SECTION I: GENERAL INFORMATION ABOUT THE COURSE

Course Code	Course Name	Year	Semester	Theoretical	Practical	Credit	ECTS
50311TATOZ-EKO3011	Economics	1	Fall	2	0	2	3

Course Type :	Compulsory
Cycle:	Associate TQF-HE:5. Master`s Degree QF-EHEA:Short Cycle EQF-LLL:5. Master`s Degree
Language of Instruction:	Turkish
Prerequisities and Co-requisities:	N/A
Mode of Delivery:	Face to face
Name of Coordinator:	Instructor SALİHA UYAK ÇELİK
Dersin Öğretim Eleman(lar)ı:
Dersin Kategorisi:	Field Specific

SECTION II: INTRODUCTION TO THE COURSE

Course Objectives & Content

Course Objectives:	This course aims at equipping the students with: an understanding of the economic behaviour of the real and artificial persons (micro) and the laws of motion of the national economy (macro) as well as the economic literacy skill that will enable them to analyse the current economic developments from a management point of view.
Course Content:	This course teaches the students how to develop ideas on current economic developments and provides them with the necessary skills to obtain information, gather and interpret economic data and develop expectations accordingly

Course Learning Outcomes (CLOs)

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:



Knowledge *(Described as Theoritical and/or Factual Knowledge.)*
1) Explains the concept of economics and the mechanics of economic systems
2) Knows the actors in the economy and the relations between these actors
3) Knows the sectors in the economy; explains the relations and differences between these sectors
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.
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.
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.
7) Knows the mechanics of trade and its place in the national economy; explains the relation between exchange rate policy and international trade.
Skills *(Describe as Cognitive and/or Practical Skills.)*
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
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.
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.)*
1) Students taking this course gain the ability to show what they have learned by preparing a presentation on topics related to general economics.

Weekly Course Schedule

Week	Subject	Materials Sharing *
		Related Preparation	Further Study
1)	An overview of acquaintance, general information, the concept of economics, needs, goods and services, and utility.	Related chapter of General Economics - Lecture notes
2)	The concept of demand, Demand Schedule and Curve, Individual Demand and Market Demand, the Law of Demand and its Exceptions.	Related chapter of General Economics - Lecture notes
3)	Price Elasticity of Demand, Demand Curves, Factors Influencing Price Elasticity of Demand, Changes in Demand.	Related chapter of General Economics - Lecture notes
4)	The concept of supply, Supply Curve and Schedule, the Law of Supply and its Exceptions, Supply Elasticity, and Supply Shift.	Related chapter of General Economics - Lecture notes
5)	The Concept of Market, Perfect Competition Market, the Impact of Supply and Demand Changes on Market Prices.	Related chapter of General Economics - Lecture notes
6)	State Intervention in Agricultural Product Prices, Measurability of Utility.	Related chapter of General Economics - Lecture notes
7)	MIDTERM	-
8)	The Concept of Cost, Short-Run Cost Analysis, Long-Run Cost Analysis.	Related chapter of General Economics - Lecture notes
9)	Conditions of Perfect Competition Market, Revenue.	Related chapter of General Economics - Lecture notes
10)	Imperfect Competition Markets, Monopoly Markets.	Related chapter of General Economics - Lecture notes
11)	Price Discrimination in Monopoly Markets, Critique of Monopoly Markets.	Related chapter of General Economics - Lecture notes
12)	Monopsony and Bilateral Monopoly Markets, Monopolistic Competition Market, Oligopoly Market.	Related chapter of General Economics - Lecture notes
13)	The History of Economics, Its Origins and Development, Mercantilism, Physiocrats, Classical Economists, Keynesians, Socialism, and Marxism.	Related chapter of General Economics - Lecture notes
14)	Labor and Wages, Land and Rent, Capital and Interest, Entrepreneurship and Profit, Inflation, Employment and Unemployment.	Related chapter of General Economics - Lecture notes

*These fields provides students with course materials for their pre- and further study before and after the course delivered.

Level of Contribution of the Course to PLOs

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Programme Learning Outcomes	Contribution Level (from 1 to 5)
1)	To demonstrate the ability to analyze and explain the fundamental concepts, theoretical frameworks, and legal regulations pertaining to the field of e-commerce and marketing.
2)	To possess up-to-date knowledge of the digital commerce ecosystem, consumer behavior, and marketing strategies.
3)	To demonstrate the ability to identify challenges within digital marketing, logistics, and foreign trade processes, and to propose fundamental solutions accordingly.
4)	To demonstrate the ability to formulate marketing strategies through the application of data analysis, search engine optimization (SEO), search engine marketing (SEM), and e-commerce software platforms.
5)	To demonstrate the ability to integrate business management, accounting, and foreign trade knowledge into digital trade operations and processes.
6)	To be able to effectively manage operations such as product, customer, and order management on e-commerce platforms.
7)	To be able to follow digital transformation and technology trends with an awareness of lifelong learning.
8)	To demonstrate the ability to critically assess advancements in the field and effectively integrate acquired knowledge into organizational and business processes.
9)	To be able to work effectively within a team and take responsibility.
10)	To be able to effectively use written and verbal communication skills in the workplace and prepare professional presentations for senior management.
11)	To be able to create content targeted at the audience on social media and digital platforms, and manage digital brand communication at a basic level.

SECTION IV: TEACHING-LEARNING & ASSESMENT-EVALUATION METHODS OF THE COURSE

Teaching & Learning Methods of the Course

(All teaching and learning methods used at the university are managed systematically. Upon proposals of the programme units, they are assessed by the relevant academic boards and, if found appropriate, they are included among the university list. Programmes, then, choose the appropriate methods in line with their programme design from this list. Likewise, appropriate methods to be used for the course units can be chosen among those defined for the programme.)

Teaching and Learning Methods defined at the Programme Level	Teaching and Learning Methods Defined for the Course
Lectures
Problem Solving
Reading
Homework
Questions Answers
Individual and Group Work

Assessment & Evaluation Methods of the Course

(All assessment and evaluation methods used at the university are managed systematically. Upon proposals of the programme units, they are assessed by the relevant academic boards and, if found appropriate, they are included among the university list. Programmes, then, choose the appropriate methods in line with their programme design from this list. Likewise, appropriate methods to be used for the course units can be chosen among those defined for the programme.)

Aassessment and evaluation Methods defined at the Programme Level	Assessment and Evaluation Methods defined for the Course
Midterm

Contribution of Assesment & Evalution Activities to Final Grade of the Course

Measurement and Evaluation Methods	# of practice per semester	Level of Contribution
Quizzes	2	% 10.00
Midterms	1	% 40.00
Semester Final Exam	1	% 50.00
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
Total		% 100

SECTION V: WORKLOAD & ECTS CREDITS ALLOCATED FOR THE COURSE

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	-	-	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	-	-	20
TOTAL WORKLOAD (Teaching & Learning + Assesment & Evaluation Activities)			76
ECTS CREDITS OF THE COURSE (Total Workload/25.5 h)			3