COURSE UNIT TITLE

: TOPICS IN ADVANCED MACROECONOMICS

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECN 5042 TOPICS IN ADVANCED MACROECONOMICS ELECTIVE 3 0 0 6

Offered By

Economics (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR SAADET KASMAN

Offered to

Economics (English)

Course Objective

The objective is to introduce advanced macroeconomic topics such as, new trends in macroeconomic theory and policies in a global economic framework. Students are assumed to be equipped with the basic principles and analytical tools of macroeconomics such that they can make analysis on the major economic issues and problems.

Learning Outcomes of the Course Unit

1   Discuss complex macroeconomic policy issues and relate these discussions with general economic arguments.
2   Distinguish between alternative ways of analysing economic growth
3   Assess the aggregation problems associated with the interface between micro assumptions and macro
4   Apply models of economic fluctuations.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Traditional Keynesian Theories of Fluctuations
2 Traditional Keynesian Theories of Fluctuations
3 Microeconomic Foundations of incomplete nominal adjustment
4 Microeconomic Foundations of incomplete nominal adjustment
5 Consumption
6 Investment
7 Midterm
8 Unemployment
9 Inflation and Monetary Policy
10 Budget Deficits and Fiscal Policy
11 Real Business Cycle Theory
12 Infinite horizon and overlapping genereations modles
13 New growth models
14 General Overview

Recomended or Required Reading

1. Romer, David, Advanced Macroeconomics, McGraw Hill, Second Edition, 2001
2. Readings

Planned Learning Activities and Teaching Methods

1. Lectures
2. Class Discussions
3. Assignment

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 FIN FINAL EXAM
3 FCG FINAL COURSE GRADE MTE * 0.50 + FIN* 0.50
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.50 + RST* 0.50


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly define and compare different macroeconomic models.
2. The learner will discuss complex macroeconomic policy issues and relate arguments to well understood theoretical principles.
3. The learner will assess the aggregation problems associated with the interface between micro assumptions and macro formulations.
4. The learner will apply models of economic fluctuations.
5. The learner will explain the connection between real life macroeconomic developments and the theoretical framework by following news in media.

Language of Instruction

English

Course Policies and Rules

1. It is obligatory to attend at least 70% of the classes.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 13 3 39
Tutorials 13 1 13
Preparations before/after weekly lectures 13 1 13
Preparation for midterm exam 1 10 10
Preparation for final exam 1 20 20
Preparing assignments 4 10 40
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 139

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.1443
LO.245
LO.31245
LO.455

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