Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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ECF109 | INTRODUCTION TO ECONOMICS I | 2 | 3 | 3 | 4 |
GENERAL INFORMATION |
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Language of Instruction : | English |
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. GÖRSEV BAFRALI |
Instructor(s) of the Course Unit | |
Course Prerequisite | No |
OBJECTIVES AND CONTENTS |
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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) |
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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 |
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Week | Preparatory | Topics(Subjects) | Method |
1 | Review of course syllabus | Fundamental Knowledge About The Science of Economics | Lecture, question and answer |
2 | Reading the related chapter from lecture sources. Monitoring of current economic developments. | Supply and demand model | Lecture, Case Study |
3 | Reading the related chapter from lecture sources. Monitoring of current economic developments. | Elasticity and its applications | Lecture, Case Study |
4 | Reading the related chapter from lecture sources. Monitoring of current economic developments. | Demand Curve and consumer behavior | Lecture, Case Study |
5 | Reading the related chapter from lecture sources. Monitoring of current economic developments. | Supply Curve and firm behavior | Lecture, Case Study |
6 | Reading the related chapter from lecture sources. Monitoring of current economic developments. | The interaction of people in the markets | Lecture, Case Study |
7 | Reading the related chapter from lecture sources. Monitoring of current economic developments. | Costs and the changes of firms over time | Lecture, Case Study |
8 | - | MID-TERM EXAM | - |
9 | Reading the related chapter from lecture sources. Monitoring of current economic developments. | Perfect Competition, Monopoly market | Lecture, Problem Solving |
10 | Reading the related chapter from lecture sources. Monitoring of current economic developments. | Product differentiation | Lecture, Problem Solving |
11 | Reading the related chapter from lecture sources. Monitoring of current economic developments. | Monopolistic competition and oligopoly | Lecture |
12 | Reading the related chapter from lecture sources. Monitoring of current economic developments. | Labor Market, Taxes, Transfers, İncome Distribution, Public Goods and Externalities | Lecture |
13 | Reading the related chapter from lecture sources. Monitoring of current economic developments. | National Income | Lecture |
14 | Reading the related chapter from lecture sources. Monitoring of current economic developments. | Employment, Unemployment, Inflation | Lecture |
15 | Preparation of questions for past week subjects | General review | Lecture, question and answer |
16 | - | FINAL EXAM | - |
17 | - | FINAL EXAM | - |
SOURCE MATERIALS & RECOMMENDED READING |
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Dobson, S. Susan Palfreman (1999). Introduction to Economics. Oxford Press. |
Samuelson, P. A. William D.Nordhause(2016). Economics. 19 th Edition McGraw Hill. New York. |
McEachern, W. A. (2006). Economics: A Contemporary Introduction. USA: Thomson South-Western. |
ASSESSMENT |
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Assessment & Grading of In-Term Activities | Number of Activities | Degree of Contribution (%) | Description |
Level of Contribution | |||||
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0 | 1 | 2 | 3 | 4 | 5 |
KNOWLEDGE |
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Theoretical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Defines current information in the field by associating it with grammatical and semantic structures of source and target languages.
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KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Organizes teamwork in the stages of collecting, interpreting, announcing and applying data related to the field.
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SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Apply the advanced conceptual, theoretical and applied knowledge gained in the field of English Translation and Interpreting in the professional field.
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2 |
Interprets grammatical and semantic structures of source, target languages and a third language.
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SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Analyzes written and oral texts in the source language with cultural and historical approaches.
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2 |
Evaluates relevant resources to improve the quality of text analysis at all stages of the translation process.
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OCCUPATIONAL |
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Autonomy & Responsibility |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Independently concludes advanced text analyzes and translations related to the field.
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2 |
Expresses ideas orally and in writing in interdisciplinary studies with different fields of expertise.
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OCCUPATIONAL |
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Learning to Learn |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Gains basic knowledge about all stages of the translation process.
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2 |
Uses lifelong learning principles in professional development.
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OCCUPATIONAL |
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Communication & Social |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Discusses thoughts on written and oral translations of source and target languages with experts.
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2 |
Participates in trainings related to field at international level.
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OCCUPATIONAL |
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Occupational and/or Vocational |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Uses the knowledge and skills gained during his undergraduate education in business life.
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2 |
Solves various translation problems encountered in the field.
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3 |
Applies knowledge of terminology, principles and legislation related to the field with the awareness of its legal and ethical responsibilities.
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4 |
Places the awareness of the translator's social role and professional ethics in the team members.
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WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
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Workload for Learning & Teaching Activities |
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Type of the Learning Activites | Learning Activities (# of week) | Duration (hours, h) | Workload (h) |
Lecture & In-Class Activities | 14 | 3 | 42 |
Preliminary & Further Study | 13 | 1 | 13 |
Land Surveying | 0 | 0 | 0 |
Group Work | 0 | 0 | 0 |
Laboratory | 0 | 0 | 0 |
Reading | 0 | 0 | 0 |
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 | 7 | 4 | 28 |
Mid-Term Exam | 1 | 1 | 1 |
Preparation for the Mid-Term Exam | 5 | 4 | 20 |
Short Exam | 0 | 0 | 0 |
Preparation for the Short Exam | 0 | 0 | 0 |
TOTAL | 41 | 0 | 105 |
Total Workload of the Course Unit | 105 | ||
Workload (h) / 25.5 | 4,1 | ||
ECTS Credits allocated for the Course Unit | 4,0 |