TÜRKÇE
ENGLISH
Information
| Code | ECOZ101 |
| Name | Introduction to Economics I |
| Semester | 1. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi İpek TEKİN |
Course Goal
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
The course has no prerequisites.
Resources
Parkin, Michael. Economics, Twelfth or Thirteenth (Global) edition, Pearson Education.
Notes
Case, Karl E.; Fair, Ray C. and Oster, Sharon M. (2020). Principles of Economics, Thirteenth (Global) Edition, Pearson Education. Mankiw, G. (2018). Principles of Economics, Eighth Edition, Cengage Learning.
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 at 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 |
| LO06 | Knows the characteristics of markets and can classify different types of markets. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the basic concepts and theorems in the fields of Econometrics, Statistics and Operations research | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires basic Mathematics, Statistics and Operation Research concepts | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Describes the necessary concepts of Business | |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Equipped with the foundations of Economics, and develops Economic models | 4 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Has the ability to analyze/interpret at the conceptual level to develop solutions to problems | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data | |
| PLO08 | Bilgi - Kuramsal, Olgusal | Interprets the results analyzed with the model | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field which does not research | 4 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | It develops traditional approaches, practices and methods into new working methods when it deems necessary | |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | 5 |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | In addition to herself/himself professional development, constantly improves in scientific, cultural, artistic and social fields in line with interests and abilities | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it follows the current developments in the field / constantly renews itself | 5 |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses Turkish and at least one other foreign language, academically and in the business context | 5 |
| PLO16 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Interprets the feelings, thoughts and behaviors of the related persons correctly/expresses himself/herself correctly in written and verbal form | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on current economic and social issues | 4 |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | What is Economics? | Reading course books and materials. | Öğretim Yöntemleri: Anlatım |
| 2 | The Economic Problem: Scarcity and Choice | Reading course books and materials. | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 3 | The Economic Problem: Production Possibilities Frontier | Reading course books and course materials. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 4 | Demand and Supply Analysis | Reading course books and materials. | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 5 | Market Equilibrium | Reading course books and materials. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 6 | Elasticity | Reading course books and materials. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 7 | Consumer Choices | Reading course books and materials. | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-term week | Preparation to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Utility and Demand | Reading course books and materials. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama, Tartışma |
| 10 | Production: The Behaviour of Profit-Maximizing Firms | Reading course books and materials. | Öğretim Yöntemleri: Anlatım |
| 11 | Output and Costs (Short Run and Long Run) | Reading course books and materials. | Öğretim Yöntemleri: Anlatım |
| 12 | Markets: Perfect Competition | Reading course books and materials. | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 13 | Markets: Monopoly | Reading course books and materials. | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 14 | Markets: Monopolistic Competition | Reading course books and materials. | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 15 | Markets: Oligopoly and Game Theory | Reading course books and materials. | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 16 | Factor Markets | Preparation to exam | Öğretim Yöntemleri: Anlatım |
| 17 | Final exam | Preparation to exam | Ölçme Yöntemleri: Yazılı Sınav |
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 | 5 | 5 | 25 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 10 | 10 |
| Final Exam | 1 | 15 | 15 |
| Total Workload (Hour) | 162 | ||
| Total Workload / 25 (h) | 6,48 | ||
| ECTS | 6 ECTS | ||