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Course Description Course Name : Introduction To Economics I Course Code : EAS101 Course Type : Compulsory Level of Course : First Cycle Year of Study : 1 Course Semester : Fall (16 Weeks) ECTS : 4 Name of Lecturer(s) : Prof.Dr. HÜSEYİN MAHİR FİSUNOĞLU Assoc.Prof.Dr. M.FATİH CİN Prof.Dr. NEJAT ERK Asst.Prof.Dr. ERHAN İŞCAN Learning Outcomes of the Course : Recognize the main concepts and key issues related to the science of economics Learn about the main fields of activity and methodology of economics Learn the basic branches of economics, macro-micro level Understand the Price theory, characteristics and properties of supply and demand law Learn about the consumer theory and producer theory Mode of Delivery : Face-to-Face Prerequisites and Co-Prerequisites : None Recommended Optional Programme Components : None Aim(s) of Course : This is a two-term cource in economics. We will try to understand the basic concepts and definitions of economics, its relations with other sciences such as sociology, law, mathematics,… Its two basic subjects are microeconomics and macroeconomics. We shall begin with microeconomics. Course Contents : It deals with "micro" units in economics such as individual or households, firms (big or small), and the relationships between them. As we learned about supply, demand, scarcity, efficiency and productivity, the price system, households, firms, markets (perfectly competitive or imperfectly competitive or factors of production) , we will understand the way we get rational decisions, and rational choice. Language of Instruction : Turkish Work Place : Faculty Classroom   Course Outline /Schedule (Weekly) Planned Learning Activities Week Subject Student's Preliminary Work Learning Activities and Teaching Methods 1 Introduction to Main Concepts and Price Theory Reading course book Lecture 2 Supply and Demand Reading course book Lecture 3 Partial Market Equilibrium, Factors Affecting Supply and Demand Reading course book Lecture, problem session, and case studies 4 Elasticity Practices and Consumer Theory Reading course book Lecture, problem session, and case studies 5 Utility (Cardinal Approach), Utility (Ordinal Approach) Reading course book Lecture, problem session, and case studies 6 Consumer Equilibrium, Producer Theory and Production Function Reading course book Lecture, problem session, and case studies 7 Optimal Factor Composition, Cost Analysis and Price Theory Reading course book Lecture, problem session, and case studies 8 Mid-term week Preperation for the exam Written exam 9 Profit Maximization, Perfect Competition Market and Imperfect Competitive Market Reading course book Lecture, problem session, and case studies 10 Monopoly, Monopsony, Bilateral Monopoly, Monopolistic Competition and Oligopoly Reading course book Lecture, problem session, and case studies 11 Production Factors Price Analysis and Pricing of Production Factors Reading course book Lecture, problem session, and case studies 12 Labor and Wages; Land and Rant Reading course book Lecture, problem session, and case studies 13 Capital and Interest Rate; Enterprise and Profit Reading course book Lecture, problem session, and case studies 14 Distribution of Income, Urbanization and Environmental Economics Reading course book Lecture, problem session, and case studies 15 Revision Reading course book Lecture, problem session, and case studies 16/17 Final Exam Preperation for the exam Written exam   Required Course Resources Resource Type Resource Name Recommended Course Material(s)  Prof. Dr. Zeynel DİNLER, İktisada Giriş Ekin Kitabevi Yayınları 2009 Required Course Material(s)   Assessment Methods and Assessment Criteria Semester/Year Assessments Number Contribution Percentage     Mid-term Exams (Written, Oral, etc.) 1 100     Homeworks/Projects/Others 0 0 Total 100 Rate of Semester/Year Assessments to Success 40   Final Assessments 100 Rate of Final Assessments to Success 60 Total 100   Contribution of the Course to Key Learning Outcomes # Key Learning Outcome Contribution* 1 Use the basic enterprise resource planning (ERP) softwares 2 2 List and define the concepts of business management, and explain their relations to each other 2 3 List and define the fundamental conceptual models, numerical and statistical techniques of business administartion and identify their advantages and disadvantages. 3 4 List and define the relationship between the basic concepts of economy and business management ; indicate the strong and weak sides of each method. 1 5 Explain how to create the fundamental conceptual models and how to apply numerical and statistical techniques that are used in business administration. 2 6 Explain how to interpret the results gathered through the application and/or implementation of conceptual models and/or numerical and statistical methods of business management. 2 7 Determine appropriate methods to solve business problems 5 8 Evaluate the results that are obtained from applications of business management methods 2 9 Use the basic numerical and statistical softwares 5 10 Follow latest developments in the field, and sustain personal and professional development with the awareness of the necessity of life long learning 3 11 Use different resources in accordance with academic principles, synthesize the data gathered, and present them effectively in an unfamiliar field. 3 12 Use Turkish and at least one foreign language in accordance with the requirements in academic and business context 1 13 Perceive and interpret the feelings, ideas and behaviours of people appropriately, and express himself/herself accurately in written or oral format 2 14 Question traditional approaches, methods and implementations; develop and implement alternative methods when required 3 15 Recognize and apply social, scientific and professional ethical values. 4 16 Determine the most appropriate approaches, implementations and methods of business management considering sectors, their sizes, resources, cultures, goals and objectives 4 17 Monitor external factors such as industrial structures, competition, technologies, economics, politics, cultures that affects the activities of businesses and interpret their impact on businesses 3 18 Take initiative individually or/and as a member of a team, lead and work effectively 4 19 As well as professional development, improve him-/herself continuously in scientific, social, cultural and artistic fields according to his/her interests and abilities, identifying needs of learning. 0 * Contribution levels are between 0 (not) and 5 (maximum).   Student Workload - ECTS Works Number Time (Hour) Total Workload (Hour) Course Related Works     Class Time (Exam weeks are excluded) 14 3 42     Out of Class Study (Preliminary Work, Practice) 14 4 56 Assesment Related Works     Homeworks, Projects, Others 0 0 0     Mid-term Exams (Written, Oral, etc.) 1 1 1     Final Exam 1 2 2 Total Workload: 101 Total Workload / 25 (h): 4.04 ECTS Credit: 4