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 basic, theoretical and practical information about logistics management. |
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1.1 Defines the purchasing and procurement processes. |
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1.2 Lists warehouse operation procedures, order management, material handling, packaging and labelling processes. |
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1.3 Lists the requirements of inventory management. |
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1.4 Explains the operational processes of all types of transport and intermodal transport. |
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1.5 Matches effectively the current information and communication technologies required by logistics management. |
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1.6 Recalls both national and international legislation and regulations related to logistics area. |
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1.7 Explains the occupational health and safety, environmental protection, quality and continuous improvement procedures which are deemed necessary in the field of logistics. |
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2) |
Interprets the supply chain management philosophy. |
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2.1 Lists the duties and responsibilities of all parties along the supply chain. |
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2.2 Indicates the importance of information sharing and trust in the supply chain. |
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2.3 Associates all logistics activities within the framework of cooperation in supply chain management. |
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2.4 Explains sustainable supply chain management. |
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3) |
Explains the basic and theoretical knowledge required by national and international business and trade.
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5 |
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3.1 Interpret the knowledge of the country and the world economy. |
5 |
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3.2 Explains the basic business functions and business processes. |
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3.3 Recall the basic information about customs procedures. |
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3.4 Explains the processes related to foreign trade (INCOTERMS and payment methods, etc.). |
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4) |
Applies the theoretical knowledge learned in business life for a semester.
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3 |
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4.1 Experiences all processes in business life. |
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4.2 Takes part in activities related to the field of education in a business operating in the field. |
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4.3 Questions the application with theoretical knowledge. |
3 |
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4.4 Compiles the knowledge and experience gained in the field. |
3 |
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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 |
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5.1 Acquires competency of analyzing and solving the problems. |
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5.2 Has awareness for ethical and social responsibility. |
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5.3 Takes responsibility as a team member in works and operations of his/her field. |
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5.4 Is aware of written, verbal communication and interaction.
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5.5 Follows the developments of advanced technology and digital transformation. |
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5.6 Acquires the awareness for lifelong learning. |
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5.7 Has awareness about citizenship competency. |
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5.8 Evaluates the developments of his/her field with the understanding of an entrepreneur. |
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5.9 Acquires communication in a Foreign Language (English) competence defined on the level of at least A2 in European Language Portfolio. (In programs whose medium of instruction is English, on the level of B1). |
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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 |
ECTS Information Package / Course Catalogue