Faculty Of Economıc, Admınıstratıve And Socıal Scıences
Busıness Admınıstratıon ( Englısh )
Course Information
| INTRODUCTION TO ECONOMICS II | |||||
|---|---|---|---|---|---|
| Code | Semester | Theoretical | Practice | National Credit | ECTS Credit |
| Hour / Week | |||||
| ECO102 | Spring | 3 | 0 | 3 | 6 |
| Prerequisites and co-requisites | |
|---|---|
| Language of instruction | English |
| Type | Required |
| Level of Course | Bachelor's |
| Lecturer | Yrd. Doç. Dr. Hasan GÜL |
| Mode of Delivery | Face to Face |
| Suggested Subject | |
| Professional practise ( internship ) | None |
| Objectives of the Course | The main objective of this course is to provide materials to the students about characteristics of economic systems, economics goals and tools, mathematical formulas of macroeconomics and relation between economic agents which operate in economic system. Moreover, the other main object of this course is to equip students for “Mathematical Formulations of Neoclassical Economics” as a dominant paradigm in the world. For this purpose, during semester, We are going to make introduction into Calculus and Linear Algebra in order to get a logic behind mathematical methods used in economics. |
| Contents of the Course | Studying the fundamental economic terminology, aggregate demand and supply analysis, economic problems and policies. |
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 integrate aims of monetary policy system and its tools. |
| 4 | The Students select to diagnose economic problems and develop economic policies for these problems. |
Course Syllabus
| # | Subjects | Teaching Methods and Technics |
|---|---|---|
| 1 | The definition of economics as an system and set of paradigm shifts | Interactive Written Expression |
| 2 | Fundamental macroeconomic variables and relations. Reference Models: Classical and Keynesian Economic Paradigms. | Interactive Written Expression |
| 3 | Money, Interest Rate, and National Income: Introduction to: IS-LM-BP Model | Interactive Written Expression |
| 4 | Money, Interest Rate, and National Income: Cont. : IS-LM-BP Model | Interactive Written Expression |
| 5 | Total Demand and Total Supply: AD-AS Model | Interactive Written Expression |
| 6 | Unemployment and Inflation, Impossible Trinity | Interactive Written Expression |
| 7 | Consumption and Saving, Investment, Money Demand and Supply, Money Multiplier and Accelerator, Definition, Aims and Tools of Monetary Policy, Determination of Exchange Rates | Interactive Written Expression |
| 8 | Mid-term Exam | Open-end question |
| 9 | Economic Growth, Production Function and Growth | Interactive Written Expression |
| 10 | Neoclassical Economics Growth : Saving, capital accumulation and gross product. | Interactive Written Expression |
| 11 | Cobb-Douglass Production Function and Neoclassic Growth Model Mechanism | Interactive Written Expression |
| 12 | Population Growth, Technological Process, Production Frontiers | Interactive Written Expression |
| 13 | Intro: Human Capital and Endogeneous Growth Theories (Romer Endogeneous Growth Model) | Interactive Written Expression |
| 14 | Cont: Human Capital and Endogeneous Growth Theories (Romer Endogeneous Growth Model) | Interactive Written Expression |
| 15 | Overview | Interactive Written Expression |
| 16 | Final Exam | Open-end question |
Course Syllabus
| # | Material / Resources | Information About Resources | Reference / Recommended Resources |
|---|---|---|---|
| 1 | McAffee, P. R.”Introduction To Economics”. California Institute of Technology | ||
| 2 | Çolak, Ö. ve diğerleri, ”İktisadın İlkeleri”. Alkım Yayınevi, Ankara, 1996. | ||
| 3 | Marshall, A. “Principles of Economics: An Introductory Volume”. MacMillian and Co., 8th Edition, 1920. |
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. | 2͵3͵5͵14 | 1͵2 |
| 2 | The students discriminate the difference (Neo)Classical and Keynesian paradigm. | 2͵3͵5͵14 | 1͵2 |
| 3 | The students integrate aims of monetary policy system and its tools. | 2͵3͵5͵14 | 1͵2 |
| 4 | The Students select to diagnose economic problems and develop economic policies for these problems. | 2͵3͵5͵14 | 1͵2 |
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 | ||||