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 2023-2024 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 Öğr. Gör.Dr. MURAT PÜTÜN (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

Parkin, Michael. Economics, Twelfth or Thirteenth (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 at 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
LO06 Knows the characteristics of markets and can classify different types of markets.


Relation with Program Learning Outcome

Order Type Program Learning Outcomes Level
PLO01 Bilgi - Kuramsal, Olgusal Explain the basic concepts and theorems in the fields of Econometrics, Statistics and Operations research
PLO02 Bilgi - Kuramsal, Olgusal Acquires basic Mathematics, Statistics and Operation Research concepts
PLO03 Bilgi - Kuramsal, Olgusal Describes the necessary concepts of Business
PLO04 Beceriler - Bilişsel, Uygulamalı Equipped with the foundations of Economics, and develops Economic models 4
PLO05 Beceriler - Bilişsel, Uygulamalı Models problems with Mathematics, Statistics, and Econometrics
PLO06 Beceriler - Bilişsel, Uygulamalı Has the ability to analyze/interpret at the conceptual level to develop solutions to problems 5
PLO07 Beceriler - Bilişsel, Uygulamalı Collects/analyses data
PLO08 Bilgi - Kuramsal, Olgusal Interprets the results analyzed with the model
PLO09 Beceriler - Bilişsel, Uygulamalı Combines the information obtained from different sources within the framework of academic rules in a field which does not research 4
PLO10 Beceriler - Bilişsel, Uygulamalı It develops traditional approaches, practices and methods into new working methods when it deems necessary
PLO11 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Leads by taking responsibility individually and/or within the team 5
PLO12 Yetkinlikler - Öğrenme Yetkinliği In addition to herself/himself professional development, constantly improves in scientific, cultural, artistic and social fields in line with interests and abilities
PLO13 Yetkinlikler - Öğrenme Yetkinliği Being aware of the necessity of lifelong learning, it follows the current developments in the field / constantly renews itself 5
PLO14 Yetkinlikler - İletişim ve Sosyal Yetkinlik Uses a package program of Econometrics, Statistics, and Operation Research
PLO15 Yetkinlikler - İletişim ve Sosyal Yetkinlik Uses Turkish and at least one other foreign language, academically and in the business context 5
PLO16 Yetkinlikler - İletişim ve Sosyal Yetkinlik Interprets the feelings, thoughts and behaviors of the related persons correctly/expresses himself/herself correctly in written and verbal form
PLO17 Yetkinlikler - Alana Özgü Yetkinlik Interprets data on current economic and social issues 4
PLO18 Yetkinlikler - Alana Özgü Yetkinlik Applies social, scientific and professional ethical values


Week Plan

Week Topic Preparation Methods
1 What is Economics? Reading course books and materials. Öğretim Yöntemleri:
Anlatım
2 The Economic Problem: Scarcity and Choice Reading course books and materials. Öğretim Yöntemleri:
Anlatım, Soru-Cevap
3 The Economic Problem: Production Possibilities Frontier Reading course books and course materials. Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Alıştırma ve Uygulama
4 Demand and Supply Analysis Reading course books and materials. Öğretim Yöntemleri:
Anlatım, Soru-Cevap
5 Market Equilibrium Reading course books and materials. Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Alıştırma ve Uygulama
6 Elasticity Reading course books and materials. Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Alıştırma ve Uygulama
7 Consumer Choices Reading course books and materials. Öğretim Yöntemleri:
Anlatım
8 Mid-term week Preparation to exam Ölçme Yöntemleri:
Yazılı Sınav
9 Utility and Demand Reading course books and materials. Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Alıştırma ve Uygulama, Tartışma
10 Production: The Behaviour of Profit-Maximizing Firms Reading course books and materials. Öğretim Yöntemleri:
Anlatım
11 Output and Costs (Short Run and Long Run) Reading course books and materials. Öğretim Yöntemleri:
Anlatım
12 Markets: Perfect Competition Reading course books and materials. Öğretim Yöntemleri:
Anlatım, Soru-Cevap
13 Markets: Monopoly Reading course books and materials. Öğretim Yöntemleri:
Anlatım, Soru-Cevap
14 Markets: Monopolistic Competition Reading course books and materials. Öğretim Yöntemleri:
Anlatım, Soru-Cevap
15 Markets: Oligopoly and Game Theory Reading course books and materials. Öğretim Yöntemleri:
Anlatım, Soru-Cevap
16 Factor Markets Preparation to exam Öğretim Yöntemleri:
Anlatım
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: 10.05.2023 08:38