INTRODUCTION TO ECONOMICS I PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
ECF109	INTRODUCTION TO ECONOMICS I	2	3	3	4

GENERAL INFORMATION
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	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	The nature of economics	Lecture, question and answer
2	Reading the related chapter from lecture sources. Monitoring of current economic developments.	Demand	Lecture, question and answer
3	Reading the related chapter from lecture sources. Monitoring of current economic developments.	Supply and market balance	Lecture, question and answer
4	Reading the related chapter from lecture sources. Monitoring of current economic developments.	Elasticity	Lecture, question and answer
5	Reading the related chapter from lecture sources. Monitoring of current economic developments.	Consumer theory	Lecture, question and answer
6	Reading the related chapter from lecture sources. Monitoring of current economic developments.	Production	Lecture, question and answer
7	Reading the related chapter from lecture sources. Monitoring of current economic developments.	Costs	Lecture, question and answer
8	-	MID-TERM EXAM	-
9	Reading the related chapter from lecture sources. Monitoring of current economic developments.	Theory of the firm: perfect competition	Lecture, question and answer
10	Reading the related chapter from lecture sources. Monitoring of current economic developments.	Monopoly	Lecture, question and answer
11	Reading the related chapter from lecture sources. Monitoring of current economic developments.	Theory of the firm: monopolistic competition and oligopoly	Lecture, question and answer
12	Reading the related chapter from lecture sources. Monitoring of current economic developments.	Wage, rent and profit	Lecture, question and answer
13	Reading the related chapter from lecture sources. Monitoring of current economic developments.	Regulation, deregulation and competition	Lecture, question and answer
14	Reading the related chapter from lecture sources. Monitoring of current economic developments.	Environment	Lecture, question and answer
15	Preparation of questions for past week subjects	Question Solution with Examples	Lecture, question and answer
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Ison, Stephen and Wall, Stuart (2007). Economics. FT Prentice Hall.

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	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.

KNOWLEDGE
Factual
	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.

SKILLS
Cognitive
	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.
2	Interprets grammatical and semantic structures of source, target languages and a third language.

SKILLS
Practical
	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.
2	Evaluates relevant resources to improve the quality of text analysis at all stages of the translation process.

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Independently concludes advanced text analyzes and translations related to the field.
2	Expresses ideas orally and in writing in interdisciplinary studies with different fields of expertise.

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Gains basic knowledge about all stages of the translation process.
2	Uses lifelong learning principles in professional development.

OCCUPATIONAL
Communication & Social
	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.
2	Participates in trainings related to field at international level.

OCCUPATIONAL
Occupational and/or Vocational
	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.
2	Solves various translation problems encountered in the field.
3	Applies knowledge of terminology, principles and legislation related to the field with the awareness of its legal and ethical responsibilities.
4	Places the awareness of the translator's social role and professional ethics in the team members.

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	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