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 Coordinator
Course Lecturer(s)
  • Instructor Dr. Esra Şengör Şenalp
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
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