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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 Prof.Dr. NEJAT ERK Assoc.Prof.Dr. M.FATİH CİN Asst.Prof.Dr. ERHAN İŞCAN Learning Outcomes of the Course : Recognizes of the main concepts and key issues related to the science of economics comprehends the main fields of activity and learning methodology of economics Learns the basic branches of economics, macro-micro level Understands the Price theory, characteristics and properties of supply and demand law Has a comprehensive understanding of 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 definations os economics, its relations with other sciences such as sociology, law, mathematics,… Its two basic subjects are microeconomics and macroeconomics. We shall begin with microeconomics in the fall term. 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 be 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, problem session, and case studies 2 Supply and Demand Reading course book Lecture, problem session, and case studies 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 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   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 60     Homeworks/Projects/Others 2 40 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 Models problems with Mathematics, Statistics, and Econometrics 3 2 Explains Econometric concepts 3 3 Estimates the model consistently and analyzes & interprets its results 2 4 Acquires basic Mathematics, Statistics and Operation Research concepts 2 5 Equipped with the foundations of Economics, and develops Economic models 5 6 Describes the necessary concepts of Business 0 7 Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems 3 8 Collects, edits, and analyzes data 3 9 Uses a package program of Econometrics, Statistics, and Operation Research 5 10 Effectively works, take responsibility, and the leadership individually or as a member of a team 2 11 Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study 5 12 Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied 2 13 Uses Turkish and at least one other foreign language, academically and in the business context 1 14 Good understanding, interpretation, efficient written and oral expression of the people involved 2 15 Questions traditional approaches and their implementation while developing alternative study programs when required 3 16 Recognizes and implements social, scientific, and professional ethic values 4 17 Follows actuality, and interprets the data about economic and social events 4 18 Improves himself/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development 3 * 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 3 42 Assesment Related Works     Homeworks, Projects, Others 2 2 4     Mid-term Exams (Written, Oral, etc.) 1 1 1     Final Exam 1 2 2 Total Workload: 91 Total Workload / 25 (h): 3.64 ECTS Credit: 4