Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
1BUS 103Introduction to Economics I3+0+03530.11.2023

 
Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program Business Administration (English)
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course The objective of this course is to give the student the basic concepts and tools of the economic analysis. In general, the aim is to cultivate a disciplined way of thinking ?economically? on real world economic problems. The focus of the course will be on the conceptual foundations of the economics discipline, without omitting the concrete cases that could be relevant for economic analysis. At the end of this course, students are expected to acquire some notion as to what economics is about. After examining the basic framework of economics in general and its concepts, the main focus will be microeconomics, which deals with the individual decision problems.
Course Content Studying the fundamental economic terminology, market equilibriation process and the degree of competition under different market types.
Course Methods and Techniques
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Associate Prof.Dr. Ahmet Arif EREN
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Greenlaw, S. A., Shapiro, D., & Taylor, T. Principles of Economics, 3rd Edition.

Course Category
Social Sciences %100

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 2 % 60
Attendance 1 % 10
Final examination 1 % 30
Total
4
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 3 42
Hours for off-the-c.r.stud 14 5 70
Mid-terms 2 12 24
Final examination 1 14 14
Total Work Load   Number of ECTS Credits 5 150

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Learns the basic economic terms and concepts.
2 Gains knowledge and interpretation skills on microeconomics.
3 Recognizes demand and supply within market equilibrium framework.

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Introduction
2 The Scope and Method of Economics
3 The Economic Problem: Scarcity and Choice
4 Demand, Supply, and Market Equilibrium
5 Demand and Supply Applications, Elasticity
6 Household Behavior and Consumer Choice
7 The Production Process
8 Midterm
9 Costs Functions and Output Decisions
10 General Equilibrium
11 Monopoly
12 Oligopoly
13 Monopolistic Competition
14 Externalities, Public Goods, and Social Choice
15 Uncertainty and Asymmetric Information
16 Final Exam

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11
All 3 2 2 2 2 3 2 2 2 4 3
C1
C2
C3

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant

  
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