Course Name Code Semester T+U Hours Credit ECTS
Introduction To Economics IKT 101 1 4 + 0 4 5
Precondition Courses
Recommended Optional Courses
Course Language Turkish / English
Course Level Bachelor's Degree
Course Type Compulsory
Course Coordinator SALİH ŞİMŞEK
Course Assistants Research Assistants
Course Category
Course Objective Comprehension of economic life, being understood of economic concepts used in actual life and learning of rationality in economic decision processes. Getting general knowledge about Gross National Product, Money, International Economic Activities, Economic Growth, Economic Thought and Systems
Course Content In this course; economic life, economic activity, actors of economic activity, behaviour forms of these actors, utility and profit maximization, formation of national income , Money and Its functions, economic growth and economic systems will be taught at initial level
# Course Learning Outcomes Teaching Methods Assessment Methods
1 Define the basic concepts and principles, which are required for economic analysis. , , , ,
2 Define and interpret the demand and supply functions and the determinants of them. , , , ,
3 Demonstrate the main effects of the changes in the demand and supply curves in order to analyse the market equilibrium. , , , ,
4 Analyse the concept of elasticity, its measurement and economic effects. , , , ,
5 Make analyses by using the approaches of marginal utility approach and indifference curves in order to demonstrate how the consumer equilibrium is achieved. , , , ,
6 Analyse the concepts of marginal, average and total cost and the relations among them for achieving the firm equilibrium. , , , , ,
7 Interpret the differences between perfect competition and monopoly for classifying the markets. , , , ,
8 Explain and measure national income, unemployment, inflation and growth. , , , ,
9 Analyse the emergence and change of the national income equilibrium by the help of diagrams. , , , , ,
10 Explain the concept of multiplier, its measurement, features and limits while the expense items change. , , , ,
11 Debate the concept of money, its functions, types and systems. , , , ,
12 Analyse the money demand and supply by way of the equlilibrium of the money market. , , , ,
13 Analyse the models of AS and AD. , , , ,
14 Analyse income distribution , , , ,
15 Define the basic concepts of growth and international economics . , , ,
Week Course Topics Preliminary Preparation
1 To analysis at collected level the economic life,general concepts, economic activity and its actors, scarcity law, behavior of homoeconomicus,
2 Market, demand and elements affecting demand,Supply and elemets affecting supply, market equilibrium, changes in market balance
3 Elasticity, supply and demand elasticities, calculation forms and Its comments
4 Market Analyses: Taxes, Subsidies, Price Flooring and Price Ceilings
5 Consumers Optimal Choice: Utility analysis, indifference curves, and budget line, determination of consumer balance
6 Production theory: law of diminishing returns, isoquant curve, cost line, determination of long run production cost
7 Markets: Perfect Competition and Imperfect Competition.
8 Mid-Term Exams
9 Macroeconomics: GDP, Growth, Unemployment and Inflation calculations and their implications
10 Keynesian Macroeconomics: GDP Multiplier
11 Fiscal Policy in Open and Closed Economies
12 Money , Banking System, Monetary Theory and Policy
13 AS-AD Analysis
14 International Economics: Trade Theory and Policy
Course Notes
Course Resources
Order Program Outcomes Level of Contribution
1 2 3 4 5
1 The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand the economic problems but also to construct a model and defend in meaningful way.
2 They have knowledge about the microeconomic theory.
3 They have knowledge about the macroeconomic theory.
4 They have knowledge about the international economic theory.
5 They have ability to use mathematical and statistical methods.
6 They have ability to utilize fundamental econometric theories to provide economic problems.
7 They are intended to be expert in one of non departmental fields that they choose from the list of marketing, management, human resources management, corporate finance, public administration, and tourism management.
8 They are intended to be expert in one of departmental fields that they choose from the list of public finance, agricultural, environmental, natural resources, labor economics, economics of industrial organization, economics of property rights, international finance, money and banking, economic growth and development.
9 They have necessary knowledge of law and related skills that needed in both public and private sector.
10 They have necessary accountancy skills that needed in both public and private sector.
11 They have written and oral communication skills in a foreign language as well as in their native language.
12 They know how to use computer programs in both daily office usage and statistical data evaluations.
Evaluation System
Semester Studies Contribution Rate
1. Kısa Sınav 10
2. Kısa Sınav 10
1. Ödev 10
1. Ara Sınav 70
Total 100
1. Final 50
1. Yıl İçinin Başarıya 50
Total 100
ECTS - Workload Activity Quantity Time (Hours) Total Workload (Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 4 64
Hours for off-the-classroom study (Pre-study, practice) 16 3 48
Mid-terms 1 10 10
Quiz 2 10 20
Assignment 1 5 5
Final examination 1 10 10
Total Workload 157
Total Workload / 25 (Hours) 6.28
dersAKTSKredisi 5