Announcements

  1. Course page is on line (Oct. 1)

 

Personnel

Instructor: Shihomi Ara-Aksoy
(Office: İİBF, İktisat Bölümü, Email: )

Course Information

Schedule: Wednesdays 9:00-11:45, D10
Office hours: Wednesdays 17:00-18:00, Fridays 16:00-17:00 Or By Appointment
Course description
/objective:

The objective of this course is to introduce the basic concepts and tools used in economic analysis.  In this course, the basic structures of both Microeconomics and Macroeconomics will be discussed. Students are expected to learn “economic” ways of thinking and understand the economic events in our economy and society by using the learned economic concepts. 

Texts

Course Syllabus

Lecture Schedule

Week

Contents

Week 1

(Oct. 7)
Topics:
  • The Scope and Method of Economics
Readings:
  • Ch. 1

Week 2

(Oct. 14)
Topics:
  • The Economic Problem; Scarcity and Choice
Readings:
  • Ch. 2

Week 3

(Oct. 21)
Topics:
  • Demand, Supply and Market Equilibrium
Readings:
  • Ch. 3

Week 4

(Oct. 28)
Topics:
  • Demand and Supply Applications
  • Elasticity
Readings:
  • Ch. 4, Ch. 5

Week 5

(Nov. 4)
Topics:
  • Household Behavior and Consumption Choice
Readings:
  • Ch. 6

Week 6

(Nov. 11)
Topics:
  • The Production Process: The Behavior of Profit-Maximizing Firms
Readings:
  • Ch. 7

Week 7

(TBA)
Midterm Exam

Week 8

(Nov. 25)
Topics:
  • Monopoly
  • Oligopoly
Readings:
  • Ch. 13, Ch. 14

Week 9

(Dec. 2)
Topics:
  • Externalities, Public Goods, and Social Choice
Readings:
  • Ch. 16

Week 10

(Dec. 9)
Topics:
  • Introduction to Macroeconomics
  • Measuring National Output and National Income
  • Unemployment, Inflation
Readings:
  • Ch. 20, Ch. 21, Ch. 22

Week 11

(Dec. 16)
Topics:
  • Aggregate Expenditure and Equilibrium Output
  • The Government and Fiscal Policy
Readings:
  • Ch. 23, Ch. 24

Week 12

(Dec. 23)
Topics:
  • The Money Supply
  • The Money Demand and the Equilibrium Interest Rates
Readings:
  • Ch. 25, Ch. 26

Week 13

(Dec. 30)
Topics:
  • Aggregate Demand in the Goods and Money Markets
Readings:
  • Ch. 27

Week 14

(Jan. 6)
Topics:
  • Aggregate Supply and the Equilibrium Price Level
Readings:
  • Ch. 28

Final Exam

(TBA)
Final Exam

Exams

Grading Policy

Class Participation12%
Midterm Exam44%
Final Exam44%

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