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
Explains Econometric concepts
X
2
Acquires basic Mathematics, Statistics and Operation Research concepts
X
3
Equipped with the foundations of Economics, and develops Economic models
X
4
Describes the necessary concepts of Business
X
5
Models problems with Mathematics, Statistics, and Econometrics
X
6
Estimates the model consistently and analyzes & interprets its results
X
7
Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems
X
8
Collects, edits, and analyzes data
X
9
Uses a package program of Econometrics, Statistics, and Operation Research
X
10
Effectively works, take responsibility, and the leadership individually or as a member of a team
X
11
Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study
X
12
Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied
X
13
Uses Turkish and at least one other foreign language, academically and in the business context
X
14
Good understanding, interpretation, efficient written and oral expression of the people involved
X
15
Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development
X
16
Questions traditional approaches and their implementation while developing alternative study programs when required
X
17
Recognizes and implements social, scientific, and professional ethic values
X
18
Follows actuality, and interprets the data about economic and social events
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