TÜRKÇE
ENGLISH
Information
| Code | BAC155 |
| Name | Introduction To Economics 1 |
| 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 |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Doç. Dr. BAŞAK GÜL AKAR |
Course Goal
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
No
Resources
Microeconomics, Global Edition Daron Acemoglu, David Laibson, John List
Notes
Economic Development - Republic of Turkey Anadolu University Press
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | List the main concepts and key issues related to the science of economics |
| LO02 | Explains about the main fields of activity and methodology of economics |
| LO03 | List the basic branches of economics, macro-micro level |
| LO04 | Discusses the Price theory, characteristics and properties of supply and demand law |
| LO05 | Explains about the consumer theory and producer theory |
| LO06 | Defines the role of pricing within the event advantage of the market economy. |
| LO07 | Interprets the costs and benefits arising from the global economy |
| LO08 | Analyses numerical and policy options when confronted with problems. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain all the basic functions of the business conceptually. | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Explain the basic economic concepts and the relationship between basic economic concepts and business management concepts. | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the basic information about the law discipline related to the field of business administration. | |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Transfer information about the field of business in the language of learning by using effective verbal, written and visual communication methods. | 3 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Determine the most appropriate approaches, implementations and methods of business management considering sectors, their sizes, resources, cultures, goals and objectives. | |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Determine appropriate methods to solve business problems. | |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Research in the field of business and reports the results of the research for use in managerial decision-making processes. | |
| PLO08 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Effectively work as a team and takes the necessary responsibility within the team. | 4 |
| PLO09 | Yetkinlikler - Öğrenme Yetkinliği | 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 |
| PLO10 | Yetkinlikler - Öğrenme Yetkinliği | Follow latest developments in the field, and sustain personal and professional development with the awareness of the necessity of life long learning. | 5 |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | Use basic numerical and statistical analysis programs of business management. | |
| PLO12 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Monitor the external environment factors such as sector structure, competition, technology, economy, politics and culture that affect the activities of businesses and interpret their effects on businesses. | 4 |
| PLO13 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Use/report/interpret Business Information Systems and sub-modules required by business management. | |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Use Turkish and at least one foreign language in accordance with the requirements in academic and business life. | 4 |
| PLO15 | Yetkinlikler - Alana Özgü Yetkinlik | Become aware of professional ethics, environmental awareness, sustainability, social responsibility, cultural, social and universal values. | |
| PLO16 | Yetkinlikler - Alana Özgü Yetkinlik | Follow latest developments in the field, and sustain personal and professional development with the awareness of the necessity of life long learning | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction to Main Concepts and Price Theory | Reading course book | Öğretim Yöntemleri: Anlatım |
| 2 | Supply and Demand | Reading course book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Beyin Fırtınası |
| 3 | Partial Market Equilibrium, Factors Affecting Supply and Demand | Reading course book | Öğretim Yöntemleri: Anlatım, Problem Çözme, Soru-Cevap |
| 4 | Elasticity Practices and Consumer Theory | Reading course book | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 5 | Utility (Cardinal Approach), Utility (Ordinal Approach) | Reading course book | Öğretim Yöntemleri: Anlatım, Problem Çözme, Tartışma |
| 6 | Consumer Equilibrium, Producer Theory and Production Function | Reading course book | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 7 | Optimal Factor Composition, Cost Analysis and Price Theory | Reading course book | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 8 | Mid-Term Exam | Preperation for the exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Profit Maximization, Perfect Competition Market and Imperfect Competitive Market | Reading course book | Öğretim Yöntemleri: Anlatım, Problem Çözme, Tartışma |
| 10 | Monopoly, Monopsony, Bilateral Monopoly, Monopolistic Competition and Oligopoly | Reading course book | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 11 | Production Factors Price Analysis and Pricing of Production Factors | Reading course book | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 12 | Labor and Wages; Land and Rant | Reading course book | Öğretim Yöntemleri: Anlatım, Problem Çözme, Tartışma |
| 13 | Capital and Interest Rate; Enterprise and Profit | Reading course book | Öğretim Yöntemleri: Anlatım, Problem Çözme, Tartışma |
| 14 | Distribution of Income, Urbanization and Environmental Economics | Reading course book | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 15 | Revision | Reading course book | Öğretim Yöntemleri: Anlatım, Problem Çözme, Soru-Cevap |
| 16 | Term Exams | Preperation for the exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Preperation for the exam | Ölçme Yöntemleri: Yazılı Sınav |
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 | ||