COURSE INTRODUCTION AND APPLICATION INFORMATION

dba.ieu.edu.tr

Course Name

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
	Fall

Prerequisites	None
Course Language
Course Type	Required
Course Level	-
Mode of Delivery	-
Teaching Methods and Techniques of the Course
Course Coordinator	Yrd. Doç. Dr. Gül ERTAN
Course Lecturer(s)	Yrd. Doç. Dr. Gül ERTAN Prof. Dr. Celal KÜÇÜKER Prof. Dr. Hadi Sacit AKDEDE Doç. Dr. Meneviş UZBAY
Assistant(s)	Araş. Gör. Esra ONATER Araş. Gör. Ayla ALKAN

Course Objectives
Learning Outcomes	The students who succeeded in this course; Will be able to define basic economic concepts such as scarcity, opportunity cost, elasticity, economic profit and marginal analysis. Will be able to explain the determinants of demand and supply. Will be able to show the change in market outcomes given a change in supply or demand. Will be able to explain the concept of market equilibrium. Will be able to present differences between perfect and imperfect competition. Will be able to compare economic theories of consumer and producer behaviour. Will be able to explain how the pursuit of profit leads to efficient outcomes. Will be able to explain the basic concepts of production, profit, and costs.
Course Description

Course Category	Core Courses	X
	Major Area Courses
	Supportive Courses
	Media and Managment Skills Courses
	Transferable Skill Courses

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week	Subjects	Required Materials
1	The Scope and Method of Economics	Case, Fair & Oster; Principles of Economics, Chapter 1 (Pearson Education International, 10th edition)
2	The Economic Problem: Scarcity and Choice	Case, Fair & Oster; Principles of Economics, Chapter 2 (Pearson Education International, 10th edition)
3	Demand, Supply, and Market Equilibrium	Case, Fair & Oster; Principles of Economics, Chapter 3 (Pearson Education International, 10th edition)
4	Holiday
5	Demand and Supply Applications and Elasticity	Case, Fair & Oster; Principles of Economics, Chapters 4&5 (Pearson Education International, 10th edition)
6	Household Behavior and Consumer Choice	Case, Fair & Oster; Principles of Economics, Chapter 6 (Pearson Education International, 10th edition)
7	First midterm exam	08.11.2013
8	The Production Process: The Behavior of ProfitMaximizing Firms	Case, Fair & Oster; Principles of Economics, Chapter 7 (Pearson Education International, 10th edition)
9	Short–Run Costs and Output Decisions	Case, Fair & Oster; Principles of Economics, Chapter 8 (Pearson Education International, 10th edition)
10	Long–Run Costs and Output Decisions	Case, Fair & Oster; Principles of Economics, Chapter 9 (Pearson Education International, 10th edition)
11	Input demand	Case, Fair & Oster; Principles of Economics, Chapter 10 & 11 (Pearson Education International, 10th edition
12	Second midterm exam	13.12.2013
13	General Equilibrium and the Efficiency of Perfect Competition	Case, Fair & Oster; Principles of Economics, Chapter 12 (Pearson Education International, 10th edition)
14	Imperpect competition	Case, Fair & Oster; Principles of Economics, Chapter 13,14 & 15 (Pearson Education International, 10th edition)
15	Externalities, Public goods, Social Choice	Case, Fair & Oster; Principles of Economics, Chapter 16 (Pearson Education International, 10th edition)
16	Review of the semester

Course Notes/Textbooks

Case, Karl; Fair, Ray; and Oster, Sharon; Principles of Economics with MyEconLab Student Access Card, Pearson – Prentice Hall, 10th edition, 2012. Students MUST buy the book. Assignments which make up 20% of your final grade and the problem sets that will be used in the recitations will be given through the online system of the book called MyEconLab. The assignments will be graded in the system itself and your instructors are going to see your grades online. HENCE EVERY STUDENT MUST BUY THE BOOK TO BE ABLE TO REGISTER TO THIS SYSTEM BY USING THE ACCESS CODE THAT COMES WITH THE BOOK.

Suggested Readings/Materials

By going to the following link http://eco.ieu.edu.tr/en/econ101principlesmicroeconomics you will find a file containing detailed information on how to register to MyEconLab.

EVALUATION SYSTEM

Semester Activities	Number	Weigthing
Participation	15	10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments	8	20
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterm	2	40
Final Exam	1	30
Total

Weighting of Semester Activities on the Final Grade	25	70
Weighting of End-of-Semester Activities on the Final Grade	1	30
Total

ECTS / WORKLOAD TABLE

Semester Activities	Number	Duration (Hours)	Workload
Course Hours (Including exam week: 16 x total hours)	16	3	48
Laboratory / Application Hours (Including exam week: 16 x total hours)	16
Study Hours Out of Class	15	3
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments	8	2.5
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterms	2	14
Final Exams	1	12
		Total	153

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#	Program Competencies/Outcomes	* Contribution Level
#	Program Competencies/Outcomes	1	2	3	4	5
1	To solve problems, to have analytical and holistic viewpoint and to develop strategic thinking as a principle in the field of business administration				X
2	To evaluate It is aimed to graduate students whom are able to critique what they have already learn in the field of management, adopting life long learning and continuously developing themselves		X
3	It is aimed to graduate students whom are able to transfer their academic knowledge to organizational level and capable of expressing themselves regarding organizational problems both oral and written			X
4	The students are required to understand the concepts and ideas of business in both national and multinational settings and practice cross disciplinary and comparative analysis			X
5	It is required to know and practice the quality and productivity principles of business life			X
6	Act and think with an innovative motive and able to apply the academic knowledge gain during new and unconventional occasions	X
7	Acquiring leadership qualifications and applying them successfully	X
8	Working efficiently and effectively, learning how to be a team member, taking responsibilities, being open minded, constructive, vulnerable to criticism and having self confidence		X
9	It is required to know the regional economic aspects and transfer the academic knowledge to real life with both national and international thinking				X
10	To know and apply the realities of business ethics and act according to social, scientific and ethical values under any circumstances such as data collection, evaluation, announcing and practicing		X
11	Able to use a foreign language as fluent as possible for both chasing the scientific publication and developing proper communication with colleagues from other countries, (“European Language Portfolio Global Scale”, Level B1)		X
12	Intermediate in both written and spoken of a second foreign language	X
13	Able to use computer programs and technology to an adequate level required by business practices.	X

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest