Information Package / Course Catalogue
Economics I
Course Code: BYP101
Course Type: Required
Couse Group: Short Cycle (Associate's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 2
Prt.: 0
Credit: 2
Lab: 0
ECTS: 2
Objectives of the Course

To emphasize the importance of the economy, explain basic economical concepts, explain and discuss current economical issues

Course Content

Basic concepts of economics• Fundamental economical problems faced by all societies and economic systems • Market concept and types of markets • Price theory • Consumption theory • Production theory • Costs of production • Market equilibrium under prefect competition

Name of Lecturer(s)
Ins. Gökçe KADERLİ
Learning Outcomes
1.To be able to comprehend economic problems
2.To be able to obtain the necessary skills to analyze the economical problems
3.To be able to analyze the relations between economic variables graphically, numerically and orally
4.To be able to interpret the daily economic problems
5.To be able to obtain the analitical perspective enabling production of solutions to daily problems and effective decision making
6.To be able to comprehend the formation of the market price
7.To be able to build self-confidence through discussions and problem solving practices in class
8.To be able to obtain the necessary skills to make researches, analyses and syntheses through writing term papers
9.To be able to obtain the ability to bear responsibility
10.To be able to become more time efficient
Recommended or Required Reading
1.Temur KURTASLAN ve Diğerleri, Genel Ekonomi, 2011
2.Zeynel Dinler, İktisada Giriş, Ekin Kitapevi, 2009
3.Abdullah ÖZDEMİR, Mikro İktisat, 2017
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction of the scope and the importance of the course, and the recommended text books
Week 2 - Theoretical
Basic concepts of economics
Week 3 - Theoretical
Economic problems faced by all societies, production possibilities, opportunity cost, economic systems
Week 4 - Theoretical
Market concept and types of markets
Week 5 - Theoretical
Supply and demand, changes in supply and demand
Week 6 - Theoretical
Market equilibrium and price determination, changes in equilibrium price, market equilibrium and time
Week 7 - Theoretical
Market equilibrium and price determination, changes in equilibrium price, market equilibrium and time
Week 8 - Theoretical
Elasticity of demand and supply (Midterm)
Week 9 - Theoretical
Consumer Preferences, Utility, Consumer Equilibrium and Utility Maximization
Week 10 - Theoretical
Production and Cost
Week 11 - Theoretical
Cost Function, costs associated with the short run and the long run
Week 12 - Theoretical
Production function in the short run and returns to scale
Week 13 - Theoretical
Profit maximization under perfect competition and Imperfect Market Structure
Week 14 - Theoretical
Factor markets and income distribution
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory140228
Assignment25010
Midterm Examination1415
Final Examination1617
TOTAL WORKLOAD (hours)50
Contribution of Learning Outcomes to Programme Outcomes