Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
1İKT101Introduction to Economics I3+0+03516.10.2026
Course Details
Language of Instruction Turkish
Level of Course Unit Bachelor's Degree
Department / Program Economics
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course The aim of the course is to equip our students with an infrastructure that will allow them to easily understand the various courses they will read throughout their education, especially the Micro Economics I and II courses they will read in the 2nd year. In addition, this course is a prerequisite for taking Microeconomics courses. It will be very difficult to learn these lessons without learning this lesson well and building a solid foundation.
Course Content The course starts with general economic concepts and terms and the method of economics and covers the subjects in the Weekly Programme. In this context, scarcity and preference; demand, supply and market equilibrium; demand and supply elasticity; utility and consumer preference; organization of production; production and costs; perfect competition market and related issues; imperfect competition markets consisting of monopoly, monopolistic competition and oligopoly markets; Basic topics such as production factor markets and income distribution are explained.
Course Methods and Techniques Each class begins with the instructor introducing the day ` s topic. The class is conducted in an interactive manner, employing a combination of methods such as lecturing, question-and-answer sessions, case studies, and discussions of research findings. Therefore, students are required to prepare thoroughly by reading about the topic during the week prior to the class.
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Prof.Dr. M. Hanifi Aslan
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Parasız, İlker. İktisada Giriş. 10. Baskı. Bursa: Ezgi Kitabevi, 2010.
Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
Çoban, Orhan (2018). İktisada Giriş. 6. Baskı, Konya: Atlas Akademi.
Course Notes Yalta, A. Yasemin, A. Talha Yalta (2019/021). Modern Mikroekonomiye Giriş. 1-4 Baskılar, Ankara: Adres Yayınları, 2019.
Documents Yalta, A. Yasemin, A. Talha Yalta (2019/021). Modern Mikroekonomiye Giriş. 1-4 Baskılar, Ankara: Adres Yayınları, 2019.

Course Category
Social Sciences %100

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 20
Quizzes 1 % 5
Assignment 10 % 10
Project 1 % 15
Final examination 1 % 50
Total
14
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 3 42
Hours for off-the-c.r.stud 1 3 3
Assignments 10 5 50
Mid-terms 1 20 20
Final examination 1 35 35
Total Work Load   Number of ECTS Credits 5 150

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 They learn the definition and scope of economics, economic reasoning, and fundamental economic concepts.
2 Understands that the fundamental economic problem is one of scarcity and choice, and learns the analytical tools that explain this. Learns about the evolution of economic thought and its fundamental topics.
3 Understands demand, supply, how market equilibrium is established, and how prices are determined. Learns the laws of demand and supply and grasps the continuous formation and shifting of market equilibrium (the functioning of markets).
4 Learns the concepts of demand, supply, cross-demand, and income elasticity, as well as how they are measured, expressed, interpreted, and utilized. Understands the concept of economic efficiency, the types of efficiency, and the role of the state.
5 Learns the utility theory that forms the basis of consumer demand, as well as consumer equilibrium (utility maximization) according to two different utility theories.
6 One learns about the issues regarding by whom and how production is organized and financed.
7 Learns the production process, the short-run production function, and related concepts;
8 Understands—both verbally and visually—production costs and related concepts, as well as firm revenues and related concepts, in the short and long run.
9 Understands the market and market structure, as well as the conditions and functioning of the abstract and ideal perfect competition market; learns how firms maximize their profits.
10 Learns the concept of imperfect competition, the monopoly market, its causes and types, the revenues and profit maximization of the monopolist firm, and can compare this market and its results with those of the perfect competition market.
11 Learns about monopolistic competition and oligopoly markets and their functioning, can explain the equilibrium of firms in these markets, and can compare them with other markets.
12 Understands and explains factor markets; the characteristics of factors of production; how the markets for labor, capital, and natural resources operate; and how wages, interest, rent, and profit are determined.
13 Understands the definition, types, and fundamental principles of income distribution, the measurement of income inequality, and the concepts and policies regarding income redistribution.
14 Grasps the fundamentals of public choice theory and issues related to market and government failures.

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Definition, Method and Scope Topics to be covered are read from books and other sources and watched from videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
2 Economic Problem and Economic Systems The topics covered the previous week and those to be covered this week are studied through books and other resources, as well as by watching videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
3 Demand, Supply, and Market Equilibrium The topics covered the previous week and those to be covered this week are studied through books and other resources, as well as by watching videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
4 Elasticities of Demand and Supply The topics covered the previous week and those to be covered this week are studied through books and other resources, as well as by watching videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
5 Demand, Utility, and Consumer Equilibrium The topics covered the previous week and those to be covered this week are studied through books and other resources, as well as by watching videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
6 Organization and Financing of Production The topics covered the previous week and those to be covered this week are studied through books and other resources, as well as by watching videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
7 Production Process and Production Function The topics covered the previous week and those to be covered this week are studied through books and other resources, as well as by watching videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
8 Midterm Exam
9 Analysis of Production Costs The topics covered the previous week and those to be covered this week are studied through books and other resources, as well as by watching videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
10 Market Structure and Perfect Competition Market The topics covered the previous week and those to be covered this week are studied through books and other resources, as well as by watching videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
11 Imperfectly Competitive Markets and Monopoly The topics covered the previous week and those to be covered this week are studied through books and other resources, as well as by watching videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
12 Monopolistic Competition and Oligopoly Markets The topics covered the previous week and those to be covered this week are studied through books and other resources, as well as by watching videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
13 Factor Markets and Factor Prices The topics covered the previous week and those to be covered this week are studied through books and other resources, as well as by watching videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
14 Income Distribution The topics covered the previous week and those to be covered this week are studied through books and other resources, as well as by watching videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.
15 Public Choice and Market Failure The topics covered the previous week and those to be covered this week are studied through books and other resources, as well as by watching videos. Yalta, A. Yasemin, A. Talha Yalta (2025). Modern Mikroekonomiye Giriş. 8. Baskı, Ankara: Adres Yayınları.

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12
All 5 3 2 3 3 3 3 4 3 5 4 5
C1 5 3 2 3 3 3 3 4 3 5 4 5
C2 5 3 2 3 3 3 3 4 3 5 4 5
C3 5 3 2 3 3 3 3 4 3 5 4 5
C4 5 3 2 3 3 3 3 4 3 5 4 5
C5 5 3 2 3 3 3 3 4 3 5 4 5
C6 5 3 2 3 3 3 3 4 3 5 4 5
C7 5 3 2 3 3 3 3 4 3 5 4 5
C8 5 3 2 3 3 3 3 4 3 5 4 5
C9 5 3 2 3 3 3 3 4 3 5 4 5
C10 5 3 2 3 3 3 3 4 3 5 2 5
C11 5 3 2 3 3 3 3 4 3 5 4 5
C12 5 3 2 3 3 3 3 4 3 5 4 5
C13 5 3 2 3 3 3 3 4 3 5 4 5
C14 5 3 2 3 3 3 3 4 3 5 4 5

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant