Course Information
Course Title Code Semester T + P ECTS
Introduction to Economics IKT105 1 3 + 0 5

Prerequisites none

Language Turkish
Level Bachelor's Degree
Type Compulsory
Coordinator
Instructors
Goals To introduce the scope and basic concepts of economics and to teach the basic concepts such as supply, demand, consumer behaviour, economic facts and systematical relations between them.
Contents Supply, Demand, Market, Market Equilibrium, consumer behavior and production theory.
Work Placement(s) Absent

Number Learning Outcomes
1 Market concept and functioning of the market influenced the learned.
2 Market demand and supply balance of the impact of market changes and to interpret these changes.
3 The concept of elasticity, in price changes in the supply, demand, consumer spending and learn to calculate their impact on company revenue.
4 What constitutes the factors of production and in what circumstances demand and supply of has been learned.
5 Government Intervention discuss the impact on the market.

Mode of Delivery Face-to-Face
Planned Learning Activities & Teaching Methods lectures, guestions-answers, discussion
Assessment Methods intermediate examination, final exam



Course Content
Week Topics Study Materials
1 Explanation of economic concepts and cases Course material to be read subject to be covered
2 Examination of the concepts of supply and demand Course material to be read subject to be covered
3 Analysis of balance and imbalance of market Course material to be read subject to be covered
4 Government intervetion and its effect on market balance Course material to be read subject to be covered
5 Efficiency in perfect competition Course material to be read subject to be covered
6 Consumer balance (Cardinal approach) Course material to be read subject to be covered
7 Consumer balance (ordinal approach) Course material to be read subject to be covered
8 Price elasticity of demand Course material to be read subject to be covered
9 Income elasticity and cross-elasticity of demand Course material to be read subject to be covered
10 Short-term production function and diminishing returns Course material to be read subject to be covered
11 Long-term production function and economies of scale Course material to be read subject to be covered
12 Short- and long-term cost of production Course material to be read subject to be covered
13 Production possibilities curve Course material to be read subject to be covered
14 FINAL EXAM the topics to be studied throughout the period



Sources
Textbook lecture notes
Additional Resources Erdal Ünsal, İktisada Giriş, İmaj Yayınevi. Orhan Türkay, Mikro İktisat Teorisi, İmaj Yayınevi. Ersan Bocutoğlu, Metin Berber, Kenan Çelik, İktisada Giriş, Derya Kitabevi



Assessment System Quantity Percentage
In-Term Studies
Mid-terms 1 40
In-Term Total 1 40
Contribution of In-Term Studies to Overall 40
Contribution of Final Exam to Overall 60
Total 100





Course's Contribution to PLO
No Key Learning Outcomes Level
1 2 3 4 5
1 Has advanced knowledge about their area. x
2 Has the ability of transferring the knowledge about their area to their workers and peers x
3 Has the ability of interpreting and analyzing data, identifying and coming up with solutions and suggestions to the problems by using the knowledge about their area in their decisions, applications and attitudes. x
4 Does research and creates studies in their area. x
5 Takes on responsibility according to the project goals, as being project coordinator or project participant. x
6 Identifies goals and targets for the organization/institution. x
7 Evaluates the knowledge and skills learned in a judgmental manner. x
8 Indicates that he has comprehended that the need for learning process is continuous. x
9 Declares the thoughts and suggestions aroused from their knowledge and skills related to their area, in oral and written form. x
10 Communicates effectively with their peers.
11 Uses information and communication technologies with at least European Computer Advanced Operating License level according to requirements of their area.
12 Follows the progress of their area and communicates with their peers by using at least one foreign language, at a stage of Europe Language Portfolio B1 level.
13 Behaves respectfully to organization/institution, work and social ethic criteria. x
14 Analyses the organization/institution’s relations with stakeholders and manages it efficiently. x
15 Has the ability of encouraging innovation. x
16 Thinks judgmentally about the organization/institution x
17 Has the adequate consciousness about the universality of social rights, social justice, quality and cultural values, protecting the environment, work health and safety. x



ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
Activities Quantity Duration (Hour) Total Work Load (h)
Course Duration 14 3 42
Hours for off-the-classroom study (Pre-study, practice) 14 3 42
Mid-terms 1 24 24
Final examination 1 30 30
Total Work Load (h) 138
Total Work Load / 30 (h) 4.6
ECTS Credit of the Course 5