Ders Planı

ISTANBUL AYDIN UNIVERSITY

CLASS 3

CLASS 4

Lesson plan / INTRODUCTION TO ECONOMICS

Lesson Information

Course Credit	3.0
Course ECTS Credit	4.0
Teaching Language of Instruction	Türkçe
Level of Course	Associate's Degree, TYYÇ: Level 5, EQF-LLL: Level 5, QF-EHEA: Short Cycle
Type of Course	Compulsory
Mode of Delivery	Face-to-face
Does the course require compulsory or optional work experience?	Z
Course Coordinator
Instructor (s)	Instructor OVAIS VOHRA
Course Assistant

Purpose and Content

The aim of the course	The objective of the Introduction to Economics course is to introduce students to the fundamental concepts of economics and help them understand economic processes. The course aims to equip students with the basic theories and analytical skills necessary for understanding both micro and macroeconomic issues.
Course Content	The content of the course covers fundamental economic principles, including demand and supply, market equilibrium, income distribution, economic growth, unemployment, inflation, and fiscal policy. It also establishes the connections between microeconomics and macroeconomics, providing students with the ability to analyze economic phenomena effectively.

Learning Outcomes

Possesses fundamental, up-to-date, and practical knowledge related to their field.
Demonstrates awareness of occupational health and safety, environmental responsibility, and quality assurance processes.
Identifies and explains core management concepts, functions, and major managerial approaches
Explains key business processes in areas such as marketing, human resources, accounting, finance, management, and production.
Integrates knowledge from related disciplines such as economics, behavioral sciences, sociology, psychology, and law within the context of the field.
Follows current developments and practices in the profession and applies them effectively.
Effectively utilizes information technologies (such as software, programs, animation, etc.) relevant to the profession.
Demonstrates the ability to independently evaluate professional problems and issues using an analytical and critical approach and offer appropriate solutions.
Communicates ideas effectively and clearly through both written and oral means, in line with acquired knowledge and skills.
Takes responsibility as a team member in solving complex and unforeseen problems encountered in field-related practices.
Demonstrates awareness of career management and lifelong learning.
Acts in accordance with social, scientific, cultural, and ethical values during the collection, implementation, and dissemination of field-related data.
Follows field-related knowledge and communicates with colleagues by using a foreign language.

Weekly Course Subjects

1	Introduction to Economics: Definition, methods, micro vs. macro
2	Scarcity, Needs, and Opportunity Cost: Basic economic problems and choices
3	Demand and Supply: Market equilibrium, movements vs. shifts
4	Demand and Supply: Market equilibrium, movements vs. shifts
5	Elasticity Price elasticity of demand/supply, income elasticity
6	Market Structures: Perfect competition, monopoly, oligopoly
7	Role of Government: Taxes, subsidies, price controls
8	National Income and GDP: Measuring GDP, real vs. nominal values
9	National Income and GDP: Measuring GDP, real vs. nominal values
10	The economics of Labor Markets; the markets for the factors o production, income inequalities and poverty
11	Inflation and Deflation: Causes, consequences, price indices
12	Unemployment: Types, causes, and natural rate of unemployment
13	Monetary Policy : Central banks, interest rates, money supply
14	Globalization and Current Economic Issues: Real-world applications and wrap-up

Resources

Principles of Economics, Gregory Mankiw, 3th edition