ECOZ101 Introduction to Economics I

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

Information

Unit FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES
ECONOMICS PR. (ENGLISH)
Code ECOZ101
Name Introduction to Economics I
Term 2019-2020 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 Doç. Dr. İpek TEKİN GÖLPINAR
Course Instructor Dr. Öğr. Üyesi TOLGA KABAŞ (Güz) (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

Resources

Notes



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 - Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy 3
PLO01 - Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy 2
PLO01 - Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy 3
PLO01 - Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy 2
PLO02 - Define the role of pricing within the event advantage of the market economy 3
PLO02 - Define the role of pricing within the event advantage of the market economy 4
PLO02 - Define the role of pricing within the event advantage of the market economy 4
PLO02 - Define the role of pricing within the event advantage of the market economy 2
PLO03 - Define the role of the state in economy, money and financial policies, the central bank and the structure of the market 4
PLO03 - Define the role of the state in economy, money and financial policies, the central bank and the structure of the market 3
PLO03 - Define the role of the state in economy, money and financial policies, the central bank and the structure of the market 3
PLO03 - Define the role of the state in economy, money and financial policies, the central bank and the structure of the market 2
PLO04 - Perceive the costs and benefits arising from the global economy 4
PLO04 - Perceive the costs and benefits arising from the global economy 2
PLO04 - Perceive the costs and benefits arising from the global economy 4
PLO04 - Perceive the costs and benefits arising from the global economy 3
PLO05 - Produce nymerical and policy options when confronted with problems 2
PLO05 - Produce nymerical and policy options when confronted with problems 3
PLO05 - Produce nymerical and policy options when confronted with problems 3
PLO05 - Produce nymerical and policy options when confronted with problems 4
PLO06 - Use quantitative and qualitative techniques of model building, decoding and interpretation 3
PLO06 - Use quantitative and qualitative techniques of model building, decoding and interpretation 4
PLO06 - Use quantitative and qualitative techniques of model building, decoding and interpretation 4
PLO06 - Use quantitative and qualitative techniques of model building, decoding and interpretation 2
PLO07 - Use the theory of economics in the analysis of economic events 3
PLO07 - Use the theory of economics in the analysis of economic events 4
PLO07 - Use the theory of economics in the analysis of economic events 3
PLO07 - Use the theory of economics in the analysis of economic events 3
PLO08 - Use computer programs, do synthesis and present prepared data efficiently 3
PLO08 - Use computer programs, do synthesis and present prepared data efficiently 4
PLO08 - Use computer programs, do synthesis and present prepared data efficiently 4
PLO08 - Use computer programs, do synthesis and present prepared data efficiently 3
PLO09 - Apply the methods of economic analysis. 4
PLO09 - Apply the methods of economic analysis. 3
PLO09 - Apply the methods of economic analysis. 2
PLO09 - Apply the methods of economic analysis. 4
PLO10 - Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems 4
PLO10 - Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems 3
PLO10 - Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems 3
PLO10 - Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems 5
PLO11 - Take responsibility individually and/or in a team, take leadership and work effectively 3
PLO11 - Take responsibility individually and/or in a team, take leadership and work effectively 3
PLO11 - Take responsibility individually and/or in a team, take leadership and work effectively 4
PLO11 - Take responsibility individually and/or in a team, take leadership and work effectively 5
PLO12 - Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself 4
PLO12 - Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself 3
PLO12 - Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself 4
PLO12 - Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself 5
PLO13 - Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively 3
PLO13 - Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively 3
PLO13 - Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively 3
PLO13 - Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively 3
PLO14 - Use Turkish and at least one foreign language in accordance with the requirements of academic and work life 4
PLO14 - Use Turkish and at least one foreign language in accordance with the requirements of academic and work life 3
PLO14 - Use Turkish and at least one foreign language in accordance with the requirements of academic and work life 4
PLO15 - Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language 3
PLO15 - Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language 4
PLO15 - Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language 3
PLO16 - Question traditional attitudes, applications and methods, develop and apply new methods when needed. 4
PLO16 - Question traditional attitudes, applications and methods, develop and apply new methods when needed. 4
PLO16 - Question traditional attitudes, applications and methods, develop and apply new methods when needed. 3
PLO17 - Recognize and apply social, scientific and professional ethical values. 3
PLO17 - Recognize and apply social, scientific and professional ethical values. 5
PLO17 - Recognize and apply social, scientific and professional ethical values. 3


Week Plan

Week Topic Preparation Methods
1 Introduction to Main Concepts and Price Theory Reading course books
2 Supply and Demand Reading course books
3 Partial Market Equilibrium, Factors Affecting Supply and Demand Reading course books
4 Elasticity Practices and Consumer Theory Reading course books
5 Utility (Cardinal Approach), Utility (Ordinal Approach) Reading course books
6 Consumer Equilibrium, Producer Theory and Production Function Reading course books
7 Optimal Factor Composition, Cost Analysis and Price Theory Reading course books
8 Mid-term week prepare to exam
9 Profit Maximization, Perfect Competition Market and Imperfect Competitive Market Reading course books
10 Monopoly, Monopsony, Bilateral Monopoly, Monopolistic Competition and Oligopoly Reading course books
11 Production Factors Price Analysis and Pricing of Production Factors Reading course books
12 Labor and Wages; Land and Rant Reading course books
13 Capital and Interest Rate; Enterprise and Profit Reading course books
14 Distribution of Income, Urbanization and Environmental Economics Reading course books
15 Revision Reading course books
16 final exam prepare to exam
17 final exam prepare to exam


Assessment (Exam) Methods and Criteria

Assessment Type Midterm / Year Impact End of Term / End of Year Impact
1. Midterm Exam 100 40
General Assessment
Midterm / Year Total 100 40
1. Final Exam - 60
Grand Total - 100


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: 01.05.2025 12:18