PUBLIC RELATIONS AND PUBLICITY
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
ECO1211 Introduction to Economics I Spring 3 0 3 8
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction: English
Type of course: Non-Departmental Elective
Course Level: Bachelor’s Degree (First Cycle)
Mode of Delivery: Face to face
Course Coordinator : Assoc. Prof. ÇAĞLAR YURTSEVEN
Course Lecturer(s): Prof. Dr. NECİP ÇAKIR
Assoc. Prof. ÇAĞLAR YURTSEVEN
Recommended Optional Program Components: None
Course Objectives: Introduction to Economics-I is an introductory level course that covers topics such as relative scarcity, efficiency and welfare, cost of choices, and market structures. Its primary aim is to develop a basic understanding of economic principles and issues. It develops your economic literacy and teaches you how economics relates to the everyday life of individuals, businesses and society in general.

Learning Outcomes

The students who have succeeded in this course;
1. Use the basic concepts of economics to explain everyday life
2. Explain the behavior of buyers and sellers in the market using basic economic theories
3. Explain the role of government in influencing buyer and seller behavior in the market
4. Explain the role of profits in a market economy
5. Identify firm behaviors in different market structures.

Course Content

The teaching methods of the course are Lecture and Problem Solving.
Basic Elements: Introduction, economic way of thinking, basic tools for trade, the functioning of market economy, behaviour of demand and supply, effect of government on markets, economic surplus and market economy, cost of production and profits, competitive markets and monopoly, imperfect markets

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Orientation
2) Ten Principles of Economics & Thinking Like an Economist MANKIW & TAYLOR 2nd ed., Ch.1, 2 MRU:  1. Introduction    
3) The Market Forces of Supply and Demand MANKIW & TAYLOR 2nd ed., Ch. 4 MRU: 2. Supply, Demand and Equilibrium
4) Elasticity and Its Application MANKIW & TAYLOR 2nd ed., Ch. 5 MRU: 3. Elasticity and Its Application
5) Supply, Demand & Government Policies MANKIW & TAYLOR 2nd ed., Ch. 6 MRU: 4. Taxes and Subsidies AND 6. Price Ceilings and Price Floors     
6) Review
7) Consumers, Producers & the Efficiency of the Markets MANKIW & TAYLOR 2nd ed., Ch. 7 MRU 2:   Supply, Demand and Equilibrium (Subsections Consumer Surplus and Producer Surplus)    
8) Midterm Exam
9) The Costs of Production MANKIW & TAYLOR 2nd ed., Ch.13 MRU 9: Costs and Profit Maximization under Competition
10) Firms in Competitive Markets MANKIW & TAYLOR 2nd ed., Ch.14 MRU 10: Competition and Invisible Hand   
11) Monopoly MANKIW & TAYLOR 2nd ed., Ch. 15 MRU 11: Monopoly
12) Monopolistic Competition MANKIW & TAYLOR 2nd ed., Ch.16
13) Oligopoly & Game Theory MANKIW & TAYLOR 2nd ed., Ch.17
14) Final Review

Sources

Course Notes / Textbooks: • Economics, Gregory MANKIW & Mark P. TAYLOR, Cengage Publishing. (2nd, 3rd or 4th eds.)
References: Marginal Revolution University: https://mru.org/courses/principles-economics-microeconomics/introduction-microeconomics

• The Undercover Economist, Tim HARFORD
• Freakonomics, Steven D. LEVITT & Stephen J. DUBNER
• Naked Economics: Undressing the Dismal Science, Charles WHEELAN

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Midterms 1 % 50
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 13 3 39
Study Hours Out of Class 14 11 154
Midterms 1 1 1
Final 1 2 2
Total Workload 196

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) To prepare the students to become communication professionals by focusing on strategic thinking, professional writing, ethical practice and innovative use of traditional and new media. 2
2) To be able to have the ability to explain and identify problems associated with the relationships between events and facts in the areas of public relations, persuasive communication, communication management, corporate communications. 3
3) To be able to understand how an organizational culture works and how employees and leaders create messages as a communication tool. 3
4) To be able to critically discuss and interpret theories, concepts, methods, tools and ideas in the field of public relations. 2
5) To be able to create effective public relations plans using fundamental planning components that include situation analysis, public profile, objectives, strategies and tactics. 1
6) To be able to analyze primary and secondary research data in the fields of perception and reputation management and corporate communication practices. 1
7) To be able to develop creative and persuasive management skills in terms of reputation, employee relations, leadership and similar corporate practices. 3
8) To be able to explain and describe business marketing activities, economics, business law and global business practices. 3
9) To be able to search, write, and design articles, newsletters, and fliers, brochures, and announcements, in styles and formats appropraite various audiences, mediums and settings. 2
10) To be able to to use information, communication technologies and computer software with the required level of public relations, marketing communication, persuasive communication, communication management, corporate communications. 3
11) To be able to recognize national and international, social and cultural dimensions of public relations. 3
12) To be able to apply theoretical concepts related to mass communication, consumer behavior, psychology, persuasion,sociology, marketing, and other related fields to understand how public realtions works. 3
13) To be able to apply the underlying theories of communication and the necessities of work safety to different types of public relations processes and campaigns. 1
14) To be able to take responsibility in an individual capacity or as a team in generating solutions to given scenarios which can occur in public relations processes. 3