| 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 : |
, TYY: + , EQF-LLL: , QF-EHEA: |
| Type of the Course : |
Compulsory |
| Mode of Delivery of the Course Unit |
- |
| Coordinator of the Course Unit |
|
| Instructor(s) of the Course Unit |
|
| 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 |
| 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. |
| Orhan, O. Z. ve Erdoğan, S. (2015). İktisada Giriş. İzmit: Umuttepe Yayınları. |
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 interpret the basic concepts, theories and approaches of international trade and logistics.
|
|
|
|
|
|
5 |
| 2 |
Students explain current information about the field with economics and business theories.
|
|
|
|
|
|
5 |
KNOWLEDGE |
Factual |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Students analyze economic and financial data related to their field.
|
|
|
|
|
|
5 |
| 2 |
Students relate the information and facts in the field with other social sciences such as sociology, political science and philosophy.
|
|
|
2 |
|
|
|
SKILLS |
Cognitive |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Students prepare the technical infrastructure and content of international trade transactions.
|
|
|
2 |
|
|
|
| 2 |
Students use the theoretical knowledge in his/her field to determine new strategies.
|
|
|
|
|
4 |
|
SKILLS |
Practical |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Students carry out the import and export transactions by applying the customs legislation and foreign exchange legislation.
|
|
|
2 |
|
|
|
| 2 |
Students use the theoretical and practical knowledge in the field for academic and professional career.
|
|
|
|
|
4 |
|
OCCUPATIONAL |
Autonomy & Responsibility |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Students develop strategies to reach the sales and marketing targets.
|
|
|
2 |
|
|
|
| 2 |
Students carry out the correspondence on orders, transportation and payment with the foreign customers.
|
|
|
|
3 |
|
|
OCCUPATIONAL |
Learning to Learn |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Students organize participations in national and international fairs in the field.
|
0 |
|
|
|
|
|
| 2 |
Students prepare the documentation used in import and export transactions.
|
|
1 |
|
|
|
|
| 3 |
Students consider life-long learning as a principle and search on developments, changes and innovations in the field.
|
|
|
|
|
|
5 |
OCCUPATIONAL |
Communication & Social |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Students manage all phases from finding the customers until delivery of orders.
|
|
|
2 |
|
|
|
| 2 |
Students cooperate with stakeholders in order to generate new ideas.
|
|
|
|
|
4 |
|
OCCUPATIONAL |
Occupational and/or Vocational |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
Students implement knowledge and skills related to his / her field by taking into account his / her legal, social and ethical responsibilities.
|
|
|
|
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 |
12 |
1 |
12 |
| Land Surveying |
0 |
0 |
0 |
| Group Work |
0 |
0 |
0 |
| Laboratory |
0 |
0 |
0 |
| Reading |
5 |
4 |
20 |
| 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 |
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 |
45 |
0 |
102 |
|
Total Workload of the Course Unit |
102 |
|
|
Workload (h) / 25.5 |
4 |
|
|
ECTS Credits allocated for the Course Unit |
4,0 |
|