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  • Course Structure Diagram with Credits
  • Introduction to Economics I
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Course Title Code Compulsory/Elective Laboratory + Practice ECTS
Introduction to Economics I İKT105U I. SEMESTER 0+0 5.0
Language of Instruction İngilizce
Course Type Required Courses
Course Instructor(s) ASSIST. PROF. DR. ALİ BENLİ
Mode of Delivery Distance Education
Prerequisites There is no prerequisite or co-requisite for this course.
Courses Recomended There is no recommended optional programme component for this course.
Recommended Reading List There is no additional reading list for this course apart from the textbook.
Assessment methods and criteria 1 Midterm and 1 Final Exam.
Work Placement Not Applicable
Catalog Content Basic Concepts of Economics, What is Economics?; Balancing Choices and Scarcity, How Markets Work?; Market Forces and Competition, Demand and Supply, Changes in Market Equilibrium; Prices and Allocation of Resources; The Theory of Consumer Choice, Budget Constraint and Optimal Choices for Individual Consumers, Elasticity; Production, Cost and Profit, in The Short Run and the Long Run; Market Structures; Revenues and Revenue Curves of Competitive Firms; Monopoly and Imperfect Competition; The Welfare Cost of Monopolies; Factor Markets; Government Policies and Market Efficiency.

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