DEGREE PROGRAMS  Associate's Degree (Short Cycle)  Bachelor’s Degree (First Cycle)  Master’s Degree (Second Cycle)

Course Description Course Name : Mathematical Economics II Course Code : IEM 708 Course Type : Optional Level of Course : Second Cycle Year of Study : 1 Course Semester : Spring (16 Weeks) ECTS : 6 Name of Lecturer(s) : Asst.Prof.Dr. CEVAT BİLGİN Learning Outcomes of the Course : Explains national income accountings Identifies aggregate production and productivity Analyses saving-ivestment relations in closed and open economies Explains the contents of money and inflation, and evalutes the relations between them Mode of Delivery : Face-to-Face Prerequisites and Co-Prerequisites : None Recommended Optional Programme Components : None Aim(s) of Course : Understanding intermadiate and advanced macroeconomic theory , evaluating macroeconomic concepts and relations in an analytical context Course Contents : National income accountings, savings and investment in open and closed economies, contents of money and inflation Language of Instruction : Turkish Work Place : in class   Course Outline /Schedule (Weekly) Planned Learning Activities Week Subject Student's Preliminary Work Learning Activities and Teaching Methods 1 Practice of macroeconomics and meaning of macroeconomic policy Reading the textbook Lecture and discussion 2 National income accountings, production approach to GDP Reading the textbook Lecture and discussion 3 Expenditure approach to GDP, income approach to GDP, real versus nominal GDP Reading the textbook Lecture and discussion 4 Measuring inflation, unemployment and interest rates Reading the textbook Lecture and discussion 5 Determinants of aggregate production and determination of factor prices Reading the textbook Lecture and discussion 6 Saving-investment relation Reading the textbook Lecture and discussion 7 Saving, investment and commodity market equilibrium in a closed economy Reading the textbook Lecture and discussion 8 Midterm exam 9 Responses to changes in saving and investment Reading the textbook Lecture and discussion 10 Saving, investment and commodity market equilibrium in an open economy Reading the textbook Lecture and discussion 11 Saving, investment and trade balance in a small open economy Reading the textbook Lecture and discussion 12 Responses to changes in saving and investment Reading the textbook Lecture and discussion 13 Definition of Money and its contents Reading the textbook Lecture and discussion 14 Money supply and quantity theory of Money Reading the textbook Lecture and discussion 15 Monetary base and Money multipler Reading the textbook Lecture and discussion 16/17 Final exam   Required Course Resources Resource Type Resource Name Recommended Course Material(s)  Macroeconomics: Policy and Practice, F.S.Mishkin, Pearson Education Inc., 2012 Required Course Material(s)   Assessment Methods and Assessment Criteria Semester/Year Assessments Number Contribution Percentage     Mid-term Exams (Written, Oral, etc.) 1 70     Homeworks/Projects/Others 2 30 Total 100 Rate of Semester/Year Assessments to Success 40   Final Assessments 100 Rate of Final Assessments to Success 60 Total 100   Contribution of the Course to Key Learning Outcomes # Key Learning Outcome Contribution* 1 Explains Econometric concepts 1 2 Equipped with the foundations of Economics, develops Economic models 5 3 Models problems using the knowledge of Mathematics, Statistics, and Econometrics 3 4 Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems 5 5 Collects, edits, and analyzes data 2 6 Uses advanced software packages concerning Econometrics, Statistics, and Operation Research 0 7 Develops the ability to use different resources in an area which has not been studied in the scope of academic rules, synthesizes the information gathered, and gives effective presentations 3 8 Speaks Turkish and at least one other foreign language in accordance with the requirements of academic and business life. 3 9 Questions traditional approaches and their implementation and develops alternative study programs when required 2 10 Recognizes and implements social, scientific, and professional ethic values 2 11 Gives a consistent estimate for the model and analyzes and interprets its results 2 12 Takes responsibility individually and/or as a member of a team; leads a team and works effectively 2 13 Defines the concepts of statistics, operations research and mathematics. 2 14 Knowing the necessity of life-long learning, follows the latest developments in the field of study and improves himself continiously 1 15 Follows the current issues, and interprets the data about economic and social events. 3 16 Understands and interprets the feelings, thoughts and behaviours of people and expresses himself/herself orally and in written form efficiently 1 * Contribution levels are between 0 (not) and 5 (maximum).   Student Workload - ECTS Works Number Time (Hour) Total Workload (Hour) Course Related Works     Class Time (Exam weeks are excluded) 14 3 42     Out of Class Study (Preliminary Work, Practice) 14 6 84 Assesment Related Works     Homeworks, Projects, Others 2 8 16     Mid-term Exams (Written, Oral, etc.) 1 2 2     Final Exam 1 2 2 Total Workload: 146 Total Workload / 25 (h): 5.84 ECTS Credit: 6