Traditional and endogenous growth theories real business cycles, overlapping generation models.
Macroeconomics I (ECON 503)
2022 Fall
Faculty of Arts and Social Sciences
Economics(ECON)
3
10
Emrehan Aktuğ emrehan.aktug@sabanciuniv.edu,
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English
Doctoral, Master
--
Formal lecture
Interactive
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| Programs\Type | Required | Core Elective | Area Elective |
| Business Analytics - With Thesis | * | ||
| Computer Science and Engineering - With Master's Degree | * | ||
| Economics - Non Thesis | * | ||
| Economics - With Bachelor's Degree | * | ||
| Economics - With Thesis | * | ||
| Leaders for Industry Biological Sciences and Bioengineering - Non Thesis | * | ||
| Leaders for Industry Industrial Engineering - Non Thesis | * | ||
| Leaders for Industry Materials Science and Engineering - Non Thesis | * | ||
| Leaders for Industry Mechatronics Engineering - Non Thesis | * | ||
| Management Ph.D. - Finance Area - With Bachelor's Degree | * | ||
| Management Ph.D. - Management and Organization Area - With Bachelor's Degree | * | ||
| Management Ph.D. - Operations and Supply Chain Management Area - With Bachelor's Degree | * | ||
| Management Ph.D. - With Bachelor's Degree | * |
CONTENT
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 OUTCOMES
- 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.
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ASSESSMENT METHODS and CRITERIA
| Percentage (%) | |
| Final | 40 |
| Midterm | 40 |
| Assignment | 20 |
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. |