ECTS - Introduction to Economics II
Introduction to Economics II (ECON102) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Introduction to Economics II | ECON102 | 2. Semester | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Service Courses Taken From Other Departments |
| Course Level | Bachelor’s Degree (First Cycle) |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Demonstration, Discussion, Question and Answer, Drill and Practice. |
| Course Lecturer(s) |
|
| Course Objectives | The principal objective of ECON 102 is to introduce students macroeconomics. Course focuses on introducing key macroeconomic variables such as GDP, unemployment, interest rate and inflation, defines the money and its role. It also analyses the economic polices and their effects on economy. Learning these topics will help the students to understand the basic functioning of the economy. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Aggregate demand, aggregate supply, unemployment, inflation, aggregate expenditure, aggregate income models, fiscal policy, money demand, money supply, monetary policy, multiplier. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Introduction to Macroeconomics | Case & Fair 7th Edition, pp. 375-390 |
| 2 | Measuring National Output and National Income (Chapter 18) | Case & Fair 7th Edition, pp. 391-410 |
| 3 | Long-Run and Short-Run Concerns [Case and Fair (Chapter 19) | Case & Fair 7th Edition, pp. 411-430 |
| 4 | Aggregate Expenditure and Equilibrium Output (Chapter 20) | Case & Fair 7th Edition, pp. 431-452 |
| 5 | The Government and Fiscal Policy (Chapter 21) | Case & Fair 7th Edition, pp. 453-474 |
| 6 | The Government and Fiscal Policy (Chapter 21) continued | Case & Fair 7th Edition, pp. 453-474 |
| 7 | The Money Supply and the Central Bank System (Chapter 22) | Case & Fair 7th Edition, pp. 475-498 |
| 8 | Midterm | |
| 9 | Money Demand, Equilibrium Interest Rate, Monetary Policy (Chapter 23) | Case & Fair 7th Edition, pp. 499-514 |
| 10 | Money, Interest Rate and Output: Analysis and Policy (Chapter 24)] | Case & Fair 7th Edition, pp. 515-532 |
| 11 | Aggregate Demand, Aggregate Supply and Inflation (Chapter 25) | Case & Fair 7th Edition, pp. 533-556 |
| 12 | The Labor Market, Unemployment and Inflation (Chapter 26) | Case & Fair 7th Edition, pp. 557-574 |
| 13 | Long-Run Growth (Chapter 30) | Case & Fair 7th Edition, pp. 631-648 |
| 14 | Open Economy Macroeconomics (Chapter 33) | Case & Fair 7th Edition, pp. 687-712 |
| 15 | Debates in Macroeconomics (Chapter 31) | Case & Fair 7th Edition, pp. 649-664 |
| 16 | Final Exam |
Sources
| Course Book | 1. Case, Karl E. and Fair, Ray C., Principles of Economics, 7th or 8th Edition, Pearson/Prentice Hall. |
|---|---|
| 2. Taylor, John B. (2004) Economics, 4th Edition, Houghton Mifflin |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | 1 | 5 |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | 2 | 5 |
| Homework Assignments | 8 | 5 |
| Presentation | - | - |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 35 |
| Final Exam/Final Jury | 1 | 50 |
| Toplam | 13 | 100 |
| Percentage of Semester Work | 50 |
|---|---|
| Percentage of Final Work | 50 |
| Total | 100 |
Course Category
| Core Courses | |
|---|---|
| Major Area Courses | |
| Supportive Courses | X |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Gains the ability to use knowledge by acquiring conceptual and practical understanding of all core functions of business. | |||||
| 2 | Identifies problems related to the field of business and effectively uses scientific approaches in problem-solving and decision-making processes. | |||||
| 3 | Demonstrates and analyzes the environmental, social, global impacts and legal consequences of practices related to core business functions. | |||||
| 4 | Analyzes information and reports relevant to businesses at national, regional, and global levels, and sets strategic goals based on the results obtained. | X | ||||
| 5 | Gains the ability to use, report, and interpret Business Information Systems and their sub-modules required for business management. | |||||
| 6 | Plans the necessary activities such as taking risks, securing resources, conducting market analysis, and preparing business plans for starting a new venture and ensuring its sustainability with innovative and creative thinking, and applies the acquired knowledge accordingly. | |||||
| 7 | Supports oneself and the organization in terms of innovation and continuous improvement, while being aware that the process of research and learning is lifelong and following scientific and technological developments related to business. | |||||
| 8 | Acquires the necessary leadership and managerial skills to achieve business objectives effectively and efficiently. | |||||
| 9 | Conducts scientific research in the field of business and reports the research findings to be used in managerial decision-making processes. | |||||
| 10 | Uses effective verbal, written, and visual communication methods to convey information related to the field of business in the language of instruction and professional English. | |||||
| 11 | Develops awareness of professional ethics, environmental sensitivity, sustainability, social responsibility, and cultural, societal, and universal values. | |||||
| 12 | Takes initiative in working effectively with different disciplines or multicultural teams, assuming responsibility, conducting risk analysis, adapting to change, and applying critical thinking and problem-solving skills | |||||
| 13 | . | |||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | 16 | 3 | 48 |
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 16 | 4 | 64 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | 5 | 1 | 5 |
| Quizzes/Studio Critics | 4 | 1 | 4 |
| Prepration of Midterm Exams/Midterm Jury | |||
| Prepration of Final Exams/Final Jury | |||
| Total Workload | 121 | ||