GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
OPEN ECONOMY MACRO MODELLLINGS/4130048
Course Title: OPEN ECONOMY MACRO MODELLLINGS
Credits 3 ECTS 7.5
Semester 1 Compulsory/Elective Elective
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- NAME OF LECTURER(S)
  Prof. Dr. Selahattin Togay
 -- WEB SITE(S) OF LECTURER(S)
  http://websitem.gazi.edu.tr/site/stogay
 -- EMAIL(S) OF LECTURER(S)
  stogay@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
Upon successful completion of this course students should be able to: - understand, analyse and assess balance of payments and exchange-rate determi
Upon successful completion of this course students should be able to: - understand, analyse and assess financial markets
Upon successful completion of this course students should be able to: - understand, analyse and assess simple portfolio model
Upon successful completion of this course students should be able to: - understand, analyse and assess money&banks
Upon successful completion of this course students should be able to: - understand, analyse and assess open economy
Upon successful completion of this course students should be able to: - understand, analyse and assess Mundell-Fleming-Tobin model
Upon successful completion of this course students should be able to: - understand, analyse and assess Fixed and Floating exchange rate regimes
Upon successful completion of this course students should be able to: - understand, analyse and assess Currency Boards, Target Zone and the role of
Upon successful completion of this course students should be able to: - understand, analyse and assess Real interest rates, expected inflation, defl
Upon successful completion of this course students should be able to: - understand, analyse and assess Monetay Union and optimal currency areas
 -- 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  Financial Markets
2. Week  Simple portfolio model
3. Week  Money
4. Week  Banks
5. Week  The open economy
6. Week  Mundell-Fleming-Tobin model
7. Week  Fixed and Floating exchange rate regimes
8. Week  Mid-term Exam
9. Week  The Balance Sheet
10. Week  Currency Boards, Target Zone and the role of foreign exchange reserves
11. Week  Exchange Rate versus price level targets and output stability
12. Week  The International Monetary System
13. Week  Monetay Union and optimal currency areas
14. Week  Purchasing power parity and the law of one price
15. Week  Real interest rates, expected inflation, deflator
16. Week  Final exam
 -- RECOMMENDED OR REQUIRED READING
  A.Rodseth, Open Economy Macroeconomics Krugman,International Economics
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
  Lecture and question&answer
 -- WORK PLACEMENT(S)
  Not Applicable
 -- 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
5
2
10
 Designing and Applying Materials
10
1
10
 Preparing Reports
3
5
15
 Preparing Presentation
0
 Presentation
0
 Mid-Term and Studying for Mid-Term
2
5
10
 Final and Studying for Final
2
5
10
 Other
8
6
48
 TOTAL WORKLOAD: 
187
 TOTAL WORKLOAD / 25: 
7.48
 ECTS: 
7.5
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1X
2X
3X
4X
5X
6X
7X
8X
9X
10X
11X
12X
13X
14X