Modern Business Cycle Theories
Economics
Institute of Social Sciences
Third Cycle (Doctorate Degree)
| Course Unit Title | Course Unit Code | Type of Course Unit | Level of Course Unit | Year of Study | Semester | ECTS Credits |
|---|---|---|---|---|---|---|
| Modern Business Cycle Theories | IKT123 | Elective | Doctorate degree | 1 | Fall | 6 |
Name of Lecturer(s)
Associate Prof. Dr. Vedat CENGİZ
Learning Outcomes of the Course Unit
1) Students will be able to evaluate the causes of cyclical fluctuations.
2) Students will be able to evaluate the difference of modern business cycle theories.
3) Students will be able to evaluate how new economics schools explain cyclical fluctuations.
4) Students will be able to identify the shortcomings of modern business cycle theories.
5) Students will be able to predict the course of cyclical fluctuations.
Program Competencies-Learning Outcomes Relation
| Program Competencies | ||||
| 1 | 2 | 3 | ||
| Learning Outcomes | ||||
| 1 | High | High | High | |
| 2 | High | High | High | |
| 3 | High | High | High | |
| 4 | High | High | High | |
| 5 | Middle | Middle | Middle | |
Mode of Delivery
Face to Face
Prerequisites and Co-Requisites
None
Recommended Optional Programme Components
Advanced Macroeconomic Analysis
Course Contents
Theories explaining economic fluctuations, the distinction between traditional and modern business cycle theories, reasons of fluctuations of macroeconomic variables such as employment, consumption, investment, views of various economics schools on economic fluctuation.
Weekly Schedule
1) Introduction, Introductory material2) Cyclical fluctuations
3) Causes of cyclical fluctuations
4) Traditional business cycle theories
5) Modern business cycle theories
6) Monetary business cycle theories
7) Rational expectations and monetary business cycle theories
8) Mid-term exam
9) Real business cycle theory
10) New Keynesian business cycle theories
11) Political business cycle theories
12) Opportunistic and partisan models
13) Cyclical fluctuations in Turkey
14) Country cases
15) Class presentation of student projects
16) Final exam
Recommended or Required Reading
1- Çeşitli makale ve raporlar
Planned Learning Activities and Teaching Methods
1) Lecture
2) Question-Answer
3) Discussion
4) Brain Storming
5) Case Study
6) Self Study
7) Problem Solving
Assessment Methods and Criteria
Contribution of Semester Studies to Course Grade |
20% |
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Contribution of Final Examination to Course Grade |
80% |
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Total | 100% | |||||||||||
Language of Instruction
Turkish
Work Placement(s)
Not Required