COURSE INFORMATION
Course CodeCourse TitleL+P HourSemesterECTS
ECON 101INTRUDUCTION TO ECONOMICS - I4 + 01st Semester5

COURSE DESCRIPTION
Course Level Bachelor's Degree
Course Type Compulsory
Course Objective The course aims to introduce students to the fundamental concepts in economics and to provide a way of understanding how the economic units such as firms and households decide to allocate their limited resources among alternatives uses to maximize their profits and utilities.
Course Content Demand, Supply, Price and Income, Cost and Production, Competitive Markets, Monopoly, Imperfect Markets, Production Factor Markets, Welfare Economics, General Equilibrium
Prerequisites No prerequisites.
Corequisite No corequisites.
Mode of Delivery Face to face

COURSE LEARNING OUTCOMES
1By using basic economic concepts such as production, cost, revenue, marginal utility, budged constraint it explains and interprets utility and profit maximization
2Identify causes for changes in supply and demand for goods and predict the consequences of the changes on market outcomes.
3Demonstrate an understanding of economic theories of households and firms behavior, which it is a necessary for understanding of a society.
4Identify different markets such as perfect competitive , oligopoly, monopoly markets and the behavior of firms in those markets.
5Recognize and analyze the society choices.

COURSE'S CONTRIBUTION TO PROGRAM
PO 01PO 02PO 03PO 04PO 05PO 06PO 07PO 08PO 09PO 10PO 11PO 12
LO 01555555555555
LO 02555555555555
LO 03444444444444
LO 04555444444555
LO 05444445555555
Sub Total232323222223232323242424
Contribution555445555555

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
ActivitiesQuantityDuration (Hour)Total Work Load (Hour)
Course Duration13339
Hours for off-the-classroom study (Pre-study, practice)13339
Assignments21326
Mid-terms11313
Final examination11313
Total Work Load

ECTS Credit of the Course






130

5

COURSE DETAILS
 Select Year   


 Course TermNoInstructors
Details 2019-2020 Fall1FİLİZ YEŞİLYURT
Details 2019-2020 Fall2MEHMET İVRENDİ

Course Details
Course Code:  ECON 101 Course Title:  INTRUDUCTION TO ECONOMICS - I
L+P Hour : 4 + 0   Course Code : 1   Language Of Instruction: English Course Semester :  2019-2020 Fall
Course Coordinator :  ASSOCIATE PROFESSOR FİLİZ YEŞİLYURT E-Mail:  afiliz@pau.edu.tr, Phone Number :  296 2733, 296 2733,
Course Location İİBF AB107, İİBF C0103,
Goals : The course aims to introduce students to the fundamental concepts in economics and to provide a way of understanding how the economic units such as firms and households decide to allocate their limited resources among alternatives uses to maximize their profits and utilities.
Content : Demand, Supply, Price and Income, Cost and Production, Competitive Markets, Monopoly, Imperfect Markets, Production Factor Markets, Welfare Economics, General Equilibrium
Attendance : %
Topics
WeeksTopics
1 The Scope and Method of Economics The Economic Problem:Scarcity and Choice
2 Demand, Supply and Market Equilibrium
3 Demand and Supply Applications
4 Elasticity
5 Household Behavior and Consumer Choice
6 The Production Process:The Behavior of Profit-Maximizing Firms
7 The Production Process:The Behavior of Profit-Maximizing Firms
8 Short-Run Costs and Output Decisions
9 Long-Run Costs and Output Decisions
10 Input Demand:The Labor and Capital Markets and The Investment Decision
11 General Equilibrium and The Efficiency of Perfect Competition
12 Monopoly and Antitrust Policy
13 Oligopoly and Game Theory
14 Monopolistic Competition
Materials
Materials are not specified.
Resources
ResourcesResources Language
Case & Fair; Principles of Economics, Pearson – Prentice Hall, Eighth EditionEnglish
Course Assessment
Assesment MethodsPercentage (%)Assesment Methods Title
Final Exam50Final Exam
Midterm Exam30Midterm Exam
Homework20Homework
L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes