Introduction to Political Economy (SOC175)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| SOC175 | Introduction to Political Economy | 2 | 3 | 0 | 0 | 3 | 6 |
| Prerequisites | |
| Admission Requirements |
| Language of Instruction | French |
| Course Type | Compulsory |
| Course Level | Bachelor Degree |
| Course Instructor(s) | Fatma Ayfer KARAYEL ayferkarayel@yahoo.com (Email) |
| Assistant | |
| Objective | This course aims to introduce students of International Relations to the study of economics. The purpose of this course is to teach fundamental lessons of economics such as the law of demand and the law of supply, the application of elasticity, the price mechanism, the costs of production, firm behavior and types of markets (competitive markets, monopoly, monopolistic competition, oligopoly), the markets for the factors of production and the theory of consumer choice. |
| Content | See Subject Headings (Topics) |
| Course Learning Outcomes |
1) Explain basic concepts in economics such as supply and demand, the market, price mechanism and market equilibrium 2) Use basic microeconomic models to study the ways in which economic agents make decisions in the market place. 3) Discuss the functioning of markets, determination of market equlibrium and forms of competition in various types of markets 4) Explain firm behavior (i.e. profit maximisation and cost minimization practices of firms) 5) Explain why monopolies arise, the welfare costs of monopoly and public policies towards monopolies 6) Use basic tools of game theory for studying economics of cooperation 7) Analyze the economics of labor markets, the markets for the factors of production |
| Teaching and Learning Methods | Lecture classes |
| References |
Mankiw, G.N. (1998). Principes De l’Economie. Paris: Economica Stiglitz, J. E., Walsh, C.E. & Lafay, J.D. (2007). Principes d’économie moderne. Paris : De Boeck. |
Theory Topics
| Week | Weekly Contents |
|---|---|
| 1 | Introduction |
| 2 | The object of microeconomics |
| 3 | The Market forces of Demand and Supply |
| 4 | Elasticity and its application |
| 5 | Demand, Supply and government policies |
| 6 | Consumers, producers and the efficiency of markets |
| 7 | The costs of production Firms in Competitive Markets |
| 8 | Midterm exam |
| 9 | Monopoly |
| 10 | Oligopoly |
| 11 | Monopolistic competition |
| 12 | The Markets for the factors of production |
| 13 | The Theory of Consumer Choice |
| 14 | Externalities |
Practice Topics
| Week | Weekly Contents |
|---|
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 3 | 50 |
| Contribution of final exam to overall grade | 1 | 50 |
| Toplam | 4 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 0 | 0 |
| Presentation | 0 | 0 |
| Midterm Examinations (including preparation) | 1 | 40 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 2 | 10 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Toplam | 3 | 50 |
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | The student will be able to recognize and assess the essential theoretical perspectives both in sociology and its related domains. | X | ||||
| 2 | The student will be able to make use of the major theoretical analyses and sociological concepts in his/her own research topics. | X | ||||
| 3 | The student will be able to articulate sociological perspective and reasoning with social and historical facts, and to interpret social and historical issues with a sociological eye. | X | ||||
| 4 | The student will be able to assess the current state of research and knowledge on the classical and contemporary domains of sociological inquiry as well as its relevant fields. | |||||
| 5 | The student will be able to design and conduct a sociological research with appropriate theoretical construction and empirical methods. | X | ||||
| 6 | The student will be able to produce a written research report that relates research questions to empirical findings. | X | ||||
| 7 | The student will be able to appropriately use both quantitative and qualitative methodologies. | X | ||||
| 8 | The student will be able to make appropriate use of statistical software programs for data processing and analysis. | X | ||||
| 9 | The student will be able to make appropriate use of statistical software programs for data processing and analysis. | X | ||||
| 10 | Graduates will be able to follow the scientific production both in English and French as well as Turkish. | X | ||||
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 3 | 42 |
| Working Hours out of Class | 8 | 4 | 32 |
| Midterm Examinations (including preparation) | 1 | 8 | 8 |
| Final Examinations (including preparation) | 1 | 10 | 10 |
| Quiz | 2 | 4 | 8 |
| Total Workload | 100 | ||
| Total Workload / 25 | 4,00 | ||
| Credits ECTS | 4 | ||