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.


EKO201E Syllabus (Fall 2021)


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

Course Materials

  • EKO201E Slides
  • Principles of Economics (7th Edition), Gregory Mankiw (Not required to purchase)


  • Midterm Examination 40%
  • Final Examination 60%


Your online participation is compulsory and highly appreciated. You must connect to the courses from your İTÜ e-mail addresses so that your participation is recorded at Zoom automatically.

If you could not attend more than half of the classes, and if you have an excuse, report this to the email below: 


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. Externalities
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
Chapter 32. A macroeconomic theory of open economies

We wish all our students great success!

Department of Economics