Course Code and Title	EKO 654 Macroeconomics II
Type of Course	Compulsory
Credit of the Course	3 0 3
ECTS Credit
Lecturer	Associate Prof. Timurhan GÜR
Prerequisites	None
Period of the Course	1 Semester / 3 hours each week
Course Contents	Intrinsic Dynamics: The Ricardian Equivalency Controversy, Financing Desirability Budget Deficit, Money and Bond Financing Open Economy Macroeconomics: Standard Mundell/Fleming Model, Fixed and Flexible Exchange Rates, Exchange Rate Expectations School of Macroconomics: Classicals vs Keynesians, Monetarists, New Classicals and Real Business Cycle, New Keynesians Stabilization Policies
Purpose of the Course (Learning Outcomes)	To fill the gap between intermediate texts and the advanced analysis found in the economic theory journals. Attempt to teach macroeconomics by schools and methods. This courses cover selected major areas of modern macroeconomics. One objective is to expose students to both theoretical approaches and analytical techniques. In addition, the module will provide students with an understanding of applied macroeconomic research. Much of the reading will be from original articles in research journals.
Recommended Reading	Scarth, William M. , “Macroeconomics: An Introduction to Advanced Methods”, HBJ (Harcourt Brace Jovanovich, Toronto Heijdra, Ben J. and Frederick Van der Ploeg, “Foundation of Modern Macroeconomics”, Oxford Press Snowdon, Brian and Howard R. Vane, “Modern Macroeconomics: Its Origins, Development And Current State”, Edward Elgar Press
Teaching Methods	Lectures and problem solving
Assessment methods	2 midterm exams (25% each), and a final exam (50%)
Language of Instruction	Turkish