Policies, 9th Edition, Prentice Hall. | |
| 3. Mankiw, Gregory N. (2006) Macroeconomics, 6th Edition, Worth Publishers. | |
| 4. Snowdon, Brian, and Howard R. Vane (2005) Modern Macroeconomics: Its Origins, Development and Current State. Edward Elgar Publishing. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | - | - |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | 5 | 10 |
| Presentation | - | - |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 2 | 50 |
| Final Exam/Final Jury | 1 | 40 |
| Toplam | 8 | 100 |
| Percentage of Semester Work | 60 |
|---|---|
| Percentage of Final Work | 40 |
| Total | 100 |
Course Category
| Core Courses | |
|---|---|
| Major Area Courses | X |
| Supportive Courses | |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Acquiring the skills of understanding, explaining, and using the fundamental concepts and methods of economics | X | ||||
| 2 | Acquiring the skills of macro level economic analysis | X | ||||
| 3 | Acquiring the skills of micro level economic analysis | X | ||||
| 4 | Understanding the formulation and implementation of economic policies at the local, national, regional, and/or global level | X | ||||
| 5 | Learning different approaches on economic and related issues | X | ||||
| 6 | Acquiring the quantitative and/or qualitative techniques in economic analysis | X | ||||
| 7 | Improving the ability to use the modern software, hardware and/or technological devices | X | ||||
| 8 | Developing intra-disciplinary and inter-disciplinary team work skills | X | ||||
| 9 | Acquiring an open-minded behavior through encouraging critical analysis, discussions, and/or life-long learning | X | ||||
| 10 | Adopting work ethic and social responsibility | X | ||||
| 11 | Developing the skills of communication. | X | ||||
| 12 | Improving the ability to effectively implement the knowledge and skills in at least one of the following areas: economic policy, public policy, international economic relations, industrial relations, monetary and financial affairs. | X | ||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | 16 | 3 | 48 |
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 16 | 4 | 64 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | 5 | 5 | 25 |
| Quizzes/Studio Critics | 2 | 1 | 2 |
| Prepration of Midterm Exams/Midterm Jury | 1 | 2 | 2 |
| Prepration of Final Exams/Final Jury | 1 | 2 | 2 |
| Total Workload | 143 | ||