TÜRKÇE
ENGLISH
Information
| Code | ECOZ101 |
| Name | Introduction to Economics I |
| Term | 2023-2024 Academic Year |
| 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 |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi İpek TEKİN |
| Course Instructor |
Dr. Öğr. Üyesi İpek TEKİN
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
This is a two-term course 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, 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, 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 | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy | 5 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce nymerical and policy options when confronted with problems | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation | 5 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Use the theory of economics in the analysis of economic events | 5 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | 4 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | |
| PLO11 | Bilgi - Kuramsal, Olgusal | Take responsibility individually and/or in a team, take leadership and work effectively | 4 |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | 5 |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Question traditional approaches, practices and methods. | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | What is Economics? | Reading course books | Öğretim Yöntemleri: Anlatım |
| 2 | The Economic Problem: Scarcity and Choice | Reading course books | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 3 | The Economic Problem: Production Possibilities Frontier | Reading course books. Doing the end of chapter questions. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 4 | Demand and Supply Analysis | Reading course books. Doing the end of chapter questions. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Alıştırma ve Uygulama |
| 5 | Market Equilibrium | Reading course books. Doing the end of chapter questions. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Alıştırma ve Uygulama |
| 6 | Elasticity | Reading course books. Doing the end of chapter questions. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 7 | Consumer Choices | Reading course books | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 8 | Mid-term week | Preparation to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Utility Theory | Reading course books | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 10 | Production: The Behaviour of Profit-Maximizing Firms | Reading course books | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 11 | Output and Costs (Short Run and Long Run) | Reading course books | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 12 | Markets: Perfect Competition | Reading course books | Öğretim Yöntemleri: Anlatım, Tartışma |
| 13 | Markets: Monopoly | Reading course books | Öğretim Yöntemleri: Anlatım, Tartışma |
| 14 | Markets: Monopolistic Competition | Reading course books | Öğretim Yöntemleri: Anlatım, Tartışma |
| 15 | Markets: Oligopoly and Game Theory | Reading course books | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 16 | Factor Markets | Reading course books | Öğretim Yöntemleri: Anlatım, Tartışma |
| 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 | ||