Information Package
baskent.edu.tr

Program of Business Administration (Turkish)

ECON101

INTRODUCTION TO ECONOMICS I

Course Code
ECON101
Semester
First Term (Fall)
Theory+Practice
3 + 0
ECTS
6
Course TypeCompulsory Course
Course LevelBachelor's Degree
Year of Study1
SemesterFirst Term (Fall)
ECTS6
Name of Lecturer(s)
Learning Outcomes

At the end of this course, the students;

  1. Define basic microeconomic concepts.
  2. Describe how microeconomic equilibrium is achieved through supply and demand.
  3. Explain basics of consumer and producer behavior.
  4. Explain the effects of the government intervention to the market.
  5. Compare the operation of monopoly, oligopoly and perfectly competitive markets.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsNone
Course DescriptionThe main aim of this course is to examine the allocation of resources and price formation in the free markets. The behaviors of the decision-making units that determine the price formation in an economy, namely the producers and consumers, and the concepts such as supply, demand, cost, production and profit will be studied in detail.
Course Contents
WEEK TOPICS
1st Week Basic Principles
2nd Week Economic Models: Trade-offs and Trade
3rd Week Supply and Demand
4th Week Consumer and Producer Surplus
5th Week The Market Strikes Back
6th Week Elasticity
7th Week Midterm
8th Week Taxes
9th Week Making Decisions
10th Week The Rational Consumer
11th Week Behind the Supply Curve: Inputs and Costs
12th Week Perfect Competition and The Supply Curve
13th Week Monopoly
14th Week Oligopoly
Recommended or Required ReadingPaul Krugman ve Robin Wells, Mikro İktisat. 2. Basımdan Çeviri. Ankara: Palme Yayıncılık, 2012
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Quiz 2 15
Total(%) 55
Contribution of In-term Studies to Overall Grade(%) 55
Contribution of Final Examination to Overall Grade(%) 45
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 1 1
Preparation for Quiz 2 11 22
Individual or group work 14 3 42
Preparation for Final exam 1 35 35
Course hours 14 3 42
Preparation for Midterm exam 1 30 30
Laboratory (including preparation) 0 0 0
Final exam 1 1.5 1.5
Homework 0 0 0
Total Work Load173.5
Total Work Load / 30 (h)5.78
ECTS Credit of the Course6
Language of InstructionTurkish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

LO1 LO2 LO3 LO4 LO5
K1 X X X
K2 X X
K3
K4
K5
K6
K7
K8
K9
K10 X
K11
K12 X
K13