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COURSE INFORMATION
Course CodeCourse TitleL+P HourSemesterECTS
EKON 103INTRUDUCTION 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 topics are explained. .
Prerequisites No the prerequisite of lesson.
Corequisite No the corequisite of lesson.
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
6Locate, use and interpret economic data for industry analyzes.
7Identify the optimal time for a firm to enter and to exist the industry.
8Use the knowledge of microeconomic concepts to maximize profit and/or minimize cost.

COURSE'S CONTRIBUTION TO PROGRAM
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Sub Total403939393939403939393738
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ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
ActivitiesQuantityDuration (Hour)Total Work Load (Hour)
Course Duration (14 weeks/theoric+practical)13452
Hours for off-the-classroom study (Pre-study, practice)13452
Mid-terms11313
Final examination11313
Total Work Load

ECTS Credit of the Course






130

5
COURSE DETAILS
 Select Year   


 Course TermNoInstructors
Details 2022-2023 Fall1REŞAT CEYLAN


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Course Details
Course Code Course Title L+P Hour Course Code Language Of Instruction Course Semester
EKON 103 INTRUDUCTION TO ECONOMICS - I 4 + 0 1 Turkish 2022-2023 Fall
Course Coordinator  E-Mail  Phone Number  Course Location Attendance
Prof. Dr. REŞAT CEYLAN rceylan@pau.edu.tr İİBF AB117 İİBF C0303 %80
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 are explained. .
Topics
WeeksTopics
1 Scope of economics and method
2 Economic Problem: Scarcity and choice
3 Demand, supply and market equilibrum
4 Application of demand and supply
5 Elasticity
6 Behavior of hausehold and consumer preferences
7 Production process: Profit maximization
8 Short run costs
9 Mid-term
10 Long-run costs
11 Factor demand: Labor and land markets
12 Factor demand: Capital markets
13 General equilibrum and perfect competition
14 Monopoly and oligopoly
Materials
Materials are not specified.
Resources
ResourcesResources Language
ekonominin ilkeleri Case Fair and Oster 12. editionTürkçe
Course Assessment
Assesment MethodsPercentage (%)Assesment Methods Title
Final Exam50Final Exam
Midterm Exam50Midterm Exam
L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes