Course Information

Semester	Course Unit Code	Course Unit Title	T+P+L	Credit	Number of ECTS Credits	Last Updated Date
2	ECO102	Introduction to Economics II	3+0+0	3	5	11.12.2024

Course Details

Language of Instruction	English
Level of Course Unit	Bachelor's Degree
Department / Program	Political Science and International Relations
Type of Program	Formal Education
Type of Course Unit	Compulsory
Course Delivery Method	Face To Face
Objectives of the Course	Understanding the role of economic in global politics Being able to determine consumer and supplier behaviors with respect to rationality assumptions Being able apply economic theories on real-life examples
Course Content	This course focuses on introducing economics in terms of political scientists’ perspectives. You will learn the connection between economics and international politics and understand why certain economic policies are pursued both nationally and internationally. We will examine topics, such as externalities (both negative and positive), poverty, income inequality, importance of information, financial markets, public economy, economic growth, inflation, macroeconomic perspective and the like.
Course Methods and Techniques	Lecture
Prerequisites and co-requisities	None
Course Coordinator	None
Name of Lecturers	Asist Prof.Dr. Mehmet Önder
Assistants	None
Work Placement(s)	No

Recommended or Required Reading

Resources

Acemoglu et al. (2018). Economics: Global Edition. Routledge. ISBN-10: ? 1292214503 ISBN-13: ? 978-1292214504
Buchanan, J. M. (1987). The constitution of economic policy. Science, 236(4807), 1433-1436. Geddes, P. (1884). An analysis of the principles of economics. Proceedings of the Royal Society of Edinburgh, 12, 943-980.
Baker, S. R., Bloom, N., & Davis, S. J. (2016). Measuring economic policy uncertainty. The quarterly journal of economics, 131(4), 1593-1636.
Elzinga, K. G. (1992). The eleven principles of economics. Southern Economic Journal, 861-879.
Knight, F. H. (1951). The role of principles in economics and politics. The American Economic Review, 1-29.

Course Category

Social Sciences	%100
Field	%100

Planned Learning Activities and Teaching Methods

Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria

In-Term Studies	Quantity	Percentage
Mid-terms	1	% 20
Quizzes	4	% 24
Attendance	14	% 10
Project	1	% 6
Final examination	1	% 40
Total	21	% 100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration	Total Work Load
Course Duration	14	3	42
Presentation	1	4	4
Mid-terms	1	18	18
Project	4	15	60
Final examination	1	26	26
Total Work Load			Number of ECTS Credits 5 150

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:

No	Learning Outcomes
1	Develop a knowledge of the concepts central to the economics theory
2	Interpret the dynamic nature of the economic systems
3	Apply learned knowledge to advanced level economics courses.

Weekly Detailed Course Contents

Contribution of Learning Outcomes to Programme Outcomes

	P1	P2	P3	P4	P5	P6	P7	P8
C1	2	1	3		3
C2	3	2	2		2	3	2	2
C3	2		2	1		2

Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant

Week	Topics	Study Materials	Materials
1	Course basics, expectations, syllabus and agreement, organization, logistics, and the like.	No assigned readings	No assigned readings
2	Environmental Protection and Negative Externalities – Part I	? The Economics of Pollution ? Command-and-Control Regulation ? Market-Oriented Environmental Tools Greenlaw et al. (2024) Ch. 12	? The Economics of Pollution ? Command-and-Control Regulation ? Market-Oriented Environmental Tools Greenlaw et al. (2024) Ch. 12
3	Environmental Protection and Negative Externalities – Part II	? The Benefits and Costs of U.S. Environmental Laws ? International Environmental Issues ? The Tradeoff between Economic Output and Environmental Protection Greenlaw et al. (2024) Ch. 12 cont’d. and other reading/watching if assigned in the previous session.	? The Benefits and Costs of U.S. Environmental Laws ? International Environmental Issues ? The Tradeoff between Economic Output and Environmental Protection Greenlaw et al. (2024) Ch. 12 cont’d. and other reading/watching if assigned in the previous session.
4	Positive Externalities and Public Goods	? Investments in Innovation ? How Governments Can Encourage Innovation ? Public Goods Greenlaw et al. (2024) Ch. 13 and other reading/watching if assigned in the previous session.	? Investments in Innovation ? How Governments Can Encourage Innovation ? Public Goods Greenlaw et al. (2024) Ch. 13 and other reading/watching if assigned in the previous session.
5	Poverty and Economic Inequality – Part I	? Introduction to Poverty and Economic Inequality ? Drawing the Poverty Line ? The Poverty Trap Greenlaw et al. (2024) Ch. 15 and other reading/watching if assigned in the previous session. Quiz #1: Weeks 2,3,4	? Introduction to Poverty and Economic Inequality ? Drawing the Poverty Line ? The Poverty Trap Greenlaw et al. (2024) Ch. 15 and other reading/watching if assigned in the previous session. Quiz #1: Weeks 2,3,4
6	Poverty and Economic Inequality – Part II	? The Safety Net ? Income Inequality: Measurement and Causes ? Government Policies to Reduce Income Inequality	? The Safety Net ? Income Inequality: Measurement and Causes ? Government Policies to Reduce Income Inequality
7	Information, Risk, and Insurance	? Introduction to Information, Risk, and Insurance 389 ? The Problem of Imperfect Information and Asymmetric Information 390 ? Insurance and Imperfect Information Greenlaw et al. (2024) Ch. 16 and other reading/watching if assigned in the previous session. Quiz #2: Weeks 5,6	? Introduction to Information, Risk, and Insurance 389 ? The Problem of Imperfect Information and Asymmetric Information 390 ? Insurance and Imperfect Information Greenlaw et al. (2024) Ch. 16 and other reading/watching if assigned in the previous session. Quiz #2: Weeks 5,6
8	Mid-Term Exam
9	Public Economy	? Introduction to Public Economy ? Voter Participation and Costs of Elections ? Special Interest Politics ? Flaws in the Democratic System of Government Greenlaw et al. (2024) Ch. 18 and other reading/watching if assigned in the previous session.	? Introduction to Public Economy ? Voter Participation and Costs of Elections ? Special Interest Politics ? Flaws in the Democratic System of Government Greenlaw et al. (2024) Ch. 18 and other reading/watching if assigned in the previous session.
10	The Macroeconomic Perspective – Part I	? Introduction to the Macroeconomic Perspective ? Measuring the Size of the Economy: Gross Domestic Product ? Adjusting Nominal Values to Real Values Greenlaw et al. (2024) Ch. 19 and other reading/watching if assigned in the previous session.	? Introduction to the Macroeconomic Perspective ? Measuring the Size of the Economy: Gross Domestic Product ? Adjusting Nominal Values to Real Values Greenlaw et al. (2024) Ch. 19 and other reading/watching if assigned in the previous session.
11	The Macroeconomic Perspective – Part II	? Tracking Real GDP over Time ? Comparing GDP among Countries ? How Well GDP Measures the Well- Being of Society Greenlaw et al. (2024) Ch. 19 cont’d. and other reading/watching if assigned in the previous session.	? Tracking Real GDP over Time ? Comparing GDP among Countries ? How Well GDP Measures the Well- Being of Society Greenlaw et al. (2024) Ch. 19 cont’d. and other reading/watching if assigned in the previous session.
12	Economic Growth	? The Relatively Recent Arrival of Economic Growth ? Labor Productivity and Economic Growth ? Components of Economic Growth ? Economic Convergence Greenlaw et al. (2024) Ch. 20 and other reading/watching tasks in online course learning management system.	? The Relatively Recent Arrival of Economic Growth ? Labor Productivity and Economic Growth ? Components of Economic Growth ? Economic Convergence Greenlaw et al. (2024) Ch. 20 and other reading/watching tasks in online course learning management system.
13	Inflation	? Tracking Inflation ? How to Measure Changes in the Cost of Living ? How the U.S. and Other Countries Experience Inflation ? The Confusion Over Inflation ? Indexing and Its Limitations Greenlaw et al. (2024) Ch. 20 cont’d. and other reading/watching tasks in online course learning management system.	? Tracking Inflation ? How to Measure Changes in the Cost of Living ? How the U.S. and Other Countries Experience Inflation ? The Confusion Over Inflation ? Indexing and Its Limitations Greenlaw et al. (2024) Ch. 20 cont’d. and other reading/watching tasks in online course learning management system.
14	The International Trade and Capital Flows – Part I	? Measuring Trade Balances ? Trade Balances in Historical and International Context ? Trade Balances and Flows of Financial Capital Greenlaw et al. (2024) Ch. 23 and other reading/watching tasks in online course learning management system. Quiz #4: Weeks 12, 13	? Measuring Trade Balances ? Trade Balances in Historical and International Context ? Trade Balances and Flows of Financial Capital Greenlaw et al. (2024) Ch. 23 and other reading/watching tasks in online course learning management system. Quiz #4: Weeks 12, 13
15	The International Trade and Capital Flows – Part II Wrapping Up	? The National Saving and Investment Identity ? The Pros and Cons of Trade Deficits and Surpluses ? The Difference between Level of Trade and the Trade Balance ? Revising the topics covered in the class. Greenlaw et al. (2024) Ch. 23 cont’d. and other reading/watching tasks in online course learning management system.	? The National Saving and Investment Identity ? The Pros and Cons of Trade Deficits and Surpluses ? The Difference between Level of Trade and the Trade Balance ? Revising the topics covered in the class. Greenlaw et al. (2024) Ch. 23 cont’d. and other reading/watching tasks in online course learning management system.
16	Final Exam