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Description of Individual Course Units| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İKT1012013221 | INTRODUCTION TO ECONOMICS-I | Compulsory | 1 | 1 | 5 |
| | Level of Course Unit | | First Cycle | | Objectives of the Course | | The aim of the course is
• to provide students with background information on the nature of economics and the economic problem
• to give students the opportunity to build an understanding of economic institutions, history, and principles
| | Name of Lecturer(s) | | | Learning Outcomes | | 1 | Able to explain basic economic concepts and issues | | 2 | Able to explain develop working ability with graphics in economics | | 3 | To have the knowledge and skills of define the structure and properties of the markets in economics | | 4 | Able to explain the relationship between economic variables | | 5 | |
| | Mode of Delivery | | Evening Education | | Prerequisites and co-requisities | | None | | Recommended Optional Programme Components | | None | | Course Contents | | • The main principles of economics,
• The economic problem, scarcity,
• Choice and opportunity cost,
• Market mechanism: supply and demand analysis, supply and demand elasticities, consumer behaviour and theory, production and cost theory,
• Analysis of factor markets: labor, capital and natural resources markets, market types
| | Weekly Detailed Course Contents | |
| 1 | Introduction and importance of the subject, the basic principles of economy, economic issues. | | | | 2 | Scarcity, choice and benefit, the opportunity cost | | | | 3 | Specialization, exchange, and money. | | | | 4 | Demand, supply and price. | | | | 5 | The concept of flexibility and the determinants of supply and demand elasticities. | | | | 6 | Demand and supply applications. | | | | 7 | Demand, utility and consumer balance | | | | 8 | Mid-term Exam | | | | 9 | Production Theory | | | | 10 | Production and costs. | | | | 11 | Supply and pricing in competitive markets | | | | 12 | Monopoly | | | | 13 | Monopolistic competition and Oligopoly.
| | | | 14 | Monopoly-competition debate and the fight against monopolies. | | | | 15 | Factor Markets | | | | 16 | Final Exam | | |
| | Recommended or Required Reading | | Textbook
1 Parasız, İ., 2008. İktisada Giriş. Ezgi Kitabevi, Bursa.
Other References
1 Dinler, Z., 2007. İktisada Giriş. Ekin Kitabevi, Bursa
2 Orhan, O.Z., and Erdoğan, S., 2008. İktisada Giriş. Palme Yayıncılık, Ankara.
3 Mankiw, N.G., Principles of Economics. South-Western College Pub; 4 edition.
4 Lieberman, A., and Hall, R.E., 2004. Introduction to Economics (with InfoTrac ). South-Western College Pub; 2 edition
| | Planned Learning Activities and Teaching Methods | | | Assessment Methods and Criteria | |
| SUM | 0 | |
| SUM | 0 | | Yarıyıl (Yıl) İçi Etkinlikleri | 40 | | Yarıyıl (Yıl) Sonu Etkinlikleri | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
| | Workload Calculation | |
| Midterm Examination | 1 | 1 | 1 | | Final Examination | 1 | 1 | 1 | | Attending Lectures | 14 | 3 | 42 | | Observation | 14 | 5 | 70 | | Individual Study for Mid term Examination | 1 | 14 | 14 | | Individual Study for Final Examination | 1 | 22 | 22 | |
| Contribution of Learning Outcomes to Programme Outcomes | | | * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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