PAÜ .:. Eğitim Öğretim Bilgi Sistemi

COURSE INFORMATION

Course Code	Course Title	L+P Hour	Semester	ECTS
EKON 102	INTRODUCTION TO ECONOMICS - II	3 + 0	2nd Semester	4,5

COURSE DESCRIPTION

Course Level	Bachelor's Degree
Course Type	Compulsory
Course Objective	The course aims to introduce students to the fundamental concepts of macroeconomics to analyze the effects of monetary and fiscal policy on macroeconomic variables such as inflation, interest rate, unemployment , investment, output, trade balance etc. and to provide a way of understanding how the economy as a whole works.
Course Content	The course explains the determinants of gross domestic income, inflation, unemployment, recessions and expansion, interest rate, trade balance, exchange rate. It also examines alternative views regarding the effectiveness of monetary and fiscal policy on the economy in the short and long run
Prerequisites	No the prerequisite of lesson.
Corequisite	No the corequisite of lesson.
Mode of Delivery	Face to Face

COURSE LEARNING OUTCOMES

1	Analyze to basic principles of macroeconomics.
2	Explain relationships among macroeconomic variables such as gross domestic product, unemployment, inflation, recession and expansion, budget deficit, interest rate, export and import, trade balance
3	Use the concepts of macroeconomics to understand and analyze the effect of a change in a macroeconomic variable on the others.
4	Explain the effects monetary and fiscal policy in the short and long run on the macroeconomic variables
5	Evaluate and foresee the outcome of monetary and fiscal policy on the macroeconomic variables
6	Explain the roles of banking system and central banks in the economy
7	Express how the interest rate is determined and changed in the economy and predict the effects of a change in interest rate on the macroeconomic variables.
8	Use an aggregate demand and aggregate supply model to interpret the effect of economic shocks on inflation and output.

COURSE'S CONTRIBUTION TO PROGRAM

	PO 01	PO 02	PO 03	PO 04	PO 05	PO 06	PO 07	PO 08	PO 09	PO 10	PO 11	PO 12
LO 001	5	5	5	5	5	5	5	5	5	5	5	5
LO 002	4	4	4	4	4	4	5	4	3	4	5	4
LO 003	4	5	4	4	5	5	4	4	4	3	4	5
LO 004	3	4	5	4	3	4	5	4	3	4	5	4
LO 005	4	5	4	5	4	3	4	5	4	3	4	5
LO 006	5	4	5	4	5	4	5	4	5	4	5	4
LO 007	4	4	4	4	4	4	4	4	4	4	5	5
LO 008	5	5	4	5	4	5	4	5	4	5	4	5
Sub Total	34	36	35	35	34	34	36	35	32	32	37	37
Contribution	4	5	4	4	4	4	5	4	4	4	5	5

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION

Activities	Quantity	Duration (Hour)	Total Work Load (Hour)
Course Duration (14 weeks/theoric+practical)	14	3	42
Hours for off-the-classroom study (Pre-study, practice)	14	3	42
Final examination	1	15	15
Midterm	1	18	18
Total Work Load ECTS Credit of the Course			117 4,5

COURSE DETAILS

Select Year

Course Details

Course Code	Course Title	L+P Hour	Course Code	Language Of Instruction	Course Semester
EKON 102	INTRODUCTION TO ECONOMICS - II	3 + 0	3	Turkish	2023-2024 Spring

Course Coordinator	E-Mail	Phone Number	Course Location	Attendance
Asts. Prof. Dr. ÖZGÜR ALTUNTAŞ	oaltuntas@pau.edu.tr		İİBF A0015	%70

Goals		The course aims to introduce students to the fundamental concepts of macroeconomics to analyze the effects of monetary and fiscal policy on macroeconomic variables such as inflation, interest rate, unemployment , investment, output, trade balance etc. and to provide a way of understanding how the economy as a whole works.
Content		The course explains the determinants of gross domestic income, inflation, unemployment, recessions and expansion, interest rate, trade balance, exchange rate. It also examines alternative views regarding the effectiveness of monetary and fiscal policy on the economy in the short and long run

Topics

Weeks	Topics
1	Macroeconomics. Definition. Differences from microeconomics. introduction to macroeconomic subjects.
2	Economic growth.Definition.Calculation. GNP.Accounting methods.Achiving NP. Disposable income.
3	Price index. Real GNP. Ratio of Economic growth
4	Aggregate Demand and Aggregate Supply. Ingredients of Aggregate Demand (Keynes Model). Consumption Function. Saving Function.
5	İnvestment Function. Equilibrium income level. Multiplier effect.
6	Adding government to model. Government expenditures. Taxes. tex multiplier. Transfer expenditures.Effects on equilibrium income level.
7	Open economy model. Exports and imports. Open economy multiplier. Changes in Equilibrium income level
8	Midterm
9	Full employment income level. Inflationary end deflationary gaps. Fiscal policy.
10	Employment. importance. unemployment. Kinds and reasons. Unempoyment policies.
11	Inflation. Importance. Kinds of. Inflation policies.
12	Money. Definition and characteristics of. Kinds of. Money demand. Money supply. Central Bank and functions. Monetary policy.
13	Foreign trade. Reasons for. Foreign trade policy. Instruments for. Balance of payments. Gaps and precaution policies.
14	Economic development. Definition. Underdeveloped country characteristics. Theory of development. Development policies.

Materials

Materials are not specified.

Resources

Resources	Resources Language
Zeynel Dinler "İktisada Giriş"	Türkçe

Course Assessment

Assesment Methods	Percentage (%)	Assesment Methods Title
Final Exam	60	Final Exam
Midterm Exam	40	Midterm Exam

L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes

Prospective Student