Economic Theory (ECON501) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Economic Theory ECON501 3 0 0 3 5
Pre-requisite Course(s)
Course Language Turkish
Course Type N/A
Course Level Social Sciences Master's Degree
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion, Question and Answer.
Course Coordinator
Course Lecturer(s)
  • Asst. Prof. Dr. Salih Ak
Course Assistants
Course Objectives To introduce students microeconomic and macroeconomic perspective.
Course Learning Outcomes The students who succeeded in this course;
  • To present students with the fundamental concepts and relations of micro and macro economics.
  • To provide students with analytic instruments to assess national and global economic issues.
  • To prepare students for further studies.
Course Content Supply and demand, consumer producer surplus, market response, elasticity, taxes, decision making, rational consumer, production decision, market structure.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 Introduction to Economics Krugman&Wells, Introduction
2 Basic Principles of Ecomics Ch:1 Krugman&Wells
3 Economics Models and Charts Ch: 2, Krugman&Wells,
4 Demand and Suply Ch:3, Krugman&Wells
5 Consumer and Producer Surplas Ch: 4 Krugman&Wells,
6 Market Response Ch:5, Krugman&Wells
7 Elasticity Ch:6, Krugman&Wells
8 Taxes Ch: 7, Krugman&Wells
9 Midterm
10 International Trade Ch: 8, Krugman&Wells
11 Decision Making Ch: 8, Krugman&Wells
12 Consumer Ch: 10-11, Krugman&Wells
13 Production Decision Ch: 12-13, Krugman&Wells
14 Macro Issues Ch: 1-2, Dornbusch&Fischer
15 Macro Concepts Ch:1-2. Dornbusch&Fischer
16 Final Exam


Course Book 1. Krugman, Paul ve Robin Wells; Mikro İktisat; Palme Yayıncılık; Ankara, 2010
2. Dornbusch, Rudiger, Stanley Fischer ve Richard Startz; Makroekonomi, Gazi Kitapevi, Ankara, 2007

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation - -
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments 4 20
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 40
Final Exam/Final Jury 1 40
Toplam 6 100
Percentage of Semester Work 60
Percentage of Final Work 40
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
1 2 3 4 5
1 1. To be able to combine and use the knowledge of their own undergraduate program area with the knowledge of business administration.
2 2. To have information about the structure and functioning of the financial system and each financial institution.
3 3. To have information about regulations and legislation related to financial institutions
4 4. To be able to see the risks that different financial institutions are exposed to and gain the ability to produce basic solutions.
5 5. To have knowledge about basic investment strategies.
6 6. Having knowledge about research methods and techniques and being able to use them.
7 7. To have information about the institutional characteristics of emerging and developed markets and investment strategies for bonds, stocks and derivatives in these markets.
8 8. To have the ability to reach scientific knowledge in the field of business, to monitor, evaluate and apply the current literature
9 9. To be able to transfer information about the business area by using effective verbal, written and visual communication methods.
10 10. To be aware of professional ethics, environmental awareness, sustainability, social responsibility, cultural, social and universal values
11 10. To be aware of professional ethics, environmental awareness, sustainability, social responsibility, cultural, social and universal values
12 11. To be able to work effectively with different disciplines or multicultural teams, to take responsibility, to make risk analysis, to keep up with change, to think critically and to use initiative in problem solving.
13 12. To have the ability to present a research problem, to develop hypotheses, to design research and to reach a conclusion by using qualitative/quantitative methods, by making the necessary literature review, and to have the ability to publish an academic publication as a result.

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours)
Special Course Internship
Field Work
Study Hours Out of Class 14 4 56
Presentation/Seminar Prepration
Homework Assignments 4 10 40
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 30 30
Prepration of Final Exams/Final Jury 1 50 50
Total Workload 176