School of Economics and Administrative Sciences \ Economics
Course Credit
ECTS Credit
Course Type
Instructional Language
Programs that can take the course
This course provides an advanced analysis of economic growth, consumption, business cycles, and unemployment.
Textbook and / or References
Economic Growth (R. Barro & X. Sala-i Martin)
Models for Dynamic Macroeconomics (F. Bagliano & G. Bertola)
Advanced Macroeconomics (D. Romer)
Equilibrium Unemployment Theory (C. A. Pissarides)
There is a significant difference between undergraduate and graduate-level economics education in terms of topic coverage. This course aims to bridge that gap by introducing students to topics they will encounter in graduate programs in a simplified manner, thereby enhancing their future academic success.
1. Prepares students who plan to pursue a master's/Ph.D. in economics for these programs.
2. Introduces models that incorporate individual behavior at a microeconomic level when analyzing macroeconomic topics.
3. Examines economic models that yield quantitative results.
Week 1: Economic Growth (Solow Model)
Week 2: Economic Growth (Solow Model)
Week 3: Economic Growth (Endogenous Growth and Ramsey Models)
Week 4: Economic Growth (Ramsey Model)
Week 5: Consumption (Dynamic Programming and Consumer Problem)
Week 6: Consumption (Permanent Income Hypothesis)
Week 7: Consumption (Precautionary Savings)
Week 8: Consumption (Asset Pricing Model)
Week 9: Business Cycles (Data Analysis)
Week 10: Business Cycles (Dynamic Stochastic General Equilibrium Models)
Week 11: Business Cycles (Dynamic Stochastic General Equilibrium Models)
Week 12: Unemployment (Search and Matching Model)
Tentative Assesment Methods
• 1st Midterm % 30
• 2nd Midterm % 30
• Final % 40
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