| 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. AYŞE AYDIN |
| Instructor(s) of the Course Unit |
Assoc.Prof. GÜLGÜN ÇİĞDEM |
| 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 |
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 |
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 |
|