| LOGISTIC MANAGEMENT | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| ECO1212 | Introduction to Economics II | Fall | 3 | 0 | 3 | 8 |
| This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
| Language of instruction: | English |
| Type of course: | Non-Departmental Elective |
| Course Level: | Bachelor’s Degree (First Cycle) |
| Mode of Delivery: | Face to face |
| Course Coordinator : | Assoc. Prof. ÇAĞLAR YURTSEVEN |
| Course Lecturer(s): |
Assist. Prof. AYSE ERTUĞRUL BAYKAN Assoc. Prof. 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. |
|
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 |
| 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 |
| 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.) |
| 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. |
| 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 | |
| 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 | ||
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | To correctly identify the problems and to be able to ask the correct questions | |
| 2) | To have the ability for problem solving and to utilize analytical approach in dealing with the problems | |
| 3) | To be able to distinguish business processes and have knowledge of process design, planning and implementation. | |
| 4) | To use the necessary information and communication technology tools in the field of logistics management. | |
| 5) | To understand the components of logistics as well as the importance of the coordination among these components. | |
| 6) | To know the necessary ingredients for improving the productivity in business life | |
| 7) | To think innovatively and creatively in complex situations | 4 |
| 8) | To act and think both regionally and internationally | |
| 9) | Aware of the two way interaction between globalization and logistics; as well as to use this interaction for increasing the productivity. | |
| 10) | To be able to use at least one foreign language both for communication and academic purposes | 2 |
| 11) | To understand the importance of business ethics and to apply business ethics as a principal guide in both business and academic environment |