COURSE UNIT TITLE

: MACROECONOMIC ANALYSIS I

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
FIB 5121 MACROECONOMIC ANALYSIS I ELECTIVE 3 0 0 6

Offered By

Financial Economics and Banking

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

ASSISTANT PROFESSOR ASLI SEDA KURT

Offered to

Financial Economics and Banking

Course Objective

To give information which will provide the algebraic and analytic analysis of the relationship that is the base for macroeconomic theories for the production of models which is based on macroeconomic variables

Learning Outcomes of the Course Unit

1   To be able to understand theoritical models and explain macro economic facts and events
2   To be able to learn the algeabric approaches which is necessary to examine general equilibrum in the framework of macro economic theories
3   To be able to understand the examination based on the casual relationship between the variables in the macro economic models
4   To be able to learn the dynamic analysis of relationships between aggregate demand and supply and revenue - price level
5   To be able to learn the approaches that were developped about consumption, savings, investment, budget and inflation.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Conceptual discussion, A historical and methodological evaluation
2 Basic discussion subjects in macroeconomics, production function, Labor market equilibrum, the background of aggregate supply, Classical, Keynesian, Neo-Keynesian, Neo-Classical aggregate demand curve, Aggregate demand and equilibrum in the economy, consumption and savings
3 Consumption and savings (keynes and the absolute income hypothesis, intertemporal consumption preference hypotesis of Fisher, life time income hypothesis, permenat income hypothesis, Robert Hall's random walk hypothesis)
4 Consumption and savings (total consumption and national saving rates, consumption, interest and saving rates, savings of business and the saving of the houshold, the problems of the modern consumption hypothesis, the liquidity constraints of household and consumption theory, MPS model)
5 Investment (capital and investment types, fixed capital investments, production functions and investment decision of household, the role of the expectations, present value and mariginal efficiency of capital, optimum or desired capital stock, the rental cost of the capital)
6 Saving, investment and current account (relationship between saving, investment and current account, current account and international trade, the determinants of current account, the intertemporal budget constraints of a country, the limits of foreign loan and borrow)
7 Government sector (government income and consumption, budget deficit and government loans, the effects of government loans: different views (pessimist - traditional view, optimist , ricardian view)
8 Government sector (government income and consumption, budget deficit and government loans, the effects of government loans: different views (pessimist - traditional view, optimist , ricardian view)
9 Government sector (the budget constraint of government and the financing of the deficits, the effects of financing with money and loan, the sustainability of government deficits)
10 Budget deficit and inflation, supply side economic approach in the fiscal policy, IS - LM model under the budget constraint of government, government budget and current account)
11 Money supply, money demand, exchange rate and prices
12 Inflation: fiscal and monetary ways (budget deficits and inflation, open and money supply - collecting real seniorageand inflation
13 Inflation: fiscal and monetary ways (budget deficits and inflation, open and money supply - collecting real seniorageand inflation
14 Macro economic policies in the closed economy - general evaluation

Recomended or Required Reading

Main Sources:
Snowdon, B. ve H. R. Vane, (2005), Modern Macroeconomics Its Origins, Development and Current State, ABD: Edward Elgar.
Sachs, J.D. ve F.Larrain B. (1993), Macroeconomics in the Global Economy, Printice Hall, Englewood Cliffs, New Jersey.
Cobham,D. (1998)i Macroeconomic Analysis:An Intermediate Text, Pearson Education Ltd., England.
Gillman, M/ (2011), Advanced Modern Macroeconomics: Analysis and Application.

Planned Learning Activities and Teaching Methods

It is important to participate and attendance especially those who are required to take the course and it is an important factor to determine midterm and end of the period performance.Each participant as well as active participation in classes, are required to prepare a research project with in the scope of the course. Course will be taught with verbal presentation and discussion method.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.20 + FIN* 0.50
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.20 + RST* 0.50


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

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

asliseda.kurt@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lecture 13 3 39
Pre and after class preparations 13 3 39
Preparation to mid term 1 15 15
Preparation of homework 1 25 25
Preparation to final exam 1 20 20
Final Exam 1 3 3
Mid term 1 3 3
TOTAL WORKLOAD (hours) 144

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.1354
LO.23411
LO.342
LO.45
LO.554

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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