Rapor Tarihi: 11.04.2026 19:21
| Course Title | Code | Language | Type | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|---|---|
| Advanced Macroeconomic Analysis II | ECON505 | Turkish | Compulsory | 3 + 0 | 3.0 | 6.0 |
| Prerequisite Courses | |
| Course Level | Graduate |
| Mode of delivery | Face to face. |
| Course Coordinator | Prof. Dr. ŞERİF CANBAY |
| Instructor(s) | |
| Goals | The objective of this course is to extend the fundamental macroeconomic models learned in the first semester to an open economy framework, to conduct an in-depth examination of long-term economic growth dynamics, and to analyze modern macroeconomic fluctuation theories, including Real Business Cycle (RBC) and New Keynesian models. |
| Course Content | This course covers the extension of fundamental macroeconomic models to an open economy framework; an in-depth examination of long-term economic growth dynamics (Solow, Ramsey, and Endogenous Growth Models); labor market imperfections; and modern business cycle theories (Real Business Cycle and New Keynesian Models). Furthermore, it introduces Dynamic Stochastic General Equilibrium (DSGE) models and discusses contemporary macroeconomic policy debates from an analytical perspective. |
| # | Öğrenme Kazanımı |
| 1 | Analytically analyzes open economy macroeconomic models (Mundell-Fleming and beyond) under capital mobility and different exchange rate regimes. |
| 2 | Solves and interprets the fundamental sources of economic growth using mathematical methods within the framework of Solow, Ramsey, and Endogenous Growth models. |
| 3 | Evaluates the causes and transmission mechanisms of economic fluctuations using modern business cycle theories (Real Business Cycle and New Keynesian models). |
| 4 | Relates labor market imperfections, persistent unemployment issues, and wage rigidities with advanced macroeconomic models. |
| 5 | Grasps the fundamental structure of Dynamic Stochastic General Equilibrium (DSGE) models and critically discusses their role in policy analysis. |
| 6 | Analyzes global financial crises, debt sustainability, and international capital flows in light of current macroeconomic theories to develop evidence-based solutions. |
| 7 | Reports macroeconomic research findings in accordance with academic writing standards and presents complex analyses orally at a professional level. |
| Week | Topics/Applications | Method |
|---|---|---|
| 1. Week | Introduction: Dynamic Macroeconomic Models and Optimization | Preparation, After Class Study, Research, Other Activities, Presentation (Preparation) |
| 2. Week | Solow Growth Model: Capital Accumulation and Technological Progress | Preparation, After Class Study, Research, Other Activities, Interview, Presentation (Preparation) |
| 3. Week | Infinite-Horizon Models: Ramsey-Cass-Koopmans Theory | Preparation, After Class Study, Research, Other Activities, Interview, Presentation (Preparation) |
| 4. Week | Endogenous Growth I: R&D, Innovation, and Knowledge Accumulation | Preparation, After Class Study, Research, Other Activities, Interview, Presentation (Preparation) |
| 5. Week | Endogenous Growth II: Human Capital and Public Policies | Preparation, After Class Study, Research, Other Activities, Interview, Presentation (Preparation) |
| 6. Week | Labor Market: Unemployment, Search, and Matching Models | Preparation, After Class Study, Research, Other Activities, Interview, Presentation (Preparation) |
| 7. Week | Open Economy Macroeconomics: Balance of Payments and Exchange Rates | Preparation, After Class Study, Research, Other Activities, Interview, Presentation (Preparation) |
| 8. Week | International Capital Mobility: Analysis of Policy Effectiveness | Preparation, After Class Study, Research, Other Activities, Interview, Presentation (Preparation) |
| 9. Week | Real Business Cycle (RBC) Theory: Technology Shocks and Fluctuations | Preparation, After Class Study, Research, Other Activities, Interview, Presentation (Preparation) |
| 10. Week | New Keynesian Macroeconomics: Price Stickiness and Demand Shocks | Preparation, After Class Study, Research, Other Activities, Interview, Presentation (Preparation) |
| 11. Week | Financial Frictions: Credit Markets and Macroeconomic Impacts | Preparation, After Class Study, Research, Other Activities, Interview, Presentation (Preparation) |
| 12. Week | Introduction to DSGE Models: Dynamic Stochastic General Equilibrium | Preparation, After Class Study, Research, Other Activities, Interview, Presentation (Preparation) |
| 13. Week | Modern Policy Design: Contemporary Debates and Strategies | Preparation, After Class Study, Research, Other Activities, Interview, Presentation (Preparation) |
| 14. Week | Modern Macroeconomic Policy Design and Contemporary Debates | Preparation, After Class Study, Research, Other Activities, Interview, Presentation (Preparation), Fieldwork, Practice |
| No | Program Requirements | Level of Contribution | |||||
|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Synthesizes microeconomic and macroeconomic theories at an advanced level, and critically evaluates the assumptions and limitations of economic models within an analytical framework. | ✔ | |||||
| 2 | Systematically follows current theoretical and empirical studies in the economics literature, analyzes these studies from a scientific perspective, and integrates them into their own research. | ✔ | |||||
| 3 | Structures and analyzes complex economic events and processes using mathematical modeling techniques. | ✔ | |||||
| 4 | Analyzes and interprets economic datasets using advanced statistical and econometric methods, along with current analysis software (Stata, R, Python, EViews, etc.). | ✔ | |||||
| 5 | Interprets national and international economic developments in the light of economic theories, and develops evidence-based policy recommendations and strategic evaluations. | ✔ | |||||
| 6 | Defines an original research question in the field of economics, determines the appropriate methodology, and manages an independent scientific study from the design phase to the reporting phase. | ✔ | |||||
| 7 | Develops innovative solutions to complex micro and macro-level economic problems by using theoretical and empirical knowledge from an interdisciplinary perspective. | ✔ | |||||
| 8 | Analyzes the structural characteristics, institutional framework, and current issues of the Turkish economy using advanced methods and evaluates its position within the global economy. | ✔ | |||||
| 9 | Fully complies with national and international ethical principles, academic integrity rules, and intellectual property rights in scientific research, publication, and application processes. | ✔ | |||||
| 10 | Reports research findings and complex economic analyses in writing according to academic writing standards and presents them orally at a professional level on various platforms (conferences, seminars, etc.). | ✔ | |||||
| 11 | Uses a foreign language (English, etc.) at a level sufficient to continuously follow international academic studies in the field of economics and communicate with colleagues. | ✔ | |||||
| 12 | Contributes to the economic literacy and welfare of society by acting with an awareness of sustainable development, social welfare, and ethical responsibility in economic analysis. | ✔ | |||||
| 13 | Evaluates the relationship between historical economic developments and current economic policies to construct alternative scenarios for the future. | ✔ | |||||
| 14 | Analyzes sectoral growth, productivity, competition, and foreign trade performance using sectoral data to develop policy recommendations. | ✔ | |||||
| Program Requirements | DK1 | DK2 | DK3 | DK4 | DK5 | DK6 | DK7 |
|---|---|---|---|---|---|---|---|
| PY1 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| PY2 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| PY3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| PY4 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| PY5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| PY6 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| PY7 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| PY8 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| PY9 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| PY10 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| PY11 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| PY12 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| PY13 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| PY14 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Ders Kitabı veya Notu | Ders Kitabı veya Ders Notu bulunmamaktadır. |
|---|---|
| Diğer Kaynaklar |
|
| ECTS credits and course workload | Quantity | Duration (Hour) | Total Workload (Hour) | |
|---|---|---|---|---|
|
Ders İçi |
Class Hours | 14 | 3 | 42 |
|
Ders Dışı |
Homework | 15 | 1 | 15 |
| Preparation, After Class Study | 22 | 1 | 22 | |
| Research | 20 | 2 | 40 | |
| Interview | 8 | 1 | 8 | |
| Presentation (Preparation) | 7 | 2 | 14 | |
| Fieldwork | 4 | 1 | 4 | |
| Practice | 1 | 1 | 1 | |
| Other Activities | 3 | 1 | 3 | |
|
Sınavlar |
Midterm | 1 | 2 | 2 |
| Final | 1 | 2 | 2 | |
| Total Workload | 153 | |||
| *AKTS = (Total Workload) / 25,5 | ECTS Credit of the Course | 6.0 | ||
