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INTRODUCTION TO ECONOMICS I PROGRAMME COURSE DESCRIPTION

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 Assist.Prof. NEVRUZ BERNA TATLISU
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
Dinler, Z. (2017). İktisada Giriş. Bursa: Ekin Kitabevi Yayınları.
Eğilmez, M. (2016). Örneklerle Kolay Ekonomi. İstanbul: Remzi Kitabevi.
Aren, S. (2014). Ekonomi Dersler. Ankara: İmge Kitabevi.
McEachern, W. A. (2006). Economics: A Contemporary Introduction. USA: Thomson South-Western.
Orhan, O. Z. ve Erdoğan, S. (2015). İktisada Giriş. İzmit: Umuttepe Yayınları.

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
Define basic concepts about gastronomy.
0
2
Interpret the basic concepts, areas and approaches related to the field.
0

KNOWLEDGE

Factual

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Relate the information and facts about the field to the fields of social sciences such as Law, Sociology, Philosophy and Economy.
1
2
Compare national and international cuisines in terms of similarities and differences.
0

SKILLS

Cognitive

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Categorize food hygiene and safety into accepted standards and practices.
0
2
Prepare the technical infrastructure and contents of kitchen activities.
0

SKILLS

Practical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Apply theoretical knowledge about food science into the field of gastronomy.
0
2
Collaborate with shareholders in the field to bring new ideas, products to the market.
0
3
Integrate basic kitchen techniques and product preparation principles into today's technology.
0
4
Plan the work schedule and workflow in food and beverage enterprises.
0

OCCUPATIONAL

Autonomy & Responsibility

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Calculate costs in the food and beverage field.
0
2
Carry out management theories, recruitment and evaluation processes effectively in food and beverage business.
0
3
Organizes participation to national and international competitions and fairs in its field.
0

OCCUPATIONAL

Learning to Learn

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Examine developments, changes and innovations in the field by accepting the lifelong learning as a principle.
1
2
Find planning, executioning and editing mistakes systematicly related to his field.
0

OCCUPATIONAL

Communication & Social

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Express their ideas using presentation and communication techniques in deliberate and verbal ways.
0
2
Organize activities related to the field.
0

OCCUPATIONAL

Occupational and/or Vocational

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Interpret ethical values and legal regulations related to their profession in the direction of the substances in the legislation.
0
2
Design social and social projects in his / her field using historical, cultural and geographical riches.
0
3
Perform scientific researches using knowledge and skills related to his field.
0

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 12 1 12
Land Surveying 0 0 0
Group Work 0 0 0
Laboratory 0 0 0
Reading 5 4 20
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 10 2 20
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 1 3 3
Mid-Term Exam 1 1 1
Preparation for the Mid-Term Exam 1 3 3
Short Exam 0 0 0
Preparation for the Short Exam 0 0 0
TOTAL 45 0 102
Total Workload of the Course Unit 102
Workload (h) / 25.5 4
ECTS Credits allocated for the Course Unit 4,0