ECON439 TOPICS IN MACROECONOMICS
| Course Code: | 3110439 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Prof.Dr. ABDULAHAT MUHİTTİN CEM SOMEL |
| Offered Semester: | Fall or Spring Semesters. |
Course Objectives
1. To familiarize students with the problems of developing countries in the international division of labor.
2. To enhance students' understanding of the relationship between investment, saving and the trade balance.
3. To give students an understanding of possible explanations of stable global uneven development equilibria.
4. To give students an understanding of the transfer problem.
5. To develop students' ability to read macroeconomic equations in models.
Course Content
The course aims to enhance students understanding of macroeconomics and trade concepts through a study of North-South trade models.
Prerequisite: ECON 202.
Course Learning Outcomes
1. Students who are knowledgeable about developing countries' growth and trade balance problems in the international division of labor.
2. Students who have a grasp of the basic relationship between saving, investment and the trade balance.
3. Students who are familiar with the transfer problem (the macroeconomics of the problem of external debt repayment).
4. Students who can analyze a global economic equilibirium with uneven development.
5. Students who can confidently study and criticise macroeconomic equations in models.
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | Use and develop skillfully economic concepts and theories, analyse economic behaviour and events by conceptualizing and evaluating via scientific methods (Has skills regarding theory and analysis) | ✔ | |||
| 2 | Evaluate how economic policies affect economic performance and how economic interest, relationship and interaction affect policy decisions (Knowledgeable about economic policies) | ✔ | |||
| 3 | Design and carry out studies regarding data collection, analysis and evaluation, that can be used in decision processes at every level (individual, firm, government, etc.)(Knowledgeable about quantitative and qualitative methods) | ✔ | |||
| 4 | Evaluate systematically and compare economic knowledge, phenomena and methodology; Develop critical, creative/innovative approaches to these (Critical, creative, innovative) | ✔ | |||
| 5 | Understand current economic phenomena and relevant political developments using information and data from various resources and provide multifaceted explanations (Concerned about current events) | ✔ | |||
| 6 | Follow developments in economic theory and methods; Be open to continuous learning (Open to continuous learning) | ✔ | |||
| 7 | Have skills to work independently and in a team (Individual and teamwork) | ✔ | |||
| 8 | Approach critically to economic and societal events and problems while being sensitive to social problems; Produce solutions to these problems by scientific approach; Share own thoughts (Sensitive to social problems) | ✔ | |||
| 9 | Communicate clearly, effectively and fluently (in English and Turkish) verbally and in writing, utilizing new technologies (Has effective communication skills) | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution