Course Information


Course Information
Course Title Code Semester L+U Hour Credits ECTS
MACROECONOMICS 1 21005003 3 + 0 3.0 8.0

Prerequisites None

Language of Instruction Turkish
Course Level Graduate Degree
Course Type Compulsory
Mode of delivery
Course Coordinator
Instructors
Assistants
Goals The objective of this course is to study macroeconomic theories that aim to explain how the economy in general works
Course Content The subjects of the course are economic growth, real business cycle theories, Keynesian school, New Classics and New Keynesians
Learning Outcomes 1) Have an in-depth knowledge of main macroeconomic theories
2) Interpret and critically evaluate articles in the economics research literature
3) Critically analyse economic policy problems and apply relevant models and theories to generate effective solutions.

Weekly Topics (Content)
Week Topics Teaching and Learning Methods and Techniques Study Materials
1. Week Introduction Lecture

 Presentation (Including Preparation Time)
2. Week Economic Growth- Solow Model Lecture; Question Answer; Problem Solving; Discussion

Problem Based Learning 		Homework Presentation (Including Preparation Time)
3. Week Economic Growth- Ramsey-Cass-Koopmans Model Lecture; Question Answer; Problem Solving; Discussion

Problem Based Learning 		Homework
4. Week Economic Growth- Endogenous growth models Lecture; Question Answer; Problem Solving; Discussion

Problem Based Learning 		Homework Presentation (Including Preparation Time)
5. Week Real business cycle theory Lecture; Question Answer; Problem Solving; Discussion

Problem Based Learning 		Presentation (Including Preparation Time)
6. Week Real business cycle theory Lecture; Question Answer; Problem Solving; Discussion

Problem Based Learning 		Homework
7. Week Midterm Exam Question Answer

 Homework
8. Week Keynesian model Lecture; Question Answer; Problem Solving; Discussion

Problem Based Learning 		Presentation (Including Preparation Time)
9. Week Keynesian model Lecture; Question Answer; Problem Solving; Discussion

Problem Based Learning 		Homework
10. Week New classical school Lecture; Question Answer; Problem Solving; Discussion

Problem Based Learning 		Presentation (Including Preparation Time)
11. Week New classical school Lecture; Question Answer; Problem Solving; Discussion

Problem Based Learning 		Homework
12. Week New Keynesian school Lecture; Question Answer; Problem Solving; Discussion

Problem Based Learning 		Presentation (Including Preparation Time)
13. Week New Keynesian school Lecture; Question Answer; Problem Solving; Discussion

Problem Based Learning 		Presentation (Including Preparation Time)
14. Week New Keynesian school Lecture; Question Answer; Problem Solving; Discussion

Problem Based Learning 		Homework

Sources Used in This Course
Recommended Sources
Temel kaynaklar: • Heijdra, B. J. ve F. Van Der Ploeg (2002), Foundations of Modern Macroeconomics, Oxford University Pres, Oxford. • Romer, David, Advanced Macroeconomics, McGraw-Hill, 2006. Ek kaynaklar: • Aghion, Philippe ve Peter Howitt (1992), “A Model of Growth through Creative Destruction”, Econometrica, 60 (2), s. 323-351. • Akerlof, George ve Janet Yellen (1985), "A Near Rational Model of the Business Cycle, with Wage and Price Inertia," Quarterly Journal of Economics, 100 (Suslement), s. 823-838. • Barro, R. J. ve X. Sala-i-Martin (1995), Economic Growth, McGraw-Hill. • Blanchard, O. J. (2008), The State of Macro, NBER Working Paper, No. 14259. • Cass, D. (1965), “Optimum Growth in an Aggregative Model of Capital Accumulation”, Review of Economic Studies, 32(91), s. 233-240. • Dornbusch, Rudiger (1976), “Expectations and Exchange Rate Dynamics”, Journal of Political Economy, 84(6), s. 1161-76. • Espinosa-Vega, Marco A. ve Steven Russell (1997), “History and Theory of the NAIRU: A Critical Review”, Federal Reserve Bank of Atlanta Economic Review, 82(2), s. 4-25. • Friedman, M. (1968), “The Role of Monetary Policy,” American Economic Review, 58(1), s.1-17. • Goodfriend, M. ve R. King (1997) “The New Neoclassical Synthesis and the Role of Monetary Policy”, NBER Macroeconomics Annual, 12(1), s.231-283. • Gordon, Robert J. (1990), “What Is New-Keynesian Economics?”, Journal of Economic Literature, 28(3), s.1115-71. • Lucas, Robert E. (1988): “On the Mechanics of Economic Development,” Journal of Monetary Economics, 22, 3–42. • Lucas, Robert E., Jr. (1973), “Some International Evidence on Output-Inflation Tradeoffs,” American Economic Review, 63(3), s. 326-334. • Mankiw, N. Gregory (1985), "Small Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly," Quarterly Journal of Economics, 100(2), s. 529-537. • Mankiw, N. Gregory, David Romer ve David Weil (1992), “A Contribution to the Empirics of Economic Growth”, Quarterly Journal of Economics, 107 (May): pp. 407-37. • Ramsey, F.P. (1928), “A Mathematical Theory of Saving”, Economic Journal, 38(152), s. 543-559. • Romer, D. (1993), “The New Keynesian Synthesis,” Journal of Economic Perspectives 6(4), s.5-22. • Romer, D. (2000), “Keynesian Macroeconomics without the LM Curve,” Journal of Economic Perspectives 14(2), s. 149-170. • Romer, Paul (1986), “Increasing Returns and Long Run Growth”, Journal of Political Economy, 94(5), s. 1002-1037. • Romer, Paul (1990), “Endogenous Technological Change”, Journal of Political Economy, 98(5), s. S71-S-102. • Snowdon, Brian ve Howard R. Vane (2005). Modern Macroeconomics: Its Origins, Development and Current State, Edward Elgar Pub., UK. • Solow, R. M. (1956), “A Contribution to the Theory of Economic Growth”, Quarterly Journal of Economics, 70(1), s. 65-94.

ECTS credits and course workload
Event Quantity Duration (Hour) Total Workload (Hour)
Course Duration (Total weeks*Hours per week) 12 3
Work Hour outside Classroom (Preparation, strengthening) 12 7
Homework 5 12
Activity (Web Search, Library Work, Trip, Observation, Interview etc.) 5 7
Midterm Exam 1 3
Time to prepare for Midterm Exam 1 10
Final Exam 1 4
Time to prepare for Final Exam 1 10
Total Workload
Total Workload / 30 (s)
ECTS Credit of the Course
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Course Information
  • Course Information
  • Weekly Topics (Content)
  • Sources Used in This Course
  • ECTS credits and course workload