Skip to main content

IKT 111 - Introduction to Economics I

Faculty of Business and Management Sciences · Economics (English) · Undergraduate

ECTS: 5 T+P+L: 3+0+0 Compulsory
Coordinator: Dr. Öğr. Üyesi Mohammad Ghaıth MAHAINI
Instructors: Dr. Öğr. Üyesi Mohammad Ghaıth MAHAINI

Course Learning Outcomes

  1. Students will be able to understand introductory microeconomic theory.
  2. Students will be able to define the main concepts of microeconomics.
  3. Students will understand how consumers make their consumption choices.
  4. Students will learn how firms make their production decision under different market structures.
  5. The student can explain the issues of market functioning and balancing in the economy.

Core Area Distribution

(22) Humanities%20 (31) Social and Behavioural Science%40 (34) Business and Administration%40

Teaching Methods

ExpressionQuestion-AnswerExercise and PracticeSelf studyProblem Solving

Assessment & Evaluation

Testing (Essay / Tests: True-Falls, multiple-choice, short answer, matching)

ECTS / Workload

ActivityQuantityDuration (h)Total Workload
Course Duration (Including Exam Week)14342
Out of Class Study Period14228
Midterm12020
Quiz2510
Assignment000
Practice000
Final12525

Course Schedule

WeekSubjectPreparation
1Introduction to CourseChapter 1 (Begg, 2014)
2Economics and the EconomyChapter 1 (Begg, 2014)
3Tools of Economic AnalysisChapter 2 (Begg, 2014)
4Demand, Supply, and the MarketChapter 3 (Begg, 2014)
5Demand, Supply, and the MarketChapter 3 (Begg, 2014)
6Elasticities of Demand and SupplyChapter 4 (Begg, 2014)
7Elasticities of Demand and SupplyChapter 4 (Begg, 2014)
8Midterm ExamStudy for Exam
9Consumer Choice and Demand DecisionsChapter 5 (Begg, 2014)
10Introducing Supply DecisionsChapter 6 (Begg, 2014)
11Costs and SupplyChapter 7 (Begg, 2014)
12Perfect Competition and Pure MonopolyChapter 8 (Begg, 2014)
13Perfect Competition and Pure MonopolyChapter 8 (Begg, 2014)
14Market Structure and Imperfect CompetitionChapter 9 (Begg, 2014)
15Market Structure and Imperfect CompetitionChapter 9 (Begg, 2014)
16Final ExamStudy for Exam