| Code |
Name of the Course Unit |
Semester |
In-Class Hours (T+P) |
Credit |
ECTS Credit |
| EKF109 |
INTRODUCTION TO ECONOMICS I |
2 |
3 |
3 |
4 |
GENERAL INFORMATION |
| 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. KADİR MERSİN |
| Instructor(s) of the Course Unit |
Assist.Prof. MEHMET SAYA |
| 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 |
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 |
| Stephen ISON ve Stuart WALL, İktisada Giriş, Çev. Ahmet ÇAKMAK, Suat OKTAR |
| Dinler, Z. (2017). İktisada Giriş. Bursa: Ekin Kitabevi Yayınları. |
| Eğilmez, M. (2016). Örneklerle Kolay Ekonomi. İstanbul: Remzi Kitabevi. |
| Aren, S. (2014). Ekonomi Dersler. Ankara: İmge Kitabevi. |
| McEachern, W. A. (2006). Economics: A Contemporary Introduction. USA: Thomson South-Western. |
| Orhan, O. Z. ve Erdoğan, S. (2015). İktisada Giriş. İzmit: Umuttepe Yayınları. |
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 |
To explain the basic concepts and theories associated with the field of Logistics Management.
|
|
|
2 |
|
|
|
KNOWLEDGE |
Factual |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To relate concepts and cases in the field of Logistics Management with other fields in Social Sciences
|
|
|
2 |
|
|
|
| 2 |
To make scientific and interdisciplinary research about the cases in the field.
|
|
|
2 |
|
|
|
SKILLS |
Cognitive |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To draw conceptual and theoretical connections between past and present trade and logistics – transportation procedures and to make forecasts for the future
|
|
|
2 |
|
|
|
SKILLS |
Practical |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To make literature review for analyzing cases in the field of Logistics Management and to use this information for personal studies
|
|
|
2 |
|
|
|
| 2 |
To use the latest technology for making descriptive and exploratory research and to use this information for personal studies.
|
|
|
2 |
|
|
|
OCCUPATIONAL |
Autonomy & Responsibility |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To conduct a field-specific study individually and to complete it with discipline and responsibility.
|
|
|
2 |
|
|
|
| 2 |
To assume duties and responsibilities in a team work as leader or team member and to fulfil them flawlessly.
|
|
|
2 |
|
|
|
OCCUPATIONAL |
Learning to Learn |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To analyze data and findings in the field of Logistics Management with respect to cause-effect relations and critical perspective.
|
|
|
2 |
|
|
|
| 2 |
To identify gaps in the theory and practice of Logistics Management and to offer solutions for each.
|
|
|
2 |
|
|
|
| 3 |
To develop ideas as to how to use the information related to the field of Logistics Management in professional life.
|
|
|
2 |
|
|
|
OCCUPATIONAL |
Communication & Social |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To convey information related with the field of Logistics Management by using effective presentation and communication techniques.
|
|
|
2 |
|
|
|
| 2 |
To use field-specific information for creation of various projects, activities and social responsibility programmes in the field of Logistics Management
|
|
|
2 |
|
|
|
| 3 |
To conduct literature review, follow the recent developments and produce written and oral works in a foreign language
|
|
|
2 |
|
|
|
OCCUPATIONAL |
Occupational and/or Vocational |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To respect social, cultural, scientific and ethical norms and values in the processing and dissemination of data.
|
|
|
2 |
|
|
|
| 2 |
To follow latest developments in the field and direct personal studies accordingly within the framework of the lifelong learning principle.
|
|
|
2 |
|
|
|
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 |
12 |
1 |
12 |
| Land Surveying |
0 |
0 |
0 |
| Group Work |
0 |
0 |
0 |
| Laboratory |
0 |
0 |
0 |
| Reading |
5 |
4 |
20 |
| 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 |
10 |
2 |
20 |
| 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 |
1 |
3 |
3 |
| Mid-Term Exam |
1 |
1 |
1 |
| Preparation for the Mid-Term Exam |
1 |
3 |
3 |
| Short Exam |
0 |
0 |
0 |
| Preparation for the Short Exam |
0 |
0 |
0 |
| TOTAL |
45 |
0 |
102 |
|
Total Workload of the Course Unit |
102 |
|
|
Workload (h) / 25.5 |
4 |
|
|
ECTS Credits allocated for the Course Unit |
4,0 |
|