FACULTY OF BUSINESS
Department of Logistics Management
SOCIAL MEDIA
ECON 101 | Course Introduction and Application Information
| Course Name |
Principles of Microeconomics
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
ECON 101
|
Fall
|
3
|
0
|
3
|
6
|
| Prerequisites |
None
|
|||||
| Course Language |
English
|
|||||
| Course Type |
Required
|
|||||
| Course Level |
First Cycle
|
|||||
| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | - | |||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | ||||||
| Course Objectives | The purpose of this course is to to provide an understanding of how people interact with each other, and with the natural environment, in producing their livelihoods. The course provides students with a framework of and the ability to evaluate key microeconomic concepts facing capitalist economies such as supply and demand, market equilibrium and disequilibrium, economic rents and institutions. The course also equips students with some elementary mathematical techniques to solve numerical or algebraic economic problems in applying key micreoconomic concepts. The focus of the course is to teach students models motivated by facts from history, experiments, and data. To use insights on the economy from a wide range of historical, geographical, disciplinary and methodological perspectives is another focus of the course. Students will be well prepared to tackle the issues covered in the more advanced second year course “Microeconomics". |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | Economics is the study of how people interact with each other, and with the natural environment, in producing their livelihoods. This course is an introduction to the basic principles of microeconomics, which analyzes the choices and actions of the economic actors as both self-interested and ethical. This course covers capitalist revolution; the effects of technological change; scarcity and opportunity cost; social interactions; the effect of institutions on balance of power; interactions among firm’s owners, managers and employees; profit maximizing firm’s interaction with its customers; supply, demand, and market equilibrium; market disequilibrium in credit and labor markets; market failures. |
|
|
Core Courses | |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 1 | The Capitalist Revolution | The Economy, the CORE Project , Chapter 1 |
| 2 | Technological change, population and economic growth | The Economy, the CORE Project , Chapter 2 |
| 3 | Technological change, population and economic growth | The Economy, the CORE Project , Chapter 2 |
| 4 | Scarcity, work and choice | The Economy, the CORE Project , Chapter 3 |
| 5 | Scarcity, work and choice | The Economy, the CORE Project , Chapter 3 |
| 6 | Social Interactions | The Economy, the CORE Project , Chapter 4 |
| 7 | Social Interactions | The Economy, the CORE Project , Chapter 4 |
| 8 | Midterm Final Confirmation of date and time will be announced later! | |
| 9 | The Firms: Owners, managers and employees | The Economy, the CORE Project , Chapter 6 |
| 10 | The Firms: Owners, managers and employees | The Economy, the CORE Project , Chapter 6 |
| 11 | The firm and its customers | The Economy, the CORE Project , Chapter 7 |
| 12 | The firm and its customers | The Economy, the CORE Project , Chapter 7 |
| 13 | Supply and Demand: Price taking and competitive markets | The Economy, the CORE Project , Chapter 8 |
| 14 | Supply and Demand: Price taking and competitive markets | The Economy, the CORE Project , Chapter 8 |
| 15 | Review of the Semester | |
| 16 | - |
| Course Notes/Textbooks | The Economy e-book is available at https://www.core-econ.org/project/core-the-economy/. Every student must register on this website to access the free e-book. Assignments which make up 20% of your final grade will be given through blackboard. The assignments will be graded in blackboard and your instructors are going to see your grades online. |
| Suggested Readings/Materials |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation |
1
|
10
|
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments |
1
|
20
|
| Presentation / Jury | ||
| Project | ||
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm |
1
|
35
|
| Final Exam |
1
|
35
|
| Total |
| Weighting of Semester Activities on the Final Grade |
3
|
65
|
| Weighting of End-of-Semester Activities on the Final Grade |
1
|
35
|
| Total |
ECTS / WORKLOAD TABLE
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
3
|
48
|
| Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
0
|
|
| Study Hours Out of Class |
16
|
2
|
32
|
| Field Work |
|
0
|
|
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
4
|
6
|
24
|
| Presentation / Jury |
|
0
|
|
| Project |
|
0
|
|
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
1
|
35
|
35
|
| Final Exam |
1
|
36
|
36
|
| Total |
175
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
|
#
|
Program Competencies/Outcomes |
* Contribution Level
|
||||
|
1
|
2
|
3
|
4
|
5
|
||
| 1 | To be able to analyze complex problems in the field of logistics and supply chains |
X | ||||
| 2 | To be able to have good knowledge of sector related market leaders, professional organizations, and contemporary developments in the logistics sector and supply chains |
X | ||||
| 3 | To be able to participate in the sector-related communication networks and improve professional competencies within the business sector |
X | ||||
| 4 | To be able to use necessary software, information and communication technologies in the fields of logistics management and supply chain |
X | ||||
| 5 | To be able to understand and utilize the coordination mechanisms and supply chain integration |
|||||
| 6 | To be able to analyze the logistics and supply chain processes using the management science perspective and analytical approaches |
|||||
| 7 | To be able to design, plan and model in order to contribute to decision making within the scope of logistics and supply chains |
|||||
| 8 | To be able to interpret and evaluate the classical and contemporary theories in the field of logistics and supply chains |
|||||
| 9 | To be able to conduct projects and participate in teamwork in the field of logistics and supply chains |
|||||
| 10 | To be able to have an ethical perspective and social responsiveness when making and evaluating decisions. |
|||||
| 11 | To be able to collect data in the area of logistics and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1). |
X | ||||
| 12 | To be able to speak a second foreign at a medium level of fluency efficiently. |
|||||
| 13 | To be able to relate the knowledge accumulated throughout human history to their field of expertise. |
X | ||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
SOCIAL MEDIA
NEWS |ALL NEWS
Teaching both at Izmir and Sweden
Making a difference with her successful work in the international arena, Assoc. Prof. Dr. Aysu Göçer, Lecturer at Department of Logistics Management,
Memorial Scholarship reached to 78 young people
The education scholarship given on behalf of the late Doğan Turhan, the philanthropist from Izmir, the founder of one of Turkey's largest
‘Green’ logistics going abroad
Assoc. Prof. Dr. Işık Özge Yumurtacı Hüseyinoğlu from Izmir University of Economics (IUE) Department of Logistics Management and her 3 students have
Double prize in logistics
The 'intelligent decision support system' named LTLZone, which was developed by a team of 3 people at Izmir University of Economics (IUE),
Double reward in logistics
The intelligent decision support system (IDSS) named ‘LTLZone’, which was developed by a team of 3 people at Izmir University of Economics
Department of Logistics Management 14th University-Industry Cooperation Event
Izmir University of Economics Logistics Management Department senior students continue to shed light on real logistics problems with the projects they developed
