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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) : Assoc.Prof.Dr. M.FATİH CİN Asst.Prof.Dr. ERHAN İŞCAN Prof.Dr. HÜSEYİN MAHİR FİSUNOĞLU Prof.Dr. NEJAT ERK Asst.Prof.Dr. HAKKI ÇİFTÇİ Learning Outcomes of the Course : Recognize the main concepts and key issues related to the science of economics Focus on the main fields of activity and learning methodology of economics Learn the basic branches of economics, macro-micro level Understand the Price theory, characteristics and properties of supply and demand law Create awareness on the 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. It is aimed to teach the basic concepts and definitions in 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). Students are expected to understand the way we get rational decisions, and rational choice. Language of Instruction : Turkish Work Place : Faculty classrooms   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 books Lecture, problem session, and case studies 2 Supply and Demand Reading course books Lecture, problem session, and case studies 3 Partial Market Equilibrium, Factors Affecting Supply and Demand Reading course books Lecture, problem session, and case studies 4 Elasticity Practices and Consumer Theory Reading course books Lecture, problem session, and case studies 5 Utility (Cardinal Approach), Utility (Ordinal Approach) Reading course books Lecture, problem session, and case studies 6 Consumer Equilibrium, Producer Theory and Production Function Reading course books Lecture, problem session, and case studies 7 Optimal Factor Composition, Cost Analysis and Price Theory Reading course books Lecture, problem session, and case studies 8 Mid-term week Prepare for the exam Written Exam 9 Profit Maximization, Perfect Competition Market and Imperfect Competitive Market Reading course books Lecture, problem session, and case studies 10 Monopoly, Monopsony, Bilateral Monopoly, Monopolistic Competition and Oligopoly Reading course books Lecture, problem session, and case studies 11 Production Factors Price Analysis and Pricing of Production Factors Reading course books Lecture, problem session, and case studies 12 Labor and Wages; Land and Rant Reading course books Lecture, problem session, and case studies 13 Capital and Interest Rate; Enterprise and Profit Reading course books Lecture, problem session, and case studies 14 Distribution of Income, Urbanization and Environmental Economics Reading course books Lecture, problem session, and case studies 15 Revision Reading course books Lecture, problem session, and case studies 16/17 Final Exam Week Prepare for the exam Written Exam   Required Course Resources Resource Type Resource Name Recommended Course Material(s)  Prof. Dr. Zeynel Dinler: İktisada Giriş Prof. Dr. Erdal Ünsal: İktisada Giriş 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 Explain the importance of demand and supply in economy science and the well-running conditions of the market economy 4 2 Define the role of pricing within the event advantage of the market economy. 3 3 Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. 2 4 Perceive the costs and benefits arising from the global economy 2 5 Produce numerical and policy options when confronted with problems. 2 6 Use quantitative and qualitative techniques of model building, decoding and interpretation. 2 7 Use the theory of economics in the analysis of economic events. 3 8 Use computer programs, do synthesis and present prepared data efficiently. 2 9 Apply the methods of economic analysis. 2 10 Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems 2 11 Take responsibility individually and / or in a team, take leadership and work effectively. 2 12 Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. 2 13 Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. 2 14 Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. 2 15 Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. 2 16 Question traditional attitudes, applications and methods, develop and apply new methods when needed. 2 17 Recognize and apply social, scientific and professional ethical values. 2 * 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