Information Package
baskent.edu.tr

Program of Economics (English)

ECO214

MACROECENOMIC THEORY II

Course Code
ECO214
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 detereminants of economic growth.
  2. Apply the mathematical methods used in macroeconomic analysis.
  3. Interpret the economic intuition behind the mathematical equations used.
  4. Examine the data on economic growth.
  5. Construct a theoretical model to explain why some countries grow faster than others.
  6. Anayze the impact of monetary and fiscal policy using business cycle models.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsIntroduction to Economics , 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 Course Syllabus: Brief description of the course, Review of Macroeconomic Theory I
2nd Week Risk Perception, Decision making under uncertainty
3rd Week Asset Pricing and Financial Markets
4th Week Asset Pricing and Financial Markets
5th Week Asset Pricing and Financial Markets, Production, Labor Demand, Investment and Labor Supply
6th Week Production, Labor Demand, Investment and Labor Supply
7th Week Midterm Week
8th Week Fiscal Policy; Ricardian Equivalence, Quiz-1
9th Week Fiscal Policy; Ricardian Equivalence
10th Week Monetary Policy
11th Week Equilibrium Efficiency
12th Week Neoclassical Model (RBC)
13th Week Neoclassical Model (RBC)
14th Week Review, Quiz-2
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 InstructionEnglish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

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