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INTRODUCTION TO ECONOMICS I PROGRAMME COURSE DESCRIPTION

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 Face to face
Coordinator of the Course Unit Prof.Dr. KAMİL KAYA
Instructor(s) of the Course Unit Assist.Prof.Dr. EBRU GÜL YILMAZ

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 Introduction of the course and course syllabus. Fundamentals of economics, its importance and relation with other sciences Introduction to basic concepts 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 Narration, Case Study
4 Reading the related chapter from lecture sources. Monitoring of current economic developments. Market Balance Narration, Case Study
5 Reading the related chapter from lecture sources. Monitoring of current economic developments. Flexibility Narration, Case Study
6 Reading the related chapter from lecture sources. Monitoring of current economic developments. Price controls of governments and supply-demand equilibrium: Minimum and maximum price practice, minimum wage Narration, Case Study
7 Reading the related chapter from lecture sources. Monitoring of current economic developments. Price controls of governments and supply-demand equilibrium: Rent controls, taxation Narration, Case Study
8 - MID-TERM EXAM -
9 Reading the related chapter from lecture sources. Monitoring of current economic developments. Consumer Behavior theory: Cardinal benefit approach Narration, Problem Solving
10 Reading the related chapter from lecture sources. Monitoring of current economic developments. Consumer Behavior theory: Ordinal benefit approach Narration, Problem Solving
11 Reading the related chapter from lecture sources. Monitoring of current economic developments. Production theory Narration
12 Reading the related chapter from lecture sources. Monitoring of current economic developments. Production costs Narration
13 Reading the related chapter from lecture sources. Monitoring of current economic developments. Markets: Full competition market, Monopoly market Markets: Monopolist competition market, Oligopoly market Narration
14 Reading the related chapter from lecture sources. Monitoring of current economic developments. Factor markets and distribution of income Narration
15 Preparation of questions for past week subjects General review Narration, question and answer
16 - FINAL EXAM -
17 - FINAL EXAM -

SOURCE MATERIALS & RECOMMENDED READING

Orhan, O. Z. ve Erdoğan, S. (2015). İktisada Giriş. İzmit: Umuttepe Yayınları.
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.

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
Students define the concepts they learned and match them with their corresponding phenomena in the social world.
5
2
Students interpret concepts and theories taking into account their historical-cultural contexts.
4
3
Students compare sociological theories with reference to social problems.
1
4
Students distinguish the significance of ecological, social and economical sustainability for world’s future.
3
5
Students develop their knowledge on sustainability by the use of information and communication technologies.
1

KNOWLEDGE

Factual

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Students evaluate qualitative and quantitative data of sociological research studies.
0
2
Students analyse the complicated interactions between the social, cultural, political, economical and demographical phenomena of the global world.
4

SKILLS

Cognitive

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Students design a research by their acquired knowledge and experience.
0

SKILLS

Practical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Students research field study considering the principle of cultural relativity, scientific and ethical values.
0
2
Students efficiently apply the most suitable information and communication technologies in their studies.
0
3
Students use their knowledge on ecological, social and economical sustainability in all aspects of their lives.
2

OCCUPATIONAL

Autonomy & Responsibility

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Students research on problems which reflect on their fields in the global world undergoing rapid and profound change.
0

OCCUPATIONAL

Learning to Learn

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Students criticize their advanced knowledge and skills in an analytical manner.
4
2
Students develop their knowledge and skills within the frame of scientific, technological and current developments via adopting the principle of lifelong learning.
1
3
Students act ethically impartial in their research studies.
0

OCCUPATIONAL

Communication & Social

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Students criticize their advanced knowledge and skills in an analytical manner.
4

OCCUPATIONAL

Occupational and/or Vocational

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Students apply the principle of cultural relativity, scientific and ethical values with reference to sustainability throughout their studies in their careers.
0

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 13 1 13
Land Surveying 0 0 0
Group Work 0 0 0
Laboratory 0 0 0
Reading 4 4 16
Assignment (Homework) 5 1 5
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 50 0 104
Total Workload of the Course Unit 104
Workload (h) / 25.5 4,1
ECTS Credits allocated for the Course Unit 4,0