PAÜ .:. Eğitim Öğretim Bilgi Sistemi

COURSE INFORMATION

Course Code	Course Title	L+P Hour	Semester	ECTS
IKT 544	MACRO ANALYSIS IN THE OPEN ECONOMY	3 + 0	2nd Semester	7,5

COURSE DESCRIPTION

Course Level	Master's Degree
Course Type	Elective
Course Objective	to analyzes the open economy's macroeconomics policy
Course Content	Monetary model, Lucas model, ,nternational real business cycles, foreign exchange markets efficiency, the real exchange rate, Mundell-Fleming model, the new international macroeconomics, balance of payments crises.
Prerequisites	No the prerequisite of lesson.
Corequisite	No the corequisite of lesson.
Mode of Delivery	Face to Face

COURSE LEARNING OUTCOMES

1	to analyzes the history of macroeconomics and research fields
2	to analyzes the volume of economic activies
3	to analyzes the relationship between other countries
4	to definite capital accumulation, population growth and unemployment
5	to analyzes the economic policy's efficiency
6	to explain the business cycle theories, inflation and umemployment
7	to interpret the economic growth and cobb-douglas model

COURSE'S CONTRIBUTION TO PROGRAM

	PO 01	PO 02	PO 03	PO 04	PO 05	PO 06	PO 07	PO 08	PO 09	PO 10	PO 11	PO 12
LO 001	5	5	4	5	4	5	4	5	4	5	4	5
LO 002	5	4	5	4	5	4	5	4	5	4	5	4
LO 003	4	5	4	5	4	5	4	5	5	5	5	5
LO 004	5	4	5	4	5	4	5	4	5	4	5	5
LO 005	5	4	5	4	5	4	5	4	5	4	3	4
LO 006	4	3	5	4	3	4	5	4	3	4	5	4
LO 007	4	5	4	3	4	5	4	4	4	5	5	5
Sub Total	32	30	32	29	30	31	32	30	31	31	32	32
Contribution	5	4	5	4	4	4	5	4	4	4	5	5

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION

Activities	Quantity	Duration (Hour)	Total Work Load (Hour)
Course Duration (14 weeks/theoric+practical)	13	5	65
Hours for off-the-classroom study (Pre-study, practice)	13	3	39
Assignments	2	13	26
Final examination	1	39	39
Midterm	1	26	26
Total Work Load ECTS Credit of the Course			195 7,5

COURSE DETAILS

Select Year

Course Details

Course Code	Course Title	L+P Hour	Course Code	Language Of Instruction	Course Semester
IKT 544	MACRO ANALYSIS IN THE OPEN ECONOMY	3 + 0	1	Turkish	2022-2023 Spring

Course Coordinator	E-Mail	Phone Number	Course Location	Attendance
Prof. Dr. İSMAİL ÇEVİŞ	icevis@pau.edu.tr		İİBF A0222	%70

Goals		to analyzes the open economy's macroeconomics policy
Content		Monetary model, Lucas model, ,nternational real business cycles, foreign exchange markets efficiency, the real exchange rate, Mundell-Fleming model, the new international macroeconomics, balance of payments crises.

Topics

Weeks	Topics
1	Introduction
2	The Balance of payments and exchange rate
3	The prices in the open economy : the purchasing power parity
4	The financial markets in the open economy
5	Open economy macroeconomics: IS-LM model
6	midterm exam
7	Exchange rate determination: Flexible price (monetary model)
8	Exchange rate determination: Flexible price (monetary model)
9	Exchange rate determination: Fixed price (The Mundel -Fleming Model)
10	Exchange rate determination: Fixed price (The Mundel -Fleming Model)
11	Exchange rate determination: Sticky price (Dornbusch Model)
12	Exchange rate determination: Sticky price (Dornbusch Model)
13	Portfolio balance and current account
14	Currency substitution

Materials

Materials are not specified.

Resources

Resources	Resources Language
Laurence S. Copeland "Exchange Rates and İnternational Finance", Prentice Hall, 2000	English

Course Assessment

Assesment Methods	Percentage (%)	Assesment Methods Title
Final Exam	50	Final Exam
Midterm Exam	50	Midterm Exam

L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes

Prospective Student