11111

COURSE INTRODUCTION AND APPLICATION INFORMATION


dlm.ieu.edu.tr

Course Name
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
Fall
Prerequisites
None
Course Language
Course Type
Required
Course Level
-
Mode of Delivery -
Teaching Methods and Techniques of the Course
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives
Learning Outcomes The students who succeeded in this course;
  • Will be able to define basic economic concepts such as scarcity, opportunity cost, elasticity, economic profit and marginal analysis.
  • Will be able to explain the determinants of demand and supply.
  • Will be able to show the change in market outcomes given a change in supply or demand.
  • Will be able to explain the concept of market equilibrium.
  • Will be able to present differences between perfect and imperfect competition.
  • Will be able to compare economic theories of consumer and producer behaviour.
  • Will be able to explain how the pursuit of profit leads to efficient outcomes.
  • Will be able to explain the basic concepts of production, profit, and costs.
Course Description

 



Course Category

Core Courses
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 The Scope and Method of Economics Case, Fair & Oster; Principles of Economics, Chapter 1 (Pearson Education International, 10th edition)
2 The Economic Problem: Scarcity and Choice Case, Fair & Oster; Principles of Economics, Chapter 2 (Pearson Education International, 10th edition)
3 Demand, Supply, and Market Equilibrium Case, Fair & Oster; Principles of Economics, Chapter 3 (Pearson Education International, 10th edition)
4 Holiday
5 Demand and Supply Applications and Elasticity Case, Fair & Oster; Principles of Economics, Chapters 4&5 (Pearson Education International, 10th edition)
6 Household Behavior and Consumer Choice Case, Fair & Oster; Principles of Economics, Chapter 6 (Pearson Education International, 10th edition)
7 First midterm exam 08.11.2013
8 The Production Process: The Behavior of ProfitMaximizing Firms Case, Fair & Oster; Principles of Economics, Chapter 7 (Pearson Education International, 10th edition)
9 Short–Run Costs and Output Decisions Case, Fair & Oster; Principles of Economics, Chapter 8 (Pearson Education International, 10th edition)
10 Long–Run Costs and Output Decisions Case, Fair & Oster; Principles of Economics, Chapter 9 (Pearson Education International, 10th edition)
11 Input demand Case, Fair & Oster; Principles of Economics, Chapter 10 & 11 (Pearson Education International, 10th edition
12 Second midterm exam 13.12.2013
13 General Equilibrium and the Efficiency of Perfect Competition Case, Fair & Oster; Principles of Economics, Chapter 12 (Pearson Education International, 10th edition)
14 Imperpect competition Case, Fair & Oster; Principles of Economics, Chapter 13,14 & 15 (Pearson Education International, 10th edition)
15 Externalities, Public goods, Social Choice Case, Fair & Oster; Principles of Economics, Chapter 16 (Pearson Education International, 10th edition)
16 Review of the semester
Course Notes/Textbooks Case, Karl; Fair, Ray; and Oster, Sharon; Principles of Economics with MyEconLab Student Access Card, Pearson – Prentice Hall, 10th edition, 2012. Students MUST buy the book. Assignments which make up 20% of your final grade and the problem sets that will be used in the recitations will be given through the online system of the book called MyEconLab. The assignments will be graded in the system itself and your instructors are going to see your grades online. HENCE EVERY STUDENT MUST BUY THE BOOK TO BE ABLE TO REGISTER TO THIS SYSTEM BY USING THE ACCESS CODE THAT COMES WITH THE BOOK.
Suggested Readings/Materials By going to the following link http://eco.ieu.edu.tr/en/econ101principlesmicroeconomics you will find a file containing detailed information on how to register to MyEconLab.

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
15
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
8
20
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterm
2
40
Final Exam
1
30
Total

Weighting of Semester Activities on the Final Grade
25
70
Weighting of End-of-Semester Activities on the Final Grade
1
30
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
 
Study Hours Out of Class
15
3
Field Work
 
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
8
2.5
Presentation / Jury
 
 
Project
 
Seminar / Workshop
Oral Exam
Midterms
2
14
Final Exams
1
12
    Total
153

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1 Be able to analyze complex problems and bring a multidimensional perspective to problems by creating a synthesis of ideas with the practical education they are taking in the field of logistics and supply chain and realize the improvable areas by the help of their independent thinking abilities and have the ability to provide opportunities with innovative processes X
2

Know the sector well by working in projects together with industry partners to solve real life problems and to support social responsibility activities and be able to identify and solve the problems with the help of their experience in project management and teamwork 

X
3 Be able to find creative solutions to the problems they face in the academic or professional areas while considering the goals and the constraints in logistics and supply chain operations with the help of their interdisciplinary education X
4

Be able to take place in the sector related communications networks, follow up the changes and improve themselves accordingly when necessary in order to keep their personal and professional competencies within their business sector

X
5

Have information about the sector related market leaders, professional organizations and their positions in the sector

6 Be able to use the current and widely used software, information and communication technologies in the fields of logistics management and supply chain and identify the strengths and weaknesses of these
7 Be able to prevent the problems that may evoke from communication issues of the groups they take part in by taking proactive decisions
8 Be able to foresee the unexpected problems and uncertainties in the processes and manage these with flexible, effective and quick solutions;
9 Have the necessary skills to understand the coordination mechanisms and undertake part in the integration between the departments and members of the supply chain;
10 Be able to analyze the logistics and supply chain management processes using management science perspective and analytical approaches, analyze relevant concepts and ideas with scientific methods, interpret and evaluate the data
11 Be able to use the theoretical methods related to design, planning and decisionmaking within the scope of logistics activities in the application areas X
12 Be able to interpret and evaluate the classical and contemporary theories in the field of logistics and supply chain considering the developments, changes and trends in the sector
13 To be able to speak a second foreign at a medium level of fluency efficiently X

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 

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