Common  Course in  English (EKO201E)

Course Description:

This course examines the basic concepts in economics. The first part covers
microeconomics. In this part, we will study of how firms decide on production and
households decide on consumption of goods and services. The second part
covers macroeconomics. In this part, we will study the economy as a whole.
Topics include national income, unemployment, inflation, and economic growth.


All announcements will be made on our course web page below. Please follow it
regularly to remain informed and updated.

EKO201 Syllabus

Course Materials:

Please note that all the materials including the book and slides are available as
soft copy format on the link below:



1st Midterm Examination 30%
2nd Midterm Examination 30%
Final Examination 40%


Your participation is compulsory and highly appreciated. Unfortunately, you will
receive VF if you become unable to attend more than a half of the lectures during
a term without any legitimate reason to do so.
İstanbul Technical University (İTÜ)


If you experience any problem about the course, you should let us know at the
email address below:

Every term, more than a thousand and five hundred students take the course, so
be patient while we return back to your emails. We will be doing our best to resolve
your queries in shortest time possible.

Course Outline

1. Introduction

Chapter 1. Principles
Chapter 2. Thinking Like an economist
Chapter 3. Interdependence and the gains from trade

2. Supply and demand I: how markets work

Chapter 4. The market forces of supply and demand
Chapter 5. Elasticity and its applications
Chapter 6. Supply demand and government policies

3. Supply and demand II: markets and welfare

Chapter 7. Consumers, producers, and the efficiency of markets
Chapter 8. Application: The costs of taxation
Chapter 10: The Economics of the public sector
4. Firm behaviour, and the organization of industry

Chapter 13. The costs of production
Chapter 14. Firms in competitive markets
Chapter 15. Monopoly
Chapter 16. Oligopoly
Chapter 17. Monopolistic competition

5. The data of Macroeconomics

Chapter 23. Measuring the national income
Chapter 24. Measuring the cost of living

6. The real economy in the long-run

Chapter 25. Production and growth
Chapter 26. Saving, investment, and the financial system
Chapter 28. Unemployment

7. Money and prices in the long-run

Chapter 29. The monetary system
Chapter 30. Inflation

8. The macroeconomics of open economies

Chapter 31. Basic concepts

We Wish All Our Students Great Success!

Department of Economics