Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
ECO101INTRODUCTION TO ECONOMICS ICompulsory113
Level of Course Unit
First Cycle
Objectives of the Course
The course aims to provide the students with a general knowledge on the basic concepts of microeconomics, economic behavior of households and firms, production process and cost formation, price system, functioning of commodity and factor markets, market structures and income distribution.
Name of Lecturer(s)
Dr. Öğr. Üyesi Utku AKSEKİ
Learning Outcomes
1Learning the basic economic concepts,
2 Learning to make rational decisions and making choices
3 Analyze consumer and producer behavior,
4 Analyze market demand and determinants,
5To be able to analyze market structures,
6 To be able to understand the role of government in micro economy
7To be able to analyze income distribution
Mode of Delivery
Face to Face
Prerequisites and co-requisities
Recommended Optional Programme Components
Course Contents
• Economic concepts, • Scarcity and choice, • Consumer demand, • Supply and market balance, • Flexibility, • Household behavior, • Consumer balance, • Production and costs, • Producer balance, • Goods markets, • Input markets, • General balance, • Income distribution
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1Microeconomic concepts (economics, demands, needs, goods and services, scarcity, choice, opportunity-oriented, demand, supply and economic conditions), economic decision-making units
2Determinants of demand and supply, obtaining demand and supply curves, changes in demand and supply
3 Market equilibrium and changes in balance, government interventions (ceiling and base price applications)
4Demand and supply elasticities; determinants of flexibility
5Consumer preferences and choices; benefit measurement
6Budget constraint, benefit maximization (consumer equilibrium) and changes in equilibrium
7Short and long term production process and firm behavior that maximizes profit in both periods
8Short-term costs and long-term costs and production decisions; economies of scale,
9Goods markets: perfect competition market
10 Monopoly market
11Monopolistic competition markets
12Oligopoly and game theory
13 Introduction to factor markets
14 General balance and efficiency
15 Income distribution and poverty
16FINAL
Recommended or Required Reading
• Karl E.Case, Ray C.Fair ve Sharon M.Oster , Principles of Economics, Nineth Edition, 2010. • Michael Parkin, Economics, Sixth Edition 2003 Erdal M. Ünsal, Mikroiktisada Giriş, 6. Baskı, 2005.
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination1100
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Examination1100
SUM100
Term (or Year) Learning Activities40
End Of Term (or Year) Learning Activities60
SUM100
Language of Instruction
Turkish
Work Placement(s)
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
TOTAL WORKLOAD (hours)0
Contribution of Learning Outcomes to Programme Outcomes
PO
1
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5
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6
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7
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8
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9
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10
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11
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13
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14
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PO
24
LO1                   5    
LO2         5              
LO3                  4     
LO4                  4    4
LO5         5              
LO6                5      4
LO7         4              
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Ege University, Bornova - İzmir / TURKEY • Phone: +90 232 311 10 10 • e-mail: intrec@mail.ege.edu.tr