The aim of this course is to explain the basic principles of economics and the behavior and decision making processes of individuals and institutions in the light of these principles.
Course Content
This course contains; Introduction to Economics,An Overview of Market Economy,Supply-Demand,Elasticity and Consumer-Producer Surplus,State Intervention in the Market,Consumer Choice,Producer Choice,Competitive Markets,Monopoly,Oligopoly and Monopolistic Competition,Externalities and Market Failure,The Role of Government and Public Goods,The Markets for the Factors of Production,Income Distribution and Poverty.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. List the basic principles on which economics is based.
10, 16, 9
A
2. It explain price and quantity formation in the economy.
10, 16, 9
A
3. Analyzes consumer and company behavior
10, 16, 9
A
4. Evaluates the markets.
10, 16, 9
A
5. Interprets income distribution and factor markets.
10, 16, 9
A
6. Gives examples about markets
10, 12, 13, 16
A
Teaching Methods:
10: Discussion Method, 12: Problem Solving Method, 13: Case Study Method, 16: Question - Answer Technique, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
Introduction to Economics
2
An Overview of Market Economy
3
Supply-Demand
4
Elasticity and Consumer-Producer Surplus
5
State Intervention in the Market
6
Consumer Choice
7
Producer Choice
8
Competitive Markets
9
Monopoly
10
Oligopoly and Monopolistic Competition
11
Externalities and Market Failure
12
The Role of Government and Public Goods
13
The Markets for the Factors of Production
14
Income Distribution and Poverty
Resources
112/5000
General Economics, Dr. Osman Orhan Dr. Seyfettin Erdoğan, Umuttepe publications, 7th edition, Kocaeli, 2013.
Ertek, T. (2017). Basic Economics with Examples from the Press, (5th Edition). Beta Basım Yayin, October, Istanbul.
Sharon M. Oster et al, Principles of Economics, Palme Publishing, Ankara, 2010.
Dinler, Z. (2023). Introduction to Economics.(28th Edition). Bursa: Ekin Publishing Publishing.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Students identify the basic concepts and gain knowledge related to banking and insurance.
X
2
Students acquire the current knowledge concerning the sector practices.
X
3
Students make a list of fundamental conceptual knowledge in the practical application of International Banking and Finance techniques.
X
4
Students explain procedures and principles to follow in banking and insurance transactions.
5
Students convey knowledge concerning financial markets and institutions.
X
6
Students identify and define transaction types in the banking and insurance sector.
7
Students rationally determine risks to be faced by the parties in both sectors.
X
8
Students explain risk types to occur in the sector and hedging techniques.
X
9
Students apply the acquired knowledge regarding the field of banking and insurance to their studies.
X
10
Students are fully aware that they need to adapt to the changes in the sector considering lifelong learning approach.
X
11
Students benefit from the domain knowledge and acquired skills for informing partners or partner institutions.
X
12
Students set up social responsibility projects related to the field they work in.
X
13
Students communicate with their colleagues and customers according to the rules of professional ethics.
X
14
Students effectively apply the acquired knowledge in the field of banking and insurance to their studies or professional lives.
X
15
Students discover asymmetric information problems to occur in the sector and indicate the necessary measures which need to be taken to prevent those kinds of problems.
X
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
2
28
Guided Problem Solving
1
12
12
Resolution of Homework Problems and Submission as a Report
12
1
12
Term Project
12
1
12
Presentation of Project / Seminar
0
0
0
Quiz
1
10
10
Midterm Exam
1
20
20
General Exam
1
25
25
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
119
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(119/30)
4
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.
Detail Informations of the Course
Course Description
Course
Code
Semester
T+P (Hour)
Credit
ECTS
INTRODUCTION to ECONOMICS I
BNK1127660
Fall Semester
2+0
2
4
Course Program
Salı 15:30-16:15
Salı 16:30-17:15
Prerequisites Courses
Recommended Elective Courses
Language of Course
Turkish
Course Level
Short Cycle (Associate's Degree)
Course Type
Required
Course Coordinator
Assist.Prof. İrfan ERSİN
Name of Lecturer(s)
Assist.Prof. İrfan ERSİN
Assistant(s)
Aim
The aim of this course is to explain the basic principles of economics and the behavior and decision making processes of individuals and institutions in the light of these principles.
Course Content
This course contains; Introduction to Economics,An Overview of Market Economy,Supply-Demand,Elasticity and Consumer-Producer Surplus,State Intervention in the Market,Consumer Choice,Producer Choice,Competitive Markets,Monopoly,Oligopoly and Monopolistic Competition,Externalities and Market Failure,The Role of Government and Public Goods,The Markets for the Factors of Production,Income Distribution and Poverty.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. List the basic principles on which economics is based.
10, 16, 9
A
2. It explain price and quantity formation in the economy.
10, 16, 9
A
3. Analyzes consumer and company behavior
10, 16, 9
A
4. Evaluates the markets.
10, 16, 9
A
5. Interprets income distribution and factor markets.
10, 16, 9
A
6. Gives examples about markets
10, 12, 13, 16
A
Teaching Methods:
10: Discussion Method, 12: Problem Solving Method, 13: Case Study Method, 16: Question - Answer Technique, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
Introduction to Economics
2
An Overview of Market Economy
3
Supply-Demand
4
Elasticity and Consumer-Producer Surplus
5
State Intervention in the Market
6
Consumer Choice
7
Producer Choice
8
Competitive Markets
9
Monopoly
10
Oligopoly and Monopolistic Competition
11
Externalities and Market Failure
12
The Role of Government and Public Goods
13
The Markets for the Factors of Production
14
Income Distribution and Poverty
Resources
112/5000
General Economics, Dr. Osman Orhan Dr. Seyfettin Erdoğan, Umuttepe publications, 7th edition, Kocaeli, 2013.
Ertek, T. (2017). Basic Economics with Examples from the Press, (5th Edition). Beta Basım Yayin, October, Istanbul.
Sharon M. Oster et al, Principles of Economics, Palme Publishing, Ankara, 2010.
Dinler, Z. (2023). Introduction to Economics.(28th Edition). Bursa: Ekin Publishing Publishing.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Students identify the basic concepts and gain knowledge related to banking and insurance.
X
2
Students acquire the current knowledge concerning the sector practices.
X
3
Students make a list of fundamental conceptual knowledge in the practical application of International Banking and Finance techniques.
X
4
Students explain procedures and principles to follow in banking and insurance transactions.
5
Students convey knowledge concerning financial markets and institutions.
X
6
Students identify and define transaction types in the banking and insurance sector.
7
Students rationally determine risks to be faced by the parties in both sectors.
X
8
Students explain risk types to occur in the sector and hedging techniques.
X
9
Students apply the acquired knowledge regarding the field of banking and insurance to their studies.
X
10
Students are fully aware that they need to adapt to the changes in the sector considering lifelong learning approach.
X
11
Students benefit from the domain knowledge and acquired skills for informing partners or partner institutions.
X
12
Students set up social responsibility projects related to the field they work in.
X
13
Students communicate with their colleagues and customers according to the rules of professional ethics.
X
14
Students effectively apply the acquired knowledge in the field of banking and insurance to their studies or professional lives.
X
15
Students discover asymmetric information problems to occur in the sector and indicate the necessary measures which need to be taken to prevent those kinds of problems.
