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	Gains the ability to use knowledge by acquiring conceptual and practical understanding of all core functions of business.
2	Identifies problems related to the field of business and effectively uses scientific approaches in problem-solving and decision-making processes.
3	Demonstrates and analyzes the environmental, social, global impacts and legal consequences of practices related to core business functions.
4	Analyzes information and reports relevant to businesses at national, regional, and global levels, and sets strategic goals based on the results obtained.					X
5	Gains the ability to use, report, and interpret Business Information Systems and their sub-modules required for business management.
6	Plans the necessary activities such as taking risks, securing resources, conducting market analysis, and preparing business plans for starting a new venture and ensuring its sustainability with innovative and creative thinking, and applies the acquired knowledge accordingly.
7	Supports oneself and the organization in terms of innovation and continuous improvement, while being aware that the process of research and learning is lifelong and following scientific and technological developments related to business.
8	Acquires the necessary leadership and managerial skills to achieve business objectives effectively and efficiently.
9	Conducts scientific research in the field of business and reports the research findings to be used in managerial decision-making processes.
10	Uses effective verbal, written, and visual communication methods to convey information related to the field of business in the language of instruction and professional English.
11	Develops awareness of professional ethics, environmental sensitivity, sustainability, social responsibility, and cultural, societal, and universal values.
12	Takes initiative in working effectively with different disciplines or multicultural teams, assuming responsibility, conducting risk analysis, adapting to change, and applying critical thinking and problem-solving skills
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