Ondokuz Mayıs Üniversitesi Bilgi Paketi - Ders Kataloğu

Description of Individual Course Units

Course Unit CodeCourse Unit TitleType of CourseYearSemesterECTS
SHU112 General Economics-II 927001 1 2 5
Level of Course Unit
First Cycle
Objectives of the Course
Teaching macro based fundamental concepts of economics and basic instruments of analysis (calculations of national income, money, inflation, unemployment, cyclical fluctuations, foreign trade etc.) in introductory level. Therefore, it is intended to improve the ability of students’ evaluation and analysis of current macroeconomic events.
Name of Lecturer(s)
Yrd. Doç. Dr. FERHAT AKYÜZ
Learning Outcomes
  1. Students know the reasons of economic instability such as inflation, unemployment and cyclical fluctuations and they develop. Consequently, they are able to develop policies against these situations.
  2. Ekonomik büyüme ve kalkınmanın dinamiklerini bilir
  3. Para ve mal piyasalarında eş anlı denge kurabilir, para miktarı ile faiz ilişkisini anlar, para politikası araçları ve etkilerini bilir
  4. Students know the definition, functions, features and the role of money in economics in addition to relationship of money supply and interest rates.
  5. Milli gelir ve fiyatlar genel düzeyi ilişkisi, milli gelir ve faiz düzeyi ilişkisi konularında temel düzeyde bilgiye sahiptir
  6. Students calculate national income equilibrium in open and closed economies.
  7. Students are capable of developing and implementing necessary monetary and financial policies during economic instabilities.
  8. Students know the dynamics of economic growth and development.
  9. Students know the basic concepts about national income and factors affecting national income, methods of calculating national income.
Mode of Delivery
Formal Education
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Recommended or Required Reading
Zeynel Dinler, İktisada Giriş, 16. Baskı, Ekin Kitabevi, Bursa, 2011.
Planned Learning Activities and Teaching Methods
Language of Instruction
Turkish
Work Placement(s)
None
Course Contents
National income, methods of calculation of national income, factors affecting national income, determining the national income equilibrium in closed and open economies, relationship between national income and prices, importance and analysis of money in economics. Analysis of inflation, employment and unemployment, cyclical fluctuations in economic life, stabilization programs, external economic relationships, introduction to growth and development.
Weekly Detailed Course Contents
Week Theoretical Practice Laboratory
1.National income and calculation methods and basic concepts of national income
2.Factors affecting national income; consumption, savings and investment functions
3.Determination of national income equilibrium in closed economy and multiplier analysis
4.Determination of national income equilibrium in closed economy
5.National income and general prices level relation, Aggregated Demand-Aggregated Supply (introduction to AD-AS model)
6.Definition, functions, features, types of money, money systems and role of money in economy
7.Money demand, money supply, formation of interest rates, simultaneous equilibrium in money and commodity markets (introduction to IS-LM model)
8.Relationship between quantity of money and general level of prices
9.Inflation (definition, types and reasons), impacts of inflation, fighting against inflation
10.Employment and unemployment; concept of employment, types of unemployment, relationship between inflation and unemployment (introduction to analysis of Phillips curve), policies to fight against unemployment
11.Cyclical fluctuations in economic life (phases and reasons of cyclical fluctuations and policies to fight against cyclical fluctuations
12.Economic stability policies; Keynesian Financial and Monetarist money policy (financial policy instruments and their implementation during recession and inflation, implementation of monetary policy during recession and inflation)
13.Introduction to foreign trade and policy
14.Introduction to growth and development
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight (%)
Midterm Examination1100
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight (%)
Final Examination1100
SUM100
Term (or Year) Learning Activities40
End Of Term (or Year) Learning Activities60
SUM100
Workload Calculation
ActivitiesQuantityTime(hours)Total Workload(hours)
Midterm Examination122
Final Examination122
Attending Lectures10330
Self Study10330
Individual Study for Mid term Examination11515
Individual Study for Final Examination12020
Reading14228
SUM127