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| IPOZ5025 | Macroeconomic Analysis. | 3+0+0 | ECTS:7.5 | | Year / Semester | Fall Semester | | Level of Course | Second Cycle | | Status | Compulsory | | Department | DEPARTMENT of ECONOMICS | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | Prof. Dr. Yakup KÜÇÜKKALE | | Co-Lecturer | NA | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | The main aim of Macroeconomic Analysis course is to understand (and to gain) the methods in widely used in macroeconomic analysis. |
| Programme Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | PO - 1 : | understand the macroeconomic analysis methods, | 5,6 | 1 | | PO - 2 : | gain the main methods of macroeconomic analysis, | 5,6 | 1 | | PO - 3 : | understand the main differences between macroeconomic analysis methods, | 5,6 | 1 | | PO - 4 : | apply the macroeconomic analysis methods to different problems, | 5,6 | 1 | | PO - 5 : | understand the macroeconomic evolutionary progress. | 5,6 | 1 | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), PO : Learning Outcome | | |
| Classic macroeconomic analysis, Say law, quantity law of Money, Keynesian macroeconomy, demand side analysis of economy, main differences between classical and Keynesian macroenomic analysis, 1929 Great Depression, voiding Keynesian approach and raising monetarism, stagflation, expectations in economic analysis, adaptive expectations, rational expectations and economic analysis methods out of mainstream methods. |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | An introduction to macroeconomic analysis methods | | | Week 2 | Say law and Walrasian general equilibrium | | | Week 3 | Quantity theory of Money, Fisher and Cambridge approaches | | | Week 4 | 1929 Great Depression and raising Keynesian macroeconomic analysis method | | | Week 5 | An introduction to demand-side macroeconomics | | | Week 6 | Wage rigidities and its effects on labor markets | | | Week 7 | Price rigidities and its effects on market-clearing | | | Week 8 | 1970's and the stagflation problem | | | Week 9 | Mid-term exam | | | Week 10 | Original Phillips Curve | | | Week 11 | Monetarism and the expectations | | | Week 12 | Advanced Phillips curve | | | Week 13 | Adaptive Expectation Theory | | | Week 14 | Rational Expectations Theory | | | Week 15 | Non-main stream macroeconomic analysis | | | Week 16 | End-term exam | | | |
| 1 | Ünsal, Erdal M., Makroekonomi, Genişletilmiş 11. Baskı, Murat Yayınları, 2018, Ankara. | | | |
| 1 | Scarth, William M., Macroeconomics: an Introduction to Advanced Methods, International Thomson Publishing, 1996. | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 01/11/2018 | 1 | 50 | | End-of-term exam | 16 | 07/01/2019 | 1 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 3 | 14 | 42 | | Sınıf dışı çalışma | 8 | 14 | 112 | | Arasınav için hazırlık | 10 | 1 | 10 | | Arasınav | 2 | 1 | 2 | | Uygulama | 12 | 4 | 48 | | Ödev | 1 | 1 | 1 | | Dönem sonu sınavı için hazırlık | 8 | 1 | 8 | | Dönem sonu sınavı | 2 | 1 | 2 | | Total work load | | | 225 |
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