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Week |
Subject |
Related Preparation |
| 1) |
Ten Principles of Economics: Trade-offs, Costs, Rationality, Opportunity Cost, Market Economies, Government Interventions, Inflation |
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| 2) |
Thinking like an Economist: Economics as a Science, Assumptions and Models, Micro and Macroeconomics, Positive and Normative Analysis. |
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| 3) |
Interdependence and Gains From Trade: Production Possibilities, Absolute And Comparative Advantages |
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| 4) |
The Market Forces of Demand and Supply: The Nature of a Competitive Market, Individual and Market Demand, Individual and Market Supply, Equilibrium and Changes in Equilibrium |
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| 5) |
Elasticity and its Applications: Price Elasticity of Demand and its Computation, Total Revenue and Elasticity of Demand, Price Elasticity of Supply and its Computation |
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| 6) |
Supply, Demand and Government Policy: Price Controls, Price Floors & Ceilings, Taxes |
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| 7) |
Review |
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| 8) |
Consumers, Producers and the Efficiency : Consumer & Producer Surplus, Market Efficiency |
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| 9) |
The Costs of Taxation: The Deadweight Loss of Taxation, the Determinants of the Deadweight Loss, Tax Revenue, Laffer Curve |
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| 10) |
International Trade: The Determinants of Trade, Effects of Tariff and Quota |
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| 11) |
Externalities & Public Goods: Externality, Internalizing Externality, Transaction Costs, Public Goods, Private Goods, Common Resources, Free Rider |
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| 12) |
The Costs of Production: Total Revenue, Total Cost and Profit, Production Function, Fixed and Variable Costs, Average and Marginal Costs, Cost Curves, Costs in the Short Run and in the Long Run |
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| 13) |
Firms in Competitive Markets: Profit Maximization & the Competitive Firm’s Supply |
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| 14) |
Monopoly: Monopolies’ Production and Pricing Decisions, Profit Maximization, Monopolies’ Profit, Welfare Cost of Monopoly, Public Policy Toward Monopolies, Price Discrimination, Oligopoly: Game Theory and the Economics of Cooperation, Public Policy Toward Oligopolies |
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Program Outcomes |
Level of Contribution |
| 1) |
Has theoretical and practical knowledge on management, business, trade, economy, entrepreneurship, innovation, sustainable development related to International Trade and Business and can use this information |
4 |
| 2) |
Can collect data from different sources in the global business world and successfully apply research techniques, use information and communication technologies. |
2 |
| 3) |
Can analyze opportunities and threats with strategic thinking skills by using different resources and channels in the ever-changing global business world. |
1 |
| 4) |
Can communicate orally and in writing with a good knowledge of English grammar. |
2 |
| 5) |
He / she can transfer the knowledge and skills he / she has acquired in the field to the relevant people in written and oral form and evaluate them critically. |
2 |
| 6) |
Adopts the principles of business ethics with the awareness of professional responsibility and can apply these principles within the framework of legal rules in the field of global trade and business. |
1 |
| 7) |
He / she can collaborate in and out of the field, take responsibility, respect cultural differences and have ethical values. |
1 |
| 8) |
Has sufficient awareness of social rights, justice, cultural values, environmental awareness, occupational health and safety. |
2 |
| 9) |
With the lifelong learning skill acquired, she/he can identify learning needs and improve herself/himself |
3 |