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Course Description Course Name : Economics 2 Course Code : HK 110 Course Type : Optional Level of Course : First Cycle Year of Study : 1 Course Semester : Spring (16 Weeks) ECTS : 3 Name of Lecturer(s) : Asst.Prof.Dr. HAKKI ÇİFTÇİ Learning Outcomes of the Course : Has a broad understanding of basic economic relations, able to think critically and applies economic reasoning in daily life decison-making process and public decisions. Has a broad understandings of GDP, its components (C, I, G, X,M), the relationship among them. Has a broad understanding of growth, price indexes, inflation, unemployment, business cycles and interaction among them. The students are expected to understand equilibrium level of prices and output in economy, how AD and AS works in the long-run and in the short-run. The students are expected to have a broad understanding of money, banking, monetary policy, and fiscal policy; the roles of money supply and demand for money, interest rate, tax, and their effects on the reaching full employment, stable prices and sustainable growth rates. Mode of Delivery : Face-to-Face Prerequisites and Co-Prerequisites : None Recommended Optional Programme Components : None Aim(s) of Course : Introduction to Economics II deals with macroeconomics. Subjects such as national income accounting and its determination, aggregate demand and aggregate supply, equilibrium income, fiscal policy, monetary policy, money and banking, the price level, inflation, umemployment, growth and economic fluctuations will be seen. Course Contents : National income and its determination; changes in national income, elements of public finance, money and banking, international trade, macroeconomic policy, economic growth and development. Illustrations from the Turkish economy will be given. Language of Instruction : Turkish Work Place : Classrooms   Course Outline /Schedule (Weekly) Planned Learning Activities Week Subject Student's Preliminary Work Learning Activities and Teaching Methods 1 Introduction to macroeconomics Reading course book Lecture, problem session, and case studies 2 National Income Reading course book Lecture, problem session, and case studies 3 The main macroeconomic issues Reading course book Lecture, problem session, and case studies 4 The main macroeconomic issues Reading course book Lecture, problem session, and case studies 5 The main macroeconomic issues Reading course book Lecture, problem session, and case studies 6 Determining the level of income and price Reading course book Lecture, problem session, and case studies 7 Determination of the income level by total expenditures Reading course book Lecture, problem session, and case studies 8 Mid-term week 9 Public budget and fiscal policy Reading course book Lecture, problem session, and case studies 10 Money and Banking Reading course book Lecture, problem session, and case studies 11 Monetary Theory and Policy Reading course book Lecture, problem session, and case studies 12 Inflation Reading course book Lecture, problem session, and case studies 13 International Trade Reading course book Lecture, problem session, and case studies 14 Current macroeconomic issues Reading course book Lecture, problem session, and case studies 15 Revision Reading course book Lecture, problem session, and case studies 16/17 Final week   Required Course Resources Resource Type Resource Name Recommended Course Material(s)  Prof. Dr. Zeynel DİNLER, İktisada Giriş, Ekin 2004 Prof. Dr. Orhan TÜRKAY, İktisat Teorisine Giriş, İmaj Prof. Dr. Erdoğan ALKİN, İktisat, İÜ Yay. Required Course Material(s)   Assessment Methods and Assessment Criteria Semester/Year Assessments Number Contribution Percentage     Mid-term Exams (Written, Oral, etc.) 1 60     Homeworks/Projects/Others 2 40 Total 100 Rate of Semester/Year Assessments to Success 40   Final Assessments 100 Rate of Final Assessments to Success 60 Total 100   Contribution of the Course to Key Learning Outcomes # Key Learning Outcome Contribution* 1 Communicates with colleagues in a foreign language and keeps up with international developments in the field of law. 1 2 Conducts scientific studies in the field. 3 3 Has general legal knowledge in the field of information systems and demonstrates the ability to use required soft wares 3 4 Has a basic knowledge of the codification process and how to use newly gained legal knowledge in their work environment. 2 5 Knows the rules regulating the relationship between the state and society,and between the estate and the individual, and can interpret these rules. 3 6 Takes on tasks; the administrative organization of the country´s governor, the governor, the chief of police, inspectors, also in areas such as banking and finance senior positions and so on. 3 7 Has theoretical information of legal systems, rules, and review methods 3 8 Knows the historical and sociological development process of law and legal norms 2 9 Has knowledge of the relevant regulations, decisions of judicial bodies, their development and the relevant scientific assessments. 2 10 Knows how to access and use local and international law sources. 3 11 Has the skills needed to work as a judge, prosecutor, lawyer, notaryor legal counsel after graduating from the School of law. 2 12 Has sufficient knowledge of the common laws that govern the use of skilled workers in the public and private sector 1 13 Understands and uses the basic concepts of law; has the ability to conduct legal and normative research, predicts outcomes of decisions taken, develops strategical solutions while taking into account cause and effect relationships. 1 14 Is legally objective and has an impartial attitude towards daily events, is honest and morally ethical; all of which are characteristics or equired of lawyers. 2 15 Develops critical thinking skills in order to re-interpret laws according to the needs of humanity 2 16 Has written and oral communication skills, can convey ideas to other using persuasive speech, is capable of producing alternative solutions and can analyze information. 3 * Contribution levels are between 0 (not) and 5 (maximum).   Student Workload - ECTS Works Number Time (Hour) Total Workload (Hour) Course Related Works     Class Time (Exam weeks are excluded) 14 2 28     Out of Class Study (Preliminary Work, Practice) 14 2 28 Assesment Related Works     Homeworks, Projects, Others 2 3 6     Mid-term Exams (Written, Oral, etc.) 1 1 1     Final Exam 1 1 1 Total Workload: 64 Total Workload / 25 (h): 2.56 ECTS Credit: 3