Applied Macroeconomics (ECON506) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Applied Macroeconomics ECON506 General Elective 3 0 0 3 5
Pre-requisite Course(s)
N/A
Course Language Turkish
Course Type Elective Courses
Course Level Social Sciences Master's Degree
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion, Question and Answer, Drill and Practice, Problem Solving, Brain Storming.
Course Coordinator
Course Lecturer(s)
  • Asst. Prof. Dr. Mehmet Fatih Ekinci
Course Assistants
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 Can compare basic microeconomic theories and approaches and evaluate them with a critical perspective" X
2 Can compare basic macroeconomic theories and approaches and evaluate them with a critical perspective X
3 Applies mathematical modeling X
4 Analyzes economic phenomena using statistical and econometric methods X
5 Can analyze and interpret basic economic indicators X
6 Can access theoretical knowledge by conducting literature review and formulate an empirically verifiable hypothesis X
7 Can design a research project and conduct the research within the specified time frame X
8 Can develop new approaches for solving complex problems in the field of applied economics X
9 Develops and can recommend appropriate policies based on academic research results X
10 Can evaluate by combining economic knowledge with information obtained from other disciplines to solve problems X
11 Can use information technology effectively X
12 Acquires the ability to conduct independent research and learn X

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