Information Package / Course Catalogue
Introduction to Economics I
Course Code: ECON101
Course Type: Required
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The aim of this course is to introduce the basics of economic analysis and economic thinking by explaining how economics emerged as a social science, its scope, its relationship with other sciences and its sub-disciplines, the basic problems that economics tries to solve and different approaches to problems, consumer and producer behaviors and determinants in different market structures and to teach the necessary analysis tools for further economics courses.

Course Content

Basic concepts of economics, basic economic problems and economic systems, demand and supply, market equilibrium and imbalances, elasticities, supply and demand applications, utility analysis, consumer behaviors, cost analysis, producer behaviors, firm equilibrium in perfect competition and imperfect competition markets

Name of Lecturer(s)
Assoc. Prof. Mehmet Metin DAM
Assoc. Prof. Umut EVLİMOĞLU
Prof. Abdullah ÖZDEMİR
Prof. Funda ÇONDUR
Prof. İsmet ATEŞ
Prof. Necmiye CÖMERTLER
Learning Outcomes
1.Students will be able to explain basic economic concepts and will be able to understand economic systems.
2.Students will be able to define the market, understand and analyse the demand side and supply side of the market, explain the market equilibrium and analyse the changes in the market equilibrium in detail.
3.Students will be able to make elasticity calculations related to factors affecting market equilibrium.
4.Students will be able to explain consumer preferences and the concept of utility.
5.Students will be able to explain factors of production and the relationship between factors of production in the short and long run.
Recommended or Required Reading
1.Dinler, Z. (2023). İktisada Giriş. Ekin Yayınevi
2.Ünsal, E. M. (2016). İktisada Giriş. BB101 Yayınları
3.Krugman, P. R. ve Wells, R. (2023) Ekonomi. Palme Akademik Yayınları.
Weekly Detailed Course Contents
Week 1 - Theoretical
Basic concepts of economics
Week 2 - Theoretical
Basic economic problems and approaches to these problems
Week 3 - Theoretical
Demand concept
Week 4 - Theoretical
Supply concept
Week 5 - Theoretical
Market equilibrium
Week 6 - Theoretical
Elasticities
Week 7 - Theoretical
Supply and Demand Applications
Week 8 - Theoretical
Utility Analysis and Consumer Theory
Week 9 - Theoretical
Utility Analysis and Consumer Theory II
Week 10 - Theoretical
Cost Analysis and Producer theory
Week 11 - Theoretical
Cost Analysis and Producer theory II
Week 12 - Theoretical
Perfect Competition Market
Week 13 - Theoretical
Imperfect Competition Markets
Week 14 - Theoretical
Imperfect Competition Markets II
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory141356
Assignment1213
Midterm Examination127128
Final Examination140141
TOTAL WORKLOAD (hours)128
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
OÇ-1
2
2
2
2
2
5
2
3
2
3
3
4
OÇ-2
2
2
2
2
2
4
2
3
2
3
3
4
OÇ-3
2
2
2
2
2
4
2
3
2
3
3
4
OÇ-4
2
2
2
2
2
4
2
3
2
3
3
4
OÇ-5
2
2
2
4
1
1
1
1
2
Adnan Menderes University - Information Package / Course Catalogue
2026