Course Information


Course Information
Course Title Code Semester L+U Hour Credits ECTS
INTRODUCTION TO ECONOMICS II PEC110 2. Semester 4 + 0 4.0 6.0

Prerequisites None

Language of Instruction English
Course Level Bachelor's Degree
Course Type Compulsory
Mode of delivery
Course Coordinator
Instructors
Assistants
Goals This course aims to provide students with the basic concepts of macroeconomic analysis. It is a broadly-based introduction to the study of economics.
Course Content Topics: Macroeconomics: Basic Concepts Macroeconomic Aggregates: GDP nominal, real and measurement Macroeconomic Aggregates: Unemployment, Inflation, Interest Rate, Balance of Payments Agregate Expenditures Agregate Expenditure and Income Aggregate Supply and Demand: Macroeconomic Equlibrium Monetary Systems Money Aggregates and Macroeconomic Equilibrium Economic Growth
Learning Outcomes 1) Learn to understand and evaluate national and international economic developments from a multidimensional perspective.
2) Gain an understanding about the theoretical framework and operating mechanisms of economic models.
3) Evaluates economic growth and development processes in historical context.
4) Learn to use current quantitative and qualitative methods and techniques in economic analysis.
5) Comprehend when comparing the determinants of economic growth between countries.
6) Learn to test economic hypotheses and approaches using quantitative methods.
7) Learn to develop alternative solutions, projects and activities to overcome the country's economic problems.
8) Continually develops professional knowledge and skills.

Weekly Topics (Content)
Week Topics Teaching and Learning Methods and Techniques Study Materials
1. Week Economic Growth and Cycles: GDP, unemployment, modelling and policy. Lecture; Question Answer
Brainstorming
Problem Based Learning 		Homework
2. Week Macroeconomic Aggregates: GDP related aggregates, savings- investment balance Lecture; Question Answer
Brainstorming
Problem Based Learning 		Homework
3. Week Macroeconomic Aggregates 2: Unemployment, inflation, interest rate, balance of payments Lecture; Question Answer
Brainstorming
Problem Based Learning 		Homework
4. Week Macroeconomic Aggregates 2: Unemployment, inflation, interest rate, balance of payments Lecture; Question Answer
Brainstorming
Problem Based Learning 		Homework
5. Week Short-run Economic Cycles 1: Aggregate expenditures, consumption, government expenditures, investment, net exports. Lecture; Question Answer
Brainstorming
Problem Based Learning 		Homework
6. Week Short-run Economic Cycles 2: Aggregate expenditures and income, stock investment, expenditure and tax multiplier Lecture; Question Answer
Brainstorming
Problem Based Learning 		Homework
7. Week Short-run Economic Cycles 2: Aggregate expenditures and income, stock investment, expenditure and tax multiplier Lecture; Question Answer
Brainstorming
Problem Based Learning 		Homework
8. Week Macroeconomic Equilibrium: Aggregate Demand and Aggregate Supply. Long-run and short-run macro equilibrium. Lecture; Question Answer
Brainstorming
Problem Based Learning 		Homework
9. Week Macroeconomic Equilibrium: Aggregate Demand and Aggregate Supply. Long-run and short-run macro equilibrium. Lecture; Question Answer
Brainstorming
Problem Based Learning 		Homework
10. Week Money and macro equilibrium: monetary system, money supply and monetary control tools. Money demand. Interest rate and monetary policies Lecture; Question Answer; Discussion
Large Group Discussion
 Homework Practice (Teaching Practice, Music/Musical Instrument Practice, Statistics, Laboratory, Field Work, Clinic and Polyclinic Practice)
11. Week Money and macro equilibrium: monetary system, money supply and monetary control tools. Money demand. Interest rate and monetary policies Lecture; Question Answer; Discussion
Large Group Discussion
 Homework Practice (Teaching Practice, Music/Musical Instrument Practice, Statistics, Laboratory, Field Work, Clinic and Polyclinic Practice)
12. Week International Trade: Specialization, free trade, trade policy, rent seeking Lecture; Question Answer; Discussion
Large Group Discussion
 Homework
13. Week International Trade: Specialization, free trade, trade policy, rent seeking Lecture; Question Answer; Discussion
Brainstorming; Large Group Discussion
 Homework
14. Week Economic Growth: Growth determinants, Cross country comparisons Lecture; Question Answer; Discussion
Brainstorming; Large Group Discussion
 Homework

Sources Used in This Course
Recommended Sources
Erdal M. Ünsal, İktisada Giriş, 5E, 2016, BB101.
R. Lipsey ve P. Cournot, Economics 14E, Addison Wesley 2003.
Yardımcı Kaynaklar: Acemoğlu, D., Laibson, D. ve List, J. A., Makroekonomi, 1E, 2016, Beta

Relations with Education Attainment Program Course Competencies
Program RequirementsContribution LevelDK1DK2DK3DK4DK5DK6DK7DK8
PY1555555555
PY2500000000
PY3555555555
PY4500000000

*DK = Course's Contrubution.
0 1 2 3 4 5
Level of contribution None Very Low Low Fair High Very High
.

ECTS credits and course workload
Event Quantity Duration (Hour) Total Workload (Hour)
Course Duration (Total weeks*Hours per week) 14 4
Work Hour outside Classroom (Preparation, strengthening) 14 2
Homework 14 1
Activity (Web Search, Library Work, Trip, Observation, Interview etc.) 10 1
Midterm Exam 1 2
Time to prepare for Midterm Exam 1 30
Final Exam 1 2
Time to prepare for Final Exam 1 50
Total Workload
Total Workload / 30 (s)
ECTS Credit of the Course
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Course Information
  • Course Information
  • Weekly Topics (Content)
  • Sources Used in This Course
  • Relations with Education Attainment Program Course Competencies
  • ECTS credits and course workload