Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| INTRODUCTION to ECONOMICS I | İŞY1127660 | Fall Semester | 2+0 | 2 | 4 |
| Course Program | Cuma 15:30-16:15 Cuma 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) | Lect. Masoud SHEIKHI |
| 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 | Have knowledge to follow the scientific information about the business management literature, the ability of assessment and apply about the whole current business functions . | X | |||||
| 2 | Have the theoretical ability to establish a relationship among business management literature and other related disciplines. | X | |||||
| 3 | Students recognize and comment the mathematical calculations, the accounting records and financial analysis concerning their business activities. | X | |||||
| 4 | Have the knowledge and equipment to follow the relevant legislation and fulfill the legal responsibility of the company. | X | |||||
| 5 | Have knowledge about economic literature in order to manage resources of the company effectively. | X | |||||
| 6 | Have the ability to develop innovative recommendations about solutions regarding the problems faced by the management, production and marketing. | X | |||||
| 7 | Students able to identify, analyze and propose solutions to the problems about the issues related to the field at a basic level studies. | X | |||||
| 8 | Have a perspective to evaluate with a critical approach the basic level of knowledge and skills about the functions carried out by a company, compare the situations faced in business and literature, include the experiences on their learning process. | X | |||||
| 9 | Students follow and evaluate national and international developments regarding the business operations. | X | |||||
| 10 | Students able to communicate by expressing ideas and knowledge stating clearly and concisely both orally and in writing. | X | |||||
| 11 | Students effectively use the Turkish language in written and oral communication. | X | |||||
| 12 | Students have professional foreign language to do international correspondence in the field. | X | |||||
| 13 | Have ability to use communication technologies effectively that can helpful in business life. | X | |||||
| 14 | Aware to adopt a quality-oriented approach in the operating activities and use in application as well. | X | |||||
| 15 | Comply with the laws and rules of professional ethics about their personal responsibilities. | X | |||||
| 16 | Students aware that business activities should respect on public health, environmental protection and job security issues also in their professional decisions take into consideration these issues. | 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 | İŞY1127660 | Fall Semester | 2+0 | 2 | 4 |
| Course Program | Cuma 15:30-16:15 Cuma 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) | Lect. Masoud SHEIKHI |
| 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 | Have knowledge to follow the scientific information about the business management literature, the ability of assessment and apply about the whole current business functions . | X | |||||
| 2 | Have the theoretical ability to establish a relationship among business management literature and other related disciplines. | X | |||||
| 3 | Students recognize and comment the mathematical calculations, the accounting records and financial analysis concerning their business activities. | X | |||||
| 4 | Have the knowledge and equipment to follow the relevant legislation and fulfill the legal responsibility of the company. | X | |||||
| 5 | Have knowledge about economic literature in order to manage resources of the company effectively. | X | |||||
| 6 | Have the ability to develop innovative recommendations about solutions regarding the problems faced by the management, production and marketing. | X | |||||
| 7 | Students able to identify, analyze and propose solutions to the problems about the issues related to the field at a basic level studies. | X | |||||
| 8 | Have a perspective to evaluate with a critical approach the basic level of knowledge and skills about the functions carried out by a company, compare the situations faced in business and literature, include the experiences on their learning process. | X | |||||
| 9 | Students follow and evaluate national and international developments regarding the business operations. | X | |||||
| 10 | Students able to communicate by expressing ideas and knowledge stating clearly and concisely both orally and in writing. | X | |||||
| 11 | Students effectively use the Turkish language in written and oral communication. | X | |||||
| 12 | Students have professional foreign language to do international correspondence in the field. | X | |||||
| 13 | Have ability to use communication technologies effectively that can helpful in business life. | X | |||||
| 14 | Aware to adopt a quality-oriented approach in the operating activities and use in application as well. | X | |||||
| 15 | Comply with the laws and rules of professional ethics about their personal responsibilities. | X | |||||
| 16 | Students aware that business activities should respect on public health, environmental protection and job security issues also in their professional decisions take into consideration these issues. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |