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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
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. TUĞBA AKMAN KAPLAN
Instructor(s) of the Course Unit
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 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

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

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
The graduate will be able to identify the main characteristics of literary movements such as modernism, postmodernism, and postcolonialism during the process of analysing a literary text verbally or in an essay.
0
2
The graduate will be able to relate language structure to its functions in a literary text.
0
3
The graduate will be able to explain and generate ideas on literary texts or visual work such as films.
0
4
The graduate will be able to identify the language and the writing style of a wide range of authors, poets, and playwrights from different periods.
0

KNOWLEDGE

Factual

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
The graduate will be able to explain the key terms and concepts associated with language, literature, and culture.
0
2
The graduate will be able to historically categorise various centuries or periods of time such as the Renaissance or the 20th century according to the literary, theoretical, social, and political developments reflected in literary texts.
0

SKILLS

Cognitive

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
The graduate will be able to compare and contrast characteristics of different literary genres.
0
2
The graduate will be able to interpret literary works produced in various cultures with different ethnical background.
0
3
The graduate will be able to compare and contrast different periods of time such as the Middle Ages and the Victorian Era in accordance with their distinctive literary, theoretical, social, and political background verbally or in an essay.
0

SKILLS

Practical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
The graduate will be able to apply literary theories and develop argument of their own in the process of writing a research paper.
0
2
The graduate will be able to formulate a sophisticated argument/thesis in compliance with the ethical requirements needed to avoid plagiarism during the process of writing a research paper.
0
3
The graduate will be able to apply research skills to gather, organise, and present information skills in a research paper.
0
4
The graduate will be able to employ translation methods while translating a text from English to Turkish or vice versa.
0

OCCUPATIONAL

Autonomy & Responsibility

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
The graduate will be able to organise occupational and academic activities including meeting, seminars, and conferences.
0

OCCUPATIONAL

Learning to Learn

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
The graduate will be able to determine his or her own learning requirements and goals to develop sustainable attitude towards life-long learning.
0

OCCUPATIONAL

Communication & Social

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
The graduate will be able to develop effective oral and written communication skills in English.
0

OCCUPATIONAL

Occupational and/or Vocational

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
The graduate will be able to appraise and criticise development of the social rights, democracy, social justice, gender and racial identity, cultural and ethical values.
1

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
Total Workload of the Course Unit 105
Workload (h) / 25.5 4,1
ECTS Credits allocated for the Course Unit 4,0