FMV IŞIK UNIVERSITY

Faculty of Econ., Adm. and Social Sciences, Department of Economics

ECON1005.1 Introduction to Economics

Syllabus, February 2024

Semester: Spring Level of Course: Introductory

Language of Instruction: English

Instructor: Hasan Bakır, Assoc. Prof. Dr. (hasan.bakı[email protected]),

Class hours: 08:30-11:20 –on Friday (online)

Course Description: Resources and scarcity; supply and demand; the mixed economy; market structure;
national income; business cycles, unemployment and inflation; economic growth and productivity;
money, banking and monetary policy; international trade and finance.

Required Textbook: Case, K.; Fair, R.; & Oster, S. (2019), Principles of Economics (MyLab
Economics Access Code Card with Pearson eText), Global Edition, 13th Ed., Pearson.

This is a REQUIRED textbook. Quizzes/assignments which account for 15% of the overall grade are
going to be held on through Pearson MyLab Economics online platform. In addition to this, ungraded
homeworks can also be assigned. For this reason, every student is expected to purchase the access code
to register for Pearson MyLab platform.

Pearson MyLab Economics: Pearson MyLab Economics is an online platform that aims to enhance
student learning. For this purpose, the platform offers various materials and exercises to increase
students’ academic performance.

You can purchase one of the following versions through the websites provided below:
e-text and access code: https://www.caglayan.com/urundetay/752406/ISIK%201292397177
Printed book, e-text, and access code: https://www.caglayan.com/urundetay/749610/ISIK1292294698

For both versions, you need to register for Pearson MyLab using the access codes to take the quizzes.

Guide for Registeration: Please see the last page of this syllabus for step-by-step explanations.

Pearson MyLab Course ID: bakir15259(You will need this id to register for our course on MyLab
Economics Platform)

Important Notes: Once you purchase the code on the link above, access codes will be sent to you via e-
mail. So please check your e-mail inbox (and spam folder) after you purchase the code. If you do not get
an e-mail within 72 hours, please get in contact with the Çağlayan Bookstore: Tel.: +90 212 245 44 33 |
Mobile: +90 553 133 73 00. As this procedure may take up some time, the instructor strongly advises
you to complete all the registration process no later than the second week of the semester.
 If you experience problems regarding the registration process, you can contact the representa-
tives (during the working hours of workdays) at the following link:
https://yardim.pearson.com.tr/tr/support/login
Tentative Course Plan*:
Wee
Date Subject
k
1 Feb. 23, Friday Course Syllabus
Chapter 1. The Scope and Method of Economics
2 Mar. 1, Friday
Chapter 2. The Economic Problem: Scarcity and Choice
Chapter 3. Demand, Supply, and Market Equilibrium
3 Mar. 8, Friday
Chapter 4. Demand and Supply Applications
4 Mar. 15, Friday Chapter 5. Elasticity
Chapter 7. The Production Process: The Behavior of Profit-
5 Mar. 22, Friday Maximizing Firms
Quiz 1**
Chapter 8. Short-Run Costs and Output Decisions
6 Mar. 29, Friday
Quiz 2**
Chapter 9. Long-Run Costs and Output Decisions
Apr. 5, Friday Chapter 12. General Equilibrium and the Efficiency of Perfect
Competition
7 SEMESTER BREAK

8 Apr. 19, Friday

MİDTERM EXAM
Chapter 13. Monopoly and Antitrust Policy
9 Apr. 26, Friday
Quiz 3**
Chapter 14. Oligopoly
10 May. 3, Friday Chapter 15. Monopolistic Competition
Quiz 4**
11 May. 10, Friday Chapter 20. Introduction to Macroeconomics
12 May. 17, Friday Chapter 21. Measuring National Output and National Income
Chapter 22. Unemployment, Inflation & Long-Run Growth
13 May. 24, Friday
Quiz 5**
Chapter 33. International Trade, Comparative Advantage, and
14 May. 31, Friday Protectionism
Quiz 6**
*Please follow Blackboard system for syllabus updates and announcements for updates and
adjustments during the semester, if any. The instructor is going to announce any change made to it
both in the lectures and through Blackboard.

** Quizzes are going to be held on Friday during course time (at 15:30) of the corresponding
week online through Pearson MyLab Economics platform.

Grading Policy: Requirements for this course include:

 1 midterm exam (35%) – in-class
 6 online quizzes/assignments through Pearson MyLab (total 15%) – highest 5 will be counted.
 1 (cumulative) final exam (50%). – in-class
Participation to the in-class discussions will be rewarded.

Please note that you must participate in online quizzes or assignments via Pearson MyLab. There will
be no make-up for quizzes or assignments for any reason.

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As mentioned at the beginning of this syllabus, MyLab Economics is a platform that offers students
digital tools to help students practice their knowledge. Its aim is to increase student success. In this
respect, please practice using MyLab, do not use it only for taking quizzes.

*MAKE-UP MIDTERM EXAM POLICY: If the midterm exam is missed, a typewritten and signed
petition fully explaining and documenting why the exam was missed must be submitted to the
professor no later two 2 (two) business days after the date of the exam – otherwise it will not be
accepted. If the absence is due to illness, proper and official documentation from a medical doctor
will be required. If the petition is approved, then a make-up exam is going to be held.

Registration Instructions for Pearson MyLab: You can register for the course as described below:

| MyLab | Economics
Student Registration Instructions

To register for ECON1005:

1. Go to https://mlm.pearson.com/enrollment/bakir15259

2. Sign in with your Pearson student account or create your account.

For Instructors creating a Student account, do not use your instructor credentials.

3. Select any available access option, if asked.

» Enter a prepaid access code that came with your textbook or from the bookstore.

» Buy instant access using a credit card or PayPal.

» Select Get temporary access without payment.

4. Select Go to my course.

5. Select ECON1005 from My Courses.

If you contact Pearson Support, give them the course ID: bakir15259

To sign in later:

1. Go to https://mlm.pearson.com

2. Sign in with the same Pearson account you used before.

3. Select ECON1005 from My Courses.

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