FOREIGN TRADE (TURKISH)
Associate	TR-NQF-HE: Level 5	QF-EHEA: Short Cycle	EQF-LLL: Level 5

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
IST1005	Introduction to Economics	Fall	2	0	2	4

Basic information

Language of instruction:	Turkish
Type of course:	Must Course
Course Level:	Associate (Short Cycle)
Mode of Delivery:	Face to face
Course Coordinator :	Dr. Öğr. Üyesi MEHMET SITKI SAYGILI
Course Lecturer(s):	Dr. Öğr. Üyesi MEHMET SITKI SAYGILI Instructor AYBİKE ELİF BOLCAN
Recommended Optional Program Components:	There aren't any optional program components.
Course Objectives:	Comprehension of economic life, being understood of economic concepts used in actual life and learning of rationality in economic decision processes. Getting general knowledge about Gross National Product, Money, International Economic Activities, Economic Growth, Economic Thought and Systems

Learning Outcomes

The students who have succeeded in this course;
1) Define the basic concepts and principles, which are required for economic analysis.
2) Define and interpret the demand and supply functions and the determinants of them.
3) Demonstrate the main effects of the changes in the demand and supply curves in order to analyse the market equilibrium.
4) Analyse the concept of elasticity, its measurement and economic effects.
5) Make analyses by using the approaches of marginal utility approach and indifference curves in order to demonstrate how the consumer equilibrium is achieved.
6) Analyse the concepts of marginal, average and total cost and the relations among them for achieving the firm equilibrium.
7) Interpret the differences between perfect competition and monopoly for classifying the markets.
8) Explain and measure national income, unemployment, inflation and growth.
9) Analyse the emergence and change of the national income equilibrium by the help of diagrams.
10) Explain the concept of multiplier, its measurement, features and limits while the expense items change.
11) Debate the concept of money, its functions, types and systems.
12) Analyse the money demand and supply by way of the equlilibrium of the money market.
13) Analyse the models of AS and AD.
14) Analyse income distribution
15) Define the basic concepts of growth and international economics .

Course Content

In this course; economic life, economic activity, actors of economic activity, behaviour forms of these actors, utility and profit maximization, formation of national income , Money and Its functions, economic growth and economic systems will be taught at initial level

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	To analysis at collected level the economic life,general concepts, economic activity and its actors, scarcity law, behavior of homoeconomicus,	Students will be directed to do some preparation about the forthcoming subjects one week before.
2)	Market, demand and elements affecting demand,Supply and elemets affecting supply, market equilibrium, changes in market balance	Students will be directed to do some preparation about the forthcoming subjects one week before.
3)	Elasticity, supply and demand elasticities, calculation forms and Its comments	Students will be directed to do some preparation about the forthcoming subjects one week before.
4)	Market Analyses: Taxes, Subsidies, Price Flooring and Price Ceilings	Students will be directed to do some preparation about the forthcoming subjects one week before
5)	Consumers Optimal Choice: Utility analysis, indifference curves, and budget line, determination of consumer balance	Students will be directed to do some preparation about the forthcoming subjects one week before.
6)	Production theory: law of diminishing returns, isoquant curve, cost line, determination of long run production cost	Students will be directed to do some preparation about the forthcoming subjects one week before.
7)	Markets: Perfect Competition and Imperfect Competition.	Students will be directed to do some preparation about the forthcoming subjects one week before.
8)	Markets: Perfect Competition and Imperfect Competition.	Students will be directed to do some preparation about the forthcoming subjects one week before.
9)	Macroeconomics: GDP, Growth, Unemployment and Inflation calculations and their implications	Students will be directed to do some preparation about the forthcoming subjects one week before.
10)	Keynesian Macroeconomics: GDP Multiplier	Students will be directed to do some preparation about the forthcoming subjects one week before.
11)	Fiscal Policy in Open and Closed Economies	Students will be directed to do some preparation about the forthcoming subjects one week before.
12)	Money , Banking System, Monetary Theory and Policy	Students will be directed to do some preparation about the forthcoming subjects one week before.
13)	AS-AD Analysis	Students will be directed to do some preparation about the forthcoming subjects one week before.
14)	International Economics: Trade Theory and Policy	Students will be directed to do some preparation about the forthcoming subjects one week before.

Sources

Course Notes / Textbooks:	Ders notları bulunmamaktadır (There aren't any course notes)
References:	Ersan BOCUTOĞLU, Metin BERBER, Genel İktisada Giriş, Ekin Kitabevi Yayınları

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Attendance	10	% 5
Quizzes	1	% 5
Homework Assignments	1	% 5
Midterms	1	% 35
Final	1	% 50
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	14	2	28
Study Hours Out of Class	14	3	42
Homework Assignments	1	10	10
Quizzes	1	10	10
Midterms	1	1	1
Final	1	1	1
Total Workload			92

Contribution of Learning Outcomes to Programme Outcomes

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

	Program Outcomes	Level of Contribution
1)	He/she comprehends the main theories and terminology of International Trade.
2)	He/she comprehends the custom operations.
3)	He/she applies international finance and accounting knowledge to business life.
4)	He/she has skills of using computer and software.
5)	He/she analyses Turkey and EU foreign trade structure.
6)	He/she brings in the basic reason of international marketing.
7)	He/she consults basic law rules and legislation which built the legal frame of foreign trade.
8)	He/she evaluates and analyses risks which foreign trade companies may meet.
9)	He/she comprehends the international logistics and transportation.
10)	He/she has the qualification and eligibility to work on international platform.
11)	He/she uses efficient oral and written communication skills.
12)	He/she follows and applies the national and international actual and the economic developments about foreign trade.
13)	He/she has vocational ethical value that market needs in qualified staff, can use Turkish effectively in writing and speaking communication; have proficiency in foreign language knowledge to making international correspond.