PAÜ .:. Eğitim Öğretim Bilgi Sistemi

COURSE INFORMATION

Course Code	Course Title	L+P Hour	Semester	ECTS
ECON 101	INTRUDUCTION TO ECONOMICS - I	4 + 0	1st Semester	4

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 the prerequisite of lesson.
Corequisite	No the corequisite of lesson.
Mode of Delivery	Face to Face

COURSE LEARNING OUTCOMES

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

COURSE'S CONTRIBUTION TO PROGRAM

Data not found.

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION

Activities	Quantity	Duration (Hour)	Total Work Load (Hour)
Course Duration (14 weeks/theoric+practical)	14	3	42
Hours for off-the-classroom study (Pre-study, practice)	11	2	22
Mid-terms	1	20	20
Final examination	1	20	20
Total Work Load ECTS Credit of the Course			104 4

COURSE DETAILS

Select Year

	Course Term	No	Instructors
Details	2023-2024 Fall	2	MEHMET İVRENDİ

Course Details

Course Code	Course Title	L+P Hour	Course Code	Language Of Instruction	Course Semester
ECON 101	INTRUDUCTION TO ECONOMICS - I	4 + 0	2	English	2023-2024 Fall

Course Coordinator	E-Mail	Phone Number	Course Location	Attendance
Prof. Dr. MEHMET İVRENDİ	mivrendi@pau.edu.tr		Course location is not specified.	%70

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

Topics

Weeks	Topics
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	Mid-Term Exam
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

Resources	Resources Language
K.E. Case, R.C. Fair, and S. M. Oster, Principles of Economics, Pearson – Prentice Hall, 13th Edition, 2020	English

Course Assessment

L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes

Prospective Student