ECTS - Applied Macroeconomics
Applied Macroeconomics (ECON506) Course Detail
Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
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Applied Macroeconomics | ECON506 | General Elective | 3 | 0 | 0 | 3 | 5 |
Pre-requisite Course(s) |
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ECON 505 |
Course Language | Turkish |
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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 Lecturer(s) |
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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 |
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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. |
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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 |
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Percentage of Final Work | 30 |
Total | 100 |
Course Category
Core Courses | X |
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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 | Have advanced level of knowledge about the field of Public Finance-Tax in order to gain practical gains. | |||||
2 | He/she can identify the issues related to Finance-Tax area by considering them within the framework of a method and report and evaluate them from an analytical point of view. | |||||
3 | Able to understand, interpret and analyze economic and financial events, equipped with knowledge of certain disciplines, especially economics, business and law | |||||
4 | Develops policies and strategies for the solution of problems by establishing the cause-effect relationship related to financial and economic problems through theoretical information and current discussions, by making financial analyzes. | |||||
5 | By establishing the relationship of public financial management and budget theory with public policies, he/she makes strong budget analysis, develops analyzes on public finance and establishes the policy implementation relationship. | |||||
6 | Understanding tax theory, learning the legal background, following the developments and gaining a professional competence in tax matters effectively develop it. | |||||
7 | Have knowledge of accounting systems in private and public institutions and businesses, analyze and interpret the financial and financial structure of businesses with the knowledge and competence gained. | |||||
8 | Gain knowledge of macroeconomic structure and growth theory, including theoretical and country examples, and evaluate economic developments from a theoretical perspective. | |||||
9 | Can use foreign language in financial and economic fields, follow international literature, communicate on professional issues. | |||||
10 | By using information technologies, digital developments and common software, it benefits from technological developments in studies specific to its field. | |||||
11 | It uses qualitative and quantitative methods necessary for the analysis of economic, financial, social and institutional events. | |||||
12 | While fulfilling its academic and professional responsibilities, the United Nations develops an approach that respects sustainable development goals, fundamental freedoms, disadvantaged groups, the environment, cultural and moral values. |
ECTS/Workload Table
Activities | Number | Duration (Hours) | Total Workload |
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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 |