Course Name Code Semester T+U Hours Credit ECTS
General Equilibrium Models IKT 454 8 3 + 0 3 5
Precondition Courses
Recommended Optional Courses
Course Language Turkish
Course Level Bachelor's Degree
Course Type Optional
Course Coordinator Dr.Öğr.Üyesi ÜNSAL OZAN KAHRAMAN
Course Lecturers
Course Assistants Bilen,Kabasakal
Course Category
Course Objective To add a complementary aspect of widely taught general equilibrium analysis. Looking for whether a country has general equilibrium or not.
Course Content To analyze Walrasian general equilibrium model, analysis of general equilibrium for Pareto optimality, First, identifying the general equilibrium of macroeconomy under closed models and then open models, forecasting the parameters and detection of general equilibrium.
# Course Learning Outcomes Teaching Methods Assessment Methods
1 Understanding the detectability of general equilibrium , , , , , , ,
2 Identifying Walrasian general equilibrium , , , , , , ,
3 Internalization of Pareto optimal solutions , , , , , , ,
4 Identfying the computable general equilibrium , , , , , , ,
5 Calculating the social matrix , , , , , , ,
6 Computing general equilibrium which is outward oriented , , , , , , ,
7 Interpretations of alternative policy outcomes , , , , , , ,
Week Course Topics Preliminary Preparation
1 Historical development of General Equilibrium Theory
2 Estimation of Walrasian general equilibrium parameters
3 Analysis of Walrasian general equilibrium
4 Analysis of Pareto general equilibrium
5 Generating the general equilibrium matrix of macro model
6 Estimation of parameters in closed model
7 Identification of general equilibrium in closed model
8 Midterm Exam
9 Generation of computable social matrix
10 Testing the social matrix
11 Estimation of parameters in open model
12 Identification of parameters in open model
13 Testing the alternative policies
14 Testing the alternative policies
Resources
Course Notes
Course Resources
Order Program Outcomes Level of Contribution
1 2 3 4 5
1 The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand the economic problems but also to construct a model and defend in meaningful way. X
2 They have knowledge about the microeconomic theory. X
3 They have knowledge about the macroeconomic theory.
4 They have knowledge about the international economic theory.
5 They have ability to use mathematical and statistical methods. X
6 They have ability to utilize fundamental econometric theories to provide economic problems. X
7 They are intended to be expert in one of non departmental fields that they choose from the list of marketing, management, human resources management, corporate finance, public administration, and tourism management.
8 They are intended to be expert in one of departmental fields that they choose from the list of public finance, agricultural, environmental, natural resources, labor economics, economics of industrial organization, economics of property rights, international finance, money and banking, economic growth and development.
9 They have necessary knowledge of law and related skills that needed in both public and private sector. X
10 They have necessary accountancy skills that needed in both public and private sector. X
11 They have written and oral communication skills in a foreign language as well as in their native language.
12 They know how to use computer programs in both daily office usage and statistical data evaluations.
Evaluation System
Semester Studies Contribution Rate
1. Ara Sınav 85
1. Kısa Sınav 5
1. Ödev 5
2. Kısa Sınav 5
Total 100
1. Yıl İçinin Başarıya 50
1. Final 50
Total 100
ECTS - Workload Activity Quantity Time (Hours) Total Workload (Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 3 48
Hours for off-the-classroom study (Pre-study, practice) 16 3 48
Mid-terms 1 20 20
Quiz 2 5 10
Assignment 1 6 6
Performance Task (Laboratory) 1 5 5
Total Workload 137
Total Workload / 25 (Hours) 5.48
dersAKTSKredisi 5