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 3 0 0 3 5
Pre-requisite Course(s)
N/A
Course Language English
Course Type N/A
Course Level Bachelor’s Degree (First Cycle)
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion, Question and Answer, Drill and Practice.
Course Coordinator
Course Lecturer(s)
  • Instructor Dr. Esra Şengör Şenalp
Course Assistants
Course Objectives The principal objective of ECON 101 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 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 Introduction
2 The Economic Problem: Scarcity and Choice Case & Fair 7th Edition, pp. 23-42
3 Demand, Supply and Market Equilibrium Case & Fair 7th Edition, pp. 43-71
4 Demand and Supply Applications and Elasticity Case & Fair 7th Edition, pp. 71-100
5 Household Behavior and Consumer Choice Case & Fair 7th Edition, pp. 101-128
6 The Production Process Case & Fair 7th Edition, pp. 129-150
7 Short–Run Costs Case & Fair 7th Edition, pp. 151-172
8 Long–Run Costs Case & Fair 7th Edition, pp. 173-196
9 General Equilibrium Case & Fair 7th Edition, pp. 233-252
10 Monopoly Case & Fair 7th Edition, pp. 253-280

Sources

Course Book 1. Case & Fair, Priniples of Economics, 7th Edition

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation - -
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments 1 15
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 35
Final Exam/Final Jury 1 50
Toplam 3 100
Percentage of Semester Work
Percentage of Final Work 100
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 1 - To be able to utilize the theoretical and practical knowledge acquired in the fields of International Trade and Logistics with an interdisciplinary approach in developing expertise on the track of the progress in the globalized business world X
2 2 - To exercise managerial skills by conducting his/her competences in the fields of International Trade and Logistics actively into real processes X
3 3 - To be able to communicate effectively both in written and oral forms with the peers in the department where he/she holds a position and organize professional development activities X
4 4 - To assess the basic and current dynamics of flexible and open fields of International Trade and Logistics in a theoretical framework X
5 5 - To solve the complex problems in the fields of International Trade and Logistics with analytic and independent thinking ability and capability to synthesize them with embracing versatility X
6 6 - To keep professional capabilities updated through improving business practicum by keeping track of the changes and innovations in the sector X
7 7 - To have the characteristics to interpret, inquire and deepen the knowledge acquired during the education process within the existing economic conjuncture X
8 8 - To have the necessary organizational skills and responsibility to create flexible, efficient and rapid solutions to the existing and possible problems with an innovative approach by facilitating sectoral coordination through the practices of International Trade and Logistics. X
9 9 - To be able to use the current and widely used field specific information and software programs besides having up-to-date technical equipment and multiple language skills needed by private sector in both national and international platforms. X
10 10 - To possess the competency in the English language to be able to communicate in every platform effectively, due to the international characteristic of the field they studied X
11 11 - To become individuals having high intellectual and social capacity, vision and moral values and the ability to adapt to group communication 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
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 2 2
Prepration of Final Exams/Final Jury 1 3 3
Total Workload 117