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

Prerequisites and co-requisites
Recommended Optional Programme Components None

Language of Instruction Turkish
Course Level First Cycle Programmes (Bachelor's Degree)
Course Type
Course Coordinator Prof.Dr. Hüseyin Mahir FİSUNOĞLU
Instructors
Doç.Dr.HAKKI ÇİFTÇİ1. Öğretim Grup:A
Dr. Öğr. ÜyesiERHAN İŞCAN2. Öğretim Grup:A
Öğr. Gör.MURAT PÜTÜN2. Öğretim Grup:B
 
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
Having basic conceptual knowledge about economics and public finance and educating students who are able to analyze economic events in the light of this information, to think analytically, to work in cooperation and harmony, and to be able to do business.
2
Collecting and commenting data from different sources using contemporary communication tools, methods and processes
3
Having basic computer skills and knowledge, the vocational field uses this information
4
Perform numerical and statistical data aggregation, analysis and interpretation
5
Individually and / or in a team, take responsibility, leadership, and effectively works
6
An area he does not research exploits from different sources in the framework of academic rules, synthesizes the information he obtains and effectively presents it
7
Awareness of the necessity of life-long learning, it follows up-to-date developments in the field and constantly innovates
8
Synthesize and effectively deliver information from an unfamiliar field to other sources in the framework of academic rules
9
Turkish and at least one foreign language is used in accordance with the needs of academic life and business life
10
Uses Turkish in accordance with the needs of academic life and business life
11
He / she correctly understands the feelings, thoughts and behaviors of the people concerned and expresses himself / herself in writing and orally
12
It has social, scientific and ethical values in the stages of collecting, interpreting and announcing the data related to the scientific fields in which statistics are used.
13
Aware of and act in accordance with social, scientific and professional ethical values
14
Question traditional approaches, practices and methods, develop new working methods where necessary and

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
6 Consumer Equilibrium, Producer Theory and Production Function Reading course books Lecture
Question-Answer
Discussion
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

Recommended or Required Reading
Textbook
Additional Resources