Economic Theory (ECON501) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Economic Theory ECON501 Area Elective 3 0 0 3 5
Pre-requisite Course(s)
N/A
Course Language Turkish
Course Type Elective Courses
Course Level Social Sciences Master's Degree
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion, Question and Answer.
Course Coordinator
Course Lecturer(s)
  • Asst. Prof. Dr. Salih Ak
Course Assistants
Course Objectives To introduce students microeconomic and macroeconomic perspective.
Course Learning Outcomes The students who succeeded in this course;
  • To present students with the fundamental concepts and relations of micro and macro economics.
  • To provide students with analytic instruments to assess national and global economic issues.
  • To prepare students for further studies.
Course Content Supply and demand, consumer producer surplus, market response, elasticity, taxes, decision making, rational consumer, production decision, market structure.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 Introduction to Economics Krugman&Wells, Introduction
2 Basic Principles of Ecomics Ch:1 Krugman&Wells
3 Economics Models and Charts Ch: 2, Krugman&Wells,
4 Demand and Suply Ch:3, Krugman&Wells
5 Consumer and Producer Surplas Ch: 4 Krugman&Wells,
6 Market Response Ch:5, Krugman&Wells
7 Elasticity Ch:6, Krugman&Wells
8 Taxes Ch: 7, Krugman&Wells
9 Midterm
10 International Trade Ch: 8, Krugman&Wells
11 Decision Making Ch: 8, Krugman&Wells
12 Consumer Ch: 10-11, Krugman&Wells
13 Production Decision Ch: 12-13, Krugman&Wells
14 Macro Issues Ch: 1-2, Dornbusch&Fischer
15 Macro Concepts Ch:1-2. Dornbusch&Fischer
16 Final Exam

Sources

Course Book 1. Krugman, Paul ve Robin Wells; Mikro İktisat; Palme Yayıncılık; Ankara, 2010
2. Dornbusch, Rudiger, Stanley Fischer ve Richard Startz; Makroekonomi, Gazi Kitapevi, Ankara, 2007

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation - -
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments 4 20
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 40
Final Exam/Final Jury 1 40
Toplam 6 100
Percentage of Semester Work 60
Percentage of Final Work 40
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 To compare main microeconomic theories, approaches and make a critical evaluation of each X
2 To compare main macroeconomic theories, approaches and make a critical evaluation of each X
3 To apply mathematical modeling X
4 To employ statistical and econometric tools in analyzing an economic phenomena X
5 To analyze the main economic indicators and comment on them X
6 To acquire theoretical knowledge through literature survey and derive empirically confirmable hypothesis X
7 To make a research design and carry it out within predetermined time frames X
8 To be able to develop new approaches for complex problems in applied economics and/or apply statistical/econometric tools to new areas/problems X
9 To formulate and present policy recommendations based on academic research X
10 To combine economic knowledge with other disciplines in order to solve problems requiring scientific expertise X
11 To use information technology effectively X
12 To continue learning and undertake advanced research independently X

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours)
Laboratory
Application
Special Course Internship
Field Work
Study Hours Out of Class 14 4 56
Presentation/Seminar Prepration
Project
Report
Homework Assignments 4 10 40
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 30 30
Prepration of Final Exams/Final Jury 1 50 50
Total Workload 176