ECOZ101 Introduction to Economics I

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

Information

Code ECOZ101
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 İngilizce
Level Lisans Dersi
Type Normal
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

Update Time: 07.05.2024 02:24