Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS Credits
2ECON 506Macroeconomic Theory3+0+038

Course Details
Language of Instruction English
Level of Course Unit Master's Degree
Department / Program MSc Program in Financial Economics (Thesis) (English)
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course This course aims
1. to introduce monetary intertemporal model in order to study the role of currency and the banking system in transactions, the effects of changes in the quantity of money and monetary policy.
2. to emphasize the role of monetary policy
3. to deliver the issues of smoothing business cycles
4. to build the skills of examining different models of business cycles.
5. to demonstrate how to derive intuitive comments from the analytical solutions of these models.
6. to promote students to read, contemplate on discuss pieces from the related literature
7. to encourage students to convey their arguments related to money, banking, inflation, business cycles and international macroeconomics through participation.
Course Content The main objective of this course is to help you develop a consistent way of thinking about some key macroeconomic phenomena.
The coursework will be structured around the following questions
• What are the determinants of international macroeconomics?
• How do we describe a money, business cycles and monetary policy? What are the determinants of money, banking and inflation?
• How are exchange rates established?
• What drives stickiness in prices? What explains inflation? What are the role of money in the economy, the effects of money growth on inflation and aggregate economic activity?
Course Methods and Techniques
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Prof.Dr. Muhittin Kaplan
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Williamson, S. Macroeconomics 6th Edition
Williamson, S. Macroeconomics 6th Edition

Course Category
Mathematics and Basic Sciences %20
Social Sciences %10
Field %70

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 35
Attendance 14 % 15
Final examination 1 % 50
Total
16
% 100

 
ECTS Allocated Based on Student Workload
Veri yok

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Para, bankacılık, enflasyon, iş çevrimlerini tanımlamak.
2 Bu problemleri çözmek ve bunların makroekonomi üzerindeki etkilerini yorumlamak
3 Explain what money and inflation are
4 Make use of different models to understand money, inflation, monetary policy.
5 Analyze the effects of changes in the quantity of money and monetary policy, price stickiness, and exchange rates.


Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Measurement, Measuring GDP Chapters 2 in Williamson Chapters 2 in Williamson
2 Measurement, Measuring GDP Business Cycle Measurement Chapters 2 in Williamson Chapters 3 in Williamson Chapters 2 in Williamson Chapters 3 in Williamson
3 Business Cycle Measurement Chapter 3 in Williamson Chapter 3 in Williamson
4 Money, Banking, Prices and Monetary Policy Chapter 12 in Williamson Chapter 12 in Williamson
5 Money, Banking, Prices and Monetary Policy Chapter 12 in Williamson Chapter 12 in Williamson
6 Business Cycles Models with Flexible Prices and Wages Chapter 13 in Williamson Chapter 13 in Williamson
7 Business Cycles Models with Flexible Prices and Wages Chapter 13 in Williamson Chapter 13 in Williamson
8 Midterm Exam Williamson Chapters 2, 3, 12, 13 Williamson Chapters 2, 3, 12, 13
9 New Keynesian Economics: Sticky Prices Chapter 14 in Williamson Chapter 14 in Williamson
10 Inflation: Phillips Curves and Neo-Fisherism Chapter 15 in Williamson Chapter 15 in Williamson
11 Inflation: Phillips Curves and Neo-Fisherism International Trade in Goods and Assets Chapter 15 in Williamson Chapter 16 in Williamson Chapter 15 in Williamson Chapter 16 in Williamson
12 International Trade in Goods and Assets Chapter 16 in Williamson Chapter 16 in Williamson
13 Money in the Open Economy Chapter 17 in Williamson Chapter 17 in Williamson
14 Money in the Open Economy Chapter 17 in Williamson Chapter 17 in Williamson


Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9
C1
C2
C3
C4
C5

Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant


https://obs.ihu.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=248899&lang=en