ECO6004 Macroeconomic TheoryBahçeşehir UniversityDegree Programs ECONOMICS AND FINANCE (ENGLISH, PHD)General Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
ECONOMICS AND FINANCE (ENGLISH, PHD)
PhD TR-NQF-HE: Level 8 QF-EHEA: Third Cycle EQF-LLL: Level 8

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
ECO6004 Macroeconomic Theory Spring 3 0 3 9

Basic information

Language of instruction: English
Type of course: Must Course
Course Level:
Mode of Delivery: Face to face
Course Coordinator : Dr. Öğr. Üyesi DİLA ASFUROĞLU
Course Lecturer(s): Assoc. Prof. OZAN BAKIŞ
Recommended Optional Program Components: None
Course Objectives: The aim of this course is to teach contemporary macroeconomics and finance theory with an emphasis on applications.

Learning Outcomes

The students who have succeeded in this course;
1)Understand the evolution of macroeconomics
2)Understand the basic models to explain dynamics of economic growth, inflation and unemployment
3)Analyze and evaluate models explaining public finance sustainability, foreign exchange determination and asset price determination
4)Understand, evaluate and criticize models that are explaining the effects of nominal and real shocks on the economy.

Course Content

This course covers the generally accepted macroeconomic models of such as growth, open economy and the intersection of financial markets and money markets.

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Evolution of Macroeconomics
2) Dynamics of Economic Growth
3) Decentralized Economy
4) Real Business Cycle Models
5) The Open Economy Dynamics
6) The Monetary Economy
7) New Keynesian Framework: Sticky Prices
8) Financial Markets and Asset Price Determination
9) Nominal Exchange Rate Determination
10) Contemporary Monetary Policy
11) Fiscal Policy Analysis
12) What has Changed after the Global Financial Crisis in 2008 in Macroeconomics
13) Financial Frictions and Macroeconomics
14) Project Presentations

Sources

Course Notes / Textbooks: Macroeconomic Theory: A Dynamic General Equilibrium Approach, Mike Wickens, Princeton University Press, 2008.
Advance Macroeconomics, David Romer. 2012.
References: İlgili makaleler listesi öğrenciler ile paylaşılacaktır.

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Project 1 % 20
Midterms 1 % 35
Final 1 % 45
Total % 100
PERCENTAGE OF SEMESTER WORK % 35
PERCENTAGE OF FINAL WORK % 65
Total % 100

ECTS / Workload Table

Activities Number of Activities Duration (Hours) Workload
Course Hours 14 3 42
Study Hours Out of Class 12 4 48
Presentations / Seminar 1 3 3
Project 1 24 24
Midterms 1 20 20
Final 1 36 36
Total Workload 173

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Being able to evaluate and use new knowledge in Economics and Finance with a systematic approach.
1) Being able to develop new thoughts and methods in Economics and Finance by using high-level mental processes such as creative and critical thinking, problem solving and decision making.
1) Being able to contribute to the progress in Economics and Finance by independently carrying out an original work that brings innovation to the field, develops a new idea, method, design and/or application or applies a known idea, method, design and/or application to a different field.
1) Being able to develop and deepen current and advanced knowledge in the field with original thought and/or research at the level of expertise based on Master's qualifications, and reach original definitions that will bring innovation to the field.
1) Being able to critically examine and develop social relations and the norms that guide these relations, and to manage actions to change them when necessary.
1) Being able to contribute to the process of becoming an information society and maintaining it by introducing scientific, technological, social or cultural advances in the fields of Economics and Finance.
2) Being able to comprehend the interdisciplinary interaction that Economics and Finance are related to; and to reach original results by using knowledge that requires expertise in analyzing, synthesizing and evaluating new and complex ideas.
2) Being able to develop a new idea, method, design and/or application that brings innovation to the fields of Economics and Finance, or to apply a known idea, method, design and/or application to a different field, to investigate, comprehend, design, adapt and apply an original subject.
2) Being able to defend their original views in the discussion of the issues in the field with experts and to establish an effective communication showing their competence in the field.
2) Being able to interact functionally by using strategic decision making processes in solving problems related to Economics and Finance.
2) Being able to expand the limits of knowledge in the field by publishing at least one scientific article on Economics and Finance in national and/or international peer-reviewed journals and/or by producing or interpreting an original work.
3) Being able to contribute to the solution of social, scientific, cultural and ethical problems encountered in Economics and Finance and to support the development of these values.
3) Being able to critically analyze, synthesize and evaluate new and complex ideas.
3) Being able to communicate and discuss at an advanced level in written, oral and visual English using at least the European Language Portfolio C1 General Level.
3) Ability to lead in environments that require the resolution of unique and interdisciplinary problems.
4) Gaining high-level skills in using research methods in studies related to Economics and Finance.