| Course Unit Title | Course Unit Code | Type of Course Unit | Level of Course Unit | Year of Study | Semester | ECTS Credits |
|---|---|---|---|---|---|---|
| Macroeconomics II | EKO222 | Compulsory | Bachelor's degree | 2 | Spring | 5 |
Name of Lecturer(s)
Prof. Dr. Ayhan ORHAN
Associate Prof. Dr. Erhan ORUÇ
Associate Prof. Dr. Özgür Bayram SOYLU
Learning Outcomes of the Course Unit
1) Explaining the relationship between inflation and unemployment.
2) Analyzing the effects of government debt and budget deficits on macroeconomic stability.
3) Evaluating recent controversies on the management of macroeconomic policy
4) Defining the behavioral foundations of macroeconomics.
5) Clarifying why economists disagree on macroeconomic issues.
Program Competencies-Learning Outcomes Relation
| Program Competencies | |||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | ||
| Learning Outcomes | |||||||||||
| 1 | High | High | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 2 | High | High | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 3 | High | High | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 4 | High | High | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 5 | High | High | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
Mode of Delivery
Face to Face
Prerequisites and Co-Requisites
None
Recommended Optional Programme Components
Macroeconomics I
Course Contents
This course covers inflation and unemployment (The Phillips Curve Debate), government debt and budget deficits, Keynesian revolution, monetarist counterrevolution, new Keynesians vs. new classicals, management of macroeconomic policy, behavioral foundations of macroeconomics
Weekly Schedule
1) SHORT TERM TOTAL SUPPLY MODELS: SUMMARY AND CONCLUSIONS2) cyclical fluctuations
3) KEYNESIAN CONJONCTURE THEORY
4) MONETARY CONJONCTURE THEORY
5) THE NEW CLASSIC CONJONCTURE THEORY
6) THE NEW KEYNESIAN CONJONCTURE THEORY
7) POLITICAL CONJONCTURE THEORY
8) MIDTERM
9) UNEMPLOYMENT AND INFLATION
10) UNEMPLOYMENT AND INFLATION (ANATOMY OF UNEMPLOYMENT, FULL EMPLOYMENT AND NATURAL RATE OF UNEMPLOYMENT, COSTS OF UNEMPLOYMENT, ANATOMY OF INFLATION, COSTS OF INFLATION, PHILLIPS CURVE, ALTERNATIVE STRATEGIES IN REDUCING INFLATION)
11) TWIN DEFICITS: BUDGET DEFICIT AND EXTERNAL DEFICIT
12) ECONOMIC GROWTH
13) CONSUMPTION AND SAVING
14) INVESTMENT
15) MONEY SUPPLY AND MONEY DEMAND
16) Final Exam
Recommended or Required Reading
Planned Learning Activities and Teaching Methods
1) Lecture
2) Question-Answer
Assessment Methods and Criteria
Contribution of Midterm Examination to Course Grade |
40% |
|---|---|
Contribution of Final Examination to Course Grade |
60% |
Total |
100% |
Language of Instruction
Turkish
Work Placement(s)
Not Required