COURSE UNIT TITLE

: INTRODUCTION TO ECONOMICS I

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MSH 0174 INTRODUCTION TO ECONOMICS I ELECTIVE 3 0 0 4

Offered By

Efes Vocational School

Level of Course Unit

Short Cycle Programmes (Associate's Degree)

Course Coordinator

DOCTOR HAKAN SÖNMEZ

Offered to

Cultural Heritage and Tourism
Tourism and Hotel Management
Civil Aviation and Cabin Services
Civil Aviation Transportation Management
Food Technology

Course Objective

This course will provide students with economic literacy that will enable them to analyze microeconomic behavior and current economics issues from an operator's perspective, understand how actors in the economy make effective distribution decisions of existing resources, market structure, supply and demand, consumer behavior, production process, firm behavior in product markets. aims to develop the ability to make economic analysis by gaining competencies in the fields of input markets, market power and failures.

Learning Outcomes of the Course Unit

1   Learns the basic dynamics of the economy.
2   Learns to make rational decision and make a choice.
3   Learn the market supply and demand determinants.
4   Understands the effects of supply and demand dynamics on market balance.
5   Analyze consumer and producer behavior.
6   Distinguish differences regarding market types, structure and functioning.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 The basic concepts of economics.
2 Scarcity, choice and production possibilities curve.
3 Elasticity: elasticity of supply and elasticity of demand applications.
4 Demand, supply and market equilibrium.
5 Demand, supply and market equilibrium.
6 Market, price formation and state interference, the theory of consumer behavior.
7 The theory of consumer behavior.
8 Mid-Term Exam.
9 Production and cost theory.
10 Production and cost theory.
11 Perfect competition.
12 Imperfect competitions.
13 Imperfect competitions.
14 Imperfect competitions.
15 Imperfect competitions.
16 Final Exam.

Recomended or Required Reading

Textbook:
1) Case, Karl E. and Fair, Ray C., Principles of Economics, 7th or 8th Edition, Pearson/Prentice Hall, 2011.

Supplementary Book(s):
1) Parkin, M., Economics, Addison, Wesley, 6th Edition, London, 2003.
2) Samuelson, P., Nordhaus, W., Economics, McGraw-Hill Publication, 17th Edition, London. 2002.
3) Iktisat (Mikro) John Sloman, Bilim ve Teknik Yayınevi, 2014.
4) Taylor, John B, Economics, 4th Edition, Houghton, Mifflin, 2004.
5) Erdal M. Ünsal, Mikroiktisada Giriş, 6. Baskı, 2005.
6) Ertek, Tümay, Mikroekonomiye Giriş, Beta, 2005.
7) Özateşler, Mustafa, Ekonomi Bilimi I, Izmir, Ilkem Ofset, 2000.
8) Sadun, Aren, Ekonomi Dersleri,Gerçek Yayınevi, Istanbul, 1976.
9) Dinler, Zeynel, Iktisada Giriş, Ekin Kitabevi, Bursa, 1999.
10) Parasız, Ilker, Temel, Mikro Ekonomiye Giriş, Detay Yayıncılık, 2011.

Planned Learning Activities and Teaching Methods

Face to face expression technique in the classroom, discussion and problem solving, reading research, classroom applications.

Assessment Methods

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


Further Notes About Assessment Methods

None

Assessment Criteria

Exams: There will be held on two in class exams; midterm exam and final exam during the semester.
Grades: 50 % Midterm Exam, 50 % Final Exam, 50 % Make-up Exam.

Language of Instruction

Turkish

Course Policies and Rules

1) Attending at least 70 percent of lectures and fulfill the requirements of the course are mandatory.
2) Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

hakan.sonmez@deu.edu.tr

Office Hours

Monday, 13:00 - 16:30, Ground Floor, No: Z-08, Efes Vocational School, Selçuk / IZMIR.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 12 2 24
Preparation about subject 12 1 12
Student Presentations 1 2 2
Preparation for midterm exam 1 12 12
Preparation for final exam 1 12 12
Preparations before/after weekly lectures 12 2 24
Reading 4 1 4
In-class practices 6 1 6
Preparing presentations 12 1 12
Midterm 1 2 2
Final 1 2 2
TOTAL WORKLOAD (hours) 112

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14PO.15PO.16PO.17PO.18PO.19PO.20
LO.15
LO.25
LO.35
LO.45
LO.55
LO.65