| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | 190400901101 | INTRODUCTION TO ECONOMICS I | Compulsory | 1 | 1 | 4 |
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| Level of Course Unit |
| First Cycle |
| Objectives of the Course |
| To learn the scope and methods of microeconomics. |
| Name of Lecturer(s) |
| Dr. Öğr. Üyesi Murat EREN |
| Learning Outcomes |
| 1 | Students will be able to adopt the economic way of thinking to eveyday issues. | | 2 | Students will be capable of building simple models of microeconomic phenomena. | | 3 | Students will be able to use economic terminology appropriately. | | 4 | Students will have an understanding of basic microeconomics. | | 5 | Students will be capable of explaining everyday decisions with micro economic concepts. |
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| Mode of Delivery |
| Daytime Class |
| Prerequisites and co-requisities |
| None |
| Recommended Optional Programme Components |
| None |
| Course Contents |
| The course examines the individual behaviors underlying the general economic events, the different approaches of the economic parties, the formation of the equilibrium mechanism, the formation of prices and the rebalancing processes of imbalances. |
| Weekly Detailed Course Contents |
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| 1 | NATURE OF MICROECONOMICS | | | | 2 | DEMAND ASPECT OF THE MARKET | | | | 3 | PRICE ELASTICITY OF DEMAND | | | | 4 | SUPPLY ASPECT OF THE MARKET | | | | 5 | PRICE ELASTICITY OF SUPPLY | | | | 6 | MARKET EQUILIBRIUM, CHANGES IN MARKET BALANCE | | | | 7 | CONSUMER PREFERENCES | | | | 8 | INDIFFERENCE CURVES | | | | 9 | BUDGET LINE AND CONSUMER BALANCE | | | | 10 | CONSUMER BEHAVIOR AND INDIVIDUAL DEMAND | | | | 11 | EFFECTS OF INCOME AND SUBSTITUTION (CLASİK APPROACH) - Nature of Income and Substitution Effects - Income and Substitution Effects for Normal Good - Income and Substitution Effects for Inferior Good
| | | | 12 | EFFECTS OF INCOME AND SUBSTITUTION (HICKS APPROACH) | | | | 13 | EFFECTS OF INCOME AND SUBSTITUTION (SLUTSKY APPROACH) | | | | 14 | MARKET DEMAND AND ELASTICITIES | | |
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| Recommended or Required Reading |
| BOCUTOĞLU Ersan and BERBER Metin Introduction to General Economy (Genel İktisada Giriş), 2014, Ekin Pub., Bursa
DİNLER, Zeynel Introduction to Economy (İktisada Giriş), 2008, Ekin Pub, Bursa. |
| Planned Learning Activities and Teaching Methods |
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| Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
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| Workload Calculation |
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| Midterm Examination | 1 | 1 | 1 |
| Final Examination | 1 | 2 | 2 |
| Self Study | 14 | 2 | 28 |
| Individual Study for Mid term Examination | 1 | 20 | 20 |
| Individual Study for Final Examination | 1 | 20 | 20 |
| Homework | 14 | 3 | 42 |
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| Contribution of Learning Outcomes to Programme Outcomes |
| LO1 | 5 | 5 | 5 | 5 | 5 | 5 | | LO2 | 4 | 4 | 4 | 4 | 4 | 4 | | LO3 | 5 | 4 | 4 | 4 | 4 | 4 | | LO4 | 4 | 4 | 5 | 4 | 5 | 5 | | LO5 | 4 | 4 | 4 | 5 | 5 | 5 |
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| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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Iğdır University, Iğdır / TURKEY • Tel (pbx): +90 476
226 13 14 • e-mail: info@igdir.edu.tr
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