ECTS - Introduction to Economics I
Introduction to Economics I (ECON101) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Introduction to Economics I | ECON101 | 1. Semester | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Compulsory Departmental Courses |
| Course Level | Bachelor’s Degree (First Cycle) |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Demonstration, Discussion, Question and Answer. |
| Course Lecturer(s) |
|
| Course Objectives | The principal objective of this course is to introduce students microeconomics. This course focuses on development of basic theory of demand, supply, and market price and explores applications of selected microeconomic problems, such as basic monopoly and competition, and other issues that relate to the role of the pricing system in resource allocation and income distribution. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Introduction to demand, supply and market price formation; household behaviour; elasticity; production process; profit maximizing firm behavior; different market types such as monopoly, perfect competition, oligopoly. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Economics and Economic Reasoning | Colander 8th Edition, pp. 4-25 |
| 2 | The Production Possibility Model, Trade and Globalization | Colander 8th Edition, pp. 25-55 |
| 3 | Supply and Demand | Colander 8th Edition, pp. 83-106 |
| 4 | Using Supply and Demand | Colander 8th Edition, pp. 71-100 |
| 5 | Describing Supply and Demand: Elasticities | Colander 8th Edition, pp. 154-179 |
| 6 | Taxation and Government Intervention | Colander 8th Edition, pp. 179-198 |
| 7 | The Logic of Individual Choice | Colander 8th Edition, pp. 230-255 |
| 8 | Production and Cost Analysis I | Colander 8th Edition, pp. 276-295 |
| 9 | Production and Cost Analysis II | Colander 8th Edition, pp. 295-317 |
| 10 | Perfect Competition | Colander 8th Edition, pp. 317-340 |
| 11 | Monopoly | Colander 8th Edition, pp. 340-361 |
| 12 | Monopolistic Competition and Oligopoly | Colander 8th Edition, pp. 361-380 |
| 13 | Work and Labor Market | Colander 8th Edition, pp.430-459 |
| 14 | Market Failure vs Government Failure | Colander 8th Edition, pp. 485-505 |
| 15 | General Review | |
| 16 | Final Exam |
Sources
| Course Book | 1. Colander, David, Economics, 8th or 9th Edition, McGraw-Hill. |
|---|---|
| Other Sources | 2. Case, Karl E. and Fair, Ray C., Principles of Economics, 7th or 8th Edition, Pearson/Prentice Hall. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | - | - |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | 15 | 10 |
| Homework Assignments | 15 | 10 |
| Presentation | - | - |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 2 | 25 |
| Final Exam/Final Jury | 1 | 30 |
| Toplam | 33 | 75 |
| Percentage of Semester Work | 50 |
|---|---|
| Percentage of Final Work | 50 |
| Total | 100 |
Course Category
| Core Courses | X |
|---|---|
| Major Area Courses | |
| Supportive Courses | |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Acquiring the skills of understanding, explaining, and using the fundamental concepts and methods of economics | X | ||||
| 2 | Acquiring the skills of macro level economic analysis | |||||
| 3 | Acquiring the skills of micro level economic analysis | X | ||||
| 4 | Understanding the formulation and implementation of economic policies at the local, national, regional, and/or global level | X | ||||
| 5 | Learning different approaches on economic and related issues | X | ||||
| 6 | Acquiring the quantitative and/or qualitative techniques in economic analysis | X | ||||
| 7 | Improving the ability to use the modern software, hardware and/or technological devices | X | ||||
| 8 | Developing intra-disciplinary and inter-disciplinary team work skills | |||||
| 9 | Acquiring an open-minded behavior through encouraging critical analysis, discussions, and/or life-long learning | X | ||||
| 10 | Adopting work ethic and social responsibility | X | ||||
| 11 | Developing the skills of communication. | |||||
| 12 | Improving the ability to effectively implement the knowledge and skills in at least one of the following areas: economic policy, public policy, international economic relations, industrial relations, monetary and financial affairs. | X | ||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | 16 | 3 | 48 |
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 16 | 4 | 64 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | 6 | 1 | 6 |
| Quizzes/Studio Critics | 2 | 1 | 2 |
| Prepration of Midterm Exams/Midterm Jury | 2 | 3 | 6 |
| Prepration of Final Exams/Final Jury | 1 | 3 | 3 |
| Total Workload | 129 | ||