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| IKT1005 | Introduction to Economics | 3+0+0 | ECTS:6 | | Year / Semester | Fall Semester | | Level of Course | First Cycle | | Status | Compulsory | | Department | DEPARTMENT of INTERNATIONAL RELATIONS | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | Doç. Dr. Umut ÜZAR | | Co-Lecturer | Prof. Dr. Harun Terzi
Prof. Dr. Nebiye Yamak | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | The aim of this course is to give students an introduction to micro and market economics and to increase their skill level in analyzing various economic approaches. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | learn fundamental economic concepts and principles. | 6,9 | 1 | | LO - 2 : | participate in debates on economic matters. | 6,9 | 1 | | LO - 3 : | analyze roles of the market mechanism in allocating resources. | 6,9 | 1 | | LO - 4 : | translate economic events and issues which are described in daily language to the language of economic literature. | 6,9 | 1 | | LO - 5 : | apply reasoning to better understand real world issues. | 6,9 | 1 | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome | | |
| Subject of economics, definition of economics, economic systems, main concepts, methods used in economics, circular flow of economic activity, market, demand, supply and price mechanism, King Theorem, Cobweb Theorem, marginal utility and indifference curves, consumer's equilibrium and changes in consumer's equilibrium. |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Subject of economics, principle concepts
| | | Week 2 | Economic systems
| | | Week 3 | Methods and models in economics
| | | Week 4 | Circular flow of economic activity
| | | Week 5 | Goods and services
| | | Week 6 | Economic laws, market demand-supply and price mechanism
| | | Week 7 | Elastisities
Changes in supply and demand, price conrols
| | | Week 8 | Blackmarket, minimum price, maximum price
| | | Week 9 | Mid-term exam | | | Week 10 | King's theorem, Cobweb theorem
| | | Week 11 | Marginal utility, paradox of diamond
| | | Week 12 | Ordinal utility and indifference curves
| | | Week 13 | Consumer's equilibrium and changes in consumer's equilibrium
| | | Week 14 | Engel's-price consumption and income consumption curves
| | | Week 15 | Slutsky and Hicks' methods in consumer equilibrium
Giffen goods, inferior goods and consumer equilibrium | | | Week 16 | End-of-term exam | | | |
| 1 | Begg, David ve Fischer, Stanley (2000) Mikro İktisat, Alkım Yayınları,Terzi, Harun (2012) Mikro İktisat, Celepler Matbaası, TrabzonTerzi, Harun (2011) Mikro İktisat Soru Bankası, Celepler Matbaası, Trabzon | | | |
| 1 | Ünsal, Erdal M. 2007; Mikro İktisat, İmaj Yayıncılık | | | 2 | Bulmuş, İsmail, 2008; Mikroiktisat, Okutman Yayıncılık | | | 3 | Dinler, Zeynel, 2009 Mikro Ekonomi, Ekin Kitabevi | | | 4 | Sloman, John 2004; Mikro İktisat (Çeviren Ahmet Çakmak), Bilim Teknik Yayınevi | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 14/11/2015 | 1 | 50 | | End-of-term exam | 16 | 7/01/2016 | 1 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Diğer 1 | 1 | 1 | 1 | | Total work load | | | 1 |
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