Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| INTRODUCTION to ECONOMICS | - | Spring Semester | 3+0 | 3 | 5 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. Osman Zeki GÖKÇE |
| Name of Lecturer(s) | |
| Assistant(s) | |
| Aim | This course aims to explain the dynamics at the macro level economic activity and how the related policies are formulated in light of fundamental economic principles. |
| Course Content | This course contains; Macroeconomics at a Glance: An Overview,Defining and Measuring Macroeconomics Aggregates,Aggregate Incomes,Defining Economic Growth and Notion of Development,Development Around the Globe: Why not all included?,Employment and Unemployment,Credit Markets,Monetary System,Crisis Economics: Short-Run Fluctuations,Countercyclical Macroeconomic Policy,International Macroeconomics,Open Economy Macroeconomics,Understanding Macroeconomics at a Context: The Case of Turkey,Review. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Will be able to explain how the economy works in general. | 10, 13, 16, 6, 9 | A |
| 1.1. Explain how financial markets work. | 10, 13, 16, 6, 9 | A |
| 1.2. Evaluate the economy in terms of national income and employment level | 10, 13, 16, 6, 9 | A |
| 1.3. Explain the interaction between financial markets and the real economy. | 10, 12, 13, 16, 6, 9 | A |
| 2. Will be able to make suggestions regarding economic policy. | 10, 13, 16, 6, 9 | A |
| 2.1. Evaluate the decisions made by the central bank. | 10, 13, 16, 9 | A |
| 2.2. Criticize the monetary policy implemented theoretically. | 10, 16, 6, 9 | A |
| 2.3. Evaluate the fiscal policy used by the government. | 10, 13, 16, 6, 9 | A |
| 2.4. Comment on the long-term economic policies required for economic development. | 10, 13, 16, 6, 9 | A |
| 3. Will be able to analyze current economic phenomena. | 10, 12, 13, 16, 6, 9 | A |
| 3.1. Comment on the changes in the real aggregates like economic growth and employment level | 10, 13, 16, 6, 9 | A |
| 3.2. Discuss the influences on the economy of financial variables like exchange rate and interest rate. | 10, 13, 16, 6, 9 | A |
| 3.3. Analyze general situation of the Turkish economy in light of the changes in the economy. | 10, 13, 16, 6, 9 | A |
| 4. Will be able to compare schools of economic thought in different aspects. | 10, 13, 16, 6, 9 | A |
| 4.1. Comment on the general approach to the economics of the classical school. | 10, 13, 16, 6, 9 | A |
| 4.2. Comment on the general approach to the economics of the Keynesian school. | 10, 13, 16, 6, 9 | A |
| 4.3. Tell the suggestions regarding the economic policy of the other schools of economic thought. | 10, 13, 16, 6, 9 | A |
| 4.4. Explain in what subjects schools of economic thought have conflicting or overlapping opinions. | 10, 13, 16, 6, 9 | A |
| Teaching Methods: | 10: Discussion Method, 12: Problem Solving Method, 13: Case Study Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Macroeconomics at a Glance: An Overview | |
| 2 | Defining and Measuring Macroeconomics Aggregates | |
| 3 | Aggregate Incomes | |
| 4 | Defining Economic Growth and Notion of Development | |
| 5 | Development Around the Globe: Why not all included? | |
| 6 | Employment and Unemployment | |
| 7 | Credit Markets | |
| 8 | Monetary System | |
| 9 | Crisis Economics: Short-Run Fluctuations | |
| 10 | Countercyclical Macroeconomic Policy | |
| 11 | International Macroeconomics | |
| 12 | Open Economy Macroeconomics | |
| 13 | Understanding Macroeconomics at a Context: The Case of Turkey | |
| 14 | Review |
| Resources |
| Daron Acemoglu, David Laibson, John List, Economics, Pearson Global Ed, 2016. |
| Paul Krugman and Robin Wells, Microeconomics, Worth Publishers, 2012. K.E. Case, R.C. Fair, and S.M. Oster, Principles of Economics, Prentice Hall, 2013. |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | PC1. Students know the fundamental concepts, theories, research methods and analysis techniques used in the fields and sub-fields of Political Science and International relations. | ||||||
| 2 | PC2. Students understand the political, economic, social, and cultural relations among political systems, international actors, states and non-state actors; analyzes the reasons for the issues and problems in these fields, develop skills for systematic and critical thinking for alternative solutions. | X | |||||
| 3 | PC3. Students of the program will be able to work at public and private institutions, international organizations, and non-governmental organizations. They will be able to involve in the foreign policy making, analysis, and implementation processes; manage project implementations, and shoulder responsibilities at different positions of decision-making processes. The multi-disciplinary perspective they have developed in the program facilitates following solution-oriented perspective at times of crisis, evaluating existing resolutions and developing new alternatives. | ||||||
| 4 | PC4. Students will be able to conduct scientific research in the fields and sub-fields of political science and international relations, analyze the results and report the findings to stakeholders. | ||||||
| 5 | PC5. Students will be able to conduct scientific research in the fields and sub-fields of political science and international relations, analyze the results and make scientific publications. | ||||||
| 6 | PC6. Students will be able to work as group leader in public and private institutions, plan and administer events and activities. | ||||||
| 7 | PC7. As a result of development of critical thinking, students stay open to change and development; adopt never-ending learning principle to their life. | ||||||
| 8 | PC8. Students use the appropriate oral and written language skills and adopt professional ethics in their communication while sharing results, analyses, and solution suggestions with colleagues and stakeholders | ||||||
| 9 | PC9. Students use English language skills in research and fields of expertise; easily follow international developments and communicates with international stakeholders. | ||||||
| 10 | PC10. Students use fundamental computer skills in communication with colleagues and stakeholders. | ||||||
| 11 | PC11. Students will be able to lead decision-making mechanisms, involve in policy making and analysis processes, and manage negotiation processes in public and private institutions. | ||||||
| 12 | PC12. Students will be able to develop original and scientific solutions and knowledge in their fields of expertise, create projects and act as a consultant to decision-making mechanisms. | ||||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |
| ECTS / Workload Table | ||||||
| Activities | Number of | Duration(Hour) | Total Workload(Hour) | |||
| Course Hours | 14 | 3 | 42 | |||
| Guided Problem Solving | 0 | 0 | 0 | |||
| Resolution of Homework Problems and Submission as a Report | 2 | 10 | 20 | |||
| Term Project | 0 | 0 | 0 | |||
| Presentation of Project / Seminar | 0 | 0 | 0 | |||
| Quiz | 1 | 10 | 10 | |||
| Midterm Exam | 1 | 30 | 30 | |||
| General Exam | 1 | 50 | 50 | |||
| Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
| Total Workload(Hour) | 152 | |||||
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(152/30) | 5 | |||||
| ECTS of the course: 30 hours of work is counted as 1 ECTS credit. | ||||||
Detail Informations of the Course
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| INTRODUCTION to ECONOMICS | - | Spring Semester | 3+0 | 3 | 5 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. Osman Zeki GÖKÇE |
| Name of Lecturer(s) | |
| Assistant(s) | |
| Aim | This course aims to explain the dynamics at the macro level economic activity and how the related policies are formulated in light of fundamental economic principles. |
| Course Content | This course contains; Macroeconomics at a Glance: An Overview,Defining and Measuring Macroeconomics Aggregates,Aggregate Incomes,Defining Economic Growth and Notion of Development,Development Around the Globe: Why not all included?,Employment and Unemployment,Credit Markets,Monetary System,Crisis Economics: Short-Run Fluctuations,Countercyclical Macroeconomic Policy,International Macroeconomics,Open Economy Macroeconomics,Understanding Macroeconomics at a Context: The Case of Turkey,Review. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Will be able to explain how the economy works in general. | 10, 13, 16, 6, 9 | A |
| 1.1. Explain how financial markets work. | 10, 13, 16, 6, 9 | A |
| 1.2. Evaluate the economy in terms of national income and employment level | 10, 13, 16, 6, 9 | A |
| 1.3. Explain the interaction between financial markets and the real economy. | 10, 12, 13, 16, 6, 9 | A |
| 2. Will be able to make suggestions regarding economic policy. | 10, 13, 16, 6, 9 | A |
| 2.1. Evaluate the decisions made by the central bank. | 10, 13, 16, 9 | A |
| 2.2. Criticize the monetary policy implemented theoretically. | 10, 16, 6, 9 | A |
| 2.3. Evaluate the fiscal policy used by the government. | 10, 13, 16, 6, 9 | A |
| 2.4. Comment on the long-term economic policies required for economic development. | 10, 13, 16, 6, 9 | A |
| 3. Will be able to analyze current economic phenomena. | 10, 12, 13, 16, 6, 9 | A |
| 3.1. Comment on the changes in the real aggregates like economic growth and employment level | 10, 13, 16, 6, 9 | A |
| 3.2. Discuss the influences on the economy of financial variables like exchange rate and interest rate. | 10, 13, 16, 6, 9 | A |
| 3.3. Analyze general situation of the Turkish economy in light of the changes in the economy. | 10, 13, 16, 6, 9 | A |
| 4. Will be able to compare schools of economic thought in different aspects. | 10, 13, 16, 6, 9 | A |
| 4.1. Comment on the general approach to the economics of the classical school. | 10, 13, 16, 6, 9 | A |
| 4.2. Comment on the general approach to the economics of the Keynesian school. | 10, 13, 16, 6, 9 | A |
| 4.3. Tell the suggestions regarding the economic policy of the other schools of economic thought. | 10, 13, 16, 6, 9 | A |
| 4.4. Explain in what subjects schools of economic thought have conflicting or overlapping opinions. | 10, 13, 16, 6, 9 | A |
| Teaching Methods: | 10: Discussion Method, 12: Problem Solving Method, 13: Case Study Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Macroeconomics at a Glance: An Overview | |
| 2 | Defining and Measuring Macroeconomics Aggregates | |
| 3 | Aggregate Incomes | |
| 4 | Defining Economic Growth and Notion of Development | |
| 5 | Development Around the Globe: Why not all included? | |
| 6 | Employment and Unemployment | |
| 7 | Credit Markets | |
| 8 | Monetary System | |
| 9 | Crisis Economics: Short-Run Fluctuations | |
| 10 | Countercyclical Macroeconomic Policy | |
| 11 | International Macroeconomics | |
| 12 | Open Economy Macroeconomics | |
| 13 | Understanding Macroeconomics at a Context: The Case of Turkey | |
| 14 | Review |
| Resources |
| Daron Acemoglu, David Laibson, John List, Economics, Pearson Global Ed, 2016. |
| Paul Krugman and Robin Wells, Microeconomics, Worth Publishers, 2012. K.E. Case, R.C. Fair, and S.M. Oster, Principles of Economics, Prentice Hall, 2013. |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | PC1. Students know the fundamental concepts, theories, research methods and analysis techniques used in the fields and sub-fields of Political Science and International relations. | ||||||
| 2 | PC2. Students understand the political, economic, social, and cultural relations among political systems, international actors, states and non-state actors; analyzes the reasons for the issues and problems in these fields, develop skills for systematic and critical thinking for alternative solutions. | X | |||||
| 3 | PC3. Students of the program will be able to work at public and private institutions, international organizations, and non-governmental organizations. They will be able to involve in the foreign policy making, analysis, and implementation processes; manage project implementations, and shoulder responsibilities at different positions of decision-making processes. The multi-disciplinary perspective they have developed in the program facilitates following solution-oriented perspective at times of crisis, evaluating existing resolutions and developing new alternatives. | ||||||
| 4 | PC4. Students will be able to conduct scientific research in the fields and sub-fields of political science and international relations, analyze the results and report the findings to stakeholders. | ||||||
| 5 | PC5. Students will be able to conduct scientific research in the fields and sub-fields of political science and international relations, analyze the results and make scientific publications. | ||||||
| 6 | PC6. Students will be able to work as group leader in public and private institutions, plan and administer events and activities. | ||||||
| 7 | PC7. As a result of development of critical thinking, students stay open to change and development; adopt never-ending learning principle to their life. | ||||||
| 8 | PC8. Students use the appropriate oral and written language skills and adopt professional ethics in their communication while sharing results, analyses, and solution suggestions with colleagues and stakeholders | ||||||
| 9 | PC9. Students use English language skills in research and fields of expertise; easily follow international developments and communicates with international stakeholders. | ||||||
| 10 | PC10. Students use fundamental computer skills in communication with colleagues and stakeholders. | ||||||
| 11 | PC11. Students will be able to lead decision-making mechanisms, involve in policy making and analysis processes, and manage negotiation processes in public and private institutions. | ||||||
| 12 | PC12. Students will be able to develop original and scientific solutions and knowledge in their fields of expertise, create projects and act as a consultant to decision-making mechanisms. | ||||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |