INTRODUCTION TO ECONOMICS II PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
ECF110	INTRODUCTION TO ECONOMICS II	2	3	3	6

GENERAL INFORMATION
Language of Instruction :	English
Level of the Course Unit :	BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course :	Compulsory
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Assoc.Prof. ONUR ÖZDEMİR
Instructor(s) of the Course Unit
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	This course aims to provide the student with the ability to explain the operation of the economy by using basic techniques and methods of macroeconomics.
Contents of the Course Unit:	Contents of the course include the subjects such as measurement of total production and income, jobs and unemployment, inflation, economic growth, the monetary system, aggregate supply and aggregate demand and fiscal and monetary policy.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Describe the principles and concepts of macroeconomics. (2)
Interpret the information from digital tables and graphs. (4)
Explain the concepts of capital, investment, growth and savings. (2)
Explain the general and systematic aspects of economic system. (2)
Use basic instruments necessary for macroeconomic analysis. (3)
Use basic models of macroeconomic analysis. (3)

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Reading	Introduction to Course Material	Lecture & Question Answer
2	Reading	GDP: A Measure of Total Production and Income, Chapter 21	Lecture & Question Answer
3	Reading	Jobs and Unemployment, Chapter 22	Lecture & Question Answer & Problem Solving
4	Reading	The CPI and the Cost of Living, Chapter 23	Lecture & Question Answer & Problem Solving
5	Reading	Potential GDP and the Natural Unemployment Rate, Chapter 24	Lecture & Question Answer & Problem Solving
6	Reading	Finance, Saving, and Investment, Chapter 26	Lecture & Question Answer & Problem Solving
7	Reading	The Monetary System, Chapter 27	Lecture & Question Answer & Problem Solving
8	-	MID-TERM EXAM	-
9	Reading	Money Interest and Inflation, Chapter 28	Lecture & Question Answer & Problem Solving
10	Reading	Aggregate Supply and Aggregate Demand, Chapter 29	Lecture & Question Answer & Problem Solving
11	Reading	Aggregate Expenditure Multiplier, Chapter 30	Lecture & Question Answer & Problem Solving
12	Reading	Short-Run Policy Trade-off ,Chapter 31	Lecture & Question Answer & Problem Solving
13	Reading	Fiscal Policy, Chapter 32	Lecture & Question Answer & Problem Solving
14	Reading	Monetary Policy, Chapter 33	Lecture & Question Answer & Problem Solving
15	Reading	Revision	Lecture & Question Answer & Problem Solving
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Bade R. and Parkin M. (2014) Foundations of Economics, 8th Edition, Global Edition, Pearson.

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Describe basic theories of microeconomics and macroeconomics by benefiting from assumptions and axioms.						5
2	Recognize the entries in the book and financial balance sheet of the business organization.				3
3	Define concepts, theories and principles of basic and subfields of international trade by adhering to the background knowledge.					4

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Summarize historical development of the international trade theories by adhering to the chronological order.					4
2	Use theoretical knowledge gained in the field of international trade in occupational practices and daily life.						5
3	Solve financial and legal problems confronted in international trade practices.					4

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate statistical raw data by benefiting from computer programs and relate data with one another in consideration of theoretical knowledge.				3
2	Evaluate developments in the world in consideration of common courses in the faculty with an intellectual perspective.						5

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpret current events and facts in international trade based on advanced knowledge and skills from an analytical and systematic holistic view.						5

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate knowledge about economic globalization and internationalization with current knowledge in the field.					4

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Examine current economic policies applied over the gained advanced knowledge and skills by a critical approach.						5

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain demands in written or verbally by using the foreign language skill in business and social life effectively.		1
2	Tell knowledge, thoughts and solution offers regarding subjects in international trade to relevant stakeholders demands in written or verbally.			2
3	Design a healthy communication network for themselves in the business world by using social life skills.			2

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze current issues, events and problems by benefiting from theoretical and historical knowledge of international trade and economics.				3
2	Develop suggestions for international trade policies by determining economic problems in the macro level.						5
3	Apply commercial applications in consideration of knowledge gained in financing and management of international trade by being inclusive of international market				3
4	Discuss the effects of commercial and financial globalization processes on the income distribution, by benefiting from data.					4

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	14	3	42
Preliminary & Further Study	13	2	26
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	10	2	20
Assignment (Homework)	7	2	14
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	0	0	0
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	1	1	1
Preparation for the Final Exam	4	8	32
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	2	8	16
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	52	0	152