BAC155 Introduction To Economics 1

5 ECTS - 3-0 Duration (T+A)- 1. Semester- 3 National Credit

Information

Code BAC155
Name Introduction To Economics 1
Term 2022-2023 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
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Doç. Dr. BAŞAK GÜL AKAR
Course Instructor Öğr. Gör. Ahmet Turan ÖZHUY (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

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

Update Time: 18.11.2022 03:12