Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
140400108111MACROECONOMIC MODELSElective484
Level of Course Unit
First Cycle
Objectives of the Course
To be able to explain econometric methods for modeling economic problems and making policy recommendations based on economic theories.
Name of Lecturer(s)
Dr. Gürkan BOZMA
Learning Outcomes
1To be able to evaluate the problems related to macroeconomic modeling and econometric modeling.
2To be able to explain unit root analysis, non-stationary series, cointegration and structural change.
3To be able to do theoretical and econometric modeling of non-stationary macroeconomic time series.
4To be able to apply the relevant macro modeling method to various fields of economics.
5To be able to analyze the findings obtained as a result of econometric modeling in the predictions of economic theory.
6To be able to apply scientific research rules and ethical rules on an academic study.
Mode of Delivery
Daytime Class
Prerequisites and co-requisities
Recommended Optional Programme Components
Course Contents
The course focuses on macroeconomic modeling and econometrics of macroeconomic modeling at the undergraduate level. Within this framework, non-stationary macroeconomic time series variables Emphasis is placed on the concept of econometric modeling. In this direction, the main areas of the course can be identified as problems related to macroeconomic modeling and econometric modeling, unit root analysis, non-stationary series, cointegration and structural change. The theoretical and empirical econometric modeling of non-stationary macroeconomic time series will enable those taking this course to apply the related method to various fields of economics.
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1Basic Concepts: Model, Modeling, Economic Model, Mathematical Model, Econometric Model, Economic Theory and empiricism, Modeling Requirement
2Exercise: Fundamental Keynesian Model for the Small Open Economy
3Econometric Modeling (Estimation, Forecasting and Simulation Methods), univariate, single equation and multi equilibrium (system) modeling and estimation
4Time Series, Cross Section and Panel Data Analysis
5Time Series Econometrics and Stationarity Analysis: Theory and Practice
6Data Analysis, Stationarity of the series, spurious regression, unit root
7Long-run, Economic Theory and Cointegration Analysis: Theory and Practice
8Midtrem Week
9Midtrem Week
10Cointegration Analysis: Single equation and system estimation methods
11Using Econometric models at the economic policy forecasts: Lucas Critique and structural change
12Modeling Applications: Money Demand
13Modeling Applications: Supply and Demand Functions of Export
14Modeling Applications: Phillips Curve
Recommended or Required Reading
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination1100
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Examination1100
SUM100
Term (or Year) Learning Activities40
End Of Term (or Year) Learning Activities60
SUM100
Language of Instruction
Work Placement(s)
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination111
Final Examination111
Attending Lectures12336
Practice41560
Case Study224
Project Preparation224
TOTAL WORKLOAD (hours)106
Contribution of Learning Outcomes to Programme Outcomes
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LO2213323344344344 4
LO332222223323232232
LO42311 221233332332
LO5133323213212 22 1
LO61311112 2 1111111
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Iğdır University, Iğdır / TURKEY • Tel (pbx): +90 476 226 13 14 • e-mail: info@igdir.edu.tr