Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
190400307105INSTITUTIONAL ECONOMICSElective474
Level of Course Unit
First Cycle
Objectives of the Course
To teach mathematical concepts and calculations used in the field of Commerce and Finance.
Name of Lecturer(s)
Dr. Öğr. Üyesi Duygu A. ÇÖLLÜ
Learning Outcomes
1To be able to explain the time value of money concepts
2To be able to make profit calculations
3To be able to make interest transactions and classify interest accounts
4To perform discount transactions, to distinguish between internal and external discounts
5To be able to prepare the debt depreciation table
Mode of Delivery
Daytime Class
Prerequisites and co-requisities
No
Recommended Optional Programme Components
No
Course Contents
Basic Concepts, Time value of money. Profit on cost and sales, Percentage concept and simple percentage calculations Inner percent and outer percent calculations. Simple interest transactions, Simple discount transactions. Compound interest transactions, Compound discount transactions, Midterm Midterm Equally consistent installments, delayed consistent installments, delayed installments. Continuous installments, Continuous and delayed installments, Continuous and Quickly Installments Debt Amortization: Undivided debt payment, Payment of debt in installments Debt Amortization: Payment of Bonded Debts Current accounts
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1Basic Concepts, Time value of money.
2Calculations of profit on cost and sales
3Percentage concept and simple percentage calculations
4Inner percentage and outer percentage calculations
5Simple interest transactions, Simple discount transactions
6Compound interest transactions
7Compound discount transactions
8Midterm Exam
9Equally consistent installments, delayed consistent installments, delayed installments
10Continuous installments, Continuous and delayed installments, Continuous and Quickly Installments
11Debt Amortization: Undivided debt payment, Payment of debt in installments
12Debt Amortization: Payment of Bonded Debts
13Current accounts
14Final Exam
Recommended or Required Reading
Basic Source: Finance Mathematics, (1998), Zehra Başkaya, Ekin Publishing House, Bursa. Helpful Resources: Finance Mathematics, (2009), Ramazan Aktaş and Friends, Gazi Bookstore, Ankara. Commercial Mathematics, (2003), Zehra Başkaya, Ekin Publishing House, Bursa.
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination1100
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Examination1100
SUM100
Term (or Year) Learning Activities40
End Of Term (or Year) Learning Activities60
SUM100
Language of Instruction
Turkish
Work Placement(s)
No
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination111
Final Examination111
Attending Lectures12336
Individual Study for Mid term Examination5630
Individual Study for Final Examination8864
TOTAL WORKLOAD (hours)132
Contribution of Learning Outcomes to Programme Outcomes
PO
1
PO
2
PO
3
PO
4
PO
5
PO
6
PO
7
PO
8
PO
9
PO
10
PO
11
PO
12
PO
13
PO
14
LO132           4
LO233           5
LO333           5
LO433           4
LO533           5
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Iğdır University, Iğdır / TURKEY • Tel (pbx): +90 476 226 13 14 • e-mail: info@igdir.edu.tr