PRINCIPLES OF ECONOMICS PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
ECF199	PRINCIPLES OF ECONOMICS	1	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	Assoc.Prof. ÇAĞLA TUĞBERK ARIKER
Instructor(s) of the Course Unit	Assist.Prof. BURÇİN ÇAKIR GÜNDOĞDU
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	The aim of this course is to introduce students to the fundamental concepts, principles, and analytical tools of economics. The course aims to explain how individuals, firms, and governments make decisions under conditions of scarce resources.
Contents of the Course Unit:	This course examines the basic concepts and principles of economics within both microeconomic and macroeconomic frameworks. The course covers topics such as scarcity, choice, and opportunity cost; supply and demand, market equilibrium, and elasticity; consumer and producer behavior, and market structures. In addition, key macroeconomic issues such as national income, unemployment, inflation, economic growth, monetary and fiscal policies, money supply and demand, interest rates, exchange rates, and financial crises are analyzed, and economic decision-making processes and policy applications are explained through real-world examples.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Explain the basic concepts, assumptions, and methods of economics
Relate the concepts of scarcity, choice, and opportunity cost to the economic decision-making process.
Analyze market equilibrium using the supply and demand mechanism.
Explain consumer and producer behavior within basic microeconomic models.
Compare different market structures (perfect competition, monopoly, monopolistic competition, and oligopoly).
Interpret key macroeconomic indicators such as GDP, inflation, and unemployment.
Explain the causes of economic growth and business cycle fluctuations.
Evaluate the effects of fiscal and monetary policies on the economy.
Analyze economic events using graphs and simple numerical examples.
Apply economic reasoning to problems in everyday life and policy discussions.

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Reading	The Scope and Method of Economics	Lecture, Question and Answer, Problem-Solving Method
2	Reading	The Economic Problem: Scarcity and Choice	Lecture, Question and Answer, Problem-Solving Method
3	Reading	Demand, Supply, and Market Equilibrium	Lecture, Question and Answer, Problem-Solving Method
4	Reading	Demand and Supply Applications, Elasticity	Lecture, Question and Answer, Problem-Solving Method
5	Reading	Theory of Consumer Behavior	Lecture, Question and Answer, Problem-Solving Method
6	Reading	Theory of Production	Lecture, Question and Answer, Problem-Solving Method
7	Reading	General Equilibrium for Markets	Lecture, Question and Answer, Problem-Solving Method
8	Reading	The Method and Purpose of Macroeconomics	Lecture, Question and Answer, Problem-Solving Method
9	Reading	National Income and Unemployment / Macroeconomic Fundamentals	Lecture, Question and Answer, Problem-Solving Method
10	-	MID-TERM EXAM	-
11	Reading	Unemployment, Inflation, Long-Term Growth, and the Exchange Rate	Lecture, Question and Answer, Problem-Solving Method
12	Reading	Money Supply and the Federal Reserve System	Lecture, Question and Answer, Problem-Solving Method
13	Reading	Money Demand and the Equilibrium Interest Rate	Lecture, Question and Answer, Problem-Solving Method
14	Reading	The Modern Banking System	Lecture, Question and Answer, Problem-Solving Method
15	Reading	Financial Crises, Stabilization Policies, and Budget Deficits	Lecture, Question and Answer, Problem-Solving Method
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Case, K. E., Fair, R. C., & Oster, S. M. (2019). Principles of Economics (13th ed.). Pearson Education.

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method
Mid-Term Exam	1	50		Classical Exam
Final Exam	1	50		Classical Exam
TOTAL	2	100

Level of Contribution
0	1	2	3	4	5

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	Explain business functions and processes based on current scientific sources.

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.

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.

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.
2	Solve individual and organizational problems in business life.
3	Use computer programs (SPSS, R, Excel, Stata) efficiently against the complex business problems.

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.
2	Organize the activities for organizational goals and purposes independently.

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.
2	Develop the existing knowledge and skills with a critical point of view under the impact of scientific, technological and current developments.

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.
2	Use the information and communication technology software and equipment required for business.

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 collection of data, their implementation, interpretation and announcement of results in the field of business.
2	Relate the concepts of social rights, occupational safety, employee health, quality management and sustainability with the cases in business life.

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	2	28
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	8	2	16
Assignment (Homework)	7	2	14
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	1	2	2
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	1	1
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	1	2	2
Short Exam	1	1	1
Preparation for the Short Exam	0	0	0
TOTAL	49	0	108