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Course Code: 
ECON 291
Course Period: 
Autumn
Course Type: 
Core
P: 
3
Lab: 
0
Credits: 
3
ECTS: 
6
Course Language: 
English
Course Objectives: 
The main aim of the course is to provide the student with a basic understanding of the economic and financial environment in which the firm exists and operates.
Course Content: 

The inter-relation among product-markets, factor-markets, and financial-markets, Debt-financing, equity-financing, and retained- earnings, The balance between debt-financing and equity-financing, and the effect  on the value of the firm, The time-value-of-money and applications: Capital budgeting: Net present value (NPV) and project evaluation, Present-value and future-value concepts, and deriving the time value of money equations, Four major Market-structures and determinants of firm Market-power

Course Methodology: 
1: Lecture, 2: Question-Answer, 3: Discussion, 12: Case Study
Course Evaluation Methods: 
A: Exam, C: Homework

Vertical Tabs

Course Learning Outcomes

Learning Outcomes  Program Learning Outcomes Teaching Methods  Assessment Methods 
Provides the student with a basic understanding of the economic and financial environment in which the firm exists and operates 3, 9, 10 1, 2, 3, 12 A - C
Prepares and equips the student to better participate in the various economic and financial processes of the firm 3, 8, 9, 10 1, 2, 3, 12 A – C
Increases student’s potential for success for future employment; and increases the student’s potential for success in managing a business. 3, 8, 9, 10 1, 2, 3, 12 A – C
Enhances the skills regarding analytical-reasoning and practical-applications that can be of use in professional decision-making in business 3, 8, 9, 10 1, 2, 3, 12 A - C

Course Flow

COURSE CONTENT
Week Topics Study Materials
1 Introduction: How an economy works: The inter-relation among product-markets, factor-markets, and financial-markets  
2 Introduction (continued): How an economy works: The inter-relation among product-markets, factor-markets, and financial-markets  
3 How firms finance new capital-expenditure: Debt-financing, equity-financing, and retained- earnings  
4 How firms finance new capital-expenditure: Debt-financing, equity-financing, and retained- earnings  
5 The balance between debt-financing and equity-financing, and the effect  on the value of the firm  
6 The balance between debt-financing and equity-financing, and the effect  on the value of the firm  
7 Review for the midterm: Problem set and Study guide discussion  
8 The time-value-of-money and applications: Capital budgeting: Net present value (NPV) and project evaluation  
9 The time-value-of-money and applications: Capital budgeting (continued): Net present value (NPV) and project evaluation  
10 The time-value-of-money concepts: Present-value and future-value concepts, and deriving the time value of money equations  
11 The time-value-of-money concepts: Present-value and future-value concepts, and deriving the time value of money equations  
12 Four major Market-structures and determinants of firm Market-power  
13 Four major Market-structures and determinants of firm Market-power  
14 Review for the Final exam: Problem set and Study guide discussion  
15 Review for the Final exam: Problem set and Study guide discussion  
16 Final  

Recommended Sources

RECOMMENDED SOURCES
Textbook Foundations of Economics; R.Bade&M.Parkin ,Pearson

 

Additional Resources Daily news, newspapers and economy blogs

 

 

Material Sharing

MATERIAL SHARING
Documents Problem sets as study guides for the midterm and final
Assignments  
Exams  

Assessment

ASSESSMENT
IN-TERM STUDIES NUMBER PERCENTAGE
Mid-terms 1 80
Presentation 1 20
Total   100
Contribution of Final Examination to Overall Grade   50
Contribution of In-Term Studies to Overall Grade   50
Total   100

 

COURSE CATEGORY Fundamental Courses

Course’s Contribution to Program

COURSE CONTRIBUTION TO PROGRAM
No Program Learning Outcomes Contribution
1 2 3 4 5
1 Students demonstrate knowledge on market segmentation, are able to follow the trends in consumer behavior, and create effective advertising messages suitable for target audiences          
2 Students design advertisements suitable for both traditional and digital media.          
3 Students gain awareness and knowledge on interdisciplinary subjects that are beneficial both for their professional and intellectual lives.         x
4 Students demonstrate knowledge of the campaign processes in written, audio-visual, electronic, and outdoor advertising media. They plan and manage campaigns in accordance with national and international standards.          
5 Students demonstrate knowledge of the research methods related to the field of advertising and are able to use the obtained data to evaluate results in campaign processes.          
6 Students create and lead media strategies in the field of advertising.           
7 Students abide by universal values, law and ethical principles.          
8 Students follow the developments in the fields with the awareness of lifelong learning and entrepreneurial approach. They are self-confident in communicating with institutions and persons and suggest solutions to problems independently or as team members.     x    
9 Students adopt the critical approach in evaluating knowledge and skills related to the field.       x  
10 Students demonstrate knowledge and understanding of the concepts and models related to the field.         x

ECTS

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
Activities Quantity Duration
(Hour)
Total
Workload
(Hour)
Course Duration 14 3 42
Hours for off-the-classroom study (Pre-study, practice) 15 6 90
Mid-terms 1 3 3
Presentation 1 2 2
Final examination 1 3 3
Total Work Load     140
Total Work Load / 25 (h)     5,6
ECTS Credit of the Course     6