TÜRKÇE
ENGLISH
Information
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 GDP, its components (C, I, G, X,M), the relationship among them. |
| LO03 | Understand growth, price indexes, inflation, unemployment, business cycles and interaction among them. |
| 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 basic concepts and theorems in the fields of Econometrics, Statistics and Operations research | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires basic Mathematics, Statistics and Operation Research concepts | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Describes the necessary concepts of Business | |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Equipped with the foundations of Economics, and develops Economic models | 4 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | 3 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Has the ability to analyze/interpret at the conceptual level to develop solutions to problems | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data | |
| PLO08 | Bilgi - Kuramsal, Olgusal | Interprets the results analyzed with the model | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field which does not research | 4 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | It develops traditional approaches, practices and methods into new working methods when it deems necessary | 3 |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | 3 |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | In addition to herself/himself professional development, constantly improves in scientific, cultural, artistic and social fields in line with interests and abilities | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it follows the current developments in the field / constantly renews itself | 5 |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses Turkish and at least one other foreign language, academically and in the business context | 5 |
| PLO16 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Interprets the feelings, thoughts and behaviors of the related persons correctly/expresses himself/herself correctly in written and verbal form | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on current economic and social issues | 5 |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values | 3 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction to Macroeconomics | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 2 | National income | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 3 | Basic concepts and approaches in national income. | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 4 | The main macroeconomic issues: Inflation | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 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 | Revision | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 16 | Final exam | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Final exam-2 | prepare 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 | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 157 | ||
| Total Workload / 25 (h) | 6,28 | ||
| ECTS | 6 ECTS | ||