IKZ101 Introduction to Economics I

6 ECTS - 3-0 Duration (T+A)- 1. Semester- 3 National Credit
Information About Course

Information
Goal, Content & Resources
Course Learning Outcomes
Relation with Program Learning Outcome
Week Plan
Assessment
Student Workload - ECTS

Information

Unit FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES
ECONOMETRICS PR.
Code IKZ101
Name Introduction to Economics I
Term 2018-2019 Academic Year
Semester 1. Semester
Duration (T+A) 3-0 (T-A) (17 Week)
ECTS 6 ECTS
National Credit 3 National Credit
Teaching Language Türkçe
Level Lisans Dersi
Type Normal
Label C Compulsory
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Prof. Dr. HARUN BAL
Course Instructor Prof. Dr. NEŞE ALGAN (Güz) (A Group) (Ins. in Charge)
Dr. Öğr. Üyesi MUSTAFA ILDIRAR (Güz) (B Group) (Ins. in Charge)


Course Goal / Objective

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.

Course 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.

Course Precondition

Resources

Notes



Course Learning Outcomes

Order Course Learning Outcomes
LO01 Recognize the main concepts and key issues related to the science of economics
LO02 Focus on the main fields of activity and learning methodology of economics
LO03 Learn the basic branches of economics, macro-micro level
LO04 Understand the Price theory, characteristics and properties of supply and demand law
LO05 Create awareness on the comprehensive understanding of consumer theory and producer theory


Relation with Program Learning Outcome

Order Type Program Learning Outcomes Level
PLO01 - Explains Econometric concepts 3
PLO01 - Explains Econometric concepts 0
PLO01 - Explains Econometric concepts 3
PLO01 - Explains Econometric concepts 4
PLO01 - Explains Econometric concepts 2
PLO02 - Acquires basic Mathematics, Statistics and Operation Research concepts 4
PLO02 - Acquires basic Mathematics, Statistics and Operation Research concepts 0
PLO02 - Acquires basic Mathematics, Statistics and Operation Research concepts 4
PLO02 - Acquires basic Mathematics, Statistics and Operation Research concepts 5
PLO02 - Acquires basic Mathematics, Statistics and Operation Research concepts 2
PLO03 - Equipped with the foundations of Economics, and develops Economic models 3
PLO03 - Equipped with the foundations of Economics, and develops Economic models 0
PLO03 - Equipped with the foundations of Economics, and develops Economic models 3
PLO03 - Equipped with the foundations of Economics, and develops Economic models 5
PLO03 - Equipped with the foundations of Economics, and develops Economic models 5
PLO04 - Describes the necessary concepts of Business 0
PLO04 - Describes the necessary concepts of Business 5
PLO04 - Describes the necessary concepts of Business 4
PLO04 - Describes the necessary concepts of Business 4
PLO04 - Describes the necessary concepts of Business 4
PLO05 - Models problems with Mathematics, Statistics, and Econometrics 4
PLO05 - Models problems with Mathematics, Statistics, and Econometrics 4
PLO05 - Models problems with Mathematics, Statistics, and Econometrics 3
PLO05 - Models problems with Mathematics, Statistics, and Econometrics 0
PLO05 - Models problems with Mathematics, Statistics, and Econometrics 3
PLO06 - Estimates the model consistently and analyzes & interprets its results 3
PLO06 - Estimates the model consistently and analyzes & interprets its results 5
PLO06 - Estimates the model consistently and analyzes & interprets its results 4
PLO06 - Estimates the model consistently and analyzes & interprets its results 0
PLO06 - Estimates the model consistently and analyzes & interprets its results 4
PLO07 - Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems 5
PLO07 - Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems 0
PLO07 - Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems 3
PLO07 - Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems 4
PLO07 - Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems 3
PLO08 - Collects, edits, and analyzes data 4
PLO08 - Collects, edits, and analyzes data 5
PLO08 - Collects, edits, and analyzes data 4
PLO08 - Collects, edits, and analyzes data 0
PLO08 - Collects, edits, and analyzes data 5
PLO09 - Uses a package program of Econometrics, Statistics, and Operation Research 4
PLO09 - Uses a package program of Econometrics, Statistics, and Operation Research 3
PLO09 - Uses a package program of Econometrics, Statistics, and Operation Research 4
PLO09 - Uses a package program of Econometrics, Statistics, and Operation Research 0
PLO09 - Uses a package program of Econometrics, Statistics, and Operation Research 3
PLO10 - Effectively works, take responsibility, and the leadership individually or as a member of a team 0
PLO10 - Effectively works, take responsibility, and the leadership individually or as a member of a team 4
PLO10 - Effectively works, take responsibility, and the leadership individually or as a member of a team 4
PLO10 - Effectively works, take responsibility, and the leadership individually or as a member of a team 4
PLO10 - Effectively works, take responsibility, and the leadership individually or as a member of a team 4
PLO11 - Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study 4
PLO11 - Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study 4
PLO11 - Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study 3
PLO11 - Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study 0
PLO11 - Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study 3
PLO12 - 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 5
PLO12 - 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 5
PLO12 - 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 4
PLO12 - 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 0
PLO12 - 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 3
PLO13 - Uses Turkish and at least one other foreign language, academically and in the business context 4
PLO13 - Uses Turkish and at least one other foreign language, academically and in the business context 0
PLO13 - Uses Turkish and at least one other foreign language, academically and in the business context 4
PLO13 - Uses Turkish and at least one other foreign language, academically and in the business context 4
PLO13 - Uses Turkish and at least one other foreign language, academically and in the business context 4
PLO14 - Good understanding, interpretation, efficient written and oral expression of the people involved 4
PLO14 - Good understanding, interpretation, efficient written and oral expression of the people involved 4
PLO14 - Good understanding, interpretation, efficient written and oral expression of the people involved 4
PLO14 - Good understanding, interpretation, efficient written and oral expression of the people involved 0
PLO15 - Improves himself/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development 4
PLO15 - Improves himself/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development 5
PLO15 - Improves himself/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development 4
PLO16 - Questions traditional approaches and their implementation while developing alternative study programs when required 5
PLO16 - Questions traditional approaches and their implementation while developing alternative study programs when required 4
PLO16 - Questions traditional approaches and their implementation while developing alternative study programs when required 5
PLO17 - Recognizes and implements social, scientific, and professional ethic values 4
PLO17 - Recognizes and implements social, scientific, and professional ethic values 4
PLO17 - Recognizes and implements social, scientific, and professional ethic values 4
PLO18 - Follows actuality, and interprets the data about economic and social events 4
PLO18 - Follows actuality, and interprets the data about economic and social events 5


Week Plan

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


Assessment (Exam) Methods and Criteria

Assessment Type Midterm / Year Impact End of Term / End of Year Impact
1. Midterm Exam 100 40
General Assessment
Midterm / Year Total 100 40
1. Final Exam - 60
Grand Total - 100


Student Workload - ECTS

Works Number Time (Hour) Workload (Hour)
Course Related Works
Class Time (Exam weeks are excluded) 14 3 42
Out of Class Study (Preliminary Work, Practice) 14 5 70
Assesment Related Works
Homeworks, Projects, Others 0 0 0
Mid-term Exams (Written, Oral, etc.) 1 15 15
Final Exam 1 30 30
Total Workload (Hour) 157
Total Workload / 25 (h) 6,28
ECTS 6 ECTS

Update Time: 29.04.2025 04:21