INTRODUCTION TO ECONOMICS II

TBF112

Course Code: TBF112
Semester: Second Term (Spring)
Theory+Practice: 3 + 0
ECTS: 6

Course Type

Compulsory Course

Course Level

Bachelor's Degree

Year of Study

Semester

Second Term (Spring)

ECTS

Name of Lecturer(s)

Learning Outcomes

At the end of this course, the students;

Define and calculate fundamental nominal and real macroeconomic variables.
Will be able to analyze the causes of short-term fluctuations in fundamental macroeconomic variables using the concepts of aggregate demand and aggregate supply.
Evaluate how changes in fiscal policies affect the national economy in the short and long term.
Explain the relationships between the central bank, the banking system, and money creation.
Understand the relationship between money supply, interest rates, and inflation rates, and analyze how changes in monetary policy affect fundamental macroeconomic variables.
Will be able to explain the factors determining a country's potential GDP, considering savings, investment, labor markets, and factors leading to increases in productivity.
Will be able to identify the variables affecting net exports and capital flows in exchange rates and analyze fundamental international macroeconomic relationships.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

None

Course Description

This course covers key topics such as the meaning and importance of economics and macroeconomics, national income calculations, aggregate demand and supply, employment and unemployment, capital, investment, savings, expenditure multipliers, fiscal policies, money and monetary policies, inflation, international trade, exchange rate regimes, and financing foreign trade.

Course Contents

WEEK	TOPICS
1^st Week	National income calculations
2^nd Week	Employment and unemployment
3^rd Week	Finance, savings, and investment
4^th Week	Money, price level, and inflation
5^th Week	Exchange rate and balance of payments
6^th Week	Aggregate demand and aggregate supply
7^th Week	Aggregate demand and aggregate supply
8^th Week	Midterm exam
9^th Week	Expenditure multiplier: Keynesian model
10^th Week	Expenditure multiplier: Keynesian model
11^th Week	Inflation, unemployment, and business cycle
12^th Week	Fiscal policy
13^th Week	Monetary policy
14^th Week	General review

Recommended or Required Reading

Hubbard, R., & O'Brien, A. (2018). Ekonomi (1st ed.). Palme Yayınevi.

Planned Learning Activities and Teaching Methods

Lecture
Discussion

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	40
Total(%)		40
Contribution of In-term Studies to Overall Grade(%)		40
Contribution of Final Examination to Overall Grade(%)		60
Total(%)		100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Midterm exam	1	1	1
Preparation for Quiz
Individual or group work	14	4	56
Preparation for Final exam	1	50	50
Course hours	14	3	42
Preparation for Midterm exam	1	30	30
Laboratory (including preparation)
Final exam	1	1	1
Homework
Total Work Load			180
Total Work Load / 30 (h)			6
ECTS Credit of the Course			6

Language of Instruction

Turkish

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	X	X	X	X	X	X
K4
K5
K6
K7