11111

COURSE INTRODUCTION AND APPLICATION INFORMATION


eco.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
Course Lecturer(s)
Assistant(s)
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
1
2
3
4
5
1 To have a sound knowledge of the quantitative and qualitative methods that will help to examine the premises of different theories for an applied subject so that a contribution to solving current economic problems can be made. X
2 To have the experience of writing, using software, and doing presentations in the newspapers, magazines, meetings, panels, and in equivalent virtual platforms (internet), in order to share their accumulated knowledge and problem solving ability acquired during their education. X
3 To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently.
4 To have adequate social responsibility and awareness with regards to the needs of the society and to have sufficient experience and qualifications to organize and support the activities to influence the social dynamics in line with the social goals. X
5 To be able to integrate the knowledge and training acquired during the university education with personal and work experience and produce a synthesis of knowledge she requires.
6 To have the ability to evaluate his/her advance (post graduate) level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically.
7 To have sufficient practical and theoretical knowledge base in order to define the economic agents and their interaction both in the national and global level, to process economic data and to implement scientific research for development of economic policies. X
8 Keeping in mind that economics is a social science, to have the skills to integrate social dynamics into economic process both as an input and an output and to be open to theoretical innovations in this direction.
9 To associate accumulated knowledge acquired during the university education with historical and cultural qualities of the society and to convey it to different groups.
10 To be able to follow knowledge and change in economics and communicate with colleagues in a foreign language. X
11 To possess social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis. X
12 To have advanced level of speaking and writing skills of a second foreign language to support continuation of post graduate professional and individual development

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

 

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