Economics

Introduction to Economics(ECON111)

Course Code Course Name Semester Theory Practice Lab Credit ECTS
ECON111 Introduction to Economics 1 4 4 0 4 5
Prerequisites
Admission Requirements
Language of Instruction French
Course Type Compulsory
Course Level Bachelor Degree
Course Instructor(s) Zehra Yeşim GÜRBÜZ ygurbuz@gsu.edu.tr (Email)
Assistant
Objective This course aims to introduce students of International Relations to the study of economics. The purpose of this course is to teach fundamental lessons of economics such as the law of demand and the law of supply, the application of elasticity, the price mechanism, the costs of production, firm behavior and types of markets (competitive markets, monopoly, monopolistic competition, oligopoly), the markets for the factors of production and the theory of consumer choice.
Content See Subject Headings (Topics)
Course Learning Outcomes 1) Explain basic concepts in economics such as supply and demand, the market, price mechanism and market equilibrium
2) Use basic microeconomic models to study the ways in which economic agents make decisions in the market place.
3) Discuss the functioning of markets, determination of market equlibrium and forms of competition in various types of markets
4) Explain firm behavior (i.e. profit maximisation and cost minimization practices of firms)
5) Explain why monopolies arise, the welfare costs of monopoly and public policies towards monopolies
6) Use basic tools of game theory for studying economics of cooperation
7) Analyze the economics of labor markets, the markets for the factors of production
Teaching and Learning Methods Lecture classes
References Mankiw, G.N. (1998). Principes De l’Economie. Paris: Economica
Stiglitz, J. E., Walsh, C.E. & Lafay, J.D. (2007). Principes d’économie moderne. Paris : De Boeck.
Print the course contents
Theory Topics
Week Weekly Contents
Practice Topics
Week Weekly Contents
Contribution to Overall Grade
  Number Contribution
Contribution of in-term studies to overall grade 3 50
Contribution of final exam to overall grade 1 50
Toplam 4 100
In-Term Studies
  Number Contribution
Assignments 0 0
Presentation 0 0
Midterm Examinations (including preparation) 1 40
Project 0 0
Laboratory 0 0
Other Applications 0 0
Quiz 2 10
Term Paper/ Project 0 0
Portfolio Study 0 0
Reports 0 0
Learning Diary 0 0
Thesis/ Project 0 0
Seminar 0 0
Other 0 0
Toplam 3 50
No Program Learning Outcomes Contribution
1 2 3 4 5
1 Demonstrate a basic knowledge of different economic theories and main discussions driving current theoretical approaches X
2 Demonstrate ability to use basic qualitative and quantitative methods to asses different economic questions of applied fields X
3 Show a sound understanding of current economic discussions and problems X
4 Have an effective and clear communication in written and oral formats in different public and professional contexts.
5 Demonstrate basic knowledge of the world economic history and a sound knowledge of the Turkish economic history X
7 Demonstrate knowledge of standard quantitative techniques and empirical models used in economics X
8 Show ability to apply basic economic theory to an applied topic X
9 Show a basic understanding of analytical methods, both theory- and model-based X
10 Show ability to use economic concepts to discuss current economic issues X
Activities Number Period Total Workload
Class Hours 14 3 42
Working Hours out of Class 8 4 32
Assignments 0 0 0
Presentation 0 0 0
Midterm Examinations (including preparation) 1 8 8
Project 0 0 0
Laboratory 0 0 0
Other Applications 0 0 0
Final Examinations (including preparation) 1 10 10
Quiz 2 4 8
Term Paper/ Project 0 0 0
Portfolio Study 0 0 0
Reports 0 0 0
Learning Diary 0 0 0
Thesis/ Project 0 0 0
Seminar 0 0 0
Other 0 0 0
Total Workload 100
Total Workload / 25 4,00
Credits ECTS 4
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