BAHÇEŞEHİR UNIVERSITY BİLGİ PAKETİ / DERS KATALOĞU
| ECONOMICS | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
Course Introduction and Application Information
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| ECO4192 | Economic Analysis II | Fall | 3 | 0 | 3 | 6 |
| 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: | Bachelor’s Degree (First Cycle) |
| Mode of Delivery: | Hybrid |
| Course Coordinator : | Prof. Dr. ÜMİT EROL |
| Course Lecturer(s): |
Prof. Dr. ÜMİT EROL |
| Recommended Optional Program Components: | None |
| Course Objectives: | This course is a continuation of Economic Analysis I. The focus will be on Keynes. After a thorough review of Keynes; the differences between Neo-Classical Thought and Keynes will be reviewed. The last part of the course is about dynamic analysis in Economics covering such issues as difference equations and Chaos Theory. |
Learning Outcomes
|
The students who have succeeded in this course; 1. To learn monetary theory of Keynes 2. To learn the Keynesian approach to unemployment 3. To learn Keynesian consumption theory 4. To learn Keynesian investment theory 5 To learn the expectations in Keynes 6 To compare NeoClassics and Keynes 7 To Solve Difference Equations 8 To Solve Stochastic Difference Equations 9 To learn basics of Chaos Theory |
Course Content
| The course begins with the main point of distinction between the Neo-Classicals and Keynes. In this context, Say's law and Keynesian criticism of Say's law are discussed. In the following sections, Keynes' approach to labor demand, consumption and investment are discussed in detail, and the points where Keynes differs from the Neo-Classicals are examined. Finally, it focuses on why Keynes recommends fiscal and monetary policies in cases of aggregate demand deficiency, and includes criticism of the Neo-Classicals about why monetary and fiscal policies cannot be effective. In this context, the views of economists such as Hicks and Friedman on Keynes are also included. |
Weekly Detailed Course Contents
| Week | Subject | Related Preparation |
| 1) | Money in Keynes | |
| 2) | Unemployment Issue in Keynes | |
| 3) | Consumption Theory of Keynes | |
| 4) | Investment Theory of Keynes | |
| 5) | Short and Long Run Expectation in Keynes | |
| 6) | Review | |
| 7) | Hicks Article: Mr.Keynes and Classics: A Suggested Interpretation | |
| 8) | Friedman Article: A Theoretical Framework of Monetary Analysis | |
| 9) | Patinkin Article: Price Flexibility and Full Employment | |
| 10) | Leijonhufvud Article: Keynes and Keynesian: A Suggested Interpretation | |
| 11) | Review | |
| 12) | Difference Equations | |
| 13) | Stochastic Difference Equations | |
| 14) | Chaos Theory |
Sources
| Course Notes / Textbooks: | The General Theory of Employment,Interest and Income, J.M.Keynes,McMillan,London,1936 |
| References: | Hicks: Mr.Keynes and Classics: A Suggested Interpretation Friedman: A Theoretical Framework of Monetary Analysis Patinkin: Price Flexibility and Full Employment Leijonhufvud: Keynes and Keynesian: A Suggested Interpretation |
Evaluation System
| Semester Requirements | Number of Activities | Level of Contribution |
| Homework Assignments | 4 | % 20 |
| Midterms | 1 | % 30 |
| Final | 1 | % 50 |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 50 | |
| PERCENTAGE OF FINAL WORK | % 50 | |
| Total | % 100 | |
ECTS / Workload Table
| Activities | Number of Activities | Duration (Hours) | Workload |
| Course Hours | 14 | 3 | 42 |
| Study Hours Out of Class | 14 | 4 | 56 |
| Homework Assignments | 4 | 12 | 48 |
| Final | 1 | 2 | 2 |
| Total Workload | 148 | ||
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) | As a world citizen, she is aware of global economic, political, social and ecological developments and trends. | 4 |
| 2) | He/she is equipped to closely follow the technological progress required by global and local dynamics and to continue learning. | 3 |
| 3) | Absorbs basic economic principles and analysis methods and uses them to evaluate daily events. | 5 |
| 4) | Uses quantitative and statistical tools to identify economic problems, analyze them, and share their findings with relevant stakeholders. | 5 |
| 5) | Understands the decision-making stages of economic units under existing constraints and incentives, examines the interactions and possible future effects of these decisions. | 4 |
| 6) | Comprehends new ways of doing business using digital technologies. and new market structures. | 2 |
| 7) | Takes critical approach to economic and social problems and develops analytical solutions. | 5 |
| 8) | Has the necessary mathematical equipment to produce analytical solutions and use quantitative research methods. | 5 |
| 9) | In the works he/she contributes, observes individual and social welfare together and with an ethical perspective. | 3 |
| 10) | Deals with economic problems with an interdisciplinary approach and seeks solutions by making use of different disciplines. | 4 |
| 11) | Generates original and innovative ideas in the works she/he contributes as part of a team. | 3 |