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 |
| ECO3702 | Advanced Macroeconomics | Spring | 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 : | Assoc. Prof. KAAN İRFAN ÖĞÜT |
| 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; 1. Students will be able to construct dynamic economic models 2. Students will be able to define economic relationships in the framework of dynamic models 3. 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. 4. Students will be able to analyze policy effects on economic variables 5. Students will be able to understand and interpret current macroeconomic events. |
Course Content
| 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) | Midterm Exam | |
| 12) | Twin Deficit in a Mundell – Fleming – Tobin Framework | |
| 13) | Global Excess Liquidity and Liquidity Trap | |
| 14) | Central Banks and Financial Stability | |
| 15) | Expectations in Macroeconomics | |
| 16) | Final Exam |
Sources
| Course Notes / Textbooks: | Rodseth, A., Open Economy Macroeconomics, Cambridge University Press, 2000 |
| References: | . |
Evaluation System
| Semester Requirements | Number of Activities | Level of Contribution |
| Midterms | 1 | % 40 |
| Final | 1 | % 60 |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 40 | |
| PERCENTAGE OF FINAL WORK | % 60 | |
| Total | % 100 | |
ECTS / Workload Table
| Activities | Number of Activities | Duration (Hours) | Workload |
| Course Hours | 14 | 4 | 56 |
| Midterms | 1 | 40 | 40 |
| Final | 1 | 50 | 50 |
| Total Workload | 146 | ||
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. | 5 |
| 2) | He/she is equipped to closely follow the technological progress required by global and local dynamics and to continue learning. | 1 |
| 3) | Absorbs basic economic principles and analysis methods and uses them to evaluate daily events. | 4 |
| 4) | Uses quantitative and statistical tools to identify economic problems, analyze them, and share their findings with relevant stakeholders. | 2 |
| 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. | 1 |
| 7) | Takes critical approach to economic and social problems and develops analytical solutions. | 3 |
| 8) | Has the necessary mathematical equipment to produce analytical solutions and use quantitative research methods. | 2 |
| 9) | In the works he/she contributes, observes individual and social welfare together and with an ethical perspective. | 1 |
| 10) | Deals with economic problems with an interdisciplinary approach and seeks solutions by making use of different disciplines. | 2 |
| 11) | Generates original and innovative ideas in the works she/he contributes as part of a team. | 1 |