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
Year of study
First cycle / Bachelor
First
Semester/trimester when the First Semester
course unit is delivered
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
Prerequisites and corequisites
Face-to-face
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
In class
Assignments
Quizzes- class works
Mid-term exam
Final exam
Quiz preparation
Presentation
Mid-term exam preparation
Final exam preparation
Self-study
Total workload
Total workload / 25 hours
ECTS credits for the course
Number
14
4
3
1
1
3
1
1
1
14
Hours
4
3
1
1
1.5
3
5
12
15
2
Total Workload Hours
56
12
4
1
1.5
9
5
12
15
28
143.5
143.5 / 25 = 5.74
6