Course Name : Introduction to Economics II

Degree: Bachelor

Code

Year/Semester

Local Credits

ECTS Credits

Course Implementation, Hours/Week

Course

Tutorial

Laboratory

EF121

1/2 (SPRING)

3

6

3

-

Department

Economics and Finance

Instructors

Prof. Dr. S. Kaya ARDIÇ

Contact Information

e-mail: skardic@pirireis.edu.tr

Office Hours

Wednesday 14:00 – 16:00

Web page

https://www.pirireis.edu.tr/uluslararasi-isletmecilik-ve-ticaret-akademik-kadro

Course Type

 Compulsory

Course Language

English

Course Prerequisites

Course Category by Content, %

Basic Sciences

Engineering Science

Engineering Design

Humanities

30

---

---

70

Course Description

This course is a continuation of EF111 and designed to introduce an overview of Macroeconomics. National Income Accounting, Consumption Function, Analysis of Investment will be examined thoroughly and The Theories of Output Determination, Inflation, Government Policies and International Trade will be considered in detail.

Course Objectives

This course attempts to introduce basic concepts in macroeconomics for beginners.

Course Learning Outcomes

By students who passed from EF 121 successfully;

1. Discuss the current developments in economics
2. Evaluate the reasons for main economic problems
3. Evaluate the effects of government policies on macroeconomic variables
4. Analyze the relationships between macroeconomic variables
5. Define main concepts in macroeconomics

Instructional Methods and Techniques

The presentation of theory and the experimental techniques

Tutorial Place

Class

Co-term Condition

-

Textbook

N. Gregory Mankiw, Mark P. Taylor  (2014), Economics, Cengage Learning

Other References

Mankiw, N.G., Principles of Economics, (3rd Edition), Thomson South-Western, 2004.

Homework & Projects

Students  will be required to solve managerial problems presented in textbook.

Laboratory Work

---

Computer Use

---

Other Activities

---

Assessment Criteria

Activities

Quantity

Effects on Grading, %

Attendance

Midterm

1

30

Quiz

Homework

1

10

Term Paper/Project

Laboratory Work

Practices

Tutorial

Seminar

Presentation

Field Study

Final Exam

1

60

TOTAL

100

Effects of Midterm on Grading, %

40

Effects of Final on Grading, %

60

TOTAL

100

Week

Topics

Course Outcomes

1

Measuring a nation’s income

III

2

Measuring the cost of living

I, III

3

Production and growth

III

4

Unemployment

I

5

Saving, investment and financial system

II, V

6

The monetary system

I, III

7

Midterm Exam

8

Money growth and inflation

I, III

9

Open economy macroeconomics: Basic concepts

II, V

10

A macroeconomic theory of the open economy

II, V

11

Business cycles

II, IV, V

12

Keynesian economics and IS-LM analysis

II, V

13

Aggregate demand and aggregate supply

II, IV, V

14

The influence of monetary and fiscal policy on aggregate demand,The short-run trade-off between inflation and unemployment

III, IV, V

Program Outcomes

Level of Contribution

1

2

3

a

Ability to analize the theoretical information in the area of economics and finance, and to assess their implications in implementation.

X

b

Ability to acquire distinctive information in the area of social and and behavioral sciences through academic, managerial, and politically focused written and visual resources

X

c

Ability to acquire knowledge by integrating information related to the field of economics and finance  into computerized environments.

X

d

Ability to present obtained information by employing the technical skills required by the field of economics and finance (such as in computerized environments) in Turkish or English.

X

e

Ability to employ knowledge related to the field of economics and finance in decision-making, application, and the application of decisions.

X

f

Ability to produce multidisciplinary assessments and conduct analyses in harmony with the area of economics and finance, related sub-fields, and other social science areas.

X

g

Ability to incorporate and accurately assess ethical and Professional responsibilities.

X

h

Ability to establish effective high-level written and oral communications in Turkish and English.

X

i

To have a wide-range understanding for the incorporation of the effects of the field of economics and finance in a global context.

X

j

Having acquired lifelong learning skills.

X

k

Having wide knowledge on contemporary topics.

X

l

Being open and adaptive to novelty and varying conditions

X

m

Having practical and theoretical technical knowledge for being able to obtain information and results through data analysis.

X