Economics and Finance(English) | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | ECO112 | ||||||||
Course Name: | Fundamentals of Economics II | ||||||||
Course Semester: | Spring | ||||||||
Course Credits: |
|
||||||||
Language of instruction: | EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Compulsory | ||||||||
Course Level: |
|
||||||||
Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Prof. Dr. FATMA ÇİĞDEM ÇELİK | ||||||||
Course Lecturer(s): |
Prof. Dr. FATMA ÇİĞDEM ÇELİK |
||||||||
Course Assistants: |
Course Objectives: | This course aims to endow students with the knowledge and understanding of main macroeconomic concepts at an elementary level. Throughout the semester, starting with the most important macroeconomic indicator - GDP per capita (the most widely used proxy of average standards of living) students will get familiar with various major concepts ranging from nominal/real economic variables, economic roles of technology to price indexes, inflation, unemployment, short-run economic fluctuations and counter-cyclical monetary and fiscal policies. Concept will be introduced first in both abstract and real-life contexts, then will be used in the context of basic mathematical models and finally will be used to explain real-life economic phenomena. |
Course Content: | Concepts of accounting and determination of national income; classical and Keynesian theories of output and employment; determination of national savings, investment and consumption; theories of economic growth and development; balance of payments, exchange rate systems, trade and financial flows; monetary and fiscal policy; inflation and anti-inflationary policies; examples from the Global and Turkish economy and macroeconomic indicators. |
The students who have succeeded in this course;
|
Week | Subject | Related Preparation |
1) | The Wealth of Nations: Defining and Measuring Macroeconomic Aggregate | NONE |
2) | The Wealth of Nations: Defining and Measuring Macroeconomic Aggregate | READING |
3) | Aggregate Incomes | READING |
4) | Aggregate Incomes | READING |
5) | Employment and Unemployment | RAEDING |
6) | Employment and Unemployment | READING |
7) | Credit Markets | READING |
8) | MIDTERM | NONE |
9) | Credit Markets | READING |
10) | The Monetary System | READING |
11) | The Monetary System | READING |
12) | Short-Run Fluctuations | READING |
13) | Short-Run Fluctuations | READING |
14) | Countercyclical Macroeconomic Policy | READING |
15) | FINAL EXAM | NONE |
Course Notes / Textbooks: | Economics with MyEconLab, Global Edition, 2/E Daron Acemoglu, David Laibson, John List (Available at University bookstore on Santralistanbul campus). |
References: | Economics with MyEconLab, Global Edition, 2/E Daron Acemoglu, David Laibson, John List . Leading Journals Relevant for this Course: - American Economic Review; - Econometrica; - Journal of Econometrics; - Journal of Political Economy; - Quarterly Journal of Economics; - Annual Review of Economics; - Research Policy; -Review of Economic Studies; - Journal of Economic Literature; - Journal of Economic Perspectives. |
Learning Outcomes | 1 |
2 |
3 |
|||||
---|---|---|---|---|---|---|---|---|
Program Outcomes | ||||||||
1) Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | ||||||||
2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | ||||||||
3) Explain the evolution of financial markets and institutions in a historical context and define how they operate. | ||||||||
4) Recognise the basic principles and regulations in the financial sector. | ||||||||
5) Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | ||||||||
6) Recognise, interpret and discuss the current economic issues both at the national and global levels. | ||||||||
7) Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | ||||||||
8) Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | ||||||||
9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | 5 |
2) | Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | 5 |
3) | Explain the evolution of financial markets and institutions in a historical context and define how they operate. | 3 |
4) | Recognise the basic principles and regulations in the financial sector. | 1 |
5) | Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | 1 |
6) | Recognise, interpret and discuss the current economic issues both at the national and global levels. | 5 |
7) | Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | 3 |
8) | Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | 3 |
9) | Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. | 1 |
Expression | |
Lesson | |
Homework |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Homework | |
Individual Project |
Semester Requirements | Number of Activities | Level of Contribution |
Homework Assignments | 1 | % 20 |
Midterms | 1 | % 30 |
Final | 1 | % 50 |
total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 50 | |
PERCENTAGE OF FINAL WORK | % 50 | |
total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 15 | 45 |
Application | 15 | 30 |
Study Hours Out of Class | 15 | 75 |
Quizzes | 1 | 12 |
Final | 1 | 18 |
Total Workload | 180 |