Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
2İKT102Introduction to Economics II3+0+03518.08.2026
Course Details
Language of Instruction Turkish
Level of Course Unit Bachelor's Degree
Department / Program Economics
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course Our aim is to equip our students with an infrastructure that will allow them to easily understand the various courses they will take during their education, especially the Macro Economics I and II courses that they will read in the 2nd year. It will be very difficult to learn these lessons without learning this lesson well and building a solid foundation.
Course Content basic concepts and subjects of macroeconomics; national income and related concepts and calculation methods of national income; basics of aggregate supply and aggregate demand theories in macroeconomics and analysis of macroeconomic equilibrium; the foundations of Classical and Keynesian economics, which are the two main lines of economic analysis; Keynesian model of economy and determining the equilibrium level of national income in this model; the nature of money, its functions, money standards, money supply and demand, classical monetary theory and the effects of money on the economy; the relationship between inflation and inflation-unemployment; foreign trade theory and policies, foreign exchange market, exchange rate and balance of payments.
Course Methods and Techniques
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Prof.Dr. M. Hanifi Aslan
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Yalta, A. Yasemin, A. Talha Yalta. Modern Makroekonomiye Giriş. 1. Baskı, Ankara: Adres Yayınları, 2019.
Parasız, İlker. İktisada Giriş. 10. Baskı. Bursa: Ezgi Kitabevi, 2010.
Course Notes Each lesson begins with the lecturer introducing the current lesson topic. The course is taught in an interactive way. Methods such as lecture, question-answer, case study, discussion of research findings are applied together. Therefore, students need to be thoroughly prepared by reading the topic the week before class.

Course Category
Social Sciences %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 % 40
Final examination 1 % 60
Total
2
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Mid-terms 1 60 60
Final examination 1 90 90
Total Work Load   Number of ECTS Credits 5 150

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Understands the abstract and ideal perfectly competitive market, its conditions and functioning; companies learn how they maximize their profits.
2 Learns the monopoly market, its causes and types, the revenues and profit maximization of the monopoly firm, and compares this market and its results with those of the perfectly competitive market.
3 Learns monopolistic competition and oligopoly markets and their functioning from other market types in economies, can explain the balances of firms in these markets and compare them with other markets.
4 factor of production markets; characteristics of factors of production; how labor, capital and natural resources markets work; understands and explains how wages, interest, rent and profit are formed.
5 Learns the concepts of income distribution, income inequality, poverty and how to measure them; understands the moral foundations of income distribution; comprehend the policies on how to change the income distribution.
6 Define basic macroeconomic concepts and issues; learns basic macroeconomic variables and problems and macroeconomic objectives.
7 Learns the definitions of national income and related concepts and methods of calculating national income.
8 Learns the main lines and differences of Classical and Keynesian views, which represent two main lines in macroeconomic analysis. Understands aggregate supply and aggregate demand, approaches and explanations for the analysis of macroeconomics and learns how to explain the general balance of the economy with these tools.
9 Learns to approach the analysis and functioning of macroeconomics within the framework of Keynesian view, how the equilibrium level of national income is determined and the effects of changes in private investment expenditures, public expenditures and taxes on this balance level, together with their mechanisms.
10 Comprehends the nature of money, its features, money standards and functions. Money supply, money demand and money market equilibrium explain the determination of the interest rate; understand how the central bank and banks issue money.

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Firm Equilibrium in a Perfect Competition Market
2 Monopoly
3 Monopolistic Competition and Oligopoly Market
4 Factor Markets (Factor Markets and Pricing of Production Factors)
5 Income Inequality (Income Distribution)
6 Basic Concepts and Topics of Macroeconomics
7 National Income Concepts and National Income Calculation Methods
8 Midterm
9 Fundamentals of Classical and Keynesian Macroeconomics Aggregate Demand, Aggregate Supply and Macroeconomic Equilibrium
10 Simple Keynesian Model and Determination of National Income
11 Nature and Functions of Money, Money Supply of Central Banks and Banks
12 Money Demand, Effects of Money on the Economy and Inflation Employment, Unemployment and Inflation
13 International Trade Theory and Foreign Trade Policy Currency, Exchange Rate and Balance of Payments

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12
All 5 5 5 5 4 4 4 4 5 5 5 5
C1 4 4 5 4 4 4 4 4 4 3 3 4
C2 4 3 4 3 4 3 4 5 5 4 3 3
C3 4 5 4 3 3 3 4 4 5 4 3 3
C4 5 5 4 5 4 3 3 4 4 5 4 3
C5 4 5 4 4 3 3 4 5 4 5 4 4
C6 4 5 4 3 3 4 4 4 3 4 4 4
C7 4 5 4 4 3 3 4 4 3 3 4 4
C8 4 5 4 4 4 5 4 4 4 4 4 3
C9 4 4 4 4 4 5 4 4 4 4 4 4
C10 4 4 5 4 4 3 4 5 4 4 4 4

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