Faculty of Humanities and Social Sciences · Sociology (English 30%) · Undergraduate
Course Objective
This course aims to give students a basic understanding of economic theories and principles, covering both macroeconomic and microeconomic concepts. Students will gain the analytical abilities required to examine economic phenomena and comprehend how economics influences consumer behavior, market outcomes and public policy.
Course Content
This course covers a broad range of topics essential for understanding the principles and applications of economics. Beginning with an exploration of basic economic concepts such as scarcity, opportunity cost, and supply and demand, students delve into the study of both microeconomics and macroeconomics. Microeconomic topics include consumer behavior, production and costs, market structures.. Macroeconomic subjects encompass national income accounting, economic growth, inflation, unemployment, monetary and fiscal policy.
Required Resources
Case, Fair & Oster, Ekonominin İlkeleri, Palme Yayınevi.
Recommended Resources
Michael Parkin, Economics, 14th ed., Pearson.
The Economy 1.0, Core Project.
Explanations
70% attendance is mandatory.
Rules
University rules and academic ethics must be followed during exams and in-class activities.
Course Learning Outcomes
- Understanding and applying fundamental economic concepts
- Analyzing the factors influencing consumer and producer decision-making
- Evaluating the impact of government intervention
- Examining the determinants of aggregate economic activity
- Understanding the basic concepts of international trade and finance
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 21 | 3 | 63 |
| Midterm | 1 | 1 | 1 |
| Quiz | 0 | 0 | 0 |
| Assignment | 3 | 4 | 12 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 2 | 2 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Course introduction and basic concepts | Case, Fair & Oster, Chapter 1 |
| 2 | Scarcity and choices | chapter 2 |
| 3 | Supply, demand and market equilibrium | chapter 3 |
| 4 | Supply and demand applications | chapter 4 |
| 5 | Elasticity and Consumer Choices | chapter 5 and 6 |
| 6 | Elasticity and Consumer Choices - II | chapter 5 and 6 |
| 7 | Production choices and costs | chapter 6 |
| 8 | Midterm | Lecture notes and all chapters |
| 9 | Production choices and costs | chapter 7 and 8 |
| 10 | Basic macro concepts | chapter 20 |
| 11 | National income calculations | chapter 21 and 22 |
| 12 | Unemployment, inflation and growth | chapter 23 |
| 13 | Monetary and fiscal policy | chapter 24 |
| 14 | AD- AS model | chapter 26 and 27 |
| 15 | Labor market and long-run growth | 28.-31. bölümler |
| 16 | Final exam | Lecture notes and all chapters |