GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION

INTERNATIONAL MACROECONOMIC MODELS/5080046

Course Title:	INTERNATIONAL MACROECONOMIC MODELS
Credits	3	ECTS	7.5
Semester	1	Compulsory/Elective	Elective

COURSE INFO

-- LANGUAGE OF INSTRUCTION

Turkish

-- NAME OF LECTURER(S)

Professor Alpaslan Akçoraoğlu

-- WEB SITE(S) OF LECTURER(S)

http://websitem.gazi.edu.tr/site/akcora

-- EMAIL(S) OF LECTURER(S)

akcora@gazi.edu.tr

-- LEARNING OUTCOMES OF THE COURSE UNIT

Learn theoretical structure of open economy macroeconomics models.
Learn empirical applications of international macroeconomic models.
Learn Relations among World Economy, Global Economic Problems,and Economic Models.

-- 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	Intertemporal Approach to Current Account Balance I (A Small Two-Period Endowment Economy)
2. Week	Intertemporal Approach to Current Account Balance II (Role of Investment)
3. Week	Intertemporal Approach to Current Account Balance III (A Two-Region World Economy)
4. Week	New Keynesian Open Economy Phillips Curve I
5. Week	New Keynesian Open Economy Phillips Curve II
6. Week	Globalization and Inflation: Global Output Gap Hypothesis
7. Week	Feldstein-Horioka Puzzle and Home Bias in International Trade,Home Bias in Financial Assets Markets
8. Week	MIDTERM
9. Week	International Consumption and Output Correlations, Pricing Paradox (PPP Paradox),Exchange Rate (Meese-Rogoff, Baxter-Stockman)
10. Week	Models of Exchange Rate Determination I (Dornbusch Model, Present Value Models, Taylor-rule Type of Models)
11. Week	Models of Exchange Rate Determination II (Dornbusch Model, Present Value Models, Taylor-rule Type of Models)
12. Week	New International Macroeconomics (NOEM)I (Redux Model)
13. Week	New International Macroeconomics (NOEM)II (Pricing-to-Market)
14. Week	New International Macroeconomics (NOEM)III
15. Week	Globalization and Monetary Control
16. Week	FINAL

-- RECOMMENDED OR REQUIRED READING

Nelson C. Mark "International Macroeconomics and Finance" M.Obstfeld and K.Rogoff "Foundations of International Macroeconomics"

-- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS

Lecture, Question & Answer, Demonstration, Drill - Practise

-- WORK PLACEMENT(S)

NONE

-- 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	14	3	42
Practising Hours of Course Per Week			0
Reading	14	3	42
Searching in Internet and Library	14	2	28
Designing and Applying Materials			0
Preparing Reports	1	10	10
Preparing Presentation			0
Presentation			0
Mid-Term and Studying for Mid-Term	4	6	24
Final and Studying for Final	4	10	40
Other			0
TOTAL WORKLOAD:			186
TOTAL WORKLOAD / 25:			7.44
ECTS:			7.5

-- COURSE'S CONTRIBUTION TO PROGRAM

NO	PROGRAM LEARNING OUTCOMES	1	2	3	4	5
1					X
2				X
3			X
4						X
5						X
6						X
7						X
8						X
9				X
10						X

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GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR