ECTS - Applied Macroeconomics
Applied Macroeconomics (ECON506) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Applied Macroeconomics | ECON506 | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| ECON 505 |
| Course Language | Turkish |
|---|---|
| Course Type | N/A |
| Course Level | Ph.D. |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Discussion, Question and Answer, Drill and Practice, Problem Solving, Brain Storming. |
| Course Lecturer(s) |
|
| Course Objectives | To develop the ability to analyze and comment on macroeconomic issues. Dynamic stochastic general equilibrium models aim to understand how the economy moves as a whole. By ensuring the use of necessary technical tools, neoclassical model applications, monetary and fiscal policy models under the assumption of price rigidity will be examined. |
| Course Learning Outcomes |
The students who succeeded in this course; |
| Course Content | Modern and traditional schools in macroeconomics, economic growth models, growth accounting, production function, Okun`s law, Phillips curve, consumption, investment and saving behavior and macroeconomic applications, money demand theory and its applications, public budget constraint; deficit, debts, balance of payments and current deficit problems |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | General Review | |
| 2 | Time series, filtering | |
| 3 | Zaman serileri, filtreleme | |
| 4 | General equilibrium model solution methods, introduction of tools: Octave and Dynare | |
| 5 | General equilibrium model solution methods, introduction of tools: Octave and Dynare | |
| 6 | Neoclassical model solution and Dynare application | |
| 7 | Neoclassical model solution and Dynare implementation | |
| 8 | Neoclassical model application: Aguiar-Gopinath (2007) model | |
| 9 | Neoclassical model application: Aguiar-Gopinath (2007) model | |
| 10 | New Keynesian model solution and Dynare implementation | |
| 11 | New Keynesian model solution and Dynare implementation | |
| 12 | Monetary and fiscal policy applications | |
| 13 | Monetary and fiscal policy applications |
Sources
| Course Book | 1. Woodford, M. (2003). Interest and Prices: Foundations of a Theory of Monetary Policy, Princeton University Press. |
|---|---|
| 2. Gali, J. (2015). Monetary Policy, In ation, and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | 1 | 20 |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | 1 | 80 |
| Presentation | - | - |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | - | - |
| Final Exam/Final Jury | - | - |
| Toplam | 2 | 100 |
| Percentage of Semester Work | 70 |
|---|---|
| Percentage of Final Work | 30 |
| Total | 100 |
Course Category
| Core Courses | X |
|---|---|
| Major Area Courses | |
| Supportive Courses | |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | To compare main theories and/or approaches in political economy and make a critical evaluation of each | |||||
| 2 | To compare main macroeconomic theories and/or approaches and make a critical evaluation of each | |||||
| 3 | To use complementary approaches from other relevant disciplines (e.g. political science, sociology) in order to solve problems requiring scientific expertise | |||||
| 4 | To develop the skills for establishing a micro-macro link in human and social sciences | |||||
| 5 | To analyze the main economic indicators and comment on them | |||||
| 6 | To acquire theoretical knowledge through literature survey and derive empirically testable hypothesis | |||||
| 7 | To be able to develop new approaches/theories for complex problems in political economy | |||||
| 8 | To apply critical thinking, statistical/econometric tools or other relevant quantitative and qualitative tools to new areas/problems | |||||
| 9 | To make a research design and carry it out within predetermined time frames | |||||
| 10 | To formulate and present policy recommendations based on academic research | |||||
| 11 | To continue learning and undertake advanced research independently | |||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | |||
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | |||
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | |||
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | |||
| Prepration of Final Exams/Final Jury | |||
| Total Workload | 0 | ||