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	Service Courses Taken From Other Departments
Course Level	Bachelor’s Degree (First Cycle)
Mode of Delivery	Face To Face
Learning and Teaching Strategies	Lecture, Demonstration, Discussion, Question and Answer.
Course Coordinator
Course Lecturer(s)	Asst. Prof. Dr. Eşref Uğur Çelik
Course Assistants
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; To learn how to apply the economic way of thinking to a variety of issues. To understand the basic themes in microeconomics To set the fundamentals of microeconomics that will be used in the further courses.
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
Major Area Courses
Supportive Courses	X
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

#	Program Qualifications / Competencies	Level of Contribution
#	Program Qualifications / Competencies	1	2	3	4	5
1	Having the conceptual and applied knowledge about the basic functions of the business and gaining the ability to use the knowledge
2	To be able to diagnose the problems related to the field of business, to use scientific approaches effectively in the solution of problems and decision-making processes.
3	To be able to reveal and analyze the environmental, social, global effects and legal consequences of the applications related to the basic functions of the business.
4	To be able to analyze information and reports that concern businesses at the national, regional and global level, to set strategic goals according to the results obtained					X
5	Gain the ability to use, report and interpret Business Information Systems and sub-modules required by business management
6	Planning necessary activities such as starting a new business with innovative and creative thinking and taking risks for the sustainability of the business, finding resources, making market analysis, preparing a business plan, and using the learned information in this direction.
7	Being aware of the fact that the research and learning process continues throughout life, to be able to follow the scientific and technological developments related to the business, to support oneself and the organization in innovation and continuous development.
8	To have the necessary leadership and managerial skills to achieve business objectives effectively and efficiently.
9	To be able to conduct scientific research in the field of business and report the results of the research to be used in managerial decision-making processes.
10	To be able to transfer information about the field of business using effective verbal, written and visual communication methods in the language of learning and professional English
11	To be aware of professional ethics, environmental awareness, sustainability, social responsibility, cultural, social and universal values
12	Working effectively with different disciplines or multicultural teams, taking responsibility, making risk analysis, adapting to change, critical thinking and using initiative in problem solving
13	.

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