COURSE UNIT TITLE

: ECONOMICS I

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECO 1001 ECONOMICS I COMPULSORY 3 0 0 5

Offered By

Economics (English)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ISTEMI BERK

Offered to

Political Science and International Relations (English)
Economics (English)
International Business and Trade (English)
Tourism Management (English)
International Trade and Business (English)
International Relations (English)
BUSINESS ADMINISTRATION (English)

Course Objective

The purpose of the course is to provide a basic understanding of how economic actors decide to allocate their available resources in an efficient way. The course introduces basic microeconomic topics such as market structures, supply and demand, consumer behaviour, firm behaviour in output markets, the production process, input markets, decisions in regards to market power and market failures in capitalist economies.

Learning Outcomes of the Course Unit

1   Be able to demonstrate an understanding of basic economic concepts so that the learner can follow economic news in the media.
2   Identify the interactions among different economic units in order to discover the process of economic decision-making in a manner consistent with the existence of scarcity.
3   Identify different kinds of market structures, allowing the learner to recognize the business environment in which a firm operates.
4   Demonstrate an understanding the dynamics behind supply and demand in order to explain their effects on market equilibrium.
5   Acquire the skills to use library and media resources to enhance economic reasoning.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 The Scope and Method of Economics
2 The Economic Problem: Scarcity and Choice
3 Demand, Supply and Market Equilibrium
4 Demand, Supply and Market Equilibrium
5 Demand and Supply Applications
6 Elasticity
7 Elasticity/Review
8 Household Behaviour and consumer Choice
9 Household Behaviour and consumer Choice
10 Production Process and Firm Behaviour
11 Short-costs and Output decisions
12 Long-run Costs and Output decisions
13 Monopoly
14 Monopoly/ Review

Recomended or Required Reading

Karl E. CASE, Ray C. FAIR and Sharon E. OSTER, Principles of Economics (Global Edition), Pearson Prentice Hall, New Jersey, 13th Edition

Planned Learning Activities and Teaching Methods

1. Lectures
2. Problem Sets
3. Readings

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 FN Final
3 FCG FINAL COURSE GRADE MT * 0.40 + FN * 0.60
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MT * 0.40 + RST * 0.60


Further Notes About Assessment Methods

Midterm(40%)+Final(40%)

Assessment Criteria

1. The learner will clearly define economic concepts in any economic news on economic units.
2. The learner will use necessary economic concepts to explain the decision-making processes of consumers and firms.
3. The learner will identify the market structure in which a specific product is produced and sold.
4. The learner will recognize how a market reaches equilibrium through demand and supply forces.
5. The learner will recognize economic issues that are defined in reserved books and resources at the library.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

istemi.berk@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 14 2 28
Preparation for midterm exam 1 24 24
Preparation for final exam 1 30 30
Preparation for quiz etc. 0 0 0
Midterm 1 3 3
Final 1 3 3
Quiz etc. 0 0 0
TOTAL WORKLOAD (hours) 130

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13
LO.15
LO.25
LO.34
LO.44
LO.54

CONTACT INFORMATION
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