Information Package / Course Catalogue
Economics I
Course Code: İKT101
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

In the Economics 1 course, microeconomic issues will be discussed and the economic behavior of small-scale economic units such as individuals, firms and industries will be examined.

Course Content

Economics 1 examines the production and consumption decisions of economic units, including households, firms, and governments, faced with limited resources. Economics has three fundamental principles. The first principle is that individuals always strive for the best, the second principle is that economic systems tend to be in equilibrium, and the third principle is empiricism, or the reliance on evidence for analysis. This course aims to provide students with an understanding of these three fundamental principles and the logic of economic thought. Students taking this course will learn about the fundamental concepts and problems of economics, including demand and supply, perfectly competitive markets, monopoly markets, oligopoly markets, consumption theory, and production theory.

Name of Lecturer(s)
Prof. Ahmet Can BAKKALCI
Prof. Emetullah Yasemin BOZDAĞLIOĞLU
Prof. Mustafa ÖZÇAĞ
Learning Outcomes
1.To provide the ability to understand the basic concepts and assumptions of economics.
2.To be able to be a rational decision-maker and an informed citizen
3.To be able to analyse consumer and producer behavior
4.To be able to learn the role of government in microeconomy
5.To be able to understand, analyze and comment on current economic events
Recommended or Required Reading
1.Berber, M. and Bocutoğlu, E. Introduction to Microeconomics, Murathan Publications
2.Dinler, Z.(2012). Introduction to Economics, 18th Edition, Ekin Bookstore Publications.
Weekly Detailed Course Contents
Week 1 - Theoretical
Definition and scope of economics, economic units and resources of the economy, the three basic principles of economics and its scope.
Week 2 - Theoretical
Basic concepts of economics: Need, goods and services, benefit, economic value and scarcity Basic concepts of economics: Production, production factors, consumption, savings, investment, division of labor
Week 3 - Theoretical
Fundamental concepts of economics: Opportunity cost, efficiency, productivity and profitability
Week 4 - Theoretical
Demand analysis: Law of demand and factors affecting demand, elasticities and areas of use
Week 5 - Theoretical
Demand analysis: Law of demand and factors affecting demand, elasticities and areas of use
Week 6 - Theoretical
Supply analysis: Supply law, supply function, elasticities and areas of use
Week 7 - Theoretical
Supply and Demand Elasticity: Types of Elasticity
Week 8 - Theoretical
Consumer Equilibrium Analysis: Cardinal Approach
Week 9 - Theoretical
Consumer Equilibrium Analysis: Ordinal Approach
Week 10 - Theoretical
Producer Balance Analysis
Week 11 - Theoretical
Changes in producer balance
Week 12 - Theoretical
Cost Analysis: Short-Term Production Costs
Week 13 - Theoretical
Cost Analysis: Long-Term Production Costs
Week 14 - Theoretical
Perfect Competition Market
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Individual Work72335
Midterm Examination1819
Final Examination1819
TOTAL WORKLOAD (hours)123
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
OÇ-1
4
5
4
5
4
5
4
OÇ-2
5
4
5
4
5
4
4
OÇ-3
4
5
4
4
4
5
4
OÇ-4
4
4
5
4
4
5
4
OÇ-5
3
3
3
3
3
3
3
Adnan Menderes University - Information Package / Course Catalogue
2026