Macroeconomics I (ECON 503)

2021 Fall
Faculty of Arts and Social Sciences
Economics(ECON)
3
10.00
Remzi Kaygusuz rkaygusuz@sabanciuniv.edu,
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English
Doctoral, Master
--
Formal lecture
Interactive
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Programs\Type Required Core Elective Area Elective
MA-Conf.Analys.&Resol-Non Thes
MA-Conflict Analys.&Resolution
MA-Cultural Studies
MA-Cultural Studies-Non Thesis
MA-Economics *
MA-Economics-Non Thesis *
MA-European Studies
MA-European Studies-Non Thesis
MA-Political Science
MA-Political Science-Non Thes
MA-Turkish Studies
MA-Turkish Studies-Non Thesis
MA-Visual Arts&Vis. Com Des-NT
MA-Visual Arts&Visual Com Des
MS-Bio. Sci. & Bioeng. LFI
MS-Bio. Sci. & Bioeng. LFI-ENG
MS-Business Analytics
MS-Industrial Eng. LFI-ENG
MS-Industrial Engineering LFI
MS-Materials Sci. & Eng. LFI
MS-Materials Sci.&Eng. LFI-ENG
MS-Mechatronics LFI
MS-Mechatronics LFI-ENG
MS-Psychology
MS-Psychology-Non Thesis
Management Research
PHD-Computer Science and Eng. *
PHD-Experimental Psychology
PHD-Gender Studies
PHD-Management
PHD-Social Psychology
PHDECON after UG *
PHDEPSY after UG
PHDMAN after UG
PHDMAN after UG-Finance
PHDMAN after UG-Man. and Org.
PHDMAN after UG-Op.&Sup. Cha.
PHDMAN-Finance Area
PHDMAN-Man. and Org. Area
PHDMAN-Op. & Supp. Chain Area
PHDSPSY after UG

CONTENT

Traditional and endogenous growth theories real business cycles, overlapping generation models.

OBJECTIVE

In this course, main issues in modern macroeconomic theory will be discussed and modern macroeconomic tools and techniques will be extensively studied. The main topics that will be covered are Deterministic and Stochastic Neoclassical Growth Models, and Real Business Cycle Theory.

LEARNING OUTCOME

On completion of the module, students should be able to
a) set up and solve dynamic macroeconomic problems,
b) develop intuitive economic reasoning to the problems they face,
c) understand and illustrate the differences between competitive market outcomes and socially efficient outcomes.

ASSESSMENT METHODS and CRITERIA

  Percentage (%)
Final 35
Midterm 35
Assignment 30

RECOMENDED or REQUIRED READINGS

Textbook

Nancy L. Stokey and Robert E. Lucas, Jr. with Edward C. Prescott, 1999, Recursive Methods in Economic Dynamics, Harvard University Press.
Lars Ljungqvist and Thomas Sargent, 2000, Recursive Macroeconomic Theory, The MIT Press.