ECON 210 Principles of
Economics (Section 2)
Instructor: Ayşegül ERUYGUR
For registrations and related administrative
problems, students should see the course assistants:
Duygu Deveci (FEAS- A 218) and
Mehmet Ferda Kaya (FEAS- AZ09).
web page: http://online.metu.edu.tr
Students are strongly
recommended to visit regularly the web page of the course so that they can
keep an eye on announcements
and important dates
This introductory course is designed to provide students with an
understanding of how economies function. The goal of this course is to furnish
students with the basic tools and concepts for analyzing economic events and
evaluating policies. There are two parts of the course: microeconomics and
macroeconomics. The first part, microeconomics, is about the consumers' and
individual firms' decisions, how they determine the market price, how they
interact. The second part, macroeconomics, looks at the economy as a whole.
Understanding the basic macroeconomic concepts such as determination of
aggregate income, open economies, the role of government, operation of the
monetary system, will be the goal of the second part.
The course is assessed by one multiple
choice midterm exam (50%, microeconomics) and a multiple choice final
examination (50%, non-cumulative, macroeconomics). Instructors will prepare
their own exams for their own
sections in accordance with their preferences regarding the weights of
particular subjects covered during the lectures. Therefore, every student must
attend the classes in the section to which she/he is registered and take the exams
at the places designated according to the sections. Please make sure that you
know the section that you registered and mention it correctly in the exams and
problem sets. The places will be announced before the examinations on the
web-page of the course. Following the midterm exam, the grades will be posted
on the website. Exam attendance is
required, so make-ups will be given only in cases of officially documented
emergencies and only with advance notice and arrangement.
material, will mainly be the lecture notes and you will be responsible from the
material lectured in the classroom.
Textbooks: While preparing the class notes we will make use of
the following textbooks:
- Case, K. E. and Fair, R.C. (2007), Principles of Economics 8th Edition. Pearson
Prentice Hall, NJ.
- Ekinci, Nazım K. (2001), Basic
Economics, Literatür Yayıncılık: İstanbul. (This textbook is not
available at the Bookstore or on the market but students can obtain a copy
of the book at the photocopy-room on the entrance floor of the FEAS-A
Building. The book is also available at the RESERVE (B) section of METU
Library (The call number is: HB 171.5 E 37).
- Mankiw, N. Gregory (2012), Principles
of Economics 6th Edition.
of Topics: Below is a general list of topics to be covered for the course.
Demand and Supply
Setting and Taxes
Production and Cost
and Consumer Choice
Macroeconomics and National Income Accounting
Unemployment and Inflation
Expenditure and Equilibrium Output
Money Supply, Money
Demand and Monetary Policy
- Collaboration during midterms and the
final exam is strictly prohibited. If you are caught
cheating in the exam, no excuse will be accepted and you will receive an
FF from the course. In addition to the Teaching Assistants in your
departments, a Teaching Assistant from the Department of Economics as well
as your instructor will monitor the exams.
- Students are
responsible for all material covered in lectures.
- Since many of
the questions on the exams will come from the lecture material, attendance
to the lectures is strongly recommended but not compulsory. Previous
experience suggests that students who attended the classes regularly got
better grades. Course attendance and participation will increase your
grade in border cases; therefore we will ask you to sign an attendance
sheet in each class.
- Students are
responsible for the announcements made in class and posted on the course
webpage. Cancellation of classes and other important info will be posted
in METU online; you might also receive an email from your instructors or
TA’s so check your emails regularly.
- Final exam
grades will be announced after the announcement of official grades. Please do not ask for an increase in
grade, we are not allowed to increase your grade subjectively in any case!
(Note that we didn’t change any grades after the course grades are
announced on subjective grounds last semester and we will not answer the
emails asking for an increase this term.) Your grade is determined by your
class performance. If you might be in repeat status or might not be able
to graduate because of your grade in this course, we strongly recommend
you to study the course accordingly, attend the classes regularly AND seek
help from your professors and teaching assistants in advance by going to
their office hours. We strongly urge you to seek help from us for any type
of questions and/or problems about the course during the term NOT when the
course grades are to be announced.
- Exams will be
graded by optical reader. If you have any concern and want to see your
exam paper please meet with your TA’s at the announced date.
Exam: April 16, 2012 / Monday at 17:40-19:00
Exam: May 31, 2012 /
Thursday at 16:30