This course examines the Solow model for the analysis of long-run economic growth, explains microfounded macroeconomic theories of consumption, introduces theories of investment and discuss the effects of financial and real investment decisions on economic activity, discusses the determinants of money demand and money supply and examines the conduct of monetary policy and assesses to what extent central banks can effectively control money supply in an economy.
Upon successful completion of the course, students will be able to;
define the basic analytical framework underpinning the microfounded approach to aggregate consumption and investment.
discuss the relevance and main policy implications of the microfounded macroeconomic theories.
illustrate and explain the determinants of money supply and money demand.
revise the theoretical underpinning of fiscal policy and monetary policy.
compare macroeconomic implications of several policy applications.
formulate macroeconomic problems and apply the main macroeconomic models used in economic analysis to solve problems
express clearly understanding of macroeconomic events both domestically and internationally.
Face to Face
Restriction : LEC 323
Special Condition : HEC 313
You should use at least one of the following textbooks:
Blanchard, O. and D.R. Johnson Macroeconomics. (Upper Saddle River, NJ:Prentice Hall, 2012) sixth edition [ISBN 9780273766339]
(www.prenhall.com/blanchard).
Dornbusch, R., S. Fischer and R. Startz Macroeconomics. (New York: McGrawHill, 2011) eleventh edition [ISBN 9780071289252].
Mankiw, N.G. Macroeconomics. (Worth, 2012) eighth edition
[ISBN 9781464121678].
Theoretical lectures(Lecture), In-class practice(Class), Midterm(s), Final exam
Requires consent of instructor
Topics covered in the course 'Macroeconomics I' of the fall term is included in this course.
Exams will also include subjects covered in HEC 313.
The minimum attendance requirement is 70% of lectures and tutorials. If the student fails to meet the minimum attendance requirement they will not be allowed to take the final exam.
Makeup will be offered for both midterm and final exams to those students who have a documented health problem at the date of examination. Health document should be approved by a state hospital. The approval of health documents given for final exam should be approved by the faculty board. If a make-up exam is given for the midterm, topics covered until the date of make-up will be included in the make-up exam.
Minimum grade to be eligible for passing the course is 40
1. Graduates will have a knowledge and understanding of the fundamental aspects of economic analysis.
2. Graduates will have a knowledge and understanding of the key issues arising in the area of management.
3. Graduates will be able to use and apply a wide range of economic models to analyse contemporary and historical economic events.
4. Graduates will be to formulate and develop arguments both on management and economic issues in a logical manner.
5.
Graduates will be able to analyse issues from the perspective of a number of disciplines.
6. able to organize social project and activities with the social responsibility and awareness with regards to the needs of the society by using knowledge of social research and social planning.
7. Possess international values, respect ethical values, open to change and progress, willing to particapate to team work, take initiative if necessary and be examplary individauls to society.
Any test, assignment, paper, or report submitted by you and that has your name on it is presumed to be your own original work that has not previously been submitted for credit in another course or has not been written partially or completely by another person. In all of your assignments, you may use words or ideas written by other individuals in publications, web sites, or other sources, but only with proper attribution as explained in your course. If you are not clear about the expectations for completing an assignment or taking a test or examination, be sure to seek clarification from your instructor. Finally, you should keep in mind that as a member of the campus community, you are expected to demonstrate integrity in all of your academic endeavors and will be evaluated on your own merits.. The consequences of cheating and academic dishonesty is a formal discipline punishment as regulated by the Turkish Higher Educational Council.
Educational Support for Disabled Students
If you have a disability for which you are or may be requesting an accommodation, you are encouraged to contact both your instructor and Bilgi Accessible Education Unit as early as possible in the term. Bilgi Accessible Education Unit will verify your disability and determine reasonable accommodations for this course. For more information, visit http://step.bilgi.edu.tr/en/ogrenci-destek-merkezi/bilgi-accessible-education-unit/
