INTRODUCTION TO ECONOMICS II

BUS112

Course Code: BUS112
Semester: Second Term (Spring)
Theory+Practice: 3 + 0
ECTS: 7

Course Type

Compulsory Course

Course Level

Bachelor's Degree

Year of Study

Semester

Second Term (Spring)

ECTS

Name of Lecturer(s)

Instructor Zeynep Yener Gök

Learning Outcomes

At the end of this course, the students;

Understand basic macroeconomic concepts.
Understand the meaning and contents of GDP, GNP, and national income.
Understand the macroeoconomic measures such as unemployment rate, inflation rate, aggregate demand and supply, production and consumption.
Understand how an economy operates at the macroeconomic level.
Understand where and how macroeoconomic equilibrium exists, and how equilibrium is restored when distorted.
Understand the contents and effects of monetary and fiscal policies.
Understand and interpret the news, and articles in daily papers and weekly or monthly news periodicals on inflation, recession, expansion, growth, taxation, treasury borrowing and public debt.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

Course Description

Methods of measurement and determination of national income; the consumption, saving and investment functions; employment and inflation; public finance, money and banking; international trade; macroeconomic policy; economic growth and development will be covered with examples from Turkey. Students who miss more than 30% of total class hours receive an F2 grade.

Course Contents

WEEK	TOPICS
1^st Week	GDP and living standards
2^nd Week	CPI, cost of living index
3^rd Week	Potential GDP, and natural rate of unemployment
4^th Week	Investment and saving
5^th Week	Money, and monetary system
6^th Week	Money creation, and monetary control
7^th Week	Midterm
8^th Week	Money, interest, and inflation, Aggregate supply, aggregate demand, economic conjuncture
9^th Week	Aggregate spending
10^th Week	Fiscal and monteray policies and their impact
11^th Week	Short-term policies
12^th Week	Fiscal policy or monetary policy?
13^th Week	International trade
14^th Week	International finance, Economic growth

Recommended or Required Reading

Robin BADE and Michael PARKIN, Foundations of Macroeconomics, 3rd ed. New York: Addison Wesley, 2004.

Planned Learning Activities and Teaching Methods

Questions/Answers
Discussion
Lecture

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	40
Quiz	1	10
Total(%)		50
Contribution of In-term Studies to Overall Grade(%)		50
Contribution of Final Examination to Overall Grade(%)		50
Total(%)		100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Midterm exam	1	2	2
Preparation for Quiz
Individual or group work	14	2	28
Preparation for Final exam	1	60	60
Course hours	14	3	42
Preparation for Midterm exam	1	50	50
Laboratory (including preparation)
Final exam	1	2	2
Homework
Quiz	1	15	15
Total Work Load			199
Total Work Load / 30 (h)			6.63
ECTS Credit of the Course			7

Language of Instruction

English

Work Placement(s)

Programme Qualifications / Learning Outcomes

	LO1	LO2	LO3	LO4	LO5	LO6	LO7
K1	X	X	X	X	X	X	X
K2
K3		X
K4			X
K5
K6
K7	X			X
K8
K9					X
K10						X
K11
K12						X
K13							X

	LO1	LO2	LO3	LO4	LO5	LO6	LO7
K1	X	X	X	X	X	X	X
K2
K3		X
K4			X
K5
K6
K7	X			X
K8
K9					X
K10						X
K11
K12						X
K13							X

	LO1	LO2	LO3	LO4	LO5	LO6	LO7
K1	X	X	X	X	X	X	X
K2
K3		X
K4			X
K5
K6
K7	X			X
K8
K9					X
K10						X
K11
K12						X
K13							X

	LO1	LO2	LO3	LO4	LO5	LO6	LO7
K1	X	X	X	X	X	X	X
K2
K3		X
K4			X
K5
K6
K7	X			X
K8
K9					X
K10						X
K11
K12						X
K13							X