Applied Macroeconomics (ECON506) Course Detail

Course Name	Course Code	Season	Lecture Hours	Application Hours	Lab Hours	Credit	ECTS
Applied Macroeconomics	ECON506	General Elective	3	0	0	3	5

Pre-requisite Course(s)
N/A

Course Language	Turkish
Course Type	Elective Courses
Course Level	Social Sciences Master's Degree
Mode of Delivery	Face To Face
Learning and Teaching Strategies	Lecture, Discussion, Question and Answer, Drill and Practice, Problem Solving, Brain Storming.
Course Coordinator
Course Lecturer(s)	Asst. Prof. Dr. Mehmet Fatih Ekinci
Course Assistants
Course Objectives	To develop the ability to analyze and comment on macroeconomic issues. Dynamic stochastic general equilibrium models aim to understand how the economy moves as a whole. By ensuring the use of necessary technical tools, neoclassical model applications, monetary and fiscal policy models under the assumption of price rigidity will be examined.
Course Learning Outcomes	The students who succeeded in this course;
Course Content	Modern and traditional schools in macroeconomics, economic growth models, growth accounting, production function, Okun`s law, Phillips curve, consumption, investment and saving behavior and macroeconomic applications, money demand theory and its applications, public budget constraint; deficit, debts, balance of payments and current deficit problems

Weekly Subjects and Releated Preparation Studies

Week	Subjects	Preparation
1	General Review
2	Time series, filtering
3	Zaman serileri, filtreleme
4	General equilibrium model solution methods, introduction of tools: Octave and Dynare
5	General equilibrium model solution methods, introduction of tools: Octave and Dynare
6	Neoclassical model solution and Dynare application
7	Neoclassical model solution and Dynare implementation
8	Neoclassical model application: Aguiar-Gopinath (2007) model
9	Neoclassical model application: Aguiar-Gopinath (2007) model
10	New Keynesian model solution and Dynare implementation
11	New Keynesian model solution and Dynare implementation
12	Monetary and fiscal policy applications
13	Monetary and fiscal policy applications

Sources

Course Book	1. Woodford, M. (2003). Interest and Prices: Foundations of a Theory of Monetary Policy, Princeton University Press.
	2. Gali, J. (2015). Monetary Policy, In ation, and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press.

Evaluation System

Requirements	Number	Percentage of Grade
Attendance/Participation	1	20
Laboratory	-	-
Application	-	-
Field Work	-	-
Special Course Internship	-	-
Quizzes/Studio Critics	-	-
Homework Assignments	1	80
Presentation	-	-
Project	-	-
Report	-	-
Seminar	-	-
Midterms Exams/Midterms Jury	-	-
Final Exam/Final Jury	-	-
Toplam	2	100

Percentage of Semester Work	70
Percentage of Final Work	30
Total	100

Course Category

Core Courses	X
Major Area Courses
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
#	Program Qualifications / Competencies	1	2	3	4	5
1	Have advanced level of knowledge about the field of Public Finance-Tax in order to gain practical gains.
2	He/she can identify the issues related to Finance-Tax area by considering them within the framework of a method and report and evaluate them from an analytical point of view.
3	Able to understand, interpret and analyze economic and financial events, equipped with knowledge of certain disciplines, especially economics, business and law
4	Develops policies and strategies for the solution of problems by establishing the cause-effect relationship related to financial and economic problems through theoretical information and current discussions, by making financial analyzes.
5	By establishing the relationship of public financial management and budget theory with public policies, he/she makes strong budget analysis, develops analyzes on public finance and establishes the policy implementation relationship.
6	Understanding tax theory, learning the legal background, following the developments and gaining a professional competence in tax matters effectively develop it.
7	Have knowledge of accounting systems in private and public institutions and businesses, analyze and interpret the financial and financial structure of businesses with the knowledge and competence gained.
8	Gain knowledge of macroeconomic structure and growth theory, including theoretical and country examples, and evaluate economic developments from a theoretical perspective.
9	Can use foreign language in financial and economic fields, follow international literature, communicate on professional issues.
10	By using information technologies, digital developments and common software, it benefits from technological developments in studies specific to its field.
11	It uses qualitative and quantitative methods necessary for the analysis of economic, financial, social and institutional events.
12	While fulfilling its academic and professional responsibilities, the United Nations develops an approach that respects sustainable development goals, fundamental freedoms, disadvantaged groups, the environment, cultural and moral values.

ECTS/Workload Table

Activities	Number	Duration (Hours)	Total Workload
Course Hours (Including Exam Week: 16 x Total Hours)
Laboratory
Application
Special Course Internship
Field Work
Study Hours Out of Class
Presentation/Seminar Prepration
Project
Report
Homework Assignments
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury
Prepration of Final Exams/Final Jury
Total Workload			0