Course Learning Outcomes (CLOs) are those describing the knowledge, skills and competencies that students are expected to achieve upon successful completion of the course. In this context, Course Learning Outcomes defined for this course unit are as follows:
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Knowledge
(Described as Theoritical and/or Factual Knowledge.)
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1) Explains the concept of economics and the mechanics of economic systems
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2) Knows the actors in the economy and the relations between these actors
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3) Knows the sectors in the economy; explains the relations and differences between these sectors
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4) Knows the definition and mechanics of the three basic economics activities: production, trade and finance. Explains the economic relations between these spheres in the economy.
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5) Knows the mechanics of the financial system and its two particular areas: banks and stock markets. Explains the position and importance of these in the economy.
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6) Knows the role of the state in national economy. Knows the politics concerning state expenditures and state income in accordance to the role of the state in national economy. Knows the different approaches to the state by different economic schools and discusses the pros, cons and validities of these differences.
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7) Knows the mechanics of trade and its place in the national economy; explains the relation between exchange rate policy and international trade.
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Skills
(Describe as Cognitive and/or Practical Skills.)
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1) Knows the concepts of national income, economic growth, inflation, consumption, savings, investment and employment in the national economy; makes the calculation of these indicators
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2) Knows how to follow up on the economic developments in the media; knows how to seperate facts from interpretations and points of view. Re-interprets the facts obtained from economics news.
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Competences
(Described as "Ability of the learner to apply knowledge and skills autonomously with responsibility", "Learning to learn"," Communication and social" and "Field specific" competences.)
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1) Students taking this course gain the ability to show what they have learned by preparing a presentation on topics related to general economics.
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Week |
Subject |
Materials Sharing * |
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Related Preparation |
Further Study |
1) |
Getting acquainted, general information, concept of "economics", general overview of the economic history of mankind |
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2) |
Production and the relations of production as the basis of economy, historical and current economic systems |
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3) |
Workings of market economy, supply and demand, rates of profit, competition and monopolization |
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4) |
Labor market as a special form of market, labor supply and demand, employment and unemployment, employment and unemployment in Turkish economy |
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5) |
Concept of "sector", the diffference between real sector and service sector, the sector map of Turkish economy |
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6) |
Examination of the logistics sector |
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7) |
The relation between production and consumption, the social organization of production and consumption |
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8) |
MIDTERM |
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9) |
National income and its calculation, economic growth, income groups and the distribution of national income, national income level of Turkey and its ranking in the world |
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10) |
The place and importance of finance sector in the economy, basic financial instruments, banks, stock markets |
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11) |
The financing of production and consumption, types of credit: personal credit and corporate credit, non-credit financing, contractions in financing systems and economic crisis, the analysis of the indebtedness of different social classes in Turkey |
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12) |
The role and place of the state in the economy, state income and its politics, state expenditures and their politics, state borrowing, Central Bank |
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13) |
International economic relations, the place of external trade in the economy, balance of payments and current account deficit, exchange rate and the impact of exchange rate policy on external trade, the current situation of the external accounts of Turkey |
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14) |
Media literacy in economics, analysis of economic newspaper articles and opinion pieces |
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(KPLOs and SPLOs are the abbreviations for Key & Sub- Programme Learning Outcomes, respectively. )
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Programme Learning Outcomes |
Contribution Level (from 1 to 5) |
1) |
Explains the basic, theoretical and practical knowledge of Logistics and Supply Chain Management |
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1.1 Outlines the basic information about supply and procurement processes |
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1.2 Lists warehouse business processes, order management, material handling, packaging and labeling transactions |
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1.3 Lists the requirements of inventory management |
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1.4 Remembers basic information about transport types |
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1.5 Effectively matches the current information and communication technologies required by logistics management |
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1.6 Recalls the national and international legislation and regulations related to the field of logistics |
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1.7 Explains the necessary occupational health and safety, environmental protection, quality and continuous improvement procedures related to logistics |
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1.8 Lists the duties and responsibilities of all parties throughout the supply chain |
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1.9 Evaluates the importance of information sharing and trust in the supply chain |
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1.10 Associates all logistics activities within supply chain management |
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1.11 Explains sustainable supply chain management |
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2) |
Explains the basic, theoretical and practical information about aviation |
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2.1 Explains the legislation and regulations related to aviation |
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2.2 Knows the aviation technology and equipment and matches the related processes |
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2.3 Defines Ground Services and Ticket Sales and Check-in transactions |
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2.4 Explains the necessary occupational health and safety, environmental protection, quality and continuous improvement procedures related to aviation |
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3) |
Explains the basic and theoretical knowledge required by national and international business and trade |
5 |
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3.1 Interprets information about country and world economy |
5 |
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3.2 Explains the basic business functions and processes |
5 |
4) |
Applies the theoretical knowledge learned in business life for a semester. |
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4.1 Experiences all processes in business life |
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4.2 Compares theoretical knowledge and application |
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4.3 Compiles the knowledge and experience gained in the field. |
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5) |
Acquires the competencies defined as the institutional outcomes of Beykoz University on the basic level, inline with the expectations of business world and the society. |
2 |
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5.1 Improves competency in doing business, problem solving and conflict management |
2 |
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5.2 Gains leadership and teamwork competence |
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5.3 Develops ethical and social responsibility competence |
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5.4 Improves the competence of written and oral communication and interaction |
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5.5 Gains competence of critical thinking, creative and innovative thinking |
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5.6 Gains competence to develop strategic and entrepreneurial understanding |
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5.7 Gains the ability to take responsibility and make independent decisions |
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5.8 Gains the ability to manage change |
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5.9 Demonstrate competence in Learning to Learn, Personal and Social Development |
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5.10 Gains competence to develop Global Perspective |
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5.11 Improves the competency of technology usage and digital competence |
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5.12 Develops cultural awareness and competence of expression |
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5.13 Gains Social and Citizenship Competence |
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5.14 To be able to communicate in a Foreign Language (English) defined at least at the A2 level of the European Language Portfolio |
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WORKLOAD OF TEACHING & LEARNING ACTIVITIES |
Teaching & Learning Activities |
# of Activities per semester |
Duration (hour) |
Total Workload |
Course |
14 |
2 |
28 |
Laboratory |
0 |
0 |
0 |
Application |
0 |
0 |
0 |
Special Course Internship (Work Placement) |
0 |
0 |
0 |
Field Work |
0 |
0 |
0 |
Study Hours Out of Class |
14 |
2 |
28 |
Presentations / Seminar |
0 |
0 |
0 |
Project |
0 |
0 |
0 |
Homework Assignments |
0 |
0 |
0 |
Total Workload of Teaching & Learning Activities |
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56 |
WORKLOAD OF ASSESMENT & EVALUATION ACTIVITIES |
Assesment & Evaluation Activities |
# of Activities per semester |
Duration (hour) |
Total Workload |
Quizzes |
2 |
4 |
8 |
Midterms |
1 |
4 |
4 |
Semester Final Exam |
1 |
8 |
8 |
Total Workload of Assesment & Evaluation Activities |
- |
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20 |
TOTAL WORKLOAD (Teaching & Learning + Assesment & Evaluation Activities) |
76 |
ECTS CREDITS OF THE COURSE (Total Workload/25.5 h) |
3 |