GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
MACRO THEORY OF OPEN ECONOMY/1110004
Course Title: MACRO THEORY OF OPEN ECONOMY
Credits 3 ECTS 7.5
Semester 1 Compulsory/Elective Compulsory
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- NAME OF LECTURER(S)
  Prof. Hakan Naim ARDOR
 -- WEB SITE(S) OF LECTURER(S)
  http://websitem.gazi.edu.tr/site/ardor
 -- EMAIL(S) OF LECTURER(S)
  ardor@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
Understanding the facts which have occured in World Economoy since 1970s with macroeconomics tools
Searching for the harmony between international economoy policies
Analysing the effects of the transformation in World Economy after 1980 to Turkey






 -- MODE OF DELIVERY
  The mode of delivery of this course is Face to face
 -- PREREQUISITES AND CO-REQUISITES
  There is no prerequisite or co-requisite for this course.
 -- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS
  There is no recommended optional programme component for this course.
 --COURSE CONTENT
1. Week  The importance of Open Economoy Macro Economics (OEME): Why do we study OEME?
2. Week  The reasons of the developing countries'participations to gobalisation process
3. Week  The traditional fixed-price analysis of IS/LM in OEME
4. Week  The traditional fixed-price analysis of IS/LM in OEME
5. Week  The traditional fixed-price analysis of IS/LM in OEME: Mundell(1963)-Fleming (1962) Model
6. Week  Mundell(1963)-Fleming (1962) Model
7. Week  Midterm Exam
8. Week  Changing the Mundell(1963)-Fleming (1962) Model
9. Week  Changing the Mundell(1963)-Fleming (1962) Model: The effect of international balance of payments
10. Week  Exchange Rate Expectations
11. Week  Exchange Rate Expectations: Under Rational Expectations
12. Week  Supply-side Effects of Exchange Rates
13. Week  Supply-side Effects of Exchange Rates: Unstable international good prices and effects of these to macro economics
14. Week  AS/AD Analysis in OEME
15. Week  AS/AD Analysis in OEME
16. Week  Final
 -- RECOMMENDED OR REQUIRED READING
  William M. Scarth (1988), Macroeconomics, HBJ Pub., Toronto. Laurence S. Copeland (1994), Exchange Rates and International Finance, II.Edition, Addison-Wesley Pub. Co., Cornwall. Frederick Mishkin (2007), Monetary Policy Strategy.
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
  Lecture, Question & Answer, Demonstration
 -- WORK PLACEMENT(S)
  -
 -- ASSESSMENT METHODS AND CRITERIA
 
Quantity
Percentage
 Mid-terms
1
40
 Assignment
0
0
 Exercises
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Contribution of In-term Studies to Overall Grade  
40
 Contribution of Final Examination to Overall Grade  
60
 -- WORKLOAD
 Efficiency  Total Week Count  Weekly Duration (in hour)  Total Workload in Semester
 Theoretical Study Hours of Course Per Week
15
3
45
 Practising Hours of Course Per Week
0
 Reading
15
3
45
 Searching in Internet and Library
15
3
45
 Designing and Applying Materials
0
 Preparing Reports
0
 Preparing Presentation
0
 Presentation
0
 Mid-Term and Studying for Mid-Term
1
25
25
 Final and Studying for Final
1
25
25
 Other
0
 TOTAL WORKLOAD: 
185
 TOTAL WORKLOAD / 25: 
7.4
 ECTS: 
7.5
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1To have theoretical knowledge in the field of International Economics at the proficiency levelX
2To have detailed knowledge about the Foreign Trade Theories, the rules, institutions and process of world trade, and the effects of international capital movementsX
3To conceive the interaction between economics and other disciplinesX
4To analyze theoretical knowledge and to be able to use practical knowledgeX
5To develop solutions for economic problems by using research methodsX
6To have the experience of using information technologies and basic computer programs at the high level in order to share their accumulated knowledge and problem solving abilityX
7To communicate with colleagues by using a foreign languageX
8To have the ability to interpret economic and social events through the acquired capability to think analytically and critically, and to be open for innovative ideasX
9To have a sound knowledge of the quantitative and qualitative methods that will help to examine the premises of different theoriesX
10To be compatible for teamwork in order to use their accumulated knowledge in research projectsX
11To be able to work on matters that require expertise in economics independentlyX
12To be aware of professional and scientific ethical codes at stages of economic data collection and interpretationX
13To be able to use their leadership skills by taking responsibility in the face of complex economic problemsX