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 | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | N/A |
| 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 | X |
|---|---|
| Major Area Courses | |
| Supportive Courses | |
| 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 | The ability to have and use theoretical and practical information in international trade and logistics | |||||
| 2 | The ability to define problems, as well as to collect, evaluate, analyze, and interpret data, and to devise solutions, making use of the information, skills, and competencies in the field | |||||
| 3 | The ability to perform numerical analyses and research through accessing different resources of information in the field | |||||
| 4 | The ability to take part in intra- and interdisciplinary, or multi-cultural working groups, as well as work individually | |||||
| 5 | The ability to communicate verbally and in writing in English, and to make use of at least 1 foreign language | X | ||||
| 6 | The ability to act responsibly, and with the awareness in the issues of environmental sensitivity, sustainability, transparency, social responsibility, and ethical values | X | ||||
| 7 | The ability to read, understand, and interpret the relevant legislation in the field of international trade and logistics, and to see the global, and social effects of practices | X | ||||
| 8 | The ability to question and interpret the acquired interdisciplinary pieces of information within the framework of the current economic, social, and environmental conjuncture | X | ||||
| 9 | The ability to stay up to date regarding the local, regional, and global changes in the international trade and logistics, and the supply chain sector; and relevant through improvements on professional competencies and backgrounds, and to devise quick and effective solutions to possible problems through an innovative approach | X | ||||
| 10 | The ability to track national and international regulations in international trade and logistics, to learn logistic procedures and risk management, to use current instruments of technology and informatics, to analyze and improve processes, to devise new ideas and suggestions, to manage activities for change, and to report and document these processes | |||||
| 11 | - | |||||
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 | ||