| NEW MEDIA | |||||
| 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 |
| 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 be able to critically interpret and discuss the theories, the concepts, the traditions, and the developments in the history of thought which are fundamental for the field of new media, journalism and communication. | |
| 2) | To be able to attain written, oral and visual knowledge about technical equipment and software used in the process of news and the content production in new media, and to be able to acquire effective abilities to use them on a professional level. | |
| 3) | To be able to get information about the institutional agents and generally about the sector operating in the field of new media, journalism and communication, and to be able to critically evaluate them. | |
| 4) | To be able to comprehend the reactions of the readers, the listeners, the audiences and the users to the changing roles of media environments, and to be able to provide and circulate an original contents for them and to predict future trends. | |
| 5) | To be able to apprehend the basic theories, the concepts and the thoughts related to neighbouring fields of new media and journalism in a critical manner. | |
| 6) | To be able to grasp global and technological changes in the field of communication, and the relations due to with their effects on the local agents. | |
| 7) | To be able to develop skills on gathering necessary data by using scientific methods, analyzing and circulating them in order to produce content. | |
| 8) | To be able to develop acquired knowledge, skills and competence upon social aims by being legally and ethically responsible for a lifetime, and to be able to use them in order to provide social benefit. | |
| 9) | To be able to operate collaborative projects with national/international colleagues in the field of new media, journalism and communication. | |
| 10) | To be able to improve skills on creating works in various formats and which are qualified to be published on the prestigious national and international channels. |