COURSE INFORMATION
Course CodeCourse TitleL+P HourSemesterECTS
ECON 333BUSINESS CYCLES AND ECONOMIC POLICY 3 + 06th Semester5

COURSE DESCRIPTION
Course Level Bachelor's Degree
Course Type Elective
Course Objective The course has two main objectives: First is to analyze the principal economic and theoretical mechanisms that are at the origin of business cycle fluctuations. Second is to give students the tools and methodologies that are necessary to build a rigorous business cycle analysis and to establish short-term macroeconomic policy and forecasts.
Course Content The main focus of the course is the analysis of the economic business cycle, that is the succession over time of periods of expansion and periods of recession. The course is divided in two parts. The first part is devoted to the presentation of some important stylized facts about the economic business cycles in the advanced economies and to the analysis of the principal economic mechanisms that are considered to be at the origin of business cycle fluctuations. In the second part, it is examined the tools and methodologies that are necessary to build a rigorous conjectural analysis and to establish short-term macroeconomic policy and forecasts
Prerequisites No prerequisites.
Corequisite No corequisites.
Mode of Delivery Face to face

COURSE LEARNING OUTCOMES
1Explain the meaning and importance of the business cycles.
2To understand the comprehensive modern theories about the business cycles
3To learn the economic policy tools developed in accordance with the business cycle theories.
4to learn the tools and methodologies needed to create a short-term macroeconomic policy.

COURSE'S CONTRIBUTION TO PROGRAM
PO 01PO 02PO 03PO 04PO 05PO 06PO 07PO 08PO 09PO 10PO 11PO 12
LO 01            
LO 02            
LO 03            
LO 04            
Sub Total            
Contribution000000000000

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
ActivitiesQuantityDuration (Hour)Total Work Load (Hour)
Course Duration14342
Hours for off-the-classroom study (Pre-study, practice)13339
Assignments11010
Mid-terms11313
Final examination12626
Total Work Load

ECTS Credit of the Course






130

5

COURSE DETAILS
 Select Year   


 Course TermNoInstructors
Details 2019-2020 Spring1MUSTAFA OZAN YILDIRIM

Course Details
Course Code:  ECON 333 Course Title:  BUSINESS CYCLES AND ECONOMIC POLICY
L+P Hour : 3 + 0   Course Code : 1   Language Of Instruction: English Course Semester :  2019-2020 Spring
Course Coordinator :  ASSISTANT PROFESSOR MUSTAFA OZAN YILDIRIM E-Mail:  moyildirim@pau.edu.tr, Phone Number :  296 3857,
Course Location İİBF C0104,
Goals : The course has two main objectives: First is to analyze the principal economic and theoretical mechanisms that are at the origin of business cycle fluctuations. Second is to give students the tools and methodologies that are necessary to build a rigorous business cycle analysis and to establish short-term macroeconomic policy and forecasts.
Content : The main focus of the course is the analysis of the economic business cycle, that is the succession over time of periods of expansion and periods of recession. The course is divided in two parts. The first part is devoted to the presentation of some important stylized facts about the economic business cycles in the advanced economies and to the analysis of the principal economic mechanisms that are considered to be at the origin of business cycle fluctuations. In the second part, it is examined the tools and methodologies that are necessary to build a rigorous conjectural analysis and to establish short-term macroeconomic policy and forecasts
Attendance : %70
Topics
WeeksTopics
1 Introduction, Syllabus and Basic Facts
2 The Facts of Business Cycles: Why Study Business Cycles?
3 The Macroeconomic Theory of Business Cycles: Early Business Cycles Theories
4 The Macroeconomic Theory of Business Cycles: Keynes and Keynesian Theory
5 The Macroeconomic Theory of Business Cycles: The Monetarist Model
6 The Macroeconomic Theory of Business Cycles: The Rational Expectations Model
7 The Macroeconomic Theory of Business Cycles: Real Business Cycle Models
8 The Macroeconomic Theory of Business Cycles: New Keynesian Models
9 The Macroeconomic Theory of Business Cycles: Models of Credit and Financial Instability
10 Modern International Recessions and Depressions
11 Business Cycles in Turkey
12 Business Cycles and Fiscal Policy
13 Stabilization Policy: How and Why?
14 Conclusions
Materials
Materials are not specified.
Resources
ResourcesResources Language
Knoop, A. T. (2010). Recessions and Depressions: Understanding Business CyclesEnglish
Course Assessment
Assesment MethodsPercentage (%)Assesment Methods Title
Final Exam60Final Exam
Midterm Exam40Midterm Exam
L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes