COURSE SYLLABUS

POST KEYNESIAN ECONOMICS

1	Course Title:	POST KEYNESIAN ECONOMICS
2	Course Code:	IKT5115
3	Type of Course:	Optional
4	Level of Course:	Second Cycle
5	Year of Study:	1
6	Semester:	1
7	ECTS Credits Allocated:	4
8	Theoretical (hour/week):	2
9	Practice (hour/week) :	0
10	Laboratory (hour/week) :	0
11	Prerequisites:	No Prerequiste
12	Recommended optional programme components:	None
13	Language:	Turkish
14	Mode of Delivery:	Face to face
15	Course Coordinator:	Doç.Dr. METİN ÖZDEMİR
16	Course Lecturers:	Doç. Dr. Metin Özdemir
17	Contactinformation of the Course Coordinator:	mozdemir@uludag.edu.tr, 0224 294 11 00, Uludağ Üniversitesi İktisadi ve İdari Bilimler Fakültesi İktisat Bölümü 16059 Nilüfer/Bursa
18	Website:
19	Objective of the Course:	The first objective of the course is to provide the essential characteristics of Post-Keynesian economics. The second objective of the course is to present a coherent and powerful alternative paradigm for the study of macroeconomics, namely that of Post-Keynesian economics.
20	Contribution of the Course to Professional Development

Learning Outcomes:

1	Students should be able to identify the main features of Post-Keynesian economics.;
2	Students should learn the main contrasting features of the mainstream and Post-Keynesian economics. ;
3	Students should be able to explain the pricing decisions of firms in the Post-Keynesian framework.;
4	Students should explain why, aggregate demand determines output and employment both in the short and the long run in the Post-Keynesian framework.;
5	Students should understand why money is endogenous in modern macroeconomics and monetary policy.;
6	Students should explain, why, credit and financial stability is at the center of modern business cycles.;
7	Students should be able to analyse alternative monetary and fiscal policies to manage the cycle and mitigate the effects of crises. ;
8	Students should have a clear understanding of the flaws of mainstream economics and be able to critically analyse the mainstream economic policies.;
9	Students acquire skills to use and apply Post-Keynesian framework to real-world economic problems.;
10	Students have a clear understanding of how the framework can be used to analyse a number of policy issues in Turkish economy.;

22	Course Content:

Week	Theoretical	Practical
1	Mainstream vs. Heterodox Macroeconomics
2	J.M. Keynes and Mainstream vs. Post-Keynesian Economics
3	Post-Keynesian School : Microeconomics
4	Post-Keynesian School : Macroeconomics
5	Effective Demand and Employment
6	Investment and Growth
7	Inflation and Deflation
8	Post-Keynesian Monetary Theory and Central Banking
9	Credit, Financial Stability and Business Cycles
10	Alternative to New Consensus Model I: Post-Keynesian Monetary Policy and Inflation Targeting
11	Alternative to New Consensus Model II: Post-Keynesian Fiscal Policy
12	International Financial Architecture and Post-Keynesian Economics
13	Crisis and Post-Keynesian Economics
14	Post-Keynesian Economics as an Alternative to Mainstream : Quo Vadis?

23	Textbooks, References and/or Other Materials:	- Marc Lavoie, Introduction to Post-Keynesian Economics, UK:Palgrave, 2006. - Sayım Işık, Para, Finans ve Kriz, Post Keynesyen Yaklaşım, 2.basım, Ankara: Palme Yay., 2010. - Metin Özdemir, Enflasyon Hedeflemesi Teorisi: Gelişmekte Olan Ülkelerde Uygulanabilirliği ve Türkiye, İstanbul: İktisadi Araştırmalar Vakfı,
24	Assesment

TERM LEARNING ACTIVITIES	NUMBER	PERCENT
Midterm Exam	0	0
Quiz	0	0
Homeworks, Performances	1	20
Final Exam	1	80
Total	2	100
Contribution of Term (Year) Learning Activities to Success Grade		20
Contribution of Final Exam to Success Grade		80
Total		100
Measurement and Evaluation Techniques Used in the Course
Information

ECTS / WORK LOAD TABLE

CONTRIBUTION OF LEARNING OUTCOMES TO PROGRAMME QUALIFICATIONS

LO: Learning Objectives

PQ: Program Qualifications

Contribution Level:

1 Very Low

2 Low

3 Medium

4 High

5 Very High