| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- will have a general understanding of the origins, development, and current state of modern macroeconomics from a historical perspective, starting from mercantilism, and understand the macroeconomic policies through the perspectives of various schools (the old classical, the orthodox Keynesian, the orthodox monetarist, the new classical, rational expectation theories, the new Keynesian, the Post Keynesian, supply-side economics)
- will be able to understand the political business cycle theories, income distribution, welfare policies, and development strategies.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | This course aims to relay a general understanding of the origins, development, and current state of modern macroeconomics from a historical perspective. Starting from the mercantilist theory, the old classical model, the orthodox Keynesian school, the orthodox monetarist school, the new classical school, rational expectations theories, the new Keynesian school, the Post Keynesian school, and supply-side economics will be introduced. Besides, this course also aims to relay the political business cycles theory, income distribution, welfare and development policies. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
The mercantilist theory |
|
2nd Week |
The old classical school |
|
3rd Week |
The Orthodox Keynesian school, the Orthodox Monetarist school |
|
4th Week |
The new classical school, rational expectations theories |
|
5th Week |
The new Keynesian school |
|
6th Week |
Supply-side economics |
|
7th Week |
Midterm |
|
8th Week |
The post-Keynesian school |
|
9th Week |
How does politics influence economics? |
|
10th Week |
The political business cycles theory |
|
11th Week |
Development policies |
|
12th Week |
Development policies |
|
13th Week |
Income distribution and welfare policies |
|
14th Week |
Income distribution and welfare policies |
|
| Recommended or Required Reading | Snowdon, B., & Vane, H. R. (2005). Modern macroeconomics: its origins, development and current state. Edward Elgar Publishing.
Dornbusch, R. and S. Fischer (1981). Macroeconomics. 4th ed. New York: McGraw-Hill.
Case, K.E., Fair, R. C., & Oster, S. E. (2007). Principles of economics. Prentice Hall. |
|---|
| Planned Learning Activities and Teaching Methods |
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
35 |
| Quiz |
1 |
10 |
| Attendance |
1 |
5 |
| Total(%) |
|
50 |
| Contribution of In-term Studies to Overall Grade(%) |
|
50 |
| Contribution of Final Examination to Overall Grade(%) |
|
50 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
1 |
1 |
| Preparation for Quiz |
0 |
0 |
0 |
| Individual or group work |
14 |
3 |
42 |
| Preparation for Final exam |
1 |
30 |
30 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
25 |
25 |
| Laboratory (including preparation) |
0 |
0 |
0 |
| Final exam |
1 |
1 |
1 |
| Homework |
0 |
0 |
0 |
| Total Work Load | 141 |
| Total Work Load / 30 (h) | 4.7 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | English |
|---|
| Work Placement(s) | No |
|---|
