COURSE INFORMATON
Course Title Code Semester L+P Hour Credits ECTS
Introduction to Economics I ECOZ   101 1 3 3 6

Prerequisites and co-requisites
Recommended Optional Programme Components None

Language of Instruction English
Course Level First Cycle Programmes (Bachelor's Degree)
Course Type
Course Coordinator Prof.Dr. Hüseyin Mahir FİSUNOĞLU
Instructors
Prof.Dr.HÜSEYİN MAHİR FİSUNOĞLU1. Öğretim Grup:A
 
Assistants
Goals
This is a two-term cource in economics. It is aimed to teach the basic concepts and definitions in economics, its relations with other sciences such as sociology, law, mathematic. Its two basic subjects are microeconomics and macroeconomics. We shall begin with microeconomics in the fall term.
Content
It deals with micro units in economics such as individual or households, firms (big or small), and the relationships between them. As we learned about supply, demand, scarcity, efficiency and productivity, the price system, households, firms, markets (perfectly competitive or imperfectly competitive or factors of production). Students are expected to understand the way we get rational decisions, and rational choice.

Learning Outcomes
1) Recognize the main concepts and key issues related to the science of economics
2) Focus on the main fields of activity and learning methodology of economics
3) Learn the basic branches of economics, macro-micro level
4) Understand the Price theory, characteristics and properties of supply and demand law
5) Create awareness on the comprehensive understanding of consumer theory and producer theory
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Course's Contribution To Program
NoProgram Learning OutcomesContribution
12345
1
Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy
X
2
Define the role of pricing within the event advantage of the market economy
X
3
Define the role of the state in economy, money and financial policies, the central bank and the structure of the market
X
4
Perceive the costs and benefits arising from the global economy
X
5
Produce nymerical and policy options when confronted with problems
X
6
Use quantitative and qualitative techniques of model building, decoding and interpretation
X
7
Use the theory of economics in the analysis of economic events
X
8
Use computer programs, do synthesis and present prepared data efficiently
X
9
Apply the methods of economic analysis.
X
10
Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems
X
11
Take responsibility individually and/or in a team, take leadership and work effectively
X
12
Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself
X
13
Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively
X
14
Use Turkish and at least one foreign language in accordance with the requirements of academic and work life
X
15
Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language
X
16
Question traditional attitudes, applications and methods, develop and apply new methods when needed.
X
17
Recognize and apply social, scientific and professional ethical values.
X

Course Content
WeekTopicsStudy Materials _ocw_rs_drs_yontem
1 Introduction to Main Concepts and Price Theory Reading course books Lecture
Homework
2 Supply and Demand Reading course books Lecture
Homework
3 Partial Market Equilibrium, Factors Affecting Supply and Demand Reading course books Lecture
Homework
4 Elasticity Practices and Consumer Theory Reading course books Lecture
Homework
5 Utility (Cardinal Approach), Utility (Ordinal Approach) Reading course books Lecture
Homework
6 Consumer Equilibrium, Producer Theory and Production Function Reading course books Lecture
Homework
7 Optimal Factor Composition, Cost Analysis and Price Theory Reading course books Lecture
Homework
8 Mid-term week prepare to exam Testing
9 Profit Maximization, Perfect Competition Market and Imperfect Competitive Market Reading course books Lecture
Homework
10 Monopoly, Monopsony, Bilateral Monopoly, Monopolistic Competition and Oligopoly Reading course books Lecture
Homework
11 Production Factors Price Analysis and Pricing of Production Factors Reading course books Lecture
Homework
12 Labor and Wages; Land and Rant Reading course books Lecture
Homework
13 Capital and Interest Rate; Enterprise and Profit Reading course books Lecture
Homework
14 Distribution of Income, Urbanization and Environmental Economics Reading course books Lecture
Homework
15 Revision Reading course books Lecture
Homework
16-17 final exam prepare to exam Testing
Homework

Recommended or Required Reading
Textbook
Additional Resources