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Information
| Unit | KOZAN FACULTY OF BUSINESS MANAGEMENT |
| BUSINESS ADMINISTRATION PR. | |
| Code | BAC155 |
| Name | Introduction To Economics 1 |
| Term | 2021-2022 Academic Year |
| Semester | 1. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. BAŞAK GÜL AKAR |
| Course Instructor |
Prof. Dr. BAŞAK GÜL AKAR
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
This is a two-term cource in economics. We will try to understand the basic concepts and definitions of economics, its relations with other sciences such as sociology, law, mathematics,... Its two basic subjects are microeconomics and macroeconomics. We shall begin with microeconomics.
Course Content
It deals with micro units in economics such as individual or households, firms (big or small), and the relationships between them. As we learned about supply, demand, scarcity, efficiency and productivity, the price system, households, firms, markets (perfectly competitive or imperfectly competitive or factors of production) , we will understand the way we get rational decisions, and rational choice.
Course Precondition
Yok
Resources
Notes
Kitaplar
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Define the main concepts and key issues related to the science of economics |
| LO02 | Learn about the main fields of activity and methodology of economics |
| LO03 | Learn the basic branches of economics, macro-micro level |
| LO04 | Understand the Price theory, characteristics and properties of supply and demand law |
| LO05 | Learn about the consumer theory and producer theory |
| LO06 | Define the role of pricing within the event advantage of the market economy. |
| LO07 | Perceive the costs and benefits arising from the global economy |
| LO08 | Produce numerical and policy options when confronted with problems. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | List and define the concepts of business management, and explain their relations to each other | 1 |
| PLO02 | - | List and define the fundamental conceptual models, numerical and statistical techniques of business administartion and identify their advantages and disadvantages. | 2 |
| PLO03 | - | List and define the relationship between the basic concepts of economy and business management ; indicate the strong and weak sides of each method. | 1 |
| PLO04 | - | Explain how to create the fundamental conceptual models and how to apply numerical and statistical techniques that are used in business administration. | 5 |
| PLO05 | - | Explain how to interpret the results gathered through the application and/or implementation of conceptual models and/or numerical and statistical methods of business management. | 2 |
| PLO06 | - | Determine appropriate methods to solve business problems | 2 |
| PLO07 | - | Evaluate the results that are obtained from applications of business management methods | 3 |
| PLO08 | - | Use the basic numerical and statistical softwares | 3 |
| PLO09 | - | Use the basic enterprise resource planning (ERP) softwares | 1 |
| PLO10 | - | Take initiative individually or/and as a member of a team, lead and work effectively | 4 |
| PLO11 | - | As well as professional development, improve him-/herself continuously in scientific, social, cultural and artistic fields according to his/her interests and abilities, identifying needs of learning. | 4 |
| PLO12 | - | Follow latest developments in the field, and sustain personal and professional development with the awareness of the necessity of life long learning | 4 |
| PLO13 | - | Use different resources in accordance with academic principles, synthesize the data gathered, and present them effectively in an unfamiliar field. | 4 |
| PLO14 | - | Use Turkish and at least one foreign language in accordance with the requirements in academic and business context | 4 |
| PLO15 | - | Perceive and interpret the feelings, ideas and behaviours of people appropriately, and express himself/herself accurately in written or oral format | 4 |
| PLO16 | - | Question traditional approaches, methods and implementations; develop and implement alternative methods when required | 2 |
| PLO17 | - | Recognize and apply social, scientific and professional ethical values. | 3 |
| PLO18 | - | Determine the most appropriate approaches, implementations and methods of business management considering sectors, their sizes, resources, cultures, goals and objectives | 4 |
| PLO19 | - | Monitor external factors such as industrial structures, competition, technologies, economics, politics, cultures that affects the activities of businesses and interpret their impact on businesses | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction to Main Concepts and Price Theory | Reading course book | |
| 2 | Supply and Demand | Reading course book | |
| 3 | Partial Market Equilibrium, Factors Affecting Supply and Demand | Reading course book | |
| 4 | Elasticity Practices and Consumer Theory | Reading course book | |
| 5 | Utility (Cardinal Approach), Utility (Ordinal Approach) | Reading course book | |
| 6 | Consumer Equilibrium, Producer Theory and Production Function | Reading course book | |
| 7 | Optimal Factor Composition, Cost Analysis and Price Theory | Reading course book | |
| 8 | Mid-Term Exam | Preperation for the exam | |
| 9 | Profit Maximization, Perfect Competition Market and Imperfect Competitive Market | Reading course book | |
| 10 | Monopoly, Monopsony, Bilateral Monopoly, Monopolistic Competition and Oligopoly | Reading course book | |
| 11 | Production Factors Price Analysis and Pricing of Production Factors | Reading course book | |
| 12 | Labor and Wages; Land and Rant | Reading course book | |
| 13 | Capital and Interest Rate; Enterprise and Profit | Reading course book | |
| 14 | Distribution of Income, Urbanization and Environmental Economics | Reading course book | |
| 15 | Revision | Reading course book | |
| 16 | Term Exams | Preperation for the exam | |
| 17 | Term Exams | Preperation for the exam |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||