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INTRODUCTION TO ECONOMICS I COURSE IDENTIFICATION AND APPLICATION INFORMATION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
EKF109 INTRODUCTION TO ECONOMICS I 1 3 3 4

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY

Week Preparatory Topics(Subjects) Method
1 Review of course syllabus Introduction of the course and course syllabus. Fundamentals of economics, its importance and relation with other sciences Introduction to basic concepts Narration, question and answer
2 Reading the related chapter from lecture sources. Monitoring of current economic developments. Demand Narration, Case Study
3 Reading the related chapter from lecture sources. Monitoring of current economic developments. Supply Narration, Case Study
4 Reading the related chapter from lecture sources. Monitoring of current economic developments. Market Balance Narration, Case Study
5 Reading the related chapter from lecture sources. Monitoring of current economic developments. Flexibility Narration, Case Study
6 Reading the related chapter from lecture sources. Monitoring of current economic developments. Price controls of governments and supply-demand equilibrium: Minimum and maximum price practice, minimum wage Narration, Case Study
7 Reading the related chapter from lecture sources. Monitoring of current economic developments. Price controls of governments and supply-demand equilibrium: Rent controls, taxation Narration, Case Study
8 - MID-TERM EXAM -
9 Reading the related chapter from lecture sources. Monitoring of current economic developments. Consumer Behavior theory: Cardinal benefit approach Narration, Problem Solving
10 Reading the related chapter from lecture sources. Monitoring of current economic developments. Consumer Behavior theory: Ordinal benefit approach Narration, Problem Solving
11 Reading the related chapter from lecture sources. Monitoring of current economic developments. Production theory Narration
12 Reading the related chapter from lecture sources. Monitoring of current economic developments. Production costs Narration
13 Reading the related chapter from lecture sources. Monitoring of current economic developments. Markets: Full competition market, Monopoly market Markets: Monopolist competition market, Oligopoly market Narration
14 Reading the related chapter from lecture sources. Monitoring of current economic developments. Factor markets and distribution of income Narration
15 Preparation of questions for past week subjects General review Narration, question and answer
16 - FINAL EXAM -
17 - FINAL EXAM -