COURSE UNIT TITLE

: PRINCIPLES OF ECONOMY

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
TKS 1103 PRINCIPLES OF ECONOMY COMPULSORY 2 0 0 2

Offered By

Textile Engineering

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ÖZLEM KAYACAN

Offered to

Textile Engineering

Course Objective

To explain the fundamental concepts of micro-economics and economic systems, to explain price theory and producer-consumer equilibrium To explain the fundamental concepts of macro-economics, to explain national income, employment, unemployment, inflation, deflation, devaluation, European Union and other integration movements and consequently, mechanism of economic processes. As a term project, to contribute self-improvement and communication skills by attending a social responsibility project as a volunteer.

Learning Outcomes of the Course Unit

1   To be able to explain the fundamental concepts of microeconomics
2   To be able to explain supply-demand equilibrium and formation of price
3   To be able to explain consumer-producer equilibrium
4   To be able to explain the fundamental concepts of macroeconomics
5   To be able to explain national income, employment and unemployment
6   To be able to explain inflation, deflation, devaluation and stagflation
7   To be able to explain EU and economic integration facts
8   To be able to conduct SWOT analysis

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Description of economy and fundamental concepts: requirement, goods and services, benefit, production, consumption, saving, investment and production factors
2 Economic systems: Capitalism, socialism, social market economy. Types of enterprises.
3 Demand (description, schedule, curve, function and elasticity)
4 Supply (description, schedule, curve, function and elasticity)
5 Price theory
6 Consumption theory (indifference curve and budget line)
7 Production theory (co-product curve, co-expense curve)
8 Mid-term
9 Fundamental concepts of macroeconomics (convertibility, emission, synergic society, learning organization, organization culture, intellectual capital, risk capital, network economy, know-how, arbitration, barter, R&D, techno-park, techno-city, benchmarking, leasing, factoring, franchising).
10 National income (GDP, NP, private income, income per capita, nominal income, real income
11 Inflation, deflation, devaluation and stagflation concepts
12 Employment, unemployment and their types
13 EU and other international economic integrations. IMF, IBRD, WTO, OPEC, OECD, EFTA, NAFTA, ASEAN
14 SWOT analysis

Recomended or Required Reading

1. Pekin, Tevfik, Ekonomiye Giriş, Bornova 1999.
2. Pekin, Tevfik, Makro Ekonomi, Bornova 1999.
3. Dinler, Zeynel, Iktisada Giriş, Ekin Kitabevi, Bursa, 1995
4. Ertek, Tümay, Makroekonomiye Giriş, Beta, 2005

Planned Learning Activities and Teaching Methods

Lecture and student participation

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 FIN FINAL EXAM
3 FCG FINAL COURSE GRADE MTE * 0.50 + FIN * 0.50
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.50 + RST * 0.50


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

Midterm %50 + Final %50

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 13 2 26
Preparations before/after weekly lectures 13 1 13
Preparation for midterm exam 1 4 4
Preparation for final exam 1 4 4
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 51

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11
LO.12
LO.22
LO.32
LO.42343
LO.5232
LO.6
LO.725
LO.82

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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