TÜRKÇE
ENGLISH
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 |
| 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 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 | Explain the basic concepts and theories within the disciplines of Political Science and International Relations. | 1 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Understands the methodologies used in the disciplines of Political Science and International Relations. | |
| PLO03 | Beceriler - Bilişsel, Uygulamalı | Gains the ability to follow, interpret and apply problem-solving techniques focused on problem solving in different social fields of international and national dimension. | |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Questions traditional approaches, practices and methods, develop and apply new working methods when necessary. | 5 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Recognize/apply social, scientific and professional ethical values. | 4 |
| PLO06 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Takes responsibility, leads and works effectively individually and/or in a team. | 4 |
| PLO07 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, follows the current developments in the field and improves himself/herself. | 5 |
| PLO08 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | To be able to use Turkish and at least one foreign language in accordance with the requirements of academic life and business life. | |
| PLO09 | Yetkinlikler - Alana Özgü Yetkinlik | Analyzes data related to social sciences. | 4 |
| PLO10 | Yetkinlikler - Alana Özgü Yetkinlik | Define and analyze political, economic and social problems of international, regional and national context. | 4 |
| PLO11 | Yetkinlikler - Alana Özgü Yetkinlik | Gains critical thinking skills in the field of social sciences. | 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 |
| 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 | ||