ECON204 MACROECONOMIC THEORY II
Course Code: | 3110204 |
METU Credit (Theoretical-Laboratory hours/week): | 4 (3.00 - 2.00) |
ECTS Credit: | 7.0 |
Department: | Economics |
Language of Instruction: | English |
Level of Study: | Undergraduate |
Course Coordinator: | Prof.Dr. DÜRDANE ŞİRİN SARAÇOĞLU |
Offered Semester: | Fall and Spring Semesters. |
Course Objectives
Course Content
Intertemporal consumption-saving decisions; Ricardian equivalence theorem; credit market imperfections; intertemporal investment decision of the firm; optimal investment rule; cash-in-advance model; Fisher relation; Liquidity trap; menetary policy rules; neutrality of money; New Keynesian Economics; Keynesian transmission mechanism for monetary policy; menu cost models; Freidman rule; Financial intermediation and Banking; The Diamond-Dybvig Banking model; The Phillips curve; Rational expectations hypothesis; Time consistency problem; Beginning of Modern Macroeconomics; The Neoclassical Synthesis; The Rational Expectations Critique.
Course Learning Outcomes
Program Outcomes Matrix
Level of Contribution | |||||
# | Program Outcomes | 0 | 1 | 2 | 3 |
1 | The aim of our program is to equip our students with the necessary skills and tools to have a firm understanding of economic theory and policymaking. Our graduates will be able to conceptualize economic problems, assess, analyze, and propose scientific solutions to them. | ✔ | |||
2 | Our students are expected to have interdisciplinary perspective to be able to follow and understand daily economic and political developments. | ✔ | |||
3 | Our program also trains students to be open to new ideas, be sensitive about social problems surrounding them and work towards providing solutions for these to share with their community. | ✔ |
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution