Education Information System

Course Title	Code	Semester	L+U Hour	Credits	ECTS
Introduction To Economics	ISL111	1. Semester	3 + 0	3.0	6.0

Prerequisites

None

Language of Instruction	Turkish
Course Level	Undergraduate
Course Type
Mode of delivery
Course Coordinator	Assist. Prof. Dr. Oğuz DEMİREL
Instructor(s)	Oğuz DEMİREL
Assistants
Goals	For the science of economics: consumption of production, economic systems, types of markets, national income, inflation, unemployment and foreign exchange markets to introduce the basic concepts, such as
Course Content	Consumer theory, elasticities, production theory, cost theory, national income, IS-LM curves, AS-AD curves
Learning Outcomes	- Pure: To analyze the theories of the basic concepts of the economy on the whole of Application: for quantities of economic variables (growth, inflation, etc.) measuring and interpreting - Application: for quantities of economic variables (growth, inflation, etc.) measuring and interpreting - Conceptual: Economy and economic policies of the basic concepts used in the literature to understand and interpret - Cognitive Application: Depending on the company conjuncture of the economy and corporate-based policy development and implementation - Learning Competency: Access to information and resources for this purpose do research, the ability to use databases and other information resources - Field-Specific Professional Competence: Professional ethics and responsibility. Perform market analysis, macro-economic policies of the appropriate target and strategy development

Week	Topics	Learning Methods
1. Week	İktisat Kavramı; kıtlık, seçim, sonsuz ihtiyaç, etkinlik, fırsat maliyet, rasyonel davranış kalıbı; Normatif iktisat, pozitif iktisat; İktisatta yöntem; Ekonomik sistemler	Verbal Expression Visual Presentation Course Hours
2. Week	Fayda, faydanın ölçülebilirliği, kardinalist/ordinalist fayda, marjinal fayda, toplam fayda, bütçe doğrusu, tüketici dengesi ve değişimi, Fiyat Tüketim eğrisi, gelir ve ikame etkileri (Hicks Slutsky yaklaşımı), gelir tüketim eğrisi, engel eğrisi ve engel kanunları, bireysel talep fonksiyonun türetilmesi	Course Hours Verbal Expression Visual Presentation
3. Week	Üretim kavramı ve üretim fonksiyonları, çok kısa dönem üretim fonksiyonu, kısa dönem üretim fonksiyonu ve azalan verimler kanunu, uzun dönem üretim fonksiyonu ve ölçeğe göre getiri, eş ürün eğrileri analizi, eş maliyet doğrusu, üretici dengesi ve dengenin değişimi Maliyetler ile ilgili kavramlar: açık maliyet, örtük maliyet; kısa dönem sabit, değişken ve toplam maliyetler, marjinal maliyet	Course Hours Verbal Expression Visual Presentation
4. Week	Talep ve talep fonksiyonu, Bireysel ve piyasa talep eğrileri, talebi belirleyen faktörler, talep değişmesi ve talep kayması, talebin fiyat esnekliği, talebin gelir esnekliği, çapraz fiyat esnekliği, Arz ve arz fonksiyonu, arzı belirleyen faktörler, arzın değişmesi ve arzın kayması, arzın fiyat esnekliği, arzın maliyet esnekliği, arzın çapraz fiyat esnekliği	Verbal Expression Visual Presentation Course Hours
5. Week	Piyasanın tanımı, piyasa türleri, piyasa dengesi (arz-talep eşitliği), kararlı kararsız denge, piyasa dengesinin değişmesi, üretici ve tüketici rantı, piyasanın düzenlenmesi (tavan fiyat, taban fiyat, vergilendirme ve sübvansiyon) Cobbweb teoremi, King Kanunu	Course Hours Verbal Expression Visual Presentation
6. Week	Tam rekabet Piyasası; piyasasının temel varsayımları, kısa dönem firma dengesi, uzun dönem firma dengesi, endüstri arz eğrisi ve maliyetler, endüstri arz eğrisinin esnekliği; Monopol Piyasası: Monopolün tanımı ve kaynakları, monopolde kısa dönem firma dengesi, hasılat esneklik fiyat ilişkisi, monopol gücünün ölçülmesi, fiyat farklılaştırması; Monopolcü Rekabet Piyasası	Course Hours Verbal Expression Visual Presentation
7. Week	The labor demand curve, marginal revenue product of labor, marginal input costs, labor supply curve of labor market equilibrium, partial equilibrium transition to the overall balance, the overall balance and efficiency, effectiveness, Edgeworth box, consumption activity and the contract curve, the production efficiency and the contract curve the production possibilities curve and conversion rate, simultaneous exchange and production efficiency (pareto optmalitesi); Market Failures	Course Hours Verbal Expression Visual Presentation
8. Week	Overview	Course Hours Verbal Expression
9. Week	Concept of Macro Economics: Macro-economics - micro-economic differences, study areas of macro economics, macro economics methods; Measurement of Gross Domestic Product (GDP): the production approach, expenditure approach, income approach, GDP and related quantities: ReelGSYİH, Gross National Product , Net domestic Product, National Income, Personal Income, Disposable Personal Income, unemployment, Measurement, Measuring inflation (CPI - PPI), Measurement of the growth rate, Okun Law	Course Hours Verbal Expression Visual Presentation
10. Week	Classical Macro-economic approach: the basic assumptions of classical economics, Product, the savings-investment identity, Classical interest rate theory; Total planned expenditure: consumption function, saving function, investment function, Public Expenditure, expenditure equation: the goods market, equilibrium formation and change,	Course Hours Verbal Expression Visual Presentation
11. Week	Definition of Money, functions and monetary systems, Classical money demand: Quantity Theory (Yale-Fisher Approach, Cambridge Approach), Keynes's theory of the demand for money: Liquidity Preference Theory, Baumol-Tobin model of money demand, Tobin model of money demand risk, Modern Quantity Theory of money Supply: banks create money (deposit money), Money multiplier, the determinants of the money supply, monetary policy and tools	Course Hours Verbal Expression Visual Presentation
12. Week	Multiplier Mechanism: The investment multiplier, multiplier transfer expenditures, tax multiplier, government spending multiplier, net foreign trade multiplier; inflationary Deflasyonist open and fiscal policy; Goods and Money Markets interaction; Derivation of the IS Curve, Launching the slope and location; Money Supply and Demand money market equilibrium	Visual Presentation Course Hours Verbal Expression
13. Week	Inflation and inflation causes effects on inflation, monetary and fiscal policies; Adaptive Anti-inflationary policies under the assumption that expectations and Rational Expectations; Cost of Inflation, Unemployment and Employment Concepts, Types of Unemployment, Unemployment and Inflation Relationship, Phillips Curve, Short and Long-run Phillips Curve	Course Hours Verbal Expression Visual Presentation
14. Week	Aggregate Demand curve: curve derivation (Keynesian approach, Pigou approach), the slope and location; Monetary and Fiscal Policies simultaneous effects, the budget deficit concepts, supply-side economics and budget deficits, financing of the budget deficit, budget deficit, seigniorage and inflation	Verbal Expression Visual Presentation Course Hours

ÜNSAL Erdal (2007), “Introduction to Economics", Image publisher, Ankara, 2007

Program Requirements	Contribution Level	DK1	DK2	DK3	DK4	DK5	DK6	Measurement Method
PY1	5	2	2	3	3	4	5	40,60
PY2	4	2	2	3	3	4	5	40,60
PY3	4	2	2	3	3	4	5	40,60
PY4	5	2	2	3	3	4	5	40,60
PY5	4	2	2	3	3	4	5	40,60
PY6	5	2	2	3	3	4	5	40,60
PY7	5	2	2	3	3	4	5	40,60
PY8	4	2	2	3	3	4	5	40,60
PY9	4	2	2	3	3	4	5	40,60
PY10	2	2	2	3	3	4	5	40,60
PY11	4	2	2	3	3	4	5	40,60
PY12	4	2	2	3	3	4	5	40,60
PY13	4	2	2	3	3	4	5	40,60

*DK = Course's Contrubution.

	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)
Midterm 1	1	1	1
Midterm 2	1	1	1
Homework 1	1	50	50
Homework 2	1	30	30
Final	1	30	30
Classroom Activities	1	41	41
Total Workload			153
ECTS Credit of the Course			25.5 6.0