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 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

Parkin, Michael. Economics, Twelfth or 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 Has the conceptual and theoretical competence to explain the phenomena in the disciplines of Political Science and International Relations. 1
PLO02 Bilgi - Kuramsal, Olgusal Identifies the international and national issues by methodologies used in the disciplines of Political Science and International Relations; chooses the appropriate analysis techniques across the issues and applies the appropriate empirical studies.
PLO03 Bilgi - Kuramsal, Olgusal Becomes skilful at following and interpreting different social areas in international and national levels and also applies the problem-solving oriented practices.
PLO04 Bilgi - Kuramsal, Olgusal Collects, reviews and analyzes the data obtained which necessary for modelling applications in the Social Science. 5
PLO05 Bilgi - Kuramsal, Olgusal Individually and/or in a team, takes responsibility, leadership, and works effectively. 4
PLO06 Beceriler - Bilişsel, Uygulamalı In recognition of the need for lifelong learning, follows the latest developments in the field and improves himself/herself. 4
PLO07 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Uses Turkish, and at least one more foreign language, in accordance with the requirements of academic and work life. 5
PLO08 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Understands and interprets the feelings, thoughts and behaviors of related persons correctly; and expresses himself/herself in written and oral forms accurately.
PLO09 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development. 4
PLO10 Yetkinlikler - Öğrenme Yetkinliği Questions traditional approaches, practices and methods; and develops and applies new study methods if necessary. 4
PLO11 Yetkinlikler - Öğrenme Yetkinliği Recognizes and implements social, scientific and professional ethical values. 4
PLO12 Yetkinlikler - Öğrenme Yetkinliği Develops skills of defining and analyzing the international, regional and national oriented issues, producing appropriate conflict-resolution techniques and negotiation skills.
PLO13 Yetkinlikler - Öğrenme Yetkinliği Develops critical thinking skills.


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 Theoretical Revision Reading course books and materials Öğretim Yöntemleri:
Anlatım, Tartışma
16 Revision (Applications) Doing the end of chapter questions. Öğretim Yöntemleri:
Alıştırma ve Uygulama, Soru-Cevap, Tartışma
17 final exam prepare 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: 13.05.2024 11:17