| Code |
Name of the Course Unit |
Semester |
In-Class Hours (T+P) |
Credit |
ECTS Credit |
| EKF109 |
INTRODUCTION TO ECONOMICS I |
1 |
3 |
3 |
4 |
GENERAL INFORMATION |
| Language of Instruction : |
Turkish |
| Level of the Course Unit : |
BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle |
| Type of the Course : |
Compulsory |
| Mode of Delivery of the Course Unit |
- |
| Coordinator of the Course Unit |
Assoc.Prof. MUSTAFA ÇANAKÇIOĞLU |
| Instructor(s) of the Course Unit |
Assoc.Prof. ALİ ÇELİK |
| Course Prerequisite |
No |
OBJECTIVES AND CONTENTS |
| Objectives of the Course Unit: |
The objective of this course to enable students to interpret the decision mechanisms of consumers, producers and the state by using the basic principles of economics. |
| Contents of the Course Unit: |
Contents of the Course include; the basic concepts of economics such as need, demand, utility, value, price, scarcity, rationality and opportunity cost, law of supply and demand, market equilibrium, elasticities, price controls of governments and their effects on market equilibrium, consumer behavior within the framework of cardinal and ordinal approaches, theory of production, production costs, the functioning of different markets, factor markets and income distribution. |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
| Describe the basic concepts of economics. |
| Explain the changes in market equilibrium using concepts such as supply-demand law, flexibility and price control |
| Interpret consumer behavior by using the concepts of total utility, marginal utility and budget constraint |
| Interpret producer behavior by using the concepts of total cost, marginal cost and budget constraint |
| Interpret the equilibrium formation at different markets by using production costs |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
| Week |
Preparatory |
Topics(Subjects) |
Method |
| 1 |
Review of course syllabus |
Nature of economics |
Narration, question and answer |
| 2 |
Reading the related chapter from lecture sources. Monitoring of current economic developments. |
Demand |
Narration, Case Study |
| 3 |
Reading the related chapter from lecture sources. Monitoring of current economic developments. |
Supply and market balance |
Narration, Case Study |
| 4 |
Reading the related chapter from lecture sources. Monitoring of current economic developments. |
Flexibility |
Narration, Case Study |
| 5 |
Reading the related chapter from lecture sources. Monitoring of current economic developments. |
consumer theory |
Narration, Case Study |
| 6 |
Reading the related chapter from lecture sources. Monitoring of current economic developments. |
Production |
Narration, Case Study |
| 7 |
Reading the related chapter from lecture sources. Monitoring of current economic developments. |
Costs |
Narration, Case Study |
| 8 |
- |
MID-TERM EXAM |
- |
| 9 |
Reading the related chapter from lecture sources. Monitoring of current economic developments. |
Midterm exam |
Narration, Problem Solving |
| 10 |
Reading the related chapter from lecture sources. Monitoring of current economic developments. |
Theory of the firm: perfect competition and
monopoly |
Narration, Problem Solving |
| 11 |
Reading the related chapter from lecture sources. Monitoring of current economic developments. |
Theory of the firm: monopolistic
competition and oligopoly |
Narration |
| 12 |
Reading the related chapter from lecture sources. Monitoring of current economic developments. |
Wage, rent and profit |
Narration |
| 13 |
Reading the related chapter from lecture sources. Monitoring of current economic developments. |
Regulation, deregulation and competition |
Narration |
| 14 |
Reading the related chapter from lecture sources. Monitoring of current economic developments. |
Environment |
Narration |
| 15 |
Preparation of questions for past week subjects |
General evaluation |
Narration, question and answer |
| 16 |
- |
FINAL EXAM |
- |
| 17 |
- |
FINAL EXAM |
- |
SOURCE MATERIALS & RECOMMENDED READING |
| Stephen ISON ve Stuart WALL, İktisada Giriş, Çev. Ahmet ÇAKMAK, Suat OKTAR |
| Zeynel DİNLER, İktisada Giriş. Bursa: Ekin Kitabevi Yayınları, 2016. |
| Ersan Bocutoğlu, Genel İktisada Giriş, Ekin Yayınevi, 5.Baskı, 2020. |
| Carl E. CASE, Ray C. FAIR, Sharon E. OSTER, Principles of Economics, Twelfth Edition,2017, Pearson, ISBN-13: 978-1-292-15256-1 |
| Erdal M.ÜNSAL, İktisada Giriş, Ankara: BB101 Yayınları, 2016. |
ASSESSMENT |
| Assessment & Grading of In-Term Activities |
Number of Activities |
Degree of Contribution (%) |
Description |
| Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES
KNOWLEDGE |
Theoretical |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Learns the basic information about electronic commerce.
|
|
|
|
|
4 |
|
| 2 |
Gains awareness about project and risk management skills and the importance of entrepreneurship, innovation and sustainable development.
|
|
|
|
|
4 |
|
KNOWLEDGE |
Factual |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Follows new generation marketing strategies by learning digital marketing.
|
|
|
|
|
4 |
|
SKILLS |
Cognitive |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Correctly relates the relationship between electronic commerce and information and communication technologies.
|
|
|
|
|
4 |
|
SKILLS |
Practical |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Applies the knowledge and skills related to the field, taking into account its social and ethical responsibilities.
|
|
|
|
|
|
5 |
OCCUPATIONAL |
Autonomy & Responsibility |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Researches developments in science and technology and understands the importance of constantly renewing themselves adopting lifelong learning as a principle.
|
|
|
|
|
|
5 |
OCCUPATIONAL |
Learning to Learn |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Gains skills in web and graphic design.
|
|
|
2 |
|
|
|
| 2 |
Has the ability to produce innovative works by learning to use digital tools effectively.
|
|
|
2 |
|
|
|
OCCUPATIONAL |
Communication & Social |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Evaluates the developments in the world from an intellectual perspective in the light of the joint faculty courses taken.
|
|
|
|
|
|
5 |
OCCUPATIONAL |
Occupational and/or Vocational |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Analyzes the current e-commerce environment.
|
|
|
|
|
|
5 |
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 |
1 |
14 |
| Land Surveying |
0 |
0 |
0 |
| Group Work |
0 |
0 |
0 |
| Laboratory |
0 |
0 |
0 |
| Reading |
6 |
4 |
24 |
| Assignment (Homework) |
0 |
0 |
0 |
| Project Work |
0 |
0 |
0 |
| 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 |
| Final Exam |
1 |
1 |
1 |
| Preparation for the Final Exam |
2 |
5 |
10 |
| Mid-Term Exam |
1 |
1 |
1 |
| Preparation for the Mid-Term Exam |
2 |
5 |
10 |
| Short Exam |
0 |
0 |
0 |
| Preparation for the Short Exam |
0 |
0 |
0 |
| TOTAL |
40 |
0 |
102 |
|
Total Workload of the Course Unit |
102 |
|
|
Workload (h) / 25.5 |
4 |
|
|
ECTS Credits allocated for the Course Unit |
4,0 |
|