IKZ101 Introduction to Economics I

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

Information

Code IKZ101
Name Introduction to Economics I
Term 2024-2025 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
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Prof. Dr. HARUN BAL
Course Instructor Doç. Dr. SANLI ATEŞ (A Group) (Ins. in Charge)
Dr. Öğr. Üyesi YELDA TEKGÜL (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

There are no prerequisites.

Resources

Principles of Economics - Gregory Mankiw

Notes

Principles of Economics - Gregory Mankiw


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 science 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. 4
PLO04 Bilgi - Kuramsal, Olgusal Perceive the costs and benefits arising from the global economy
PLO05 Bilgi - Kuramsal, Olgusal Produce numerical and policy options when confronted with problems.
PLO06 Bilgi - Kuramsal, Olgusal Use quantitative and qualitative techniques of model building, decoding and interpretation. 4
PLO07 Beceriler - Bilişsel, Uygulamalı Use the theory of economics in the analysis of economic events. 4
PLO08 Beceriler - Bilişsel, Uygulamalı Use computer programs, do synthesis and present prepared data efficiently.
PLO09 Beceriler - Bilişsel, Uygulamalı Apply the methods of economic analysis. 4
PLO10 Bilgi - Kuramsal, Olgusal Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems
PLO11 Beceriler - Bilişsel, Uygulamalı Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. 5
PLO12 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Take responsibility individually and / or in a team, take leadership and work effectively.
PLO13 Yetkinlikler - Öğrenme Yetkinliği Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. 5
PLO14 Yetkinlikler - İletişim ve Sosyal Yetkinlik Use Turkish and at least one foreign language in accordance with the requirements of academic and work life.
PLO15 Yetkinlikler - İletişim ve Sosyal Yetkinlik Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. 3
PLO16 Yetkinlikler - Alana Özgü Yetkinlik Question traditional approaches, practices and methods.
PLO17 Yetkinlikler - Alana Özgü Yetkinlik Recognize and apply social, scientific and professional ethical values. 4


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, Soru-Cevap, Tartışma
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 Revision Reading course books Öğretim Yöntemleri:
Anlatım
16 Final exam prepare to exam Ölçme Yöntemleri:
Yazılı Sınav
17 Final exam-2 prepare to exam Ölçme Yöntemleri:
Sözlü 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 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: 07.05.2024 02:20