Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
180102001105INTRODUCTION TO ECONOMYElective234
Level of Course Unit
First Cycle
Objectives of the Course
The course aims to provide students a basic economic understanding on microeconomic concepts and the relation between households, firms and the government. The students will learn how to make analysis and conclusions about the economic behaviour.
Name of Lecturer(s)
İlgili Öğretim Üyesi
Learning Outcomes
1Student is able use basic economical concepts
2Student is able use basic economical concepts
3Student is able to analyze economical deciding process of consumers
4Student is able to analyze economical deciding process of consumers
5Student is able to critisize market concept in real life
6Student is able to critisize market concept in real life
7Student is able to analyze the rational deciding process of enterprises
8Student is able to analyze the rational deciding process of enterprises
9Student will be able to categorize market types
10Student will be able to categorize market types
11Student critizise consumer equilibrium level of national income formation
12Student critizise consumer equilibrium level of national income formation
13Student able to use money, for economic growth and basic elements of the systems.
14Student able to use money, for economic growth and basic elements of the systems.
Mode of Delivery
Daytime Class
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Course Contents
The course includes the definitions, terminology and principles of economics, schools, interdependence and trade, markets, supply and demand, elasticity, government policies and control mechanisms, efficiency of markets, the economics of public sector, firm behaviour and organisation of industry, the theory of consumer choice, monetary system, growth and inflation.
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1Introduction to Economics
2Economic Models
3Interdependence and Trade
4Supply and Demand
5Elasticity and Its Applications
6Markets and Welfare
7International Trade
8Midterm exam
9Competitive Markets
10Monopoly & Oligopoly
11Markets for Production Factors
12The Theory of Consumer Choice
13Homework presentations
14Homework presentations
Recommended or Required Reading
Mankiw, N. G., Principles of Macroeconomics, Harcourt College Publishers, Sixth Edition,2012. Welch and Welch, ECONOMICS Theory and Practice, John Wiley and Sons, Inc., Ninth Edition, 2010
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination1100
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Examination1100
SUM100
Term (or Year) Learning Activities40
End Of Term (or Year) Learning Activities60
SUM100
Language of Instruction
Turkish
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination111
Final Examination122
Self Study14798
Individual Study for Mid term Examination188
Individual Study for Final Examination11111
TOTAL WORKLOAD (hours)120
Contribution of Learning Outcomes to Programme Outcomes
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* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Iğdır University, Iğdır / TURKEY • Tel (pbx): +90 476 226 13 14 • e-mail: info@igdir.edu.tr