Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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EKF109 | INTRODUCTION TO ECONOMICS I | 2 | 3 | 3 | 4 |
GENERAL INFORMATION |
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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. DİDEM TETİK KÜÇÜKELÇİ |
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 | 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 |
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Stephen ISON ve Stuart WALL, İktisada Giriş, Çev. Ahmet ÇAKMAK, Suat OKTAR |
Zeynel DİNLER, İktisada Giriş. Bursa: Ekin Kitabevi Yayınları, 2016. |
Ersan Bocutoğlu, Genel İktisada Giriş, Ekin Yayınevi, 5.Baskı, 2020. |
Carl E. CASE, Ray C. FAIR, Sharon E. OSTER, Principles of Economics, Twelfth Edition,2017, Pearson, ISBN-13: 978-1-292-15256-1 |
Erdal M.ÜNSAL, İktisada Giriş, Ankara: BB101 Yayınları, 2016. |
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 |
Define concepts such as management, manager and leader.
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3 | |||||
2 |
Analyze the accuracy, reliability and validity of the new information obtained from the data.
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3 |
KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Report the obtained data.
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3 | |||||
2 |
Prepare software and projects related with the field.
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3 |
SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Use the appropriate resources for data analysis related with the field.
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3 | |||||
2 |
Analyze the work processes.
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3 |
SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Manage projects as part of a team.
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3 | |||||
2 |
Apply the material, techniques and analyzes in relation with the subject for project and work flows.
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3 |
OCCUPATIONAL |
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Autonomy & Responsibility |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Fulfill responsibility with a focus on result in individual and team studies.
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3 |
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 |
Recognizes what he/she knows about his/her field or not.
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5 | |||||
2 |
Act the theoretical knowledge in real life with learning to learn approach.
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5 | |||||
3 |
Apply different methods and techniques with an innovative approach in his/her research.
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5 |
OCCUPATIONAL |
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Communication & Social |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Apply the results obtained in accordance with voluntarism and social responsibility projects.
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3 | |||||
2 |
Establish a healthy contact with colleagues
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3 | |||||
3 |
Share the analyzes and obtained results with colleagues.
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3 | |||||
4 |
Cooperate with colleagues at international level with the help of foreign language competency.
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3 |
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 |
Behave in accordance with ethical values regarding the collection, analysis and reporting of data.
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4 | |||||
2 |
Participate the design of work processes and systems with full quality.
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3 | |||||
3 |
Cooperate with other employees for the continuation of sustainability in the profession.
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4 |
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 | 14 | 1 | 14 |
Land Surveying | 0 | 0 | 0 |
Group Work | 0 | 0 | 0 |
Laboratory | 0 | 0 | 0 |
Reading | 6 | 4 | 24 |
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 | 2 | 5 | 10 |
Mid-Term Exam | 1 | 1 | 1 |
Preparation for the Mid-Term Exam | 2 | 5 | 10 |
Short Exam | 0 | 0 | 0 |
Preparation for the Short Exam | 0 | 0 | 0 |
TOTAL | 40 | 0 | 102 |
Total Workload of the Course Unit | 102 | ||
Workload (h) / 25.5 | 4 | ||
ECTS Credits allocated for the Course Unit | 4,0 |