| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İKT408.8B2 | International Financial Crises | Elective | 4 | 8 | 5 |
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| Level of Course Unit |
| First Cycle |
| Objectives of the Course |
| The first objective of the course is to provide in-depth analyses of business cycles and financial crises and their effects on key macroeconomic variables and to give a theoretical and empirical understanding of the nature of business cycles in modern market economies and Turkish economy.The second objective of the course is to give students the tools and methodologies that are necessary to build a conjonctural and forecasting analysis and to evaluate macroeconomic policy to manage the cycle. |
| Name of Lecturer(s) |
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| Learning Outcomes |
| 1 | Students should be able to apply macroeconomic theories to explain business cycles and crises. ; | | 2 | Students should use empirical and theoretical economic analysis to describe and measure business cycles.; | | 3 | Students are expected to be able to analyse macroeconomic datas to explore key quantitative relations between macroeconomic variables.; | | 4 | Students should develop their analytical abilities to make short run macroeconomic forecasts.; | | 5 | Students are expected to be able to analyze the main factors and stylized facts driving cycles and crises.; |
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| Mode of Delivery |
| Normal Education |
| Prerequisites and co-requisities |
| None |
| Recommended Optional Programme Components |
| None |
| Course Contents |
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| Weekly Detailed Course Contents |
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| 1 | Business Cycles and Financial Crisis : Historical and Theoretical Framework | | | | 2 | Keynesian vs. Monetarist/New Classical Business Cycle : Theory and Policy | | | | 3 | New Keynesian vs. Real Business Cycle : Theory and Policy | | | | 4 | New Neoclassical Synthesis: Theory and Policy | | | | 5 | Post Keynesian Business Cycle Theory : Credit and Financial (In)stability | | | | 6 | Political Business Cycle | | | | 7 | Macroeconomics: Data and Forecasting | | | | 8 | Midterm | | | | 9 | Financial Crisis : Models and Cycles | | | | 10 | Business Cycles and Crises in Developed Countries | | | | 11 | Business Cycles and Crises in Emerging Market Countries: Turkish Economy I | | | | 12 | Managing Business Cycles : Theory, Policy and Institutions | | | | 13 | Inflation Targeting : Theory and Policy | | | | 14 | Business Cycle and Crises: Turkish Economy II | | | | 15 | Business Cycle, Crises and Macroeconomics: Quo Vadis? | | |
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| Recommended or Required Reading |
| - Mustafa Özer, Modern Konjonktür Teorileri, Bursa: Ekin Kitabevi, 2006 - İlker Parasız ve Melike Bildirici, Modern Konjonktür Teorileri, Bursa: Ezgi Kitabevi, 2006 - Metin Özdemir, Enflasyon Hedeflemesi Teorisi: Gelişmekte Olan Ülkelerde Uygulanabilirliği ve Türkiye, İstanbul: İktisadi Araştırmalar Vakfı, 2007 |
| Planned Learning Activities and Teaching Methods |
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| Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
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| Workload Calculation |
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| Midterm Examination | 1 | 1 | 1 |
| Final Examination | 1 | 1 | 1 |
| Attending Lectures | 14 | 3 | 42 |
| Self Study | 14 | 3 | 42 |
| Individual Study for Mid term Examination | 1 | 30 | 30 |
| Individual Study for Final Examination | 1 | 35 | 35 |
|
| Contribution of Learning Outcomes to Programme Outcomes |
| LO1 | 4 | 2 | 3 | 2 | 2 | 3 | 1 | | LO2 | 3 | 3 | 4 | 3 | 3 | 2 | 1 | | LO3 | 4 | 3 | 3 | 3 | 3 | 2 | 1 | | LO4 | 3 | 3 | 3 | 3 | 3 | 2 | 1 | | LO5 | 3 | 2 | 3 | 3 | 3 | 2 | 1 |
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| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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