BAHÇEŞEHİR UNIVERSITY BİLGİ PAKETİ / DERS KATALOĞU
| CAPITAL MARKETS AND FINANCE (ENGLISH, THESIS) | |||||
| Master | TR-NQF-HE: Level 7 | QF-EHEA: Second Cycle | EQF-LLL: Level 7 | ||
Course Introduction and Application Information
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| ECO5105 | Open Economy Macroeconomics | Fall | 3 | 0 | 3 | 8 |
| This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Basic information
| Language of instruction: | English |
| Type of course: | Departmental Elective |
| Course Level: | |
| Mode of Delivery: | E-Learning |
| Course Coordinator : | HANDE SAĞLAM |
| Course Lecturer(s): |
Assoc. Prof. KAAN İRFAN ÖĞÜT |
| Recommended Optional Program Components: | None |
| Course Objectives: | This course aims to extend students’ knowledge in macroeconomics and to develop their analysis skills and teach them how to use these concepts in advanced studies in macroeconomics. |
Learning Outcomes
|
The students who have succeeded in this course; I. Students will be able to construct dynamic economic models II. Students will be able to define economic relationships in the framework of dynamic models III. Students will be able to understand some advanced topics in macroeconomics like, inflation targeting, Taylor’s Rule, liquidity trap which are related with current economic events. IV. Students will be able to analyze policy effects on economic variables V. Students will be able to understand and interpret current macroeconomic events. |
Course Content
| The Brief Story of Macroeconomics Open Economy with Flexible and Managed Exchange Rate Regimes Inflation Targeting and Taylor’s Rule Mundell Fleming Model : Graph Analysis Fiscal Policy and Debt Dynamics Financial Markets in Macroeconomic Models |
Weekly Detailed Course Contents
| Week | Subject | Related Preparation |
| 1) | From Closed Economy to Open Economy | |
| 2) | Exchange Rate Determination and Exchange Rate Regimes (flexible, fixed and managed floating) | |
| 3) | Mundell - Fleming Model | |
| 4) | Phillips Curve and Exchange Rate Pass Through Effect | |
| 5) | Inflation Targeting and Taylor Rule in Open Economy | |
| 6) | Endogenous Money Supply and Credit Money | |
| 7) | Tobin Q and Asset Prices | |
| 8) | Consumption, Investment and Wealth Effect | |
| 9) | The transmission of monetary policy | |
| 10) | Fiscal Policy and Debt Dynamics | |
| 11) | Twin Deficit in a Mundell – Fleming – Tobin Framework | |
| 12) | Global Excess Liquidity and Liquidity Trap | |
| 13) | Presentation | |
| 14) | Presentation | |
| 15) | Final Exam |
Sources
| Course Notes / Textbooks: | Rodseth, A., Open Economy Macroeconomics, Cambridge University Press, 2000 |
| References: | Glenn P. Hubbard , Anthony P. O'Brien, '' Macroeconomics '' (5th Edition) , 2014 |
Evaluation System
| Semester Requirements | Number of Activities | Level of Contribution |
| Total | % | |
| PERCENTAGE OF SEMESTER WORK | % 0 | |
| PERCENTAGE OF FINAL WORK | % | |
| Total | % | |
ECTS / Workload Table
| Activities | Number of Activities | Duration (Hours) | Workload |
| Course Hours | 14 | 3 | 42 |
| Study Hours Out of Class | 14 | 6 | 84 |
| Project | 12 | 4 | 48 |
| Homework Assignments | 12 | 2 | 24 |
| Midterms | 1 | 0 | 0 |
| Final | 1 | 2 | 2 |
| Total Workload | 200 | ||
Contribution of Learning Outcomes to Programme Outcomes
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution |