mozdemir@uludag.edu.tr, 0224 294 10 95, Uludağ Üniversitesi İktisadi ve İdari Bilimler Fakültesi İktisat Bölümü 16059 Nilüfer / Bursa
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Website:
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Objective 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.
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Contribution of the Course to Professional Development
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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.;
6
Students should increase their awareness of and interest in current economic events about international and national economic policies.;
7
Students should understand the dynamics of business cycles and crises in developed and emerging market economies.;
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Students should be able to interpret and evaluate monetary and fiscal policies to manage the cycle and mitigate the effects of crises. ;
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Students should be able to interpret and evaluate current and future directions of Turkish economy.;
10
Students acquire skills to use and apply these theories and methods to real-world economic problems in their future professional career.;
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Course Content:
Week
Theoretical
Practical
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
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New Neoclassical Synthesis: Theory and Policy
5
Post Keynesian Business Cycle Theory : Credit and Financial (In)stability
6
Political Business Cycle
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Macroeconomics: Data and Forecasting
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Financial Crisis : Models and Cycles
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Business Cycles and Crises in Developed Countries
10
Business Cycles and Crises in Emerging Market Countries: Turkish Economy I
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Managing Business Cycles : Theory, Policy and Institutions
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Inflation Targeting : Theory and Policy
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Business Cycle and Crises: Turkish Economy II
14
Business Cycle, Crises and Macroeconomics: Quo Vadis?
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Textbooks, References and/or Other Materials:
- 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
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Assesment
TERM LEARNING ACTIVITIES
NUMBER
PERCENT
Midterm Exam
1
40
Quiz
0
0
Homeworks, Performances
0
0
Final Exam
1
60
Total
2
100
Contribution of Term (Year) Learning Activities to Success Grade
40
Contribution of Final Exam to Success Grade
60
Total
100
Measurement and Evaluation Techniques Used in the Course
Information
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ECTS / WORK LOAD TABLE
Activites
NUMBER
TIME [Hour]
Total WorkLoad [Hour]
Theoretical
14
3
42
Practicals/Labs
0
0
0
Self Study and Preparation
14
5
70
Homeworks, Performances
0
0
0
Projects
0
0
0
Field Studies
0
0
0
Midtermexams
1
20
20
Others
0
0
0
Final Exams
1
48
48
Total WorkLoad
180
Total workload/ 30 hr
6
ECTS Credit of the Course
6
26
CONTRIBUTION OF LEARNING OUTCOMES TO PROGRAMME QUALIFICATIONS
