Saturday, September 6, 2008

Undergraduate Energy Economics

Prerequisite (s)
Mathematics, Mathematics for Economists, Microeconomics I, Microeconomics II, Macroeconomics I, and Macroeconomics II.

Course Aim
The aim of this course is to teach the role of the energy in production of goods and services and how changes in energy supplies and energy prices affect macroeconomic activity.

Course Goals
Learning basic concepts of energy economics
Learning the role of energy in production.
Analyzing energy supply, energy demand, and alternative energy sources.
Determining the macroeconomic effects of energy prices

Course Learning Outs and Proficiencies

The main learning output of this course is to learn how to analyze the relationships between energy, energy prices, and alternative energy sources and macroeconomic activity.

Required Readings:
-Harun Öztürkler ve Hakan Çermikli (2008), Enerji Ekonomisi ve Türkiye’nin Enerji Sorunları, Yayına Hazırlanmaktadır.
-Guido Buenstorf (2004), The Economics of Energy and the Production Process, Edward Elgar Publishing, Massachusetts.
Suggested Readings:

-Dasgupta, P. S. and G. M. Heal, 1979, Economic Theory and Exhaustible Resources, Cambridge University Press, Cambridge.
-Kavak, K., 2005, Dünyada ve Türkiye’de Enerji Verimliliği ve Türk Sanayiinde Enerji Verimliliğinin İncelenmesi (Energy Efficiency in the World and Turkey and Investigation of Energy Efficiency in the Turkish Industry), State Planning Organization, Publication Number 2689, Ankara.

Assessment Criteria

Midterm 30% and Final 70%

Semester Course Plan

Week/Subjects
1
Energy Economics: Basic Concepts
2
A Short History of Energy Economics
3
Energy Types and Reserves
4
Energy as a Factor of Production
5
Energy Prices and Production Costs
6
Energy Consumption
7
Energy Supply Security
8
Energy Markets
9
Alternative Energy Sources
10
Turkey’s Energy Problems
11
Turkey’s Energy Policies
12
European Union’s Energy Policies
13
Turkey as an Energy Bridge
14
Energy and Environmental Problems

Undergraduate Macroeconmics II

Prerequisite (s)
Mathematics, Mathematics for Economists, Introduction to Economics I, Introduction to Economics II, and Macroeconomics I.

Course Aim
The aim of this course is to teach macroeconomic theories.

Course Goals
This course aims at teaching how macroeconomic models are designed the reasons behind the difference between these theories.

Course Learning Outs and Proficiencies

The main learning output of this course is to teach designing macroeconomic models and employing them in assessing national and international macroeconomic events.


Required Readings:
-Erdal Ünsal (2007), Makro Ekonomi, İmaj Yayıncılık, Ankara.
-Rudiger Dornbusch, Stanley Fischer, and Richard Startz (2004), Macroeconomics, McGraw Hill, New York

Suggested Readings:
-N. Gregory Mankiw (2002), Macroeconomics, Worth Publishers, New York.
-Brian Snowdon and Howard R Vane (1997) A Macroeconomic Reader, Routledge, New York.
-Kemal Yıldırım, Doğan Karaman ve Murat Taşdemir (2007), Makroekonomi, Seçkin Yayıncılık, Ankara.-Tümay Ertek (2005), Makroekonomiye Giriş, Beta, İstanbul.

Assessment Criteria
Midterm 30% and Final 70%

Semester Course Plan

Week/Subjects
1
Macro Model
2
Classical Theory
3
Keynesian Theory
4
Neoclassical Model
5
Post Keynesian Model
6
Monetarist Model
7
New Classical Model
8
New Keynesian Model
9
Rational Expectations Theory
10
Business Cycle Theories
11
Economics Growth: Classical Growth Models
12
Economic Growth: Modern Growths Theories
13
Economic Policies and Macro Models I
14
Economic Policies and Macro Models II

Undergraduate Macroeconomics I

Prerequisite (s)
Mathematics, Mathematics for Economists, Introduction to Economics I, and Introduction to Economics II.

Course Aim
This course introduces the fundamental concepts and tools of macroeconomic analysis.

Course Goals
This course aims at teaching how to construct macroeconomic models used to explain changes in macroeconomic magnitudes such as Gross Domestic Product, Unemployment, General Price Level, Interest Rate, Economic Growth Rate, and Exchange Rate.

Course Learning Outs and Proficiencies

The main learning output of this course is to have students learn basic macroeconomic concepts and magnitudes and how the relationships between macroeconomic variables are defined through macroeconomic models.


Required Readings:
—Erdal Ünsal (2007), Makro Ekonomi, İmaj Yayıncılık, Ankara.
Suggested Readings:
—Kemal Yıldırım, Doğan Karaman ve Murat Taşdemir (2007), Makroekonomi, Seçkin Yayıncılık, Ankara.
—Tümay Ertek (2005, Makroekonomiye Giriş, Beta, İstanbul.
Assessment Criteria
Midterm 30% and Final 70%


Semester Course Plan

Week/Subjects

1
National Income Accounting I
2
National Income Accounting II
3
Total Supply
4
Total Demand I
5
Total Demand II
6
Income and Expenditure
7
Wages and Unemployment
8
Inflation
9
Monetary Policy
10
Fiscal Policy
11
Income Policy
12
Open Economy Macroeconomics I
13
Open Economy Macroeconomics II
14
Introduction to Macro Models

Undergraduate Applied Econometrics

Prerequisite (s)
Econometrics I, and Econometrics II

Course Aim
By employing econometric package programs, this course aims at teaching students how econometric methods are used in practice.

Course Goals
Ability to construct simple econometric models
Learning How to Use Econometric Package Programs
Learning How to Collect Data and Prepare for the Analysis
Learning how to Compute Econometric Models
Learning how to Evaluate Results Obtained from the Computation of Econometric Models

Course Learning Outs and Proficiencies

The main learning output of this course is to teach how econometric methods can be used by employing econometric package programs.

Required Readings:
- Eviews, RATS, and Stata Software Manuals.
Suggested Readings:
-James H. Stock and Mark W. Watson (2007), Introduction to Econometrics: International Edition, Addison-Wesley, Boston.
-James D. Hamilton (1994), Times Series Analysis, Princeton University Pres, New Jersey.
-Myoung-Jae Lee (2002), Panel Data Econometrics: Methods-of-moments and Limited Dependent Variables, Academic Press, San Diego.

Assessment Criteria
Midterm 30% and Final 70%

Semester Course Plan

Week/Subjects

1
Review of Econometric Models I
2
Review of Econometric Models II
3
Data Collection and Preparation for the Analysis I
4
Data Collection and Preparation for the Analysis II
5
Econometric Software II: E-views I
6
Econometric Software II: E-views II
7
Econometric Software II: E-views III
8
Econometric Software III: RATS I
9
Econometric Software III: RATS II
10
Econometric Software IV: RATS III
11
Econometric Software V: Stata I
12
Econometric Software VI: Stata II
13
Econometric Software VI: Stata III
14
Assessment of Model Results