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	Prof. EMİNE AKÇADAĞ ALAGÖZ
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 basic theoretical, political, economic and administrative theories used in the field of Political Science and International Relations.					4
2	Explain the political history, political ideas, intellectual accumulation of understanding international relations and the way that the history of diplomacy has passed from past to present.						5
3	List the norms of universal law and human rights, the principles of the modern legal system, the names of modern bureaucratic and administrative structures.				3

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain the Turkish state tradition, the influence of Islam, the accumulation of political thought and its historical background, and compare this accumulation with the current approaches.				3
2	Evaluate the chronological development of relations between political and diplomatic developments and political / diplomatic facts / events / ideas / actors from past to present.					4
3	Analyze the structure and functioning of actors, organizations and organizations that determine international relations.				3

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	In the light of current theoretical debates, apply relevant concepts to current political and international developments.					4
2	Evaluate the Turkish political tradition, developments with the Turkic community.					4
3	Use information on the field when comparing the administrative structures of different countries and their diplomatic traditions.					4

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Formulate the current political developments, developments and arrangements in international relations in the historical and theoretical accumulation.						5
2	Analyze the functioning of modern political regimes in the light of political and public bureaucratic structures, regulations and developments.					4
3	Examine and analyze current political developments in the Balkans, the Middle East, Central Asia, North Africa and the Caucasus in terms of both Turkish political history and international relations discipline.				3

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.					4
2	To assume duties and responsibilities in a team work as leader or team member and to fulfil them flawlessly.					4

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Follow the political and administrative developments in the international political system and the bureaucratic organizations operating in this system.				3
2	Examine the international problems and conflicts, and the problems in the field of administration and politics in detail.					4

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Follow the current developments in the field of Political Science and International Relations and collaborate with leading names in the field.				3
2	Examine and analyze academic resources and the written and oral studies on the political developments in the region and the world, especially in the Middle East.					4
3	Debate in the field of political science and public administration with different target groups in multicultural environments.				3

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	With the current historical and theoretical knowledge of the field, suggest sustainable, organizational and administrative arrangements aimed at meeting specific goals and solving certain problems.					4
2	To follow latest developments in the field and direct personal studies accordingly within the framework of the lifelong learning principle.Using the theoretical, economic, political and managerial knowledge, and produce reports on current developments, conflicts and agreements in geography related to world politics and especially in the Middle East.					4
3	Construct arguments on the current developments in Turkish politics in the light of the laws, regulations, and the important changes in the constitution and administrative law that determine Turkish political life and foreign relations.					4

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