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Information
| Code | ECOZ102 |
| Name | Introduction to Economics II |
| Term | 2024-2025 Academic Year |
| Semester | 2. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi İpek TEKİN |
| Course Instructor |
1 2 |
Course Goal / Objective
Introduction to Economics II deals with macroeconomics. Subjects such as national income accounting and its determination, aggregate demand and aggregate supply, equilibrium income, fiscal policy, monetary policy, money and banking, the price level, inflation, umemployment, growth and economic fluctuations will be seen.
Course Content
National income and its determination; changes in national income, elements of public finance, money and banking, international trade, macroeconomic policy, economic growth and development. Illustrations from the Turkish economy will be given.
Course Precondition
The course has no prerequisites.
Resources
Case, Karl E.; Fair, Ray C. and Oster, Sharon M. (2020). Principles of Economics, Thirteenth (Global) Edition, Pearson Education.
Notes
Parkin, Michael (2016). Economics, Twelfth or Thirteenth (Global) edition, Pearson Education.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Understand basic economic relations, think critically and apply economic reasoning in daily life decison-making process and public decisions. |
| LO02 | Understand the gross domestic product, its components, measurement approaches, their constituent elements and their purposes. |
| LO03 | Comprehends aggregate supply and demand analysis. |
| LO04 | Understand the importance of economic growth. |
| LO05 | Defines basic macroeconomic problems such as inflation and unemployment, comprehends measurement methods. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce nymerical and policy options when confronted with problems | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Use the theory of economics in the analysis of economic events | 5 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 4 |
| PLO11 | Bilgi - Kuramsal, Olgusal | Take responsibility individually and/or in a team, take leadership and work effectively | |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | 5 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | 4 |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Question traditional approaches, practices and methods. | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction to Macroeconomics | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 2 | GDP, Main Concepts and Approaches | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 3 | National Income Accounts | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 4 | The main macroeconomic issues: Inflation | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım, Tartışma |
| 5 | The main macroeconomic issues: Unemployment | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 6 | Determining the level of income and price | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 7 | Determination of the income level by total expenditures | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-term week | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Public budget and fiscal policy | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 10 | Money and Banking | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 11 | Monetary Theory and Policy | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 12 | Inflation | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 13 | International Trade | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 14 | Current macroeconomic issues | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 15 | Theoretical Revision | Reading textbooks and course materials. | Öğretim Yöntemleri: Anlatım, Tartışma, Soru-Cevap |
| 16 | Revision (Applications) | Doing end-of-chapter questions. | Öğretim Yöntemleri: Soru-Cevap, Alıştırma ve Uygulama |
| 17 | Final exam | Preparation to exam | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 5 | 5 | 25 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 10 | 10 |
| Final Exam | 1 | 15 | 15 |
| Total Workload (Hour) | 162 | ||
| Total Workload / 25 (h) | 6,48 | ||
| ECTS | 6 ECTS | ||