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
Case, Karl E.; Fair, Ray C. and Oster, Sharon M. (2020). Principles of Economics, Thirteenth (Global) Edition, Pearson Education.
Notes
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, 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 | Bilgi - Kuramsal, Olgusal | Explaining business concepts and their interrelationships | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Explaining the basic theoretical models, numerical and statistical methods of business management | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explaining the relationship between basic economics concepts and business management concepts | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Explaining how to apply theoretical, numerical and statistical methods used in business management | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Explaining how to interpret the results obtained as a result of the creation/application of theoretical, numerical and statistical methods used in business management | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Applying business management methods by following the basic steps | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Determine appropriate methods to solve business problems | |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Evaluate the results that are obtained from applications of business management methods. | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Use basic numerical and statistical softwares. | |
| PLO10 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use basic enterprise resource planning (ERP) softwares | |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | Working effectively individually and/or in a team | 5 |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, constantly renewing itself by following the current developments in the field. | 5 |
| PLO13 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Presenting information effectively in an unfamiliar field by using different sources within the framework of academic rules. | 4 |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Use Turkish and at least one foreign language in accordance with the prerequisities of academic and business context | 4 |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Accurately express the obtained information and comments verbally and in writing | 5 |
| PLO16 | Yetkinlikler - Alana Özgü Yetkinlik | Applying new working methods when deemed necessary by questioning traditional approaches, practices and methods | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Acting in accordance with social, scientific and professional ethical values from an entrepreneurial perspective | 4 |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Determining the most appropriate business management approaches, practices and methods by considering the sector, size, resources, culture, goals and objectives of the enterprises. | |
| PLO19 | Yetkinlikler - Alana Özgü Yetkinlik | Interpreting the effects of external environmental factors such as sector structure, competition, technology, economy, politics, culture, which affect the activities of businesses, on businesses. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction to Main Concepts and Price Theory | Reading course books | Öğretim Yöntemleri: Anlatım |
| 2 | Supply and Demand | Reading course books | Öğretim Yöntemleri: Anlatım |
| 3 | Partial Market Equilibrium, Factors Affecting Supply and Demand | Reading course books | Öğretim Yöntemleri: Anlatım |
| 4 | Elasticity Practices and Consumer Theory | Reading course books | Öğretim Yöntemleri: Anlatım |
| 5 | Utility (Cardinal Approach), Utility (Ordinal Approach) | Reading course books | Öğretim Yöntemleri: Anlatım |
| 6 | Consumer Equilibrium, Producer Theory and Production Function | Reading course books | Öğretim Yöntemleri: Anlatım |
| 7 | Optimal Factor Composition, Cost Analysis and Price Theory | Reading course books | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-term week | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Profit Maximization, Perfect Competition Market and Imperfect Competitive Market | Reading course books | Öğretim Yöntemleri: Anlatım |
| 10 | Monopoly, Monopsony, Bilateral Monopoly, Monopolistic Competition and Oligopoly | Reading course books | Öğretim Yöntemleri: Anlatım |
| 11 | Production Factors Price Analysis and Pricing of Production Factors | Reading course books | Öğretim Yöntemleri: Anlatım |
| 12 | Labor and Wages; Land and Rant | Reading course books | Öğretim Yöntemleri: Anlatım |
| 13 | Capital and Interest Rate; Enterprise and Profit | Reading course books | Öğretim Yöntemleri: Anlatım |
| 14 | Distribution of Income, Urbanization and Environmental Economics | Reading course books | Öğretim Yöntemleri: Anlatım |
| 15 | Theoterical Revision | Reading course books | Öğretim Yöntemleri: Anlatım |
| 16 | Revision (Applications) | Reading course books and doing end of chapter questions. | Öğretim Yöntemleri: Soru-Cevap, Alıştırma ve Uygulama |
| 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 | ||