|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 Coordinator||Prof.Dr. Hüseyin Mahir FİSUNOĞLU|
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.
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.
|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|