TR
11111

COURSE INTRODUCTION AND APPLICATION INFORMATION

dm.ieu.edu.tr

Course Name
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
Spring
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 express what economists mean by the concept of scarcity.
  • Will be able to define basic economic concepts such as opportunity cost, elasticity, economic profit and marginal analysis.
  • Will be able to identify the determinants of demand and supply.
  • Will be able to predict a 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 analyze firm behavior under perfect competition.
  • Will be able to measure key macroeconomic variables.
  • Will be able to find out basic relationships between the variables such as national income, unemployment, budget deficit, money supply, interest rate, inflation rate, exchange rate, and trade deficit.
Course Description

 



Course Category

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

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 What is Economics? Parkin, Powel, Matthews; Essential Economics, Chapter 1 (Pearson Education Limited, European edition)
2 The Economic Problem Parkin, Powel, Matthews; Essential Economics, Chapter 2 (Pearson Education Limited, European edition)
3 Demand and Supply Parkin, Powel, Matthews; Essential Economics, Chapter 3 (Pearson Education Limited, European edition)
4 Demand and Supply Parkin, Powel, Matthews; Essential Economics, Chapter 3 (Pearson Education Limited, European edition)
5 Output and Costs Parkin, Powel, Matthews; Essential Economics, Chapter 6 (Pearson Education Limited, European edition)
6 Competitive Markets Parkin, Powel, Matthews; Essential Economics, Chapter 7 (Pearson Education Limited, European edition)
7 Review
8 Mid-term 1
9 Real GDP Parkin, Powel, Matthews; Essential Economics, Chapter 10 (Pearson Education Limited, European edition)
10 Monitoring Jobs and Inflation Parkin, Powel, Matthews; Essential Economics, Chapter 11 (Pearson Education Limited, European edition)
11 Financial Markets Parkin, Powel, Matthews; Essential Economics, Chapter 12 (Pearson Education Limited, European edition)
12 Financial Markets Parkin, Powel, Matthews; Essential Economics, Chapter 12 (Pearson Education Limited, European edition)
13 Money and Banking Parkin, Powel, Matthews; Essential Economics, Chapter 13 (Pearson Education Limited, European edition)
14 Growth, Inflation and Cycles Parkin, Powel, Matthews; Essential Economics, Chapter 15 (Pearson Education Limited, European edition)
15 Review
16 Review of the Semester  
Course Notes/Textbooks Parkin, Powel, Matthews; Essential Economics with MyEconLab Student Access Card, Pearson Education Limited 2012, European edition. 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 will 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. NOTE: Students who took this course and failed in 2010-2011 academic year do not have to buy the book. MyEconLab Student Access Cards will be provided to these students, if they consult to the teaching assistant of the course.
Suggested Readings/Materials By going to the following link http://eco.ieu.edu.tr/en/econ100principleseconomics you will find a file containing detailed information on how to register to MyEconLab.

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
16
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
6
20
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterm
1
35
Final Exam
1
35
Total

Weighting of Semester Activities on the Final Grade
23
65
Weighting of End-of-Semester Activities on the Final Grade
1
35
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
2
Field Work
 
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
6
3
Presentation / Jury
 
 
Project
 
Seminar / Workshop
Oral Exam
Midterms
1
16
Final Exams
1
16
    Total
128

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
 Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1 To have a grasp of basic mathematics, applied mathematics and theories and applications of statistics.
2 To be able to use theoretical and applied knowledge acquired in the advanced fields of mathematics and statistics,
3 To be able to define and analyze problems and to find solutions based on scientific methods,
4 To be able to apply mathematics and statistics in real life with interdisciplinary approach and to discover their potentials, X
5 To be able to acquire necessary information and to make modeling in any field that mathematics is used and to improve herself/himself, X
6 To be able to criticize and renew her/his own models and solutions, X
7 To be able to tell theoretical and technical information easily to both experts in detail and nonexperts in basic and comprehensible way, X
8

To be able to use international resources in English and in a second foreign language from the European Language Portfolio (at the level of B1) effectively and to keep knowledge up-to-date, to communicate comfortably with colleagues from Turkey and other countries, to follow periodic literature,
9

To be familiar with computer programs used in the fields of mathematics and statistics and to be able to use at least one of them effectively at the European Computer Driving Licence Advanced Level,
10

To be able to behave in accordance with social, scientific and ethical values in each step of the projects involved and to be able to introduce and apply projects in terms of civic engagement,
11 To be able to evaluate all processes effectively and to have enough awareness about quality management by being conscious and having intellectual background in the universal sense,
12

By having a way of abstract thinking, to be able to connect concrete events and to transfer solutions, to be able to design experiments, collect data, and analyze results by scientific methods and to interfere,
13

To be able to continue lifelong learning by renewing the knowledge, the abilities and the compentencies which have been developed during the program, and being conscious about lifelong learning,
14

To be able to adapt and transfer the knowledge gained in the areas of mathematics and statistics to the level of secondary school,
15

To be able to conduct a research either as an individual or as a team member, and to be effective in each related step of the project, to take role in the decision process, to plan and manage the project by using time effectively.

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

 

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