Erciyes University - Info Package

Course unit title	Level of course unit	Course unit code	Type of course unit	Semester of course unit	Local credit	ECTS credit	Syllabus
INTRODUCTION TO ECONOMICS I	Second cycle	B-İKT101		1	5.00	5.00	Print

Description of course unit

Prerequisites and course requisities	no prior condition
Language of instruction	Turkish
Coordinator	ASSOC PROF.DR. OĞUZHAN TÜRKER
Lecturer(s)	ASSOC. PROF. OĞUZHAN TÜRKER, ASST. PROF.DR. AYTEKİN ALTIPARMAK, ASST. PROF.DR. CÜNEYT DUMRUL, ASST. PROF.DR.RECEP ULUCAK
Teaching assitant(s)	-
Mode of delivery	Theoretical
Course objective	The main purposes of the courses is provide that students learn the basic concepts of microeconomics in the introduction level and understand developments in the economy in terms of academically. Also, this course provides that students gain a background in associated with microeconomics throughout their academic careers.
Course description	This course is to introduce students to the basic concepts of economics and to provide a basic understanding of individual economic decisions.

Course contents

1	Subject, Methodology and Principles of Economics
2	Economic Problem: Needs, Resources and Problem of Choice
3	Demand Function and Demand Elasticity
4	Supply Function and Supply Elasticity
5	Perfectly Competitive Markets and equilibrium
6	Utility and Consumer Preferences
7	Short Run Production function and Law of Diminishing Returns
8	Midterm exam
9	Long Run Production function and Isoquant Curve Analysis
10	The Costs of Production
11	Firm-equilibrium in perfect competition markets
12	Firm-equilibrium in Monopol
13	Imperfect Competition: Monopolistic Competition
14	Imperfect Competition: Oligopoly
15	Factor Markets and Demand for Inputs
16	Final exam
17	Final exam
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19
20

Learning outcomes of the course unit

1	Students will learn subject of economics and basic concepts of microeconomics
2	Students will be able to identify economic phenomena
3	Students will understand the necessity of making choices because of scarcity
4	Students will learn consumers’ economic decision-making process
5	Students will be able to identify market structure of goods and services
6	Students will be able to explain equilibrium of the firm under different market categories
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*Contribution level of the course unit to the key learning outcomes

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Number of stars refer to level of contribution from 1 (the least) to 5 (the most)

Planned learning activities, teaching methods and ECTS work load

	Quantity	Time (hour)	Quantity*Time (hour)
Lectures (face to face teaching)	14	3	42
Study hours out of classroom (study before and after the class)	14	3	42
Homework	0	0	0
Presentation / seminar	0	0	0
Quiz	0	0	0
Preparation for midterm exams	1	12	12
Midterm exams	1	1	1
Project (term paper)	0	0	0
Laboratuar	0	0	0
Field study	0	0	0
Preparation for final exam	1	15	15
Final exam	1	1	1
Research	0	0	0
Total work load			113
ECTS			5.00

Assessment methods and criteria

Evaluation during semester	Quantity	Percentage
Midterm exam	1	100
Quiz	0	0
Homework	0	0
Semester total		100
Contribution ratio of evaluation during semester to success		40
Contribution ratio of final exam to success		60
General total		100

Recommended and required reading

Textbook	DİNLER, Zeynel, İktisada Giriş, Ekin Kitabevi, 19. Basım, Bursa, 2013.
Additional references	-

Files related to the course unit