Iğdır University Lifelong Learning Programme

Description of Individual Course Units

Course Unit Code	Course Unit Title	Type of Course Unit	Year of Study	Semester	Number of ECTS Credits
190400902101	INTRODUCTION TO ECONOMICS II	Compulsory	1	2	4

Level of Course Unit

First Cycle

Objectives of the Course

To learn basic concepts and methodology of macroeconomic.

Name of Lecturer(s)

Dr. Öğr. Üyesi Murat EREN

Learning Outcomes

1	Students will be able to adapt the economic way of thinking to eveyday issues.
2	Students will be capable of building simple models of macroeconomic phenomena
3	Students will be able to use economic terminology appropriately
4	Students will have an understanding of basic macroeconomics

Mode of Delivery

Daytime Class

Prerequisites and co-requisities

None

Recommended Optional Programme Components

None

Course Contents

To provide basic information related to nature of economics and the economic problems as inflation, growth and unemployment.

Weekly Detailed Course Contents

Week	Theoretical	Practice	Laboratory
1	Macroeconomics and Measurement of Macro-economic Activities
2	Aggregate Demand and Aggregate Supply and Macroeconomic Analysis: National income and methods estimation of national income Consumption and saving functions,
3	Aggregate Demand , Aggregate Supply and Macro-economic Analysis: Investment and Investment Function, national Income and Equilibrium, Deflationary and Inflationary gap
4	IS/LM Analysis, Simultaneous equilibrium in good and money markets, CC/LM Analysis, Simultaneous equilibrium in good and money markets
5	Definition of Money, functions of Money and role of Money in economy and Financial system
6	INFLATION
7	EMPLOYMENT, UNEMPLOYMENT: PHILIPS CURVE and TAYLOR CURVE,
8	Midterm
9	NEW CLASSICAL AND NEW KEYNESIAN ECONOMICS
10	NEW CLASSICAL AND NEW KEYNESIAN ECONOMICS II
11	BUSINESS CYCLE THEORY
12	MACROECONOMIC POLICY: MONETARY and FISCAL POLICY
13	MACROECONOMIC POLICY: INCOME POLICY, SUPPLY-SIDE POLICY AND NEW MACRO-ECONOMIC CONSENSUS
14	MACROECONOMIC POLICY: INCOME POLICY, SUPPLY-SIDE POLICY AND NEW MACRO-ECONOMIC CONSENSUS II

Recommended or Required Reading

İlker Parasız, İktisada Giriş, Ezgi Kitabevi, 2008 Michael Parkin, İktisat, 9. Baskı, 2012,Akademi Kitabevi İlker Parasız, Keynes ve Keynes Sonrası Makro Ekonomi, Ezgi Yayınevi, 2011

Planned Learning Activities and Teaching Methods

Assessment Methods and Criteria

Term (or Year) Learning Activities	Quantity	Weight
Midterm Examination	1	100
SUM		100
End Of Term (or Year) Learning Activities	Quantity	Weight
Final Examination	1	100
SUM		100
Term (or Year) Learning Activities		40
End Of Term (or Year) Learning Activities		60
SUM		100

Language of Instruction

Work Placement(s)

None

Workload Calculation

Activities	Number	Time (hours)	Total Work Load (hours)
Midterm Examination	1	1	1
Final Examination	1	2	2
Self Study	14	2	28
Individual Study for Mid term Examination	1	20	20
Individual Study for Final Examination	1	20	20
Homework	14	3	42
TOTAL WORKLOAD (hours)			113

Contribution of Learning Outcomes to Programme Outcomes

	PO 1	PO 2	PO 3	PO 4	PO 5	PO 6
LO1	5	5	5	5	5	5
LO2	4	4	4	4	4	4
LO3	5	4	5	5	5	5
LO4	5	5	5	5	5	5

* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High