Information Package
baskent.edu.tr

Program of Economics (Turkish)

ECON216

MACROECONOMIC THEORY II

Course Code
ECON216
Semester
Fourth Term (Spring)
Theory+Practice
3 + 0
ECTS
6
Course TypeCompulsory Course
Course LevelBachelor's Degree
Year of Study2
SemesterFourth Term (Spring)
ECTS6
Name of Lecturer(s) -
Learning Outcomes

At the end of this course, the students;

  1. Define the determinants of economic growth.
  2. Apply the mathematical methods used in macroeconomic analysis.
  3. Interpret the economic intuition behind the mathematical equations.
  4. Examine the data on economic growth.
  5. Construct a theoretical model to explain why some countries grow faster than others.
  6. Analyze the impact of monetary and fiscal policy using business cycle models.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsIntroduction to Economics I, Introduction to Economics II, Macroeconomic Theory I
Course DescriptionIn the first part of the course, you will continue learning the basics of business cycle models. In the second part, We will analyze empirical observations of economic growth with economic theory and seek answers to the following questions: Why is per capita output growing faster in some countries than in others? Why do living standards differ so much between countries and regions? Why are some countries 50 times richer than others? Why do per capita growth rates differ over long periods? What are the limits to growth?
Course Contents
WEEK TOPICS
1st Week Equilibrium in an Endowment Economy
2nd Week Production, Labor Demand, Investment and Labor Supply
3rd Week Fiscal Policy ; Ricardian Equivalence
4th Week Monetary Policy
5th Week Equilibrium Efficiency
6th Week Neoclassical Model
7th Week Midterm Exam
8th Week Asset Pricing
9th Week Economic Growth: Why do we care about economic growth? ; Stylized Facts about Economic Growth
10th Week Growth Accounting
11th Week Harrod-Domar Model
12th Week The Solow Growth Model
13th Week The Solow Growth Model
14th Week Augmented Solow Growth Model
Recommended or Required ReadingIntermediate Macroeconomics, Julio Garin, Robert Lester and Eric Sims https://www3.nd.edu/~esims1/gls_int_macro.pdf
Economic Growth, David Weil (3rd edition, Pearson)
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 2 2
Preparation for Quiz 2 10 20
Individual or group work 14 4 56
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 2 2
Homework 2 3 6
Total Work Load173
Total Work Load / 30 (h)5.76
ECTS Credit of the Course6
Language of InstructionTurkish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

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