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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 |
| 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 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 | Explaining business concepts and their interrelationships | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Explaining the basic theoretical models, numerical and statistical methods of business management | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explaining the relationship between basic economics concepts and business management concepts | 4 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Explaining how to apply theoretical, numerical and statistical methods used in business management | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Explaining how to interpret the results obtained as a result of the creation/application of theoretical, numerical and statistical methods used in business management | 3 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Applying business management methods by following the basic steps | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Determine appropriate methods to solve business problems | |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Evaluate the results that are obtained from applications of business management methods. | 3 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Use basic numerical and statistical softwares. | |
| PLO10 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use basic enterprise resource planning (ERP) softwares | |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | Working effectively individually and/or in a team | 4 |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, constantly renewing itself by following the current developments in the field. | 4 |
| PLO13 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Presenting information effectively in an unfamiliar field by using different sources within the framework of academic rules. | 2 |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Use Turkish and at least one foreign language in accordance with the prerequisities of academic and business context | 4 |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Accurately express the obtained information and comments verbally and in writing | 5 |
| PLO16 | Yetkinlikler - Alana Özgü Yetkinlik | Applying new working methods when deemed necessary by questioning traditional approaches, practices and methods | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Acting in accordance with social, scientific and professional ethical values from an entrepreneurial perspective | |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Determining the most appropriate business management approaches, practices and methods by considering the sector, size, resources, culture, goals and objectives of the enterprises. | 3 |
| PLO19 | Yetkinlikler - Alana Özgü Yetkinlik | Interpreting the effects of external environmental factors such as sector structure, competition, technology, economy, politics, culture, which affect the activities of businesses, on businesses. | 4 |
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 | Lecture, problem session, and case studies | Öğretim Yöntemleri: Anlatım |
| 5 | The main macroeconomic issues-2 | 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 | ||