0(324) 325 33 00

Programme Information

Faculty Of Economıc, Admınıstratıve And Socıal Scıences
Internatıonal Tradıng And Logıstıcs (Englısh) General Information Administration Programme Outcomes Academic Staff Curriculum 1st Year 2nd Year 3rd Year 4th Year Degree Programmes Toros University Information Package Bologna Process Action Plan Toros University

Faculty Of Economıc, Admınıstratıve And Socıal Scıences
Internatıonal Tradıng And Logıstıcs (Englısh)

Course Information

INTRODUCTION TO ECONOMICS II
Code Semester Theoretical Practice National Credit ECTS Credit
Hour / Week
ECO102 Spring 3 0 3 5

Prerequisites and co-requisites
Language of instruction English
Type Required
Level of Course Bachelor's
Lecturer Asst. Prof. Gökçe MANAVGAT
Mode of Delivery Face to Face
Suggested Subject
Professional practise ( internship ) None
Objectives of the Course In this course, macroeconomic dimensions of the economy will be introduced. To understand the basic macroeconomic analysis and to interpret macroeconomic problems constitute the main objective of this course. In this context,, fundamental Keynesian analysis based on total expenditure and total income equivalence and policy implementations on how to prevent inequities in the economy are emphasized. Macroeconomic topics include macroeconomic indicators and key issues, classical and Keynesian thinking, aggregate supply, aggregate demand, the money market, fiscal and monetary policy. Also this course will focus on macroeconomic issues with examples from Turkish economy.
Contents of the Course Economic growth, unemployment, inflation, aggregate expenditure and income, fundamental Keynesian macroeconomic analysis, aggregate consumption function, government expenditure and taxing, investment multiplier, public expenditure multiplier

Learning Outcomes of Course

# Learning Outcomes
1 The students interpret fundamental macroeconomic terminology.
2 The students discriminate the difference (Neo)Classical and Keynesian paradigm.
3 The students select to diagnose macroeconomic problems and develop economic policies for these problems.
4 The students understand the fundemantal Keynes's macroeconomic equilibrium and comment

Course Syllabus

# Subjects Teaching Methods and Technics
1 Economic Policy and Microeconomics and Macroeconomics, Economic Systems and the Role of the Government Interactive Written Expression
2 Basic macroeconmic variables and relations. Reference models: Classical and Neoclassical Paradigm Interactive Written Expression
3 A Brief History of Macroeconomics, Macroeconomic Concerns, Components of Macroeconomics Interactive Written Expression
4 Role of Government in Macroeconomics, Measurement of National Output and National Income Interactive Written Expression
5 Measurement of National Output and National Income, Calculation of GDP Interactive Written Expression
6 Limitations of GDP Concept, Unemployment, Inflation and Long-Term Growth Against Nominal and Real GDP Interactive Written Expression
7 Measurement of Unemployment, Elements of Unemployment Rate, Unemployment Cost, Inflation, Consumer Price Index, Cost of Inflation Interactive Written Expression
8 Mid-term Exam Open-end question
9 Total Expenditure and Equilibrium Output Level, Keynesian Consumption Theory Interactive Written Expression
10 Total Expenditure and Equilibrium Output Level, Keynesian Consumption Theory Interactive Written Expression
11 Determination of Equilibrium Output (Income), Equilibrium Savings / Investment Approach, Multiplier Interactive Written Expression
12 Mathematical Expression of Simple Multiplier, Marginal Consumption Propensity Relationship Interactive Written Expression
13 Participation of the State in the Economy with Expenditure and Tax Policy, Budget Deficit and Excess and Determination of the Level of Income in the Economy Interactive Written Expression
14 Participation of the State in the Economy with Expenditure and Tax Policy, Budget Deficit and Excess and Determination of the Level of Income in the Economy Interactive Written Expression
15 Working Questions and Solving Interactive Written Expression
16 Final Exam Open-end question

Course Syllabus

# Material / Resources Information About Resources Reference / Recommended Resources
1 Karl E. Case, Ray C. Fair, Sharon M. Oster (2008). Principles of Economics Prentice Hall; 10th Edition
2 Çolak, Ö. ve diğerleri, ”İktisadın İlkeleri”. Alkım Yayınevi, Ankara, 1996.
3 S. Dobson & S Palfreman (2014). Introduction to Economics, Oxford University Press

Method of Assessment

# Weight Work Type Work Title
1 40% Mid-Term Exam Mid-Term Exam
2 60% Final Exam Final Exam

Relationship between Learning Outcomes of Course and Program Outcomes

# Learning Outcomes Program Outcomes Method of Assessment
1 The students interpret fundamental macroeconomic terminology. 1͵14 1͵2
2 The students discriminate the difference (Neo)Classical and Keynesian paradigm. 1͵2͵16 1͵2
3 The students select to diagnose macroeconomic problems and develop economic policies for these problems. 1͵2 1͵2
4 The students understand the fundemantal Keynes's macroeconomic equilibrium and comment 2͵14 1͵2
PS. The numbers, which are shown in the column Method of Assessment, presents the methods shown in the previous table, titled as Method of Assessment.

Work Load Details

# Type of Work Quantity Time (Hour) Work Load
1 Course Duration 14 3 42
2 Course Duration Except Class (Preliminary Study, Enhancement) 14 2 28
3 Presentation and Seminar Preparation 0 0 0
4 Web Research, Library and Archival Work 0 0 0
5 Document/Information Listing 0 0 0
6 Workshop 0 0 0
7 Preparation for Midterm Exam 1 28 28
8 Midterm Exam 1 2 2
9 Quiz 0 0 0
10 Homework 0 0 0
11 Midterm Project 0 0 0
12 Midterm Exercise 0 0 0
13 Final Project 0 0 0
14 Final Exercise 0 0 0
15 Preparation for Final Exam 1 47 47
16 Final Exam 1 3 3
  150