Macroeconomic Theory II (ECON208) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Macroeconomic Theory II ECON208 3 0 0 3 6
Pre-requisite Course(s)
Course Language English
Course Type N/A
Course Level Bachelor’s Degree (First Cycle)
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture.
Course Coordinator
Course Lecturer(s)
  • Assoc. Prof. Dr. Mehmet Fatih EKİNCİ
Course Assistants
Course Objectives This course complements ECON 207, Macroeconomic Theory I. The main aim of ECON 208 -as well as ECON 207- is to equip students with the basic theories of macroeconomics at the intermediate level. ECON 207 and 208 also aim to provide the necessary tools as well as concepts to analyze the key problems and the related policy issues of macroeconomics.
Course Learning Outcomes The students who succeeded in this course;
  • To learn the basic models of modern macroeconomics at the intermediate level.
  • To explain the main differences between the competing traditional and modern schools of thought in macroeconomics.
  • To learn the methodology of macroeconomic analysis.
  • To learn how to apply the basic models and concepts to explain the key events and problems in the Turkish economy and world economy.
  • To learn the micro-foundations of modern macroeconomics.
Course Content Traditional and modern schools of thought; practical issues in policymaking; economic growth and policy implications; theories of consumption, saving and investment.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 An Overview of the Course
2 An Overview of Traditional & Modern Schools of Thought Handout
3 Inflation, Output and Unemployment: Alternative Views pp. 119-142
4 Key Issues in Policymaking pp. 183-190, pp. 417-441
5 Economic Growth I: Preliminaries & Harrod-Domar Model Handout
6 Economic Growth II: Solow Model and Growth Accounting pp. 53-76
7 Economic Growth III: Endogenous Growth Models, Convergence & Policy Implications pp. 78-94
8 Mid-term Exam
9 Theories of Consumption and Saving pp. 317-338
10 Theories of Investment pp. 343-370
11 The Demand for Money pp. 373-392
12 The Supply of Money, Central Bank and Monetary Policy pp. 394-413
13 Fiscal Policy, Budget Constraint, Deficits, Seigniorage and Debts pp. 461-503
14 Selected Topics & Epilogue
15 General review
16 Final Exam


Course Book 1. Dornbusch, R., Fischer, S. and R. Startz (2008) Macroeconomics, 10th Edition, McGraw-Hill.
2. Froyen, R. T. (2008) Macroeconomics: Theories and Policies, 9th Edition, Prentice Hall.
3. Mankiw, Gregory N. (2006) Macroeconomics, 6th Edition, Worth Publishers.
4. Snowdon, Brian, and Howard R. Vane (2005) Modern Macroeconomics: Its Origins, Development and Current State. Edward Elgar Publishing.

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation - -
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments 5 10
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 2 50
Final Exam/Final Jury 1 40
Toplam 8 100
Percentage of Semester Work 60
Percentage of Final Work 40
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 Acquiring the skills of understanding, explaining, and using the fundamental concepts and methods of economics X
2 Acquiring the skills of macro level economic analysis X
3 Acquiring the skills of micro level economic analysis X
4 Understanding the formulation and implementation of economic policies at the local, national, regional, and/or global level X
5 Learning different approaches on economic and related issues X
6 Acquiring the quantitative and/or qualitative techniques in economic analysis X
7 Improving the ability to use the modern software, hardware and/or technological devices X
8 Developing intra-disciplinary and inter-disciplinary team work skills
9 Acquiring an open-minded behavior through encouraging critical analysis, discussions, and/or life-long learning X
10 Adopting work ethic and social responsibility X
11 Developing the skills of communication. X
12 Improving the ability to effectively implement the knowledge and skills in at least one of the following areas: economic policy, public policy, international economic relations, industrial relations, monetary and financial affairs. X

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Special Course Internship
Field Work
Study Hours Out of Class 16 4 64
Presentation/Seminar Prepration
Homework Assignments 5 5 25
Quizzes/Studio Critics 2 1 2
Prepration of Midterm Exams/Midterm Jury 1 2 2
Prepration of Final Exams/Final Jury 1 2 2
Total Workload 143