Information Package / Course Catalogue
| Economics | |||||
| Bachelor | Length of the Programme: 4 | Number of Credits: 240 | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF: Level 6 |
ECTS Course Information Package
| School/Faculty/Institute | Faculty of Economics, Administrative and Social Sciences | ||||
| Course Code | ECON 204 | ||||
| Course Title in English | Macroeconomic Theory II | ||||
| Course Title in Turkish | Makroekonomik Teori II | ||||
| Language of Instruction | EN | ||||
| Type of Course | Flipped Classroom | ||||
| Level of Course | Intermediate | ||||
| Semester | Spring | ||||
| Contact Hours per Week |
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| Estimated Student Workload | 135 hours per semester | ||||
| Number of Credits | 5 ECTS | ||||
| Grading Mode | Standard Letter Grade | ||||
| Pre-requisites |
ECON 203 - Macroeconomic Theory I |
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| Co-requisites | None | ||||
| Expected Prior Knowledge | Prior Knowledge of Macroeconomic Theory and Mathematics is expected. | ||||
| Registration Restrictions | Only Undergraduate Students | ||||
| Overall Educational Objective | To learn the theory and tools necessary to understand the aggregate economy. | ||||
| Course Description | This course focuses on the role of expectations in financial markets, in output fluctuations, in consumption and investment decisions. In the context of the course the implications of openness in goods markets and financial markets, the properties of different exchange rate regimes and current challenges in monetary and fiscal policy are also examined. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) Analyze the role of expectations in financial markets; in consumption and investment decisions; in output fluctuations; 2) Describes the implications of openness in goods and financial markets; 3) Explains the equilibrium in goods and financial markets in an open economy; 4) Demonstrate knowledge and skills in differentiating the properties of different exchange rate regimes; 5) Understanding monetary policy and fiscal policy in international setting of capital markets. |
| Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| 1) Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. | |||||
| 2) Demonstrates knowledge and skills in understanding the interactions of different areas of economics. | |||||
| 3) Displays a sound comprehension of microeconomic and macroeconomic theory. | |||||
| 4) Applies economic concepts to solve complex problems and enhance decision-making capability. | |||||
| 5) Uses quantitative techniques to analyze different economic systems. | |||||
| 6) Applies theoretical knowledge to analyze issues regarding Turkish and global economies. | |||||
| 7) Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. | |||||
| 8) Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings. | |||||
| 9) Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. | |||||
| 10) Exhibits individual and professional ethical behavior and social responsibility. | |||||
| 11) Displays learning skills necessary for further study with a high degree of autonomy |
Relation to Program Outcomes and Competences
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. | H | Exam,HW |
| 2) | Demonstrates knowledge and skills in understanding the interactions of different areas of economics. | H | Exam,HW |
| 3) | Displays a sound comprehension of microeconomic and macroeconomic theory. | H | Exam,HW |
| 4) | Applies economic concepts to solve complex problems and enhance decision-making capability. | H | Exam,HW |
| 5) | Uses quantitative techniques to analyze different economic systems. | H | Exam,HW |
| 6) | Applies theoretical knowledge to analyze issues regarding Turkish and global economies. | H | |
| 7) | Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. | N | |
| 8) | Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings. | S | Exam,HW |
| 9) | Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. | H | Exam,HW |
| 10) | Exhibits individual and professional ethical behavior and social responsibility. | S | Exam,HW |
| 11) | Displays learning skills necessary for further study with a high degree of autonomy | S | Exam,HW |
| Prepared by and Date | NAZLI KARAMOLLAOĞLU , November 2023 |
| Course Coordinator | NAZLI KARAMOLLAOĞLU |
| Semester | Spring |
| Name of Instructor | Assoc. Prof. Dr. NAZLI KARAMOLLAOĞLU |
Course Contents
| Week | Subject |
| 1) | Introduction |
| 2) | Financial Markets and Expectations (Bonds) |
| 3) | Financial Markets and Expectations (Stocks) |
| 4) | Expectations, Consumption, and Investment |
| 5) | Expectations, Output, and Policy |
| 6) | Openness in Goods and Financial Markets |
| 7) | The Goods Market in an Open Economy |
| 8) | Review and Midterm |
| 9) | Output, the Interest Rate, and the Exchange Rate |
| 10) | Exchange Rate Regimes |
| 11) | Should Policymakers Be Restrained? |
| 12) | Fiscal Policy: A Summing Up |
| 13) | Monetary Policy: A Summing Up |
| 14) | Review |
| 15) | Final Examination Period |
| 16) | Final Examination Period |
| Required/Recommended Readings | Macroeconomics, by Oliver Blanchard Pearson, 8th edition. | |||||||||||||||
| Teaching Methods | Flipped classroom | |||||||||||||||
| Homework and Projects | Homework and Quizzes | |||||||||||||||
| Laboratory Work | None | |||||||||||||||
| Computer Use | None | |||||||||||||||
| Other Activities | None | |||||||||||||||
| Assessment Methods |
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| Course Administration |
karamollaoglun@mef.edu.tr More detailed information about the course, like office hours, can be found on the blackboard. Attendance is required. Academic Dishonesty and Plagiarism: YOK Regulation |
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ECTS Student Workload Estimation
| Activity | No/Weeks | Hours | Calculation | ||||
| No/Weeks per Semester | Preparing for the Activity | Spent in the Activity Itself | Completing the Activity Requirements | ||||
| Course Hours | 14 | 1.5 | 3 | 2 | 91 | ||
| Homework Assignments | 10 | 1 | 1 | 20 | |||
| Quiz(zes) | 4 | 1 | 0.5 | 6 | |||
| Midterm(s) | 1 | 6 | 2 | 8 | |||
| Final Examination | 1 | 10 | 2 | 12 | |||
| Total Workload | 137 | ||||||
| Total Workload/25 | 5.5 | ||||||
| ECTS | 5 | ||||||