Course Details

ECO141 - Introduction to Economics I

2023-2024 Spring term information
The course is not open this term
ECO141 - Introduction to Economics I
Program Theoretýcal hours Practical hours Local credit ECTS credit
Undergraduate 3 0 3 4
Obligation : Must
Prerequisite courses : -
Concurrent courses : -
Delivery modes : Face-to-Face
Learning and teaching strategies : Lecture, Discussion
Course objective : The objective of this course is to give the student the basic concepts and tools of the economic analysis. In general, the aim is to cultivate a disciplined way of thinking ?economically? on real world economic problems. The focus of the course will be on the conceptual foundations of the economics discipline, without omitting the concrete cases that could be relevant for economic analysis. At the end of this course, students are expected to acquire some notion as to what economics is about. National income accounting, economic growth, aggregate demand and its components, macroeconomic problems such as unemployment and inflation as well as economic policies for these problems will be studied.
Learning outcomes : Students learned the fundamental economic terminology. Students also gained the understanding of demand and supply functions, and market equilibriation process. Market types, output decision-making under these different types of markets, and differences between perfect and imperfect competition are also the gained concepts by the students. Students also learned national income and its components as well as aggregate demand and supply analysis. Students also gained ability to diagnose economic pr
Course content : Studying the fundamental economic terminology, market equilibriation process, the degree of competition under different market types, aggregate demand and supply analysis, economic problems and policies.
References : K.E. Case, R. C. Fair and S. M. Oster, Principles of Economics, Prentice-Hall, 10th edition, 2012.;
Course Outline Weekly
Weeks Topics
1 Introduction
2 The Scope and Method of Economics
3 The Economic Problem: Scarcity and Choice
4 Demand, Supply, and Market Equilibrium
5 Demand and Supply Applications, Elasticity
6 Midterm
7 Household Behavior and Consumer Choice
8 The Production Process
9 Costs Functions and Output Decisions
10 Imperfect Competition
11 Midterm
12 Introduction to Macroeconomics
13 Measuring National Output and National Income
14 Growth, Productivity, Unemployment and Inflation
15 Aggregate Expenditure and Ouput Determination
16 Government and Fiscal Policy
Assessment Methods
Course activities Number Percentage
Attendance 14 10
Laboratory 0 0
Application 0 0
Field activities 0 0
Specific practical training 0 0
Assignments 0 0
Presentation 0 0
Project 0 0
Seminar 0 0
Quiz 0 0
Midterms 2 60
Final exam 1 30
Total 100
Percentage of semester activities contributing grade success 70
Percentage of final exam contributing grade success 30
Total 100
Workload and ECTS Calculation
Course activities Number Duration (hours) Total workload
Course Duration 14 3 42
Laboratory 0 0 0
Application 0 0 0
Specific practical training 0 0 0
Field activities 0 0 0
Study Hours Out of Class (Preliminary work, reinforcement, etc.) 14 4 56
Presentation / Seminar Preparation 0 0 0
Project 0 0 0
Homework assignment 0 0 0
Quiz 0 0 0
Midterms (Study Duration) 2 10 20
Final Exam (Study duration) 1 10 10
Total workload 31 27 128
Matrix Of The Course Learning Outcomes Versus Program Outcomes
Key learning outcomes Contribution level
1 2 3 4 5
1. Possesses the theoretical and practical knowledge required in Electrical and Electronics Engineering discipline.
2. Utilizes his/her theoretical and practical knowledge in the fields of mathematics, science and electrical and electronics engineering towards finding engineering solutions.
3. Determines and defines a problem in electrical and electronics engineering, then models and solves it by applying the appropriate analytical or numerical methods.
4. Designs a system under realistic constraints using modern methods and tools.
5. Designs and performs an experiment, analyzes and interprets the results.
6. Possesses the necessary qualifications to carry out interdisciplinary work either individually or as a team member.
7. Accesses information, performs literature search, uses databases and other knowledge sources, follows developments in science and technology.
8. Performs project planning and time management, plans his/her career development.
9. Possesses an advanced level of expertise in computer hardware and software, is proficient in using information and communication technologies.
10. Is competent in oral or written communication; has advanced command of English.
11. Has an awareness of his/her professional, ethical and social responsibilities.
12. Has an awareness of the universal impacts and social consequences of engineering solutions and applications; is well-informed about modern-day problems.
13. Is innovative and inquisitive; has a high level of professional self-esteem.
1: Lowest, 2: Low, 3: Average, 4: High, 5: Highest
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