Course Detail

Course Description Course Outline Course Contribution to Program Qualifications Assessment Methods ECTS-Workload Detail Informations of the Course Numerical Data

Course Description

Course	Code	Semester	T+P (Hour)	Credit	ECTS
PRINCIPLES ECONOMICS	AVM1154250	Fall Semester	3+0	3	5

Course Program

Pazartesi 13:30-14:15

Pazartesi 14:30-15:15

Pazartesi 15:30-16:15

Cumartesi 13:30-14:15

Cumartesi 14:30-15:15

Cumartesi 15:30-16:15

Prerequisites Courses
Recommended Elective Courses

Language of Course	English
Course Level	First Cycle (Bachelor's Degree)
Course Type	Required
Course Coordinator	Assist.Prof. Erdal HARUNOĞULLARI
Name of Lecturer(s)	Assist.Prof. Erdal HARUNOĞULLARI
Assistant(s)
Aim	The aim of this course is to explain the basic principles that economics relies on, and how the economic system works on the micro and macro scale in the light of these principles.
Course Content	This course contains; Introduction to Economics ,Supply and Demand,Household Behavior and Consumer Choice,Production Process,Factor Markets,Perfect Competititon and Monpoly,Oligopoly and Monopolistic Competition,Calculation of National Income,Economic Growth,Unemployment,Inflation,Fiscal Policy,Money Market and Monetary Policy,International Trade and Finance.

Course Learning Outcomes	Teaching Methods	Assessment Methods
1. Will be able to explain basic concepts of economics	13, 16, 9	A
1.1. Define basic concepts	16, 9	A
1.2. Relate these concepts with the real life.	13, 16, 9	A
2. Will be able to analyse consumer and firm choices	13, 16, 9	A
2.1. Analyse the concepts of utility and budget constraint.	13, 16, 9	A
2.2. Calculate production costs and profit	13, 16, 9	A
3. Will be able to evaluate markets	13, 16, 9	A, E
3.1. Recognize types of markets	13, 16, 9	A, E
3.2. Analyse the formation of market prices.	13, 16, 9	A, E
3.3. Compare different markets	13, 16, 9	A, E
4. Will be able to explain how the macro economy works in general.	13, 16, 9	A
4.1. Evaluate the economy in terms of national income and employment level	13, 16, 9	A
4.2. Explain the interaction between macroeconomic variables.	13, 16, 9	A
5. Will be able to make suggestions regarding economic policy.	13, 16, 9	A, E
5.1. Evaluate the decisions made by the central bank.	13, 16, 9	A, E
5.2. Evaluate the fiscal policy used by the government.	13, 16, 9	A, E
6. Will be able to analyze current economic phenomena.	13, 16, 9	A
6.1. Comment on the changes in the real aggregates like economic growth and employment leve	13, 16, 9	A
6.2. Discuss the effects of changes in financial aggregates such as the exchange rate and interest rate on economy.	13, 16, 9	A

Teaching Methods:	13: Case Study Method, 16: Question - Answer Technique, 9: Lecture Method
Assessment Methods:	A: Traditional Written Exam, E: Homework

Course Outline

Order	Subjects	Preliminary Work
1	Introduction to Economics
2	Supply and Demand
3	Household Behavior and Consumer Choice
4	Production Process
5	Factor Markets
6	Perfect Competititon and Monpoly
7	Oligopoly and Monopolistic Competition
8	Calculation of National Income
9	Economic Growth
10	Unemployment
11	Inflation
12	Fiscal Policy
13	Money Market and Monetary Policy
14	International Trade and Finance

Resources

Case, Fair and Oster, "Principles of Economics"

Begg, Vernasca, Fischer and Dornbusch, "Economics".

Course Contribution to Program Qualifications

Course Contribution to Program Qualifications
No	Program Qualification	Contribution Level
No	Program Qualification	1	2	3	4	5
1	Defines the theoretical knowledge in the field of aviation management.
2	Explains the necessary of mathematical and statistical methods in the field of aviation management.
3	Uses at least one computer program required in the field of aviation management.
4	Demonstrates proficiency in foreign language proficiency required in the field of aviation management.
5	Prepares projects about his field and manages team works.
6	It critically evaluates the knowledge and skills that it constantly renews and acquires by following the developments in the field of Aviation management with the awareness of lifelong learning in the professional field.
7	Uses theoretical and practical information in the field of aviation management.
8	Follows up to date technologies and communicates verbally/writing using a foreign language at least A2 level.
9	Adopts and uses organizational / corporate, business and social ethical values.
10	It adopts social responsibility principles and takes initiative when necessary, within the framework of public service sensitivity.
11	In order to carry out interdisciplinary studies, analyze basic information and data in different disciplines and use them in the field.
12	It offers appropriate suggestions in both micro and macro frameworks in the face of problems in the aviation management sectors.

Assessment Methods

Contribution Level	Absolute Evaluation
Rate of Midterm Exam to Success		40
Rate of Final Exam to Success		60
Total		100

ECTS / Workload Table
Activities	Number of	Duration(Hour)	Total Workload(Hour)
Course Hours	14	3	42
Guided Problem Solving	0	0	0
Resolution of Homework Problems and Submission as a Report	2	10	20
Term Project	0	0	0
Presentation of Project / Seminar	0	0	0
Quiz	1	10	10
Midterm Exam	1	30	30
General Exam	1	50	50
Performance Task, Maintenance Plan	0	0	0
Total Workload(Hour)			152
*Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30=(152/30)**			5
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.

Detail Informations of the Course