KIUS
English


BUSINESS ADMINISTRATION (ENGLISH) PROGRAMME
COURSE DESCRIPTION
Name of the Course Unit Code Year Semester In-Class Hours (T+P) Credit ECTS Credit
INTRODUCTION TO ECONOMICS II ECO102 1 2 3+0 3.0 7.0


General Information
Language of Instruction English
Level of the Course Unit Bachelor's Degree, TYYÇ: Level 6, EQF-LLL: Level 6, QF-EHEA: First Cycle
Type of the Course Compulsory
Mode of Delivery of the Course Unit Face-to-face
Work Placement(s) Requirement for the Course Unit Yes
Coordinator of the Course Unit
Instructor(s) of the Course Unit
Assistant(s) of the Course Unit

Prerequisites and/or co-requisities of the course unit
CATEGORY OF THE COURSE UNIT
Category of the Course Unit Degree of Contribution (%)
Fundamental Course in the field % 70
Course providing specialised skills to the main field % 30
Course providing supportive skills to the main field -
Course providing humanistic, communication and management skills -
Course providing transferable skills -

Objectives and Contents
Objectives of the Course Unit 1. To understand the issue of macroeconomic measurement and the different concepts of National Income Accounting (GDP, GNP). 2. To evaluate the impact of monetary and fiscal policies on macroeconomic variables such as employment, inflation, interest rate, price level, demand and supply. 3. To understand the working of various macroeconomic models (AD-AS model). 4. To understand the economic institutions behind the macroeconomic performance. 5. To promote critical thinking in areas of macroeconomic theory and macroeconomic policy. 6. To understand the causes and the consequences of economic fluctuation (Business Cycle).
Contents of the Course Unit Introduction to Economics II is a introductory course in macroeconomics. The primary objective of this course is to enable students appreciate the “economic way of thinking”. This course explains the forces affecting national economies: variation in money and interest, income, productivity, employment, prices, inflation. Explain tools and models necessary for analysis (AD-AS model). In addition examines monetary and fiscal theories and policies, explain the role governments plays in the national and international economies as a result of monetary and fiscal policies through the exercise of its regulatory power. Also give understanding of the performance and the structure of the economy, through analyzing GDP (GNP), balance of payments, sectoral structure of the economy.
Contribution of the Course Intending to Provide the Professional Education It is a key discipline in the profession.

No
 Key Learning Outcomes of the Course Unit
On successful completion of this course unit, students/learners will or will be able to:
1 A student who has completed the “Introduction to Economics II” sequences should be able to think critically and be able to apply economic reasoning in making personal and business decisions and in analyzing public policies.
2 The students should be able to use appropriate diagrams and time series graphs to express macroeconomic relationship and to predict the consequences of changes in relevant variables.
3 Students should be able to explain what GDP (GNP) is and identify the components of GDP (GNP): consumption, investment, government expenditure, export-import. Understand and describe the concepts and measurement of GDP (GNP), employment, inflation.
4 The students should be able to understand and describe how AD-AS determine equilibrium price level and output in short-run and long-run time frame and the concept of macro equilibrium
5 Students should be able to explain the causes and consequences of the Business Cycle fluctuations and related this to other macroeconomic variables such as employment, price level, interest rate, etc.
6 Students should be able to predict the effects of monetary and fiscal policies on economic performance, understand and describe the concepts, tools and implications of fiscal and monetary policies, their limitations and relative advantages and disadvantages, and how they affects aggregate economic activities.

Learning Activities & Teaching Methods of the Course Unit
Learning Activities & Teaching Methods of the Course Unit

Weekly Course Contents and Study Materials for Preliminary & Further Study
Week Topics (Subjects) Preparatory & Further Activities
1 A first look at Macroeconomy No file found
2 Measuring GDP and Economic Growth No file found
3 Monitoring Cycles, Jobs and the Price Level No file found
4 Aggregate Supply and Aggregate Demand No file found
5 The Economy at Full-employment: The Classical Model No file found
6 Economic Growth No file found
7 Mid-term Exam No file found
8 Money, Banks and the Central Bank No file found
9 Money, Interest, Real GDP and the Price Level,inflation No file found
10 Expenditure Multipliers: The Keynesian Model No file found
11 The Business Cycle No file found
12 Fiscal Policy No file found
13 Monetary Policy No file found
14 Trading with the world and International Finance No file found

SOURCE MATERIALS & RECOMMENDED READING
1-Michael Parkin. Economics. Global ed. 2015. Pearson

MATERIAL SHARING
Course Notes No file found
Presentations No file found
Homework No file found
Exam Questions & Solutions No file found
Useful Links No file found
Video and Visual Materials No file found
Other No file found
Announcements No file found

CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES
KNOWLEDGE
Theoretical
No PROGRAMME LEARNING OUTCOMES LEVEL OF CONTRIBUTION*
0 1 2 3 4 5
1 Comprehend the fundamental concepts and theories of business administration science. X
2 Analyze the relationships between fundamental concepts and theories of business administration science. X
3 Illustrate the theoretical frame drawn from business operations. X
4 Comprehend the context of the underlying cases of national and international business administration. X
SKILLS
Cognitive
No PROGRAMME LEARNING OUTCOMES LEVEL OF CONTRIBUTION*
0 1 2 3 4 5
1 Comprehend the role of business in the operation of global and national economic systems. X
Practical
No PROGRAMME LEARNING OUTCOMES LEVEL OF CONTRIBUTION*
0 1 2 3 4 5
1 Organise the business operations with an entrepreneurial spirit. X
PERSONAL & OCCUPATIONAL COMPETENCES IN TERMS OF EACH OF THE FOLLOWING GROUPS
Autonomy & Responsibility
No PROGRAMME LEARNING OUTCOMES LEVEL OF CONTRIBUTION*
0 1 2 3 4 5
1 Organise the business operations with an entrepreneurial spirit. X
Learning to Learn
No PROGRAMME LEARNING OUTCOMES LEVEL OF CONTRIBUTION*
0 1 2 3 4 5
1 Develop the planning, organisation, operation, coordination and auditing functions of the business management. X
Communication & Social
No PROGRAMME LEARNING OUTCOMES LEVEL OF CONTRIBUTION*
0 1 2 3 4 5
1 Communicate actively and constantly with other stakeholders in business administration profession. X
Occupational and/or Vocational
No PROGRAMME LEARNING OUTCOMES LEVEL OF CONTRIBUTION*
0 1 2 3 4 5
1 Act in accordance with moral and ethical concepts related to business administration. X
*Level of Contribution (0-5): Empty-Null (0), 1- Very Low, 2- Low, 3- Medium, 4- High, 5- Very High

No
 Key Learning Outcomes of the Course Unit
On successful completion of this course unit, students/learners will or will be able to: 		PROGRAMME LEARNING OUTCOMES
1 A student who has completed the “Introduction to Economics II” sequences should be able to think critically and be able to apply economic reasoning in making personal and business decisions and in analyzing public policies.1 (5), 2 (5), 3 (5), 4 (5), 5 (5), 6 (5), 8 (5), 9 (5), 10 (5)
2 The students should be able to use appropriate diagrams and time series graphs to express macroeconomic relationship and to predict the consequences of changes in relevant variables.1 (5), 2 (5), 3 (5), 4 (5), 5 (5), 6 (5), 8 (5), 9 (5), 10 (5)
3 Students should be able to explain what GDP (GNP) is and identify the components of GDP (GNP): consumption, investment, government expenditure, export-import. Understand and describe the concepts and measurement of GDP (GNP), employment, inflation.1 (5), 2 (5), 3 (5), 4 (5), 5 (5), 6 (5), 8 (5), 9 (5), 10 (5)
4 The students should be able to understand and describe how AD-AS determine equilibrium price level and output in short-run and long-run time frame and the concept of macro equilibrium1 (5), 2 (5), 3 (5), 4 (5), 5 (5), 6 (5), 8 (5), 9 (5), 10 (5)
5 Students should be able to explain the causes and consequences of the Business Cycle fluctuations and related this to other macroeconomic variables such as employment, price level, interest rate, etc.1 (5), 2 (5), 3 (5), 4 (5), 5 (5), 6 (5), 8 (5), 9 (5), 10 (5)
6 Students should be able to predict the effects of monetary and fiscal policies on economic performance, understand and describe the concepts, tools and implications of fiscal and monetary policies, their limitations and relative advantages and disadvantages, and how they affects aggregate economic activities.1 (5), 2 (5), 3 (5), 4 (5), 5 (5), 6 (5), 8 (5), 9 (5), 10 (5)

Assessment
Assessment & Grading of In-Term Activities Number of
Activities		 Degree of Contribution (%)
Mid-Term Exam 1 % 100
Computer Based Presentation 0 -
Short Exam 0 -
Presentation of Report 0 -
Homework Assessment 0 -
Oral Exam 0 -
Presentation of Thesis 0 -
Presentation of Document 0 -
Expert Assessment 0 -
Board Exam 0 -
Practice Exam 0 -
Year-End Final Exam 0 -
Internship Exam 0 -
TOTAL 1 %100
Contribution of In-Term Assessments to Overall Grade 1 %50
Contribution of Final Exam to Overall Grade 1 %50
TOTAL 2 %100


WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites Learning Activities
(# of week)		 Duration
(hours, h)		 Workload (h)
Lecture & In-Class Activities 14 3 42
Preliminary & Further Study 14 4 56
Land Surveying 0 0 0
Group Work 2 10 20
Laboratory 0 0 0
Reading 10 1 10
Assignment (Homework) 3 3 9
Project Work 3 6 18
Seminar 0 0 0
Internship 0 0 0
Technical Visit 0 0 0
Web Based Learning 0 0 0
Implementation/Application/Practice 0 0 0
Practice at a workplace 0 0 0
Occupational Activity 0 0 0
Social Activity 0 0 0
Thesis Work 0 0 0
Field Study 0 0 0
Report Writing 0 0 0
Total Workload for Learning & Teaching Activities - - 155
Workload for Assessment Activities
Type of the Assessment Activites # of Assessment Activities
 Duration
(hours, h)		 Workload (h)
Final Exam 1 1 1
Preparation for the Final Exam 1 10 10
Mid-Term Exam 1 0 0
Preparation for the Mid-Term Exam 0 0 0
Short Exam 0 0 0
Preparation for the Short Exam 0 0 0
Total Workload for Assessment Activities - - 11
Total Workload of the Course Unit - - 166
Workload (h) / 25.5 6.5
ECTS Credits allocated for the Course Unit 7.0

EBS : Kıbrıs İlim Üniversitesi Eğitim Öğretim Bilgi Sistemi Kıbrıs İlim Üniversitesi AKTS Bilgi Paketi AKTS Bilgi Paketi ECTS Information Package Avrupa Kredi Transfer Sistemi (AKTS/ECTS), Avrupa Yükseköğretim Alanı (Bologna Süreci) hedeflerini destekleyen iş yükü ve öğrenme çıktılarına dayalı öğrenci/öğrenme merkezli öğretme ve öğrenme yaklaşımı çerçevesinde yükseköğretimde uluslarası saydamlığı arttırmak ve öğrenci hareketliliği ile öğrencilerin yurtdışında gördükleri öğrenimleri kendi ülkelerinde tanınmasını kolaylaştırmak amacıyla Avrupa Komisyonu tarafından 1989 yılında Erasmus Programı (günümüzde Yaşam Boyu Öğrenme Programı) kapsamında geliştirilmiş ve Avrupa ülkeleri tarafından yaygın olarak kabul görmüş bir kredi sistemidir. AKTS, aynı zamanda, yükseköğretim kurumlarına, öğretim programları ve ders içeriklerinin iş yüküne bağlı olarak kolay anlaşılabilir bir yapıda tasarlanması, uygulanması, gözden geçirilmesi, iyileştirilmesi ve bu sayede yükseköğretim programlarının kalitesinin geliştirilmesine ve kalite güvencesine önemli katkı sağlayan bir sistematik yaklaşım sunmaktadır. ETIS : İstanbul Aydın University Education & Training System Cyprus Science University ECTS Information Package ECTS Information Package European Credit Transfer and Accumulation System (ECTS) which was introduced by the European Council in 1989, within the framework of Erasmus, now part of the Life Long Learning Programme, is a student-centered credit system based on the student workload required to achieve the objectives of a programme specified in terms of learning outcomes and competences to be acquired. The implementation of ECTS has, since its introduction, has been found wide acceptance in the higher education systems across the European Countries and become a credit system and an indispensable tool supporting major aims of the Bologna Process and, thus, of European Higher Education Area as it makes teaching and learning in higher education more transparent across Europe and facilitates the recognition of all studies. The system allows for the transfer of learning experiences between different institutions, greater student mobility and more flexible routes to gain degrees. It also offers a systematic approach to curriculum design as well as quality assessment and improvement and, thus, quality assurance.