Economics and Finance(English) | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | ECO111 | ||||||||
Course Name: | Fundamentals of Economics I | ||||||||
Course Semester: | Fall | ||||||||
Course Credits: |
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Language of instruction: | EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Compulsory | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Prof. Dr. FATMA ÇİĞDEM ÇELİK | ||||||||
Course Lecturer(s): |
Prof. Dr. FATMA ÇİĞDEM ÇELİK |
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Course Assistants: |
Course Objectives: | This course is the first part of the sequence of introductory economics courses. The main objective of the course is to equip students the basics of microeconomics. Broadly defined, microeconomics is the study of how humans behave in the economic world and how the interactions between different actors in the economy are formed. This course will present a basic introduction about how economists look at the way such micro interactions are formed. |
Course Content: | Role of consumers, firms, and workers as economic actors; nature of economic interaction and dealings; economic choice and constraints; consumer theory and demand; theory of the firm: production, costs and supply; general equilibrium; market structures; market failures; imperfect information; welfare; examples from the World and Turkey. |
The students who have succeeded in this course;
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Week | Subject | Related Preparation |
1) | Principles and Practice of Economics (Week 1) | NONE |
2) | Optimization: Doing the Best You Ca | READİNG |
3) | Demand, Supply and Equilibrium | READİNG |
4) | Demand, Supply and Equilibriu | READING |
5) | Consumers and Incentives | READING |
6) | Consumers and Incentives | READİNG |
7) | Sellers and Incentive | READİNG |
8) | Midterm | NONE |
9) | Sellers and Incentive | READİNG |
10) | Perfect Competition and the Invisible Hand | READING |
11) | Selected Topics | READING |
12) | Selected Topics | READING |
13) | Markets for Factors of Production | READING |
14) | Monopoly | READING |
15) | Game Theory and Strategic Play | reading |
Course Notes / Textbooks: | Textbook: Acemoglu, D., Laibson, D., & List, J.,(2018). Economics, 2nd Edition, Boston: Pearson Education. |
References: | Recommended References books: Bade, Bade, Parkin & Parkin, Foundations of Economics, Global Edition, 8th Edition | Pearson Mankiw, G., (2018). Principles of Economics, 8th Edition, Boston: CengageLearning. Additional Sources: |
Learning Outcomes | 1 |
2 |
3 |
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Program Outcomes | ||||||||
1) Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | ||||||||
2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | ||||||||
3) Explain the evolution of financial markets and institutions in a historical context and define how they operate. | ||||||||
4) Recognise the basic principles and regulations in the financial sector. | ||||||||
5) Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | ||||||||
6) Recognise, interpret and discuss the current economic issues both at the national and global levels. | ||||||||
7) Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | ||||||||
8) Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | ||||||||
9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | 5 |
2) | Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | 5 |
3) | Explain the evolution of financial markets and institutions in a historical context and define how they operate. | 1 |
4) | Recognise the basic principles and regulations in the financial sector. | 1 |
5) | Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | 1 |
6) | Recognise, interpret and discuss the current economic issues both at the national and global levels. | 3 |
7) | Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | 3 |
8) | Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | 1 |
9) | Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. | 1 |
Expression | |
Individual study and homework | |
Lesson | |
Homework |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Homework | |
Application | |
Observation | |
Individual Project |
Semester Requirements | Number of Activities | Level of Contribution |
Homework Assignments | 1 | % 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 | Workload |
Course Hours | 15 | 45 |
Special Course Internship (Work Placement) | 15 | 45 |
Study Hours Out of Class | 15 | 75 |
Midterms | 1 | 12 |
Final | 1 | 15 |
Total Workload | 192 |