NEAR EAST UNIVERSITY
FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES Department of Economics
Course unit title Principles of Economics Course unit code ECON 102
Type of course unit Compulsory
Level of course unit First cycle / Bachelor Year of study First
Semester/trimester when the course unit is delivered
First Semester
Number of ECTS
credits allocated 6
Name of lecturer(s) Assist . Prof. Dr. Ergin Akalpler Learning outcomes
of the course unit The course Principle of Economics -Macroeconomic Theory and Applications aims to ground the student with the fundamentals of macroeconomics. The course aims at introducing students to the basic principles and analytical frameworks of macroeconomics. Emphasis will be on developing skills and analytical frameworks for understanding contemporary macroeconomic issues.
Students will understand basic macroeconomic term, concepts and methodology and use them to analyze the determination of important
macroeconomic variables, including income level, employment, inflation and interest rates and other macro parameters.
Explaın the model of aggrtegate demand and aggregate supply
Students will be able to assess the likelihood that various policy options would improve economic growth and efficiency.
Explain different ways of computing the general movement in prices, and define the relationship between inflation and unemploymentStudents will be able to apply economic reasoning to better understand real world policy issues (using fiscal and
monetary policy options), such as unemployment, inflation and international trade.
Mode of delivery Face-to-face Prerequisites and co-
requisites ECON 101
Recommended optional programme components
-
Course contents Chapter 23 Measuring a Nation’s Income Chapter 24 Measuring the Cost of Living Chapter 25 Production and Growth
Chapter 26 Saving, Investment and the Financial System
Chapter 27 The Basic Tools of Finance Chapter 28 Unemployment
Chapter 29 The Monetary System
Chapter 30 Money Growth and Inflation
Chapter 31Open Economy Macroeconomics: Basic Concepts
Chapter 32 A Macro Economic Theory and the Open Economy
Chapter 33 Aggregate Demand and Aggregate Supply
Chapter 34 The Influence of Monetary and Fiscal Policy on
Aggregate Demand
Chapter 35 The Short Run Trade off Between Inflation and
Unemplyment Recommended or
required reading Required text book:
1- N. Gregory Mankiw: Principles of Economics
Harward University, South Western, Cengage Learning USA, 2009
Recommended books
2- Campbell McConnell, Stanley Brue ,Sean Flynn:
Macroeconomics: Principles, Problems, & Policies, 20th Edition McGraw-Hill Series
3- Paul A. Samuelson, William D. Nordhaus:
Economics, Irwin/McGraw-Hill 2004
.
Planned learning activities and teaching methods
Lectures, class discussions, reading material from textbook, assignments, presentations and exams.
Language of
instruction English Work placement(s) -
ECTS Allocated Based on the Student Workload (Based on 14 teaching weeks)
Activities Numbe
r Hours Total Workload Hours
In class 14 4 56
Assignments 4 3 12
Quizzes- class works 3 1 4
Mid-term exam 1 1 1
Final exam 1 1.5 1.5
Quiz preparation 3 3 9
Presentation 1 5 5
Mid-term exam preparation 1 12 12
Final exam preparation 1 15 15
Self-study 14 2 28
Total workload 143.5
Total workload / 25 hours 143.5 / 25 = 5.74
ECTS credits for the course 6
