İKT105

School of Economics and Administrative Sciences \ Economics

3

6

Compulsory

Turkish

-

Economics, Psychology, Political Science and International Relations, Business Administration

It is a course that introduces the field of economics and teaches the basic concepts of macroeconomics and microeconomics.

N. Gregory Mankiw, Mark P. Taylor, Economics, Cengage Learning, 3rd Edition, 2014

The aim of this course is to introduce students to the field of economics and teach the basic concepts of macroeconomics and microeconomics. Another objective of the course is to prepare students for intermediate and advanced economics courses they will take in higher years.

1. Introduces the basic concepts of the field of economics.
2. Develops the ability to analyze the decision-making processes of individuals, firms, and policymakers.
3. Provides students with the skills to follow current economic developments and generate solutions.

Week 1: Basic Principles of Economics
Week 2: Supply and Demand, Markets, Elasticity, Government Policies
Week 3: Consumer and Producer Behavior
Week 4: Production and Competitive Markets
Week 5: Perfect Competition, Monopoly, Oligopoly
Week 6: Measuring a Country's Income
Week 7: Interest Rates, Money, and Prices in the Long Run, Savings, Investment, and the Financial System, Basic Financial Instruments
Week 8: The Monetary System, Growth and Inflation
Week 9: Short-Term Economic Fluctuations, Business Cycles (Cyclical Fluctuations), Keynesian Economics and IS-LM Analysis
Week 10: Aggregate Demand and Aggregate Supply, The Effect of Monetary and Fiscal Policies on Aggregate Demand
Week 11: The Short-Term Trade-Off Between Inflation and Unemployment
Week 12: Supply-Side Economics

• Midterm 45 %
• Final 45 %
• Homeworks 10 %