| Course Title | Code | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|
| Introduction to Economics I | İKT101 | 1. Semester | 4 + 0 | 4.0 | 5.0 |
| Prerequisites | None |
| Language of Instruction | Turkish |
| Course Level | Undergraduate |
| Course Type | |
| Mode of delivery | In Person |
| Course Coordinator |
Lect. HASAN HARMANCI |
| Instructor(s) |
HASAN HARMANCI |
| Assistants | |
| Goals | This course aims to comprehend the basic concepts and mechanisms in economics, to gain the ability to analyze economic events in microeconomic and macroeconomic dimensions and to provide a background for higher level economics courses. |
| Course Content | The Nature and Importance of Economic Science, Introduction to Price Theory-Demand and Supply, Determination of Equilibrium Price in Perfect Competition Market, Factors other than Price Affecting Supply and Demand, Supply, Demand and Elasticity Analysis, Consumer Theory, Producer Theory, Price Theory, Monopoly, Monopson and Monopolistic Competition Market, Oligopoly, Criticism of Price Theory and Goals other than Profit Maximization in Firm Decisions, Demand for Factors of Production: Marginal Productivity Theory, Labor and Wages, Land and Rent, Capital and Interest, Enterprise and Profit, Income Distribution Policy, Industrialization, Urbanization and Environmental Economics. |
| Learning Outcomes |
- Students will be able to define the basic concepts of economics. - Students will be able to explain the main actors in the economy and the relationships between these actors. - Students will be able to analyze basic mechanisms in a microeconomic context. |
| Week | Topics | Learning Methods |
|---|---|---|
| 1. Week | The Nature and Importance of Economics | Course Hours Preparation, After Class Study Visual Presentation Verbal Expression |
| 2. Week | Introduction to the Price Theory - Demand and Supply | Research Verbal Expression Visual Presentation Course Hours Preparation, After Class Study |
| 3. Week | Introduction to the Price Theory - Demand and Supply | Verbal Expression Visual Presentation Course Hours Preparation, After Class Study Research |
| 4. Week | Determination of Equilibrium Price in a Perfect Competition Market Non-Price Factors Affecting Supply and Demand Supply, Demand and Elasticity Analysis | Course Hours Preparation, After Class Study Research Visual Presentation Verbal Expression |
| 5. Week | Consumer Theory I | Verbal Expression Visual Presentation Course Hours Preparation, After Class Study Research |
| 6. Week | Producer Theory | Research Verbal Expression Visual Presentation Course Hours Preparation, After Class Study |
| 7. Week | Price Theory | Course Hours Preparation, After Class Study Research Visual Presentation Verbal Expression |
| 8. Week | MIDTERM EXAM | |
| 9. Week | Monopoly | Course Hours Preparation, After Class Study Verbal Expression Visual Presentation Research |
| 10. Week | Monopsony and Monopolistic Competition | Visual Presentation Course Hours Preparation, After Class Study Research Verbal Expression |
| 11. Week | Oligopoly Criticism of Price Theory and Goals other than Profit Maximization in Firm Decisions | Preparation, After Class Study Verbal Expression Visual Presentation Course Hours Research |
| 12. Week | Demand for Factors of Production: Marginal Productivity Theory Labor and Wages | Visual Presentation Course Hours Preparation, After Class Study Research Verbal Expression |
| 13. Week | Land and Rent Capital and Interest Enterprise and Profit | Research Visual Presentation Course Hours Preparation, After Class Study Verbal Expression |
| 14. Week | Income Distribution Policy Industrialization, Urbanization and Environmental Economics | Research Verbal Expression Visual Presentation Course Hours Preparation, After Class Study |
| İktisada Giriş- (Seyfettin Erdoğan &Osman Orhan) |
| İktisada Giriş- (Zeynel Dinler) |
| Program Requirements | Contribution Level | DK1 | DK2 | DK3 | Measurement Method |
|---|---|---|---|---|---|
| PY1 | 5 | 0 | 0 | 0 | - |
| PY2 | 4 | 0 | 0 | 0 | - |
| PY3 | 3 | 0 | 0 | 0 | - |
| PY4 | 1 | 0 | 0 | 0 | - |
| PY5 | 4 | 0 | 0 | 0 | - |
| PY6 | 4 | 0 | 0 | 0 | - |
| PY7 | 4 | 0 | 0 | 0 | - |
| PY8 | 3 | 0 | 0 | 0 | - |
| PY9 | 4 | 0 | 0 | 0 | - |
| PY10 | 3 | 0 | 0 | 0 | - |
| PY11 | 4 | 0 | 0 | 0 | - |
| PY12 | 4 | 0 | 0 | 0 | - |
| PY13 | 3 | 0 | 0 | 0 | - |
| PY14 | 2 | 0 | 0 | 0 | - |
| 0 | 1 | 2 | 3 | 4 | 5 | |
|---|---|---|---|---|---|---|
| Course's Level of contribution | None | Very Low | Low | Fair | High | Very High |
| Method of assessment/evaluation | Written exam | Oral Exams | Assignment/Project | Laboratory work | Presentation/Seminar |
| Event | Quantity | Duration (Hour) | Total Workload (Hour) |
|---|---|---|---|
| Course Hours | 14 | 3 | 42 |
| Preparation, After Class Study | 14 | 2 | 28 |
| Research | 6 | 2 | 12 |
| Other Activities | 5 | 2 | 10 |
| Verbal Expression | 4 | 2 | 8 |
| Visual Presentation | 5 | 2 | 10 |
| Practice | 2 | 1 | 2 |
| Midterm 1 | 1 | 1 | 1 |
| Homework 1 | 1 | 4 | 4 |
| Homework 2 | 1 | 3.5 | 3.5 |
| Final | 1 | 1 | 1 |
| Classroom Activities | 6 | 1 | 6 |
| Total Workload | 127.5 | ||
| ECTS Credit of the Course | 5.0 | ||
