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. TUĞBA AKMAN KAPLAN |
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 |
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.
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2 |
The graduate will be able to relate language structure to its functions in a literary text.
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3 |
The graduate will be able to explain and generate ideas on literary texts or visual work such as films.
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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.
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0 |
KNOWLEDGE |
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Factual |
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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.
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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.
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0 |
SKILLS |
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Cognitive |
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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.
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2 |
The graduate will be able to interpret literary works produced in various cultures with different ethnical background.
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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.
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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 |
The graduate will be able to apply literary theories and develop argument of their own in the process of writing a research paper.
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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.
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3 |
The graduate will be able to apply research skills to gather, organise, and present information skills in a research paper.
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4 |
The graduate will be able to employ translation methods while translating a text from English to Turkish or vice versa.
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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 |
The graduate will be able to organise occupational and academic activities including meeting, seminars, and conferences.
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0 |
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 |
The graduate will be able to determine his or her own learning requirements and goals to develop sustainable attitude towards life-long learning.
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0 |
OCCUPATIONAL |
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Communication & Social |
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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.
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0 |
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 |
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.
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1 |
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 |