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
BUSINESS ADMINISTRATION PR.
Code IKZ101
Name Introduction to Economics I
Term 2019-2020 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 Doç. Dr. YELDA TEKGÜL (Güz) (A Group) (Ins. in Charge)
Doç. Dr. SANLI ATEŞ (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 - List and define the concepts of business management, and explain their relations to each other 4
PLO01 - List and define the concepts of business management, and explain their relations to each other 3
PLO01 - List and define the concepts of business management, and explain their relations to each other 2
PLO01 - List and define the concepts of business management, and explain their relations to each other 3
PLO01 - List and define the concepts of business management, and explain their relations to each other 0
PLO02 - List and define the fundamental conceptual models, numerical and statistical techniques of business administartion and identify their advantages and disadvantages. 5
PLO02 - List and define the fundamental conceptual models, numerical and statistical techniques of business administartion and identify their advantages and disadvantages. 4
PLO02 - List and define the fundamental conceptual models, numerical and statistical techniques of business administartion and identify their advantages and disadvantages. 2
PLO02 - List and define the fundamental conceptual models, numerical and statistical techniques of business administartion and identify their advantages and disadvantages. 4
PLO02 - List and define the fundamental conceptual models, numerical and statistical techniques of business administartion and identify their advantages and disadvantages. 0
PLO03 - List and define the relationship between the basic concepts of economy and business management ; indicate the strong and weak sides of each method. 5
PLO03 - List and define the relationship between the basic concepts of economy and business management ; indicate the strong and weak sides of each method. 3
PLO03 - List and define the relationship between the basic concepts of economy and business management ; indicate the strong and weak sides of each method. 5
PLO03 - List and define the relationship between the basic concepts of economy and business management ; indicate the strong and weak sides of each method. 3
PLO03 - List and define the relationship between the basic concepts of economy and business management ; indicate the strong and weak sides of each method. 0
PLO04 - Explain how to create the fundamental conceptual models and how to apply numerical and statistical techniques that are used in business administration. 0
PLO04 - Explain how to create the fundamental conceptual models and how to apply numerical and statistical techniques that are used in business administration. 4
PLO04 - Explain how to create the fundamental conceptual models and how to apply numerical and statistical techniques that are used in business administration. 4
PLO04 - Explain how to create the fundamental conceptual models and how to apply numerical and statistical techniques that are used in business administration. 4
PLO04 - Explain how to create the fundamental conceptual models and how to apply numerical and statistical techniques that are used in business administration. 5
PLO05 - Explain how to interpret the results gathered through the application and/or implementation of conceptual models and/or numerical and statistical methods of business management. 0
PLO05 - Explain how to interpret the results gathered through the application and/or implementation of conceptual models and/or numerical and statistical methods of business management. 3
PLO05 - Explain how to interpret the results gathered through the application and/or implementation of conceptual models and/or numerical and statistical methods of business management. 4
PLO05 - Explain how to interpret the results gathered through the application and/or implementation of conceptual models and/or numerical and statistical methods of business management. 3
PLO05 - Explain how to interpret the results gathered through the application and/or implementation of conceptual models and/or numerical and statistical methods of business management. 4
PLO06 - Determine appropriate methods to solve business problems 4
PLO06 - Determine appropriate methods to solve business problems 3
PLO06 - Determine appropriate methods to solve business problems 4
PLO06 - Determine appropriate methods to solve business problems 5
PLO06 - Determine appropriate methods to solve business problems 0
PLO07 - Evaluate the results that are obtained from applications of business management methods 0
PLO07 - Evaluate the results that are obtained from applications of business management methods 5
PLO07 - Evaluate the results that are obtained from applications of business management methods 3
PLO07 - Evaluate the results that are obtained from applications of business management methods 3
PLO07 - Evaluate the results that are obtained from applications of business management methods 4
PLO08 - Use the basic numerical and statistical softwares 5
PLO08 - Use the basic numerical and statistical softwares 4
PLO08 - Use the basic numerical and statistical softwares 5
PLO08 - Use the basic numerical and statistical softwares 4
PLO08 - Use the basic numerical and statistical softwares 0
PLO09 - Use the basic enterprise resource planning (ERP) softwares 4
PLO09 - Use the basic enterprise resource planning (ERP) softwares 3
PLO09 - Use the basic enterprise resource planning (ERP) softwares 3
PLO09 - Use the basic enterprise resource planning (ERP) softwares 4
PLO09 - Use the basic enterprise resource planning (ERP) softwares 0
PLO10 - Take initiative individually or/and as a member of a team, lead and work effectively 0
PLO10 - Take initiative individually or/and as a member of a team, lead and work effectively 4
PLO10 - Take initiative individually or/and as a member of a team, lead and work effectively 4
PLO10 - Take initiative individually or/and as a member of a team, lead and work effectively 4
PLO10 - Take initiative individually or/and as a member of a team, lead and work effectively 4
PLO11 - As well as professional development, improve him-/herself continuously in scientific, social, cultural and artistic fields according to his/her interests and abilities, identifying needs of learning. 0
PLO11 - As well as professional development, improve him-/herself continuously in scientific, social, cultural and artistic fields according to his/her interests and abilities, identifying needs of learning. 4
PLO11 - As well as professional development, improve him-/herself continuously in scientific, social, cultural and artistic fields according to his/her interests and abilities, identifying needs of learning. 3
PLO11 - As well as professional development, improve him-/herself continuously in scientific, social, cultural and artistic fields according to his/her interests and abilities, identifying needs of learning. 3
PLO11 - As well as professional development, improve him-/herself continuously in scientific, social, cultural and artistic fields according to his/her interests and abilities, identifying needs of learning. 4
PLO12 - Follow latest developments in the field, and sustain personal and professional development with the awareness of the necessity of life long learning 5
PLO12 - Follow latest developments in the field, and sustain personal and professional development with the awareness of the necessity of life long learning 4
PLO12 - Follow latest developments in the field, and sustain personal and professional development with the awareness of the necessity of life long learning 5
PLO12 - Follow latest developments in the field, and sustain personal and professional development with the awareness of the necessity of life long learning 3
PLO12 - Follow latest developments in the field, and sustain personal and professional development with the awareness of the necessity of life long learning 0
PLO13 - Use different resources in accordance with academic principles, synthesize the data gathered, and present them effectively in an unfamiliar field. 0
PLO13 - Use different resources in accordance with academic principles, synthesize the data gathered, and present them effectively in an unfamiliar field. 4
PLO13 - Use different resources in accordance with academic principles, synthesize the data gathered, and present them effectively in an unfamiliar field. 4
PLO13 - Use different resources in accordance with academic principles, synthesize the data gathered, and present them effectively in an unfamiliar field. 4
PLO13 - Use different resources in accordance with academic principles, synthesize the data gathered, and present them effectively in an unfamiliar field. 4
PLO14 - Use Turkish and at least one foreign language in accordance with the requirements in academic and business context 4
PLO14 - Use Turkish and at least one foreign language in accordance with the requirements in academic and business context 4
PLO14 - Use Turkish and at least one foreign language in accordance with the requirements in academic and business context 4
PLO14 - Use Turkish and at least one foreign language in accordance with the requirements in academic and business context 0
PLO15 - Perceive and interpret the feelings, ideas and behaviours of people appropriately, and express himself/herself accurately in written or oral format 4
PLO15 - Perceive and interpret the feelings, ideas and behaviours of people appropriately, and express himself/herself accurately in written or oral format 5
PLO15 - Perceive and interpret the feelings, ideas and behaviours of people appropriately, and express himself/herself accurately in written or oral format 4
PLO16 - Question traditional approaches, methods and implementations; develop and implement alternative methods when required 5
PLO16 - Question traditional approaches, methods and implementations; develop and implement alternative methods when required 4
PLO16 - Question traditional approaches, methods and implementations; develop and implement alternative methods when required 5
PLO17 - Recognize and apply social, scientific and professional ethical values. 4
PLO17 - Recognize and apply social, scientific and professional ethical values. 4
PLO17 - Recognize and apply social, scientific and professional ethical values. 4
PLO18 - Determine the most appropriate approaches, implementations and methods of business management considering sectors, their sizes, resources, cultures, goals and objectives 5
PLO18 - Determine the most appropriate approaches, implementations and methods of business management considering sectors, their sizes, resources, cultures, goals and objectives 4
PLO19 - Monitor external factors such as industrial structures, competition, technologies, economics, politics, cultures that affects the activities of businesses and interpret their impact on businesses 4


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