Course Information


Course Information
Course Title Code Semester L+U Hour Credits ECTS
INTRODUCTION TO ECONOMICS AYBS101 1. Semester 0 + 0 0 5.0

Prerequisites None

Language of Instruction Turkish
Course Level Bachelor's Degree
Course Type Compulsory
Mode of delivery
Course Coordinator
Instructors ANKUZEF ANKUZEF
Assistants
Goals This course aims to teach the basic concepts and analytical tools of the economics discipline.
Course Content This course consists of both microeconomics (first semester) and macroeconomics (second semester) subjects.Microeconomics topics include the basics of supply and demand, determination of prices and quantities under alternative market settings, and consequences of government intervention. Certain topics of law and economics are also discussed at certain detail. The macroeconomics part is reserved for national income accounts, determination of macroeconomics balance, unemployment, inflation, monetary policy, and fiscal policy.
Learning Outcomes 1) Students learn fundamentals of price and quantity formation under alternative market settings.
2) They interpret the possible consequences of public interventions to markets.
3) They understand the fundamental differences between micro-level and macro-level analyses.
4) They learn the basic macroeconomic concepts and interpret the relations between macroeconomic variables.
5) They learn the basics of law and economics discipline.

Weekly Topics (Content)
Week Topics Teaching and Learning Methods and Techniques Study Materials
1. Week Basic concepts and certain mathematical expressions Lecture; Question Answer
Debate
 Presentation (Including Preparation Time)
2. Week Demand, supply, and market equilibrium Lecture; Question Answer
Debate
 Presentation (Including Preparation Time)
3. Week Elasticity Lecture; Question Answer
Debate
 Presentation (Including Preparation Time)
4. Week Public intervention to markets Lecture; Question Answer; Discussion
Debate
 Presentation (Including Preparation Time)
5. Week Theory of consumption Lecture; Question Answer
Debate
 Presentation (Including Preparation Time)
6. Week Pareto-optimality and Kaldor-Hicks criterion Lecture; Question Answer
Debate
 Presentation (Including Preparation Time)
7. Week Production and costs Lecture; Question Answer
Debate
 Presentation (Including Preparation Time)
8. Week Theory of firm Lecture; Question Answer
Debate
 Presentation (Including Preparation Time)
9. Week Monopoly Lecture; Question Answer; Discussion
Debate
 Presentation (Including Preparation Time)
10. Week Monopolistic competition and oligopoly Lecture; Question Answer; Discussion
Debate
 Presentation (Including Preparation Time)
12. Week Externalities and the Coasean approach Lecture; Problem Solving; Discussion; Case Study
Debate
 Presentation (Including Preparation Time)
13. Week Mid-term exam Question Answer
Debate
 Presentation (Including Preparation Time)
14. Week National accounts Lecture
Debate
 Presentation (Including Preparation Time)
15. Week National income balance and Keynesian multiplier Lecture
Debate
 Presentation (Including Preparation Time)
16. Week Fiscal policy Lecture; Discussion
Debate
 Presentation (Including Preparation Time)
17. Week Money, financial institutions, and monetary policy Lecture; Question Answer
Debate
 Presentation (Including Preparation Time)
18. Week Money demand and interest rates Lecture; Question Answer; Discussion
Debate
 Presentation (Including Preparation Time)
19. Week Determination of interest rates Lecture; Question Answer
Debate
 Presentation (Including Preparation Time)
20. Week Monetary policy, economic activity, and crowding-out Lecture; Question Answer
Debate
 Presentation (Including Preparation Time)
21. Week Economic policies and globalization Lecture; Discussion
Debate
 Presentation (Including Preparation Time)
22. Week Balance of payments Lecture; Question Answer
Debate
 Presentation (Including Preparation Time)
23. Week Unemployment Lecture; Discussion
Debate
 Presentation (Including Preparation Time)
24. Week Inflation Lecture; Question Answer; Discussion
Large Group Discussion
 Presentation (Including Preparation Time)
25. Week Income distribution Lecture; Question Answer; Discussion
Large Group Discussion
 Presentation (Including Preparation Time)

Sources Used in This Course
Recommended Sources
Coase, Ronald (1960): “The problem of social cost”, Journal of Law and Economics, vol. 3, pp. 1-44.
Ison, S. ve S. Wall, İktisada Giriş, 4. Baskı, Bilim Teknik Yayınevi, 2016

Relations with Education Attainment Program Course Competencies
Program RequirementsContribution LevelDK1DK2DK3DK4DK5
PY1555555
PY2555555
PY3555555
PY4555555
PY7555555

*DK = Course's Contrubution.
0 1 2 3 4 5
Level of contribution None Very Low Low Fair High Very High
.

ECTS credits and course workload
Event Quantity Duration (Hour) Total Workload (Hour)
Course Duration (Total weeks*Hours per week) 14 5
Work Hour outside Classroom (Preparation, strengthening) 14 5
Midterm Exam 1 2
Time to prepare for Midterm Exam 1 2
Final Exam 1 2
Time to prepare for Final Exam 1 2
Total Workload
Total Workload / 30 (s)
ECTS Credit of the Course
Quick Access Hızlı Erişim Genişlet
Course Information
  • Course Information
  • Weekly Topics (Content)
  • Sources Used in This Course
  • Relations with Education Attainment Program Course Competencies
  • ECTS credits and course workload