COURSE INTRODUCTION AND APPLICATION INFORMATION

ireu.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 be able to use the advanced theoretical and practical knowledge that the graduates have acquired in the areas of international relations	X
2	To be able to examine, interpret data and assess concepts and ideas with the scientific methods in the area of international relations/political science
3	To take the responsibility as a group team member and as an individual to solve unforeseen and multidimensional problems that are unforeseen in practice			X
4	To be able to recognize regional and global issues/problems, and to be able to develop solutions based on research and scientific evidence	X
5	To be able to assess the acquired knowledge and skills in the area of international relations/political science critically and to detect learning requirements and to guide learning.
6	To be able to inform authorities and institutions in the area of international relations; to be able to transfer ideas and proposals supported by quantitative and qualitative data about the problems verbally and in writing to experts and nonexperts.
7	To be able to interpret theoretical debates regarding relations among factors in global politics such as structures, institutions and culture, to be able to pinpoint the continuities and changes of main dynamics of international relations,
8	To be able to distinguish the differences between the classical and contemporary theories and to assess their relationship,
9	To be able to make use of other disciplines that international relations are based upon (political science, law, economics, sociology, psychology, etc.) and to have the basic knowledge of these disciplines.				X
10	To be able to keep abreast of current news on international relations, learn a foreign language and to communicate with one’s peers (European language portfolio global scale, level B1)
11	To be able to speak a second foreign at a medium level of fluency efficiently
12	To have ethical, social and scientific values in the stages throughout the processes of collecting, interpreting, disseminating and implementing data related to international relations.
13	To be able to improve the acquired knowledge, skills and qualifications for personal and social reasons		X

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