Information Package
baskent.edu.tr

Program of Economics (Turkish)

ECON215

MACROECONOMIC THEORY I

Course Code
ECON215
Semester
Third Term (Fall)
Theory+Practice
3 + 0
ECTS
5
Course TypeCompulsory Course
Course LevelBachelor's Degree
Year of Study2
SemesterThird Term (Fall)
ECTS5
Name of Lecturer(s) -
Learning Outcomes

At the end of this course, the students;

  1. Describe the mathematical tools used in macroeconomic analysis.
  2. Formulate the decision-making process of economic agents using optimization problems.
  3. Explain the consumption and saving behaviors theoretically.
  4. Examine the effects of monetary and fiscal policies on economic individuals.
  5. Integrate the data with macroeconomic theories.
  6. Use the knowledge learned in further education in lifelong analysis of events and decision-making.
Mode of DeliveryFace to face
PrerequisitesYes(ECON116)
Recommended Optional Programme ComponentsIntroduction to Economics I, Introduction to Economics II
Course DescriptionThis course is the first part of an intermediate macroeconomics series. Within the framework of basic business cycle models, demand-side equilibrium and IS / LM models and the effectiveness of financial and monetary policy will be examined. It aims to teach choice problems such as consumption, saving, labor supply, investment, labor demand in the economy by using optimization techniques.
Course Contents
WEEK TOPICS
1st Week Introduction; General Macroeconomics Concepts
2nd Week Closed Economy IS/LM Model
3rd Week Closed Economy IS/LM Model
4th Week Optimization and Constrained Optimization
5th Week Consumption-Labor Supply Decision Model
6th Week Consumption-Labor Supply Decision Model
7th Week Midterm
8th Week Dynamic Consumption-Saving Decision Model
9th Week Dynamic Consumption-Saving Decision Model
10th Week Multi-period Consumption-Saving Model
11th Week Consumption Theories
12th Week Equilibrium in an Endowment Economy
13th Week Asset Pricing and Financial Markets
14th Week Asset Pricing and Financial Markets
Recommended or Required ReadingMacroeconomics, Matthias Doepke, Andreas Lehnert and Andrew Sellgren (DLS). Link: http://faculty.wcas.northwestern.edu/~mdo738/book.htm
Macroeconomics by Robert J. Barro (5th edition, MIT press)
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 35
Quiz 2 25
Total(%) 60
Contribution of In-term Studies to Overall Grade(%) 60
Contribution of Final Examination to Overall Grade(%) 40
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 1 1
Preparation for Quiz 2 10 20
Individual or group work 14 3 42
Preparation for Final exam 1 25 25
Course hours 14 3 42
Preparation for Midterm exam 1 20 20
Laboratory (including preparation) 0 0 0
Final exam 1 1 1
Homework 2 2 4
Total Work Load155
Total Work Load / 30 (h)5.16
ECTS Credit of the Course5
Language of InstructionTurkish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

LO1 LO2 LO3 LO4 LO5 LO6
K1 X X
K2 X X X X
K3 X X X X
K4 X X X
K5 X
K6 X
K7 X X X X
K8 X X X X
K9 X X
K10 X X X X
K11
K12 X
K13 X X