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 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	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
#	Program Qualifications / Competencies	1	2	3	4	5
1	Have a basic knowledge of theories, facts and principles related to tourism and tourism management.
2	To have information about the economic, cultural, social and environmental dimensions of tourism.
3	Have knowledge of general business and economics and understand the strategies of human resources management, food and beverage applications, accounting and finance, management and marketing and service marketing in tourism enterprises.					X
4	Knows the national and international legal regulations, social, environmental and professional ethical values related to the field of tourism and develops appropriate behaviors to ethics.
5	Demonstrates reading, comprehension, speaking and writing skills in English at least at the B2 level of European Language Portfolio					X
6	Demonstrates reading, comprehension, speaking and writing skills at a general level of European Language Portfolio A2 in Russian, French, German or Spanish.
7	Uses the information about Tourism and Hotel Management in the business settings and profession; use information and communication technologies and software related to the field.
8	Carries out the service processes related to Tourism and Hotel Management in line with the needs and demands of the consumers and proposes solutions to the problems that will affect the service processes.
9	Generates professional knowledge from the data and synthesizes, analyzes, interprets and evaluates the produced knowledge; gain the ability of doing research project preparation and using the information in solving the problems; makes personal and professional development permanent
10	He / she takes care of personal care, hygiene, clothing and appearance as required by the tourism sector.
11	Communicates effectively with written, oral, non-verbal and visual ways and demonstrates presentation skills, works effectively as a team and independently.
12	Recognize and understand different cultures and interact with guests from different cultures.

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