| Code |
Name of the Course Unit |
Semester |
In-Class Hours (T+P) |
Credit |
ECTS Credit |
| EKF109 |
INTRODUCTION TO ECONOMICS I |
1 |
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. ÇAĞLA TUĞBERK ARIKER |
| Instructor(s) of the Course Unit |
Assist.Prof. TUĞBA KANTARCI |
| 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 |
| 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 |
| 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 |
Define the theories, concepts and principles of the basic and sub-fields of business.
|
|
|
2 |
|
|
|
| 2 |
Explain business functions and processes based on current scientific sources.
|
|
|
2 |
|
|
|
KNOWLEDGE |
Factual |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Relate internationally valid business cases with the theories and concepts of other social sciences.
|
|
|
2 |
|
|
|
SKILLS |
Cognitive |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Explain the current events and facts in his / her field analytically and systematically based on advanced knowledge and skills he / she has.
|
|
|
|
|
4 |
|
SKILLS |
Practical |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Use the theoretical and factual knowledge in business for occupational practices.
|
|
1 |
|
|
|
|
| 2 |
Solve individual and organizational problems in business life.
|
|
1 |
|
|
|
|
| 3 |
Use computer programs (SPSS, R, Excel, Stata) efficiently against the complex business problems.
|
|
1 |
|
|
|
|
OCCUPATIONAL |
Autonomy & Responsibility |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Plan research and work using knowledge and skills gained in the field of business.
|
|
1 |
|
|
|
|
| 2 |
Organize the activities for organizational goals and purposes independently.
|
|
|
2 |
|
|
|
OCCUPATIONAL |
Learning to Learn |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Criticize advanced knowledge and skills in the field with a critical approach.
|
|
|
|
|
4 |
|
| 2 |
Develop the existing knowledge and skills with a critical point of view under the impact of scientific, technological and current developments.
|
|
|
|
|
4 |
|
OCCUPATIONAL |
Communication & Social |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Express his/her knowledge, thoughts and solutions on business to related stakeholders in written and verbal ways.
|
|
1 |
|
|
|
|
| 2 |
Use the information and communication technology software and equipment required for business.
|
|
1 |
|
|
|
|
OCCUPATIONAL |
Occupational and/or Vocational |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Apply the social, scientific, cultural and ethical values at the stages of the collection of data, their implementation, interpretation and announcement of results in the field of business.
|
|
1 |
|
|
|
|
| 2 |
Relate the concepts of social rights, occupational safety, employee health, quality management and sustainability with the cases in business life.
|
|
|
|
3 |
|
|
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 |
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 |
|