ECON 1101 - Introduction to Economics I

Basic Information

Course Code:

ECON 1101

Course Name:

Introduction to Economics I

Language of Instruction:

English

Course Type:

Class

Course Level:

Bachelor

ECTS:

6.00

Instructor:

Dr. Öğr. Üyesi Peyman UYSAL

Course Objectives

The aim of this course is to introduce students to fundamental economic concepts and analytical tools; to explain how individuals, firms, and markets make decisions under conditions of scarcity; and to develop students’ ability to interpret economic phenomena within the framework of supply-demand mechanisms, market equilibrium, and basic economic policy instruments.

Course Content

This course covers the fundamental concepts and analytical framework of economics. After introducing scarcity, opportunity cost, economic systems, and basic microeconomic principles, the course examines supply and demand analysis, market equilibrium, elasticity, and government interventions. It also addresses the basics of consumer and producer behavior as well as the characteristics of different market structures, aiming to develop students’ ability to interpret current economic issues.

Prerequisites / Corequisites

There are no prerequisites for this course.

Course Books / Materials / Recommended Resources

Sloman, J., Garratt, D., & Guest, J. Economics. Pearson Education.

Learning Outcomes

Code	Description
LO1	Students can define and explain fundamental economic concepts (scarcity, opportunity cost, supply and demand).
LO2	Students can analyze market equilibrium using the supply and demand model.
LO3	Students can compare the main characteristics of different market structures (perfect competition, monopoly, etc.).
LO4	Students can interpret current economic issues using basic microeconomic concepts.
LO5	Students can evaluate the effects of economic policy instruments (taxes, subsidies, price controls) on market outcomes.

Weekly Course Content

Week	Content
1	Introduction to Economics and Basic Concepts
2	Scarcity, Choice, and Opportunity Cost
3	Economic Systems and Market Mechanism
4	Demand and the Demand Curve
5	Supply and the Supply Curve
6	Market Equilibrium and Equilibrium Analysis
7	Elasticity: Concepts and Types
8	Midterm Exam
9	Government Intervention (Taxes, Subsidies, Price Controls)
10	Consumer Behavior and Utility Theory
11	Producer Behavior and Costs
12	Perfect Competition
13	Monopoly and other markets
14	Market Failures
15	Review

Workload Calculation

Activity	Count	Duration (Hours)	Total
Attendance	15	3.00	45.00
Practice	14	1.00	14.00
Pre-Class Individual Study	15	2.00	30.00
Post-Prectice Individual Study	14	2.00	28.00
Midterm Exam/Preparation	7	2.50	17.50
Final Exam/Preparation	7	2.00	14.00
Homework	14	2.00	28.00
Total Workload (Hours)			176.5
ECTS Credit (Workload / 25)			6

Assessment

#	Assessment Type	Contribution (%)
1	Midterm Exam	%40
2	Final Exam	%60
TOTAL		%100

PO - LO Matrix

PO \ LO	LO1	LO2	LO3	LO4	LO5
PO-1
PO-2
PO-3
PO-4
PO-5
PO-6
PO-7
PO-8
PO-9
PO-10
PO-11
PO-12

1

Low Contribution

2

Medium Contribution

3

High Contribution

Academic Integrity and Artificial Intelligence

Academic integrity is a fundamental principle of this course. Students are expected to produce their own work in all assessments (exams, assignments, projects, etc.). Plagiarism, cheating, unauthorized collaboration, and misrepresentation are considered violations of academic ethics and will be subject to disciplinary procedures.The use of artificial intelligence tools (e.g., text-generation systems) is permitted only when explicitly authorized by the instructor and within specified limits. When such tools are used, students must clearly disclose how and to what extent AI has contributed to their work. The use of AI as a substitute for a student’s own work constitutes a violation of academic integrity.

Sustainable Development Goals