Course Details

ECO 141 Introduction to Economics I
2021-2022 Fall term information

The course is open this term
Section: 02
Supervisor(s):Osman Küçükşen
OnlineFriday14:00 - 16:45

Timing data are obtained using weekly schedule program tables. To make sure whether the course is cancelled or time-shifted for a specific week one should consult the supervisor and/or follow the announcements.

Course definition tables are extracted from the ECTS Course Catalog web site of Hacettepe University ( in real-time and displayed here. Please check the appropriate page on the original site against any technical problems. Course data last updated on 03/12/2021.


Course Name Code Semester Theory
Credit ECTS
Course languageTurkish
Course typeMust 
Mode of DeliveryFace-to-Face 
Learning and teaching strategiesLecture
Instructor (s)Gökçer Özgür, Dilek Kılıç 
Course objectiveThe objective of this course is to give the student the basic concepts and tools of the economic analysis. In general, the aim is to cultivate a disciplined way of thinking ?economically? on real world economic problems. The focus of the course will be on the conceptual foundations of the economics discipline, without omitting the concrete cases that could be relevant for economic analysis. At the end of this course, students are expected to acquire some notion as to what economics is about. National income accounting, economic growth, aggregate demand and its components, macroeconomic problems such as unemployment and inflation as well as economic policies for these problems will be studied. 
Learning outcomes
  1. Students learned the fundamental economic terminology. Students also gained the understanding of demand and supply functions, and market equilibriation process. Market types, output decision-making under these different types of markets, and differences between perfect and imperfect competition are also the gained concepts by the students. Students also learned national income and its components as well as aggregate demand and supply analysis. Students also gained ability to diagnose economic pr
Course ContentStudying the fundamental economic terminology, market equilibriation process, the degree of competition under different market types, aggregate demand and supply analysis, economic problems and policies. 
ReferencesK.E. Case, R. C. Fair and S. M. Oster, Principles of Economics, Prentice-Hall, 10th edition, 2012.


Course outline weekly

Week 1Introduction
Week 2The Scope and Method of Economics
Week 3The Economic Problem: Scarcity and Choice
Week 4Demand, Supply, and Market Equilibrium
Week 5Demand and Supply Applications, Elasticity
Week 6Midterm
Week 7Household Behavior and Consumer Choice
Week 8The Production Process
Week 9Costs Functions and Output Decisions
Week 10Imperfect Competition
Week 11Midterm
Week 12Introduction to Macroeconomics
Week 13Measuring National Output and National Income
Week 14Growth, Productivity, Unemployment and Inflation
Week 15Aggregate Expenditure and Ouput Determination
Week 16Government and Fiscal Policy

Assesment methods

Course activitiesNumberPercentage
Field activities00
Specific practical training00
Final exam130
Percentage of semester activities contributing grade succes070
Percentage of final exam contributing grade succes030

Workload and ECTS calculation

Activities Number Duration (hour) Total Work Load
Course Duration (x14) 14 3 42
Laboratory 0 0 0
Specific practical training000
Field activities000
Study Hours Out of Class (Preliminary work, reinforcement, ect)14456
Presentation / Seminar Preparation000
Homework assignment000
Midterms (Study duration)21020
Final Exam (Study duration) 11010
Total Workload3127128

Matrix Of The Course Learning Outcomes Versus Program Outcomes

D.9. Key Learning OutcomesContrubition level*
1. PO1. Possesses the theoretical and practical knowledge required in Electrical and Electronics Engineering discipline.  X   
2. PO2. Utilizes his/her theoretical and practical knowledge in the fields of mathematics, science and electrical and electronics engineering towards finding engineering solutions. X   
3. PO3. Determines and defines a problem in electrical and electronics engineering, then models and solves it by applying the appropriate analytical or numerical methods.  X   
4. PO4. Designs a system under realistic constraints using modern methods and tools.   X 
5. PO5. Designs and performs an experiment, analyzes and interprets the results. X   
6. PO6. Possesses the necessary qualifications to carry out interdisciplinary work either individually or as a team member.   X  
7. PO7. Accesses information, performs literature search, uses databases and other knowledge sources, follows developments in science and technology. X   
8. PO8. Performs project planning and time management, plans his/her career development.   X 
9. PO9. Possesses an advanced level of expertise in computer hardware and software, is proficient in using information and communication technologies. X   
10. PO10. Is competent in oral or written communication; has advanced command of English.  X  
11. PO11. Has an awareness of his/her professional, ethical and social responsibilities.  X  
12. PO12. Has an awareness of the universal impacts and social consequences of engineering solutions and applications; is well-informed about modern-day problems.   X 
13. PO13. Is innovative and inquisitive; has a high level of professional self-esteem.  X  

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

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