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IKT 210 - Introduction to Economics

Faculty of Health Sciences · Nutrition and Dietetics · Undergraduate

ECTS: 3 T+P+L: 2+0+0 Departmental Elective
Coordinator: Doç. Dr. Serap ANDAÇ

Course Objective

The aim of this course is to enable Nutrition and Dietetics students to understand fundamental economic concepts and principles, allowing them to apply an economic perspective in decision-making processes within the fields of health and nutrition. By learning the basics of efficient resource use, cost-benefit analysis, and health economics, students will gain the knowledge and skills to evaluate the economic factors that influence the dietary choices of individuals and populations.

Course Content

Within the course, topics will include the fundamental concepts of economics, principles of micro- and macroeconomics, supply-demand equilibrium, price formation, production and consumption decisions, health and nutrition economics, food prices and budget management, cost analysis, and resource allocation. Additionally, economic evaluations in nutrition services, cost-effectiveness analyses, and the effects of health policies on individual and public health will be discussed in light of case studies and current research.

Required Resources

  • Begg, Vernasca, Fischer and Dornbush, Economics, 11th Edition, McGraw-Hill Education, 2014.

Recommended Resources

  • Case, Fair and Oster, Principles of Economics, 11th Edition, Pearson, 2014.
  • Zeynel Dinler, İktisada Giriş, Ekin Basım Yayın Dağıtım, 2014.

Explanations

Attendance is considered an essential aspect of this course. The material covered in lectures will be a subject of evaluation, and while some topics are available in the textbook, others are exclusive to the lectures. Hence, students are strongly recommended to attend all class meetings regularly and on time. Your punctuality is not only expected but also appreciated.

Rules

This course has a zero-tolerance policy for cheating and plagiarism. Students found engaging in such behavior will face severe consequences, including course failure and disciplinary actions. Cheating involves deceit, fraud, or dishonesty, especially during examinations, while plagiarism is the misrepresentation of someone else’s work as your own.

Course Learning Outcomes

  1. The student explains the fundamentals of microeconomic theory.
  2. The student defines the main concepts of microeconomics.
  3. The student evaluates household consumption preferences.
  4. The student discusses how firms make production decisions under different market conditions.
  5. The student explains market functioning and the concept of equilibrium in the economy.

Core Area Distribution

(22) Humanities%70 (31) Social and Behavioural Science%30

Teaching Methods

ExpressionQuestion-AnswerExercise and PracticeSelf studyProblem Solving

Assessment & Evaluation

Testing (Essay / Tests: True-Falls, multiple-choice, short answer, matching)

ECTS / Workload

ActivityQuantityDuration (h)Total Workload
Course Duration (Including Exam Week)14342
Out of Class Study Period14228
Midterm12020
Quiz2510
Assignment000
Practice000
Final12525

Course Schedule

WeekSubjectPreparation
1Introduction to CourseChapter 1 (Begg, 2014)
2Economics and the EconomyChapter 1 (Begg, 2014)
3Tools of Economic AnalysisChapter 2 (Begg, 2014)
4Demand, Supply, and the MarketChapter 3 (Begg, 2014)
5Demand, Supply, and the MarketChapter 3 (Begg, 2014)
6Elasticities of Demand and SupplyChapter 4 (Begg, 2014)
7Elasticities of Demand and SupplyChapter 4 (Begg, 2014)
8Midterm ExamStudy for Exam
9Consumer Choice and Demand DecisionsChapter 5 (Begg, 2014)
10Introducing Supply DecisionsChapter 6 (Begg, 2014)
11Costs and SupplyChapter 7 (Begg, 2014)
12Perfect Competition and Pure MonopolyChapter 8 (Begg, 2014)
13Perfect Competition and Pure MonopolyChapter 8 (Begg, 2014)
14Market Structure and Imperfect CompetitionChapter 9 (Begg, 2014)
15Market Structure and Imperfect CompetitionChapter 9 (Begg, 2014)
16Final ExamStudy for Exam