POLITICAL SCIENCE AND INTERNATIONAL RELATIONS
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
ECO1212	Introduction to Economics II	Spring	3	0	3	8

Basic information

Language of instruction:	English
Type of course:	Must Course
Course Level:	Bachelor’s Degree (First Cycle)
Mode of Delivery:	Face to face
Course Coordinator :	Prof. Dr. ÇAĞLAR YURTSEVEN
Course Lecturer(s):	Assist. Prof. AYSE ERTUĞRUL BAYKAN Prof. Dr. ÇAĞLAR YURTSEVEN
Recommended Optional Program Components:	None
Course Objectives:	Introduction to Economics-II is an introduction to the fundamentals of macroeconomics. Emphasis will be given to study of the aggregate economy with booms and recessions, the economy’s total production of goods and services, economic growth and unemployment, money supply and interest rates, fiscal and monetary policies and foreign exchange markets. The focus of the course is to look at long-run economic growth first and then at short-run business cycle fluctuations.

Learning Outcomes

The students who have succeeded in this course;
1. Identify the basic concepts of macroeconomics
2. Calculate Gross Domestic Product using the expenditures and income approach
3. Calculate the rate of inflation
4. Calculate the rate of unemployment
5. Explain the role of money and interest rates for the economic growth
6. Describe basic concepts of open-economy macroeconomics
7.Use the aggregate demand and aggregate supply model
8.Describe the inﬂuence of monetary and ﬁscal policy on aggregate demand
9.Identify the short-run trade-off between inﬂation and unemployment

Course Content

The teaching methods of the course are Lecture and Problem Solving.
National Income Accounts, Cost Of Living and Inflation, Output, Economic Growth and Well Being, Financial Markets and the way They Function, Employment, Unemployment and Economic Performance, Monetary Economics and Policy, Macroeconomics for Open Economies, Open Economy in the short and medium runs, Monetary anf Fiscal Policies, Phillips Curve and Inflation

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Opening Lecture Overview of the course Why study Introduction to Economics II	Mankiw&Taylor Ch20 (4th ed.)
2)	Measuring a nation’s well-being - National Income	Mankiw&Taylor Ch20 (4th ed.)
3)	Measuring a nation’s well-being Cost of Living	Mankiw&Taylor Ch20 (4th ed.)
4)	Production and Growth	Mankiw&Taylor Ch21 (4th ed.)
5)	Unemployment	Mankiw&Taylor Ch22 (4th ed.)
6)	Saving, Investment, and The Financial System	Mankiw&Taylor Ch23 (4th ed.)
7)	The Monetary System	Mankiw&Taylor Ch24 (4th ed.)
8)	Midterm Week
9)	Project submission	Deadline of the project TBA
10)	Money Growth and Inflation	Mankiw&Taylor Ch24 (4th ed.)
11)	Open-economy Macroeconomics	Mankiw&Taylor Ch25 (4th ed.)
12)	Aggregate Demand and Aggregate Supply	Mankiw&Taylor Ch28 (4th ed.)
13)	The inﬂuence of monetary and policy on aggregate demand	Mankiw&Taylor Ch33 (4th ed.)
14)	Review Applications & Case Studies	The case studies a applications in Mankiw&Taylor (4th ed.)

Sources

Course Notes / Textbooks:

Economics, Gregory MANKIW & Mark P. TAYLOR, Cengage Publishing, 3rd, 4th or 5th edition (pay attention to chapter numbers in different editions, they are different).

References:

The following open-access e-books are recommended as supplementary textbooks:
• Principles of Economics, Steven A. GREENLAW & Timothy TAYLOR, OpenStax
• The Economy, The CORE Project
The following books are strongly recommended to read during the semester:
• The Undercover Economist Strikes Back, Tim HARFORD
For videos: https://mru.org/principles-economics-macroeconomics-0 The following platform is strongly recommended to follow:
• econlowdown.org
Econlowdown is a free economic education portal developed by the central bank of the San Francisco, Federal Reserve Bank of St. Louis. It provides online modules, articles, videos and podcasts. To register to econlowdown, go to https://www.econlowdown.org.

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Midterms	1	% 50
Final	1	% 50
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	13	3	39
Study Hours Out of Class	14	11	154
Midterms	1	1	1
Final	1	2	2
Total Workload			196

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	Grasp basic theoretical and conceptual knowledge about the field and relations between them at the level of practice.	2
2)	Possess basic knowledge about the causes and effects of political transformations in societies.	2
3)	Possess knowledge about quantitative, qualitative and mixed research methods in social and behavioral sciences.	2
4)	Recognize historical patterns while evaluating contemporary political and social developments.	2
5)	Demonstrate interdisciplinary and critical approach while analyzing, synthesizing and forecasting domestic and foreign policy.	2
6)	Conduct studies in the field professionally, both independently or as a team member.	2
7)	Possess consciousness about lifelong learning based on Research & Development.	3
8)	Communicate with peers both orally and in writing, by using a foreign language at least at a level of European Language Portfolio B1 General Level and the necessary informatics and communication technologies.	2
9)	Apply field-related knowledge and competences into career advancement, projects for sustainable development goals, and social responsibility initiatives.	2
10)	Possess the habit to monitor domestic and foreign policy agenda as well as international developments.	2
11)	Possess competence to interpret the new political actors, theories and concepts in a global era.	2
12)	Evaluate the legal and ethical implications of advanced technologies on politics.	2