| International Trade and Business (English) | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
| Course Code: | ECO104 | ||||
| Course Name: | Introduction to Economics | ||||
| Semester: | Spring | ||||
| Course Credits: |
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| Language of instruction: | English | ||||
| Course Condition: | |||||
| Does the Course Require Work Experience?: | No | ||||
| Type of course: | Compulsory Courses | ||||
| Course Level: |
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| Mode of Delivery: | Face to face | ||||
| Course Coordinator: | Dr. Öğr. Üy. İLAYDA İSABETLİ FİDAN | ||||
| Course Lecturer(s): | İmran Emre Karagözlü | ||||
| Course Assistants: |
| Course Objectives: | 1. Giving ideas regarding the efficient use of resources at household and firm levels by teaching the principles of microeconomics, 2. Teaching fundamentals of supply and demand as well as the impacts of events on supply and demand, 3. Teaching and calculating the concepts of elasticity and production and profitability levels regarding equilibrium in various market structures, 4. Enabling the interpretation of macroeconomic indicators at the national level by teaching the principles of macroeconomics, 5. Teaching various concepts such as GDP, inflation, unemployment, savings, investments, monetary system and open economies. |
| Course Content: | Supply and Demand, Market Equilibrium, Market Power, Economic Growth, Macroeconomic Policy, Elasticity, GDP, Inflation, Unemployment, Savings, Investments, Monetary System, Monetary Policy, Open Economy. |
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The students who have succeeded in this course;
1) Understand principles of microeconomics and have ideas regarding efficient use of resources at the household and firm levels. 2) Understand fundamentals of supply and demand as well as impacts of events on supply and demand. 3) Understand and calculate concepts of elasticity, welfare economics from the perspective of supply and demand, and equilibrium production and profitability obtained for different market structures. 4) Interpret macroeconomic indicators by comprehending principles of macroeconomics. 5) Understand GDP, inflation, unemployment, savings, investments, monetary system and open economies. |
| Week | Subject | Related Preparation |
| 1) | Interdependence and the gains from trade Supply and Demand | |
| 2) | Interdependence and the gains from trade Supply and Demand | |
| 3) | Elasticity and Its Applications Supply, Demand and Government Policies | |
| 4) | Consumers, Producers, and the Efficiency of Markets The Costs of Taxation | |
| 5) | The Economics of Public Sector The Costs of Production | |
| 6) | Competitive Markets, Monopoly-1 | |
| 7) | Monopoly-2 Monopolistic Competition | |
| 8) | Oligopoly | |
| 9) | National Income and Inflation | |
| 10) | Production and Growth | |
| 11) | Saving, Investment, and the Financial System | |
| 12) | Unemployment | |
| 13) | The Monetary System | |
| 14) | Introduction to Open Economies |
| Course Notes / Textbooks: | Mankiw, G.N. (2011), Principles of Economics, South-Western College Publications |
| References: | Lecture Notes |
| Course Learning Outcomes | 1 |
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| Program Outcomes | |||||||||||||
| 1) Has a broad and interdisciplinary perspective on international business and trade by the use of social sciences and mathematics, | |||||||||||||
| 2) Possess the knowledge and skills related to different functions and interactions of international business and trade. | |||||||||||||
| 3) Possess the knowledge and skills to interpret the data, concepts and ideas in the field of international business and trade with scientific and technological methods. | |||||||||||||
| 4) Use different theoretical approaches to understanding and solving various business and trade problems. | |||||||||||||
| 5) Explains the competitiveness of the countries with the requirements of international competition and interprets the functioning of the actors and regulatory structures in the international environment. | |||||||||||||
| 6) Understands the value of developing new trade projects and generating strategies within international market needs. | |||||||||||||
| 7) Solves complex business and global trade problems by using various statistical techniques and numerical methods and makes analyzes by using statistical programs effectively. | |||||||||||||
| 8) Uses a foreign language at the B1 General Level in terms of European Language Portfolio criteria according to the level of education. | |||||||||||||
| 9) Develops teamwork, negotiation, leadership and entrepreneurship skills. | |||||||||||||
| 10) Possess the knowledge of universal ethical values, social responsibility and sufficient legal and regulatory knowledge. | |||||||||||||
| 11) Develops positive attitudes related to lifelong learning and identifies individual learning needs and carries out studies to correct them. | |||||||||||||
| 12) Students will be able to communicate their ideas and solutions both written and orally, and present and publish them on both national and international platforms. | |||||||||||||
| 13) Uses information and communication technologies together with computer software at the advanced level of European Computer Using License required by the field. | |||||||||||||
| No Effect | 1 Lowest | 2 Average | 3 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Has a broad and interdisciplinary perspective on international business and trade by the use of social sciences and mathematics, | |
| 2) | Possess the knowledge and skills related to different functions and interactions of international business and trade. | |
| 3) | Possess the knowledge and skills to interpret the data, concepts and ideas in the field of international business and trade with scientific and technological methods. | |
| 4) | Use different theoretical approaches to understanding and solving various business and trade problems. | |
| 5) | Explains the competitiveness of the countries with the requirements of international competition and interprets the functioning of the actors and regulatory structures in the international environment. | |
| 6) | Understands the value of developing new trade projects and generating strategies within international market needs. | |
| 7) | Solves complex business and global trade problems by using various statistical techniques and numerical methods and makes analyzes by using statistical programs effectively. | |
| 8) | Uses a foreign language at the B1 General Level in terms of European Language Portfolio criteria according to the level of education. | |
| 9) | Develops teamwork, negotiation, leadership and entrepreneurship skills. | |
| 10) | Possess the knowledge of universal ethical values, social responsibility and sufficient legal and regulatory knowledge. | |
| 11) | Develops positive attitudes related to lifelong learning and identifies individual learning needs and carries out studies to correct them. | |
| 12) | Students will be able to communicate their ideas and solutions both written and orally, and present and publish them on both national and international platforms. | |
| 13) | Uses information and communication technologies together with computer software at the advanced level of European Computer Using License required by the field. |
| Semester Requirements | Number of Activities | Level of Contribution |
| Quizzes | 2 | % 20 |
| Midterms | 1 | % 30 |
| Final | 1 | % 50 |
| total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 50 | |
| PERCENTAGE OF FINAL WORK | % 50 | |
| total | % 100 | |
| Activities | Number of Activities | Preparation for the Activity | Spent for the Activity Itself | Completing the Activity Requirements | Workload | ||
| Course Hours | 14 | 2 | 3 | 70 | |||
| Study Hours Out of Class | 14 | 0 | 2 | 28 | |||
| Quizzes | 2 | 5 | 1 | 12 | |||
| Midterms | 1 | 15 | 1 | 16 | |||
| Final | 1 | 15 | 1 | 16 | |||
| Total Workload | 142 | ||||||