ECON 204 Macroeconomic Theory IIMEF UniversityDegree Programs EconomicsGeneral Information For StudentsDiploma SupplementErasmus Policy Statement
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
Lecture: 3 Recitation: 0 Lab: 0 Other: 0
Estimated Student Workload 135 hours per semester
Number of Credits 5 ECTS
Grading Mode Standard Letter Grade
Pre-requisites ECON 203 - Macroeconomic Theory I
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 Competences

Upon 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 ReadingsMacroeconomics, by Oliver Blanchard Pearson, 8th edition.
Teaching MethodsFlipped classroom
Homework and ProjectsHomework and Quizzes
Laboratory WorkNone
Computer UseNone
Other ActivitiesNone
Assessment Methods
Assessment Tools Count Weight
Quiz(zes) 4 % 10
Midterm(s) 1 % 40
Final Examination 1 % 50
TOTAL % 100
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

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