| Course Name | Code | Semester | T+U Hours | Credit | ECTS |
|---|---|---|---|---|---|
| Macroeconomic Applications | MLY 604 | 0 | 3 + 0 | 3 | 6 |
| Precondition Courses | |
| Recommended Optional Courses | |
| Course Language | Turkish |
| Course Level | Doctorate Degree |
| Course Type | Optional |
| Course Coordinator | Prof.Dr. FATİH SAVAŞAN |
| Course Lecturers | |
| Course Assistants | Arş. Gör. Kadriye İzgi Şahpaz |
| Course Category | |
| Course Objective | Macroeconomics examines issues concerning the wider community, such as economic growth and development such as national production, national income, employment. In this context, identfying economical, political and socio-cultural issues at the macro level and developing solutions to those issues are main objectives of this course. |
| Course Content | National and international economic problems of countries such as unemployment, inflation, growth will be analyzed from the perspectives of a variety of schools (classical, Keynesian, Monetarist, etc.). Mix of monetary and fiscal policies to overcome issues will be discussed. |
| # | Course Learning Outcomes | Teaching Methods | Assessment Methods |
|---|---|---|---|
| 1 | Learns the basic macro-economic concepts. | Lecture, Discussion, | Testing, Homework, Performance Task, |
| 2 | Comprehends macroeconomic models | Question-Answer, Brain Storming, | Testing, Homework, |
| 3 | Review of various theories of economic fluctuations. | Lecture, Discussion, | Performance Task, |
| 4 | Evaluates the macro perspective of international economic relations. | Question-Answer, Discussion, Brain Storming, | Testing, Homework, |
| 5 | Compares monetary and fiscal policies in terms of efficacy. | Lecture, Discussion, | Performance Task, |
| 6 | Understands the impact of public spending and budget deficits on macro variables. | Question-Answer, Brain Storming, | Testing, Homework, |
| 7 | Evaluates the financial markets | Lecture, Discussion, | Performance Task, |
| 8 | Understands the impact of macro variables on economic growth. | Question-Answer, Discussion, Brain Storming, | Testing, Homework, |
| Week | Course Topics | Preliminary Preparation |
|---|---|---|
| 1 | Relationship between Microeconomics and Macroeconomics | Assigned Reading Materails |
| 2 | Basic Macro Economic Concepts | Assigned Reading Materails |
| 3 | Classical Model, Keynesian Model | Assigned Reading Materails |
| 4 | Goods and Money Markets: The IS-LM Model | Assigned Reading Materails |
| 5 | Open Economy Goods and Money Market: The Mundell-Fleming Model | Assigned Reading Materails |
| 6 | Aggregate Demand-Aggregate Supply: AD-AS Model | Assigned Reading Materails |
| 7 | Inflation | Assigned Reading Materails |
| 8 | Employment and Unemployment | Assigned Reading Materails |
| 9 | Financial Markets, Interest Rate | Assigned Reading Materails |
| 10 | Cycle Theories | Assigned Reading Materails |
| 11 | Public Expenditures and Public Budget | Assigned Reading Materails |
| 12 | Monetary and Fiscal Policies in Turkey, Applications: Quarterly Analysis | Assigned Reading Materails |
| 13 | Examples of crisis intervention | Assigned Reading Materails |
| 14 | Turkey Economic Relations | Assigned Reading Materails |
| Resources | |
|---|---|
| Course Notes | Pınar, Abuzer, Maliye Politikası Teori ve Uygulama, 7. Bası, Turhan Kitabevi, 2014 |
| Course Resources | Woo, Jaejoon, The Political Economy of Fiscal Policy, Springer-Verlag Berlin Heidelberg, 2006 |
| Order | Program Outcomes | Level of Contribution | |||||
|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | To understand evaluate and comment about economic and fiscal subjects, to equip students with enough skills to solve fiscal problems. | X | |||||
| 2 | To have theoretical knowledge about public economics, fiscal theory, fiscal administration of public sector and budget theory. | X | |||||
| 3 | To demonstrate an understanding of taxation process, calculations of tax burden, etc. | X | |||||
| 4 | An ability to understand subjects of public expenditure and public debt | X | |||||
| 5 | To equip student with the knowledge of law, economics and public finance which will help their employment both in public and private sector | X | |||||
| 6 | Improve strategically approach and provide skills to use statistical research | X | |||||
| 7 | Improve communications and leader skills | ||||||
| 8 | Teach a foreign language | ||||||
| 9 | To provide social and ethical values | ||||||
| 10 | To have knowledge of IT technologies on the subject of public finance | ||||||
| 11 | Improve communications skills in general. | ||||||
| 12 | Understands the relationship between theory and practice, and has extensive knowledge in economic issues. | X | |||||
| 13 | Analyzes the theoretical infrastructure and has thorough knowledge of public economy (comparison of private and public economy, the failure of the market and state, efficiency of state intervention) in terms of graphical forms | X | |||||
| 14 | |||||||
| 15 | Analyzes the theoretical infrastructure and has thorough knowledge of contribution theory and policy (taxation, understanding the taxes and similar incomes, comprehending why tax is applied on certain goods and services, tax ethics, tax psychology, tax evasion and tax avoidance) in terms of graphical methods. | ||||||
| 16 | Analyzes the theoretical infrastructure and has thorough knowledge fiscal policy (public sector intervention in economy, understanding fiscal policies and tools, interaction of money and fiscal policies, development, budget, structural adjustment, the relationship between income distribution and economic fluctuation, and the relationship between economic issues and fiscal policy) in terms of graphical methods | ||||||
| 17 | Analyzes the process of taxation systems by using theoretical and legal knowledge on taxation procedures, and compares and interprets different systems. | ||||||
| 18 | Analyzes the field and other related fields through numerical methods and evaluates the reflection on practice. | ||||||
| 19 | Produces a scientific publication by thorough examination of an issue in economics either individually or as a team | ||||||
| 20 | Willing to work in interdisciplinary academic work when economic perspective is necessary | ||||||
| 21 | Computer literacy (Word,Excel etc.) and ability to use at least two different programs (SPSS, Eviews) in order to make financial analyses | ||||||
| 22 | Employs economic theory to interpret the cause effect relationship between financial and economic issues | ||||||
| 23 | Specializes in three different sub-fields of economy which include public economy, public debt, fiscal policy, tax system of Turkey, tax law, structural issues in development and state, budget, fiscal sociology, education economy and health economy. | ||||||
| 24 | Communicates effectively in a foreign language | ||||||
| 25 | Employs economic theory to provide an analysis of current events; suggests coherent ideas on economic issues and has the ability to support and defend his/her idea and criticizes others’ ideas consistently | ||||||
| 26 | |||||||
| 27 | Students are aware of the social, scientific and psychological ethics of their occupation while taking into account the fact that economics is a social discipline | ||||||
| 28 | Willing to work in interdisciplinary academic work when economic perspective is necessary | ||||||
| Evaluation System | |
|---|---|
| Semester Studies | Contribution Rate |
| 1. Ödev | 50 |
| 2. Ödev | 50 |
| Total | 100 |
| 1. Yıl İçinin Başarıya | 40 |
| 1. Final | 60 |
| 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 | 4 | 64 |
| Mid-terms | 1 | 5 | 5 |
| Assignment | 3 | 10 | 30 |
| Final examination | 1 | 15 | 15 |
| Total Workload | 162 | ||
| Total Workload / 25 (Hours) | 6.48 | ||
| dersAKTSKredisi | 6 | ||