| Week |
Subject |
Related Preparation |
| 1) |
What is macroeconomics?
* Issues of macroeconomics
* Output
* Unemployment rate
* Inflation rate
* Okun's Law and Philips Curve
* Short, medium and long-run |
Reading Chapter 1 and 2 in Blanchard (2017) |
| 2) |
* The Composition of GDP
* The Demand for Goods
* The Determination of Equilibrium Output
* Investment and Saving: An Alternative Way of Thinking about Goods-Market Equilibrium |
Reading Chapter 3 in Blanchard (2017) |
| 3) |
The Demand for Money
* Money Demand, Money Supply, and the Equilibrium Interest Rate
* Monetary Policy and Open Market Operations
* What Banks Do
* The Demand and Supply for Central Bank Money
* The Federal Funds Market and the Federal Funds Rate
* Liquidity Trap |
Reading Chapter 4 in Blanchard (2017) |
| 4) |
The Goods Market and the IS Relation
* Investment, Sales, and the Interest Rate
* Determining Output
* Deriving the IS Curve
* Shifts of the IS Curve
* Financial Markets and the LM Relation
* Real Money, Real Income, and the Interest Rate
* Deriving the LM Curve
* Putting the IS and the LM Relations Together
* Fiscal Policy
* Monetary Policy |
Reading Chapter 5 in Blanchard (2017) |
| 5) |
Nominal versus Real Interest Rates
* The Zero Lower Bound and Deflation
* Risk and Risk Premia
* The Role of Financial Intermediaries
* Extending the IS-LM
* Housing Prices and Subprime Mortgages
* The Role of Financial Intermediaries
* Macroeconomic Implications
* Policy Responses |
Reading Chapter 6 in Blanchard (2017) |
| 6) |
A Tour of the Labor Market
* Movements in Unemployment
* Wage Determination
* Price Determination
* The Natural Rate of Unemployment
|
Reading Chapter 7 in Blanchard (2017) |
| 7) |
Inflation, Expected Inflation and Unemployment
* The Phillips Curve and Its Mutations
* The Phillips Curve and the Natural Rate of Unemployment
* Variations in the Natural Rate across Countries
* Variations in the Natural Rate over Time
* High Inflation and the Phillips Curve Relation
* Deflation and the Phillips Curve Relation |
Reading Chapter 8 in Blanchard (2017) |
| 8) |
MIDTERM |
Getting prepared for midterm exam |
| 9) |
The IS-LM-PC model
* Dynamics and the Medium Run Equilibrium
* The Role of Expectations Revisited
* The Zero Lower Bound and Debt Spirals
* Fiscal Consolidation Revisited
* The Effects of an Increase in the Price of Oil
* Effects on the Natural Rate of Unemployment
|
Reading Chapter 9 in Blanchard (2017) |
| 10) |
Expected Present Discounted Values
* Bond Prices and Bond Yields
* The Stock Market and Movements in Stock Prices
* Risk, Bubbles, Fads, and Asset Prices |
Reading Chapter 14 in Blanchard (2017) |
| 11) |
Expectations, Consumption, and Investment
* The Volatility of Consumption and Investment |
Reading Chapter 15 in Blanchard (2017) |
| 12) |
Expectations, Output, and Policy
* Expectations and Decisions: Taking Stock
* Expectations, Consumption, and Investment Decisions
* Expectations and the IS Relation
* Monetary Policy, Expectations, and Output
* Deficit Reduction, Expectations, and Output |
Reading Chapter 16 in Blanchard (2017) |
| 13) |
Openness in Goods Markets
* Exports and Imports
* The Choice between Domestic Goods and Foreign Goods
* Nominal Exchange Rates
* Openness in Financial Markets
* The Balance of Payments
* The Choice between Domestic and Foreign Assets
* Interest Rates and Exchange Rates |
Reading Chapter 17 in Blanchard (2017) |
| 14) |
The IS Relation in the Open Economy
* Equilibrium Output and the Trade Balance
* Increases in Domestic Demand
* Increases in Foreign Demand
* Depreciation and the Trade Balance: The Marshall-Lerner Condition
* The Effects of a Real Depreciation
* Combining Exchange Rate and Fiscal Policies
* The J-Curve
* Saving, Investment, and the Current Account Balance
|
Reading Chapter 18 in Blanchard (2017) |
| 15) |
FINAL |
Getting prepared for final exam |
| |
Program Outcomes |
Level of Contribution |
| 1) |
Discloses basic knowledge of international logistics, including development process, new and determinative concepts, scientific methodology, theory and models of logistics discipline. |
|
| 2) |
Uses appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in relevant areas, interpret the results and suggest solutions. |
|
| 3) |
Designs a logistics system that will support the business mission and objectives. |
|
| 4) |
Identifies uncertainties in the logistics and supply chain processes and takes measures to mitigate risks. |
|
| 5) |
Can discover and create entrepreneurial opportunities and experience to successfully build and develop self-employment. |
|
| 6) |
Analyzes the complex and rapidly changing conditions, the dynamics of the national / international business world, the relevant international logistics and supply chain environment |
|
| 7) |
Can translate and explain the contents of documents written in English related to the field. |
|
| 8) |
Communicates in written and spoken English with people of different social backgrounds, has global competence in tracking and interpreting global dynamics in logistics and supply chain fields. |
|
| 9) |
Can demonstrate personal, professional, social and work ethic standards, assesses the ethical dimensions of the various applications in relevant fields, and becomes aware of the importance of ethical behavior in the process of collecting value added. |
|
ISTANBUL OKAN UNIVERSITY INFORMATION PACKAGE / COURSE CATALOGUE
