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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS GMS 1001 INTRODUCTION TO ECONOMICS COMPULSORY 3 0 0 3

Offered By

Gastronomy and Culinary Arts

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PINAR EGELI

Offered to

Gastronomy and Culinary Arts

Course Objective

It is aimed for students to learn basic concepts and assumptions in economics. In addition to that, methods and tools used in analyzing economies and economic activities, theories for supply and demand, elasticity, consumption and production decisions, market analyses, factor markets, price determination in perfectly competitive and imperfectly competitive markets are examined.

Learning Outcomes of the Course Unit

1   To be able to explain basic concepts in economics 2   To be able to summarize main theories in economics 3   To be able to understand the methods of national income accounting 4   To be able to criticize the causes and effects of inflation and policies against inflation 5   To be able to evaluate policy implications and the current situation in national economy in the light of the knowledge attained

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description 1 Basic Concepts 2 Economic Systems 3 Supply and Demand 4 Market Elasticity 5 Consumption Theory 6 Production Theory 7 Mid-term exam 8 Mid-term exam 9 Perfect Comptetion Market 10 Monopoly, Monopolistic Competition Market 11 Oligopoly Market 12 National Income, Related Issues 13 Government Consumption and Fiscal Policy 14 Inflation, Causes and Effects of Inflation, Policies against Inflation 15 Money, Monetary Theory 16 Final exam 17 Final exam

Recomended or Required Reading

Main Reference: Zeynel Dinler, Iktisada Giriş, Ekin Yayınevi, 2011. Other References: Ilker Parasız, Iktisada Giriş, Ezgi Kitapevi, 2010. Ömer Faruk Çolak (Ed.), Iktisada Giriş, Gazi Kitabevi, 2007.

Planned Learning Activities and Teaching Methods

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA 1 MTE MIDTERM EXAM 2 FIN FINAL EXAM 3 FCGR FINAL COURSE GRADE MTE*0.40+FIN * 0.60 4 RST RESIT 5 FCG FINAL COURSE GRADE MTE*0.40+RST * 0.60 *** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

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 12 3 36 Preparation for midterm exam 1 12 12 Preparation for final exam 1 12 12 Preparations before/after weekly lectures 12 1 12 Midterm 1 2 2 Final 1 2 2 TOTAL WORKLOAD (hours) 76

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 PO.10 PO.11 PO.12 LO.1 5 LO.2 5 LO.3 5 LO.4 5 LO.5 5 5