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 |
| 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 | ||