Kocaeli University / European Credit Transfer System (ECTS)

Name of Lecturer(s)

Prof. Dr. Yusuf BAYRAKTUTAN
Assistant Prof. Dr. Mehmet Çağrı GÖZEN

Learning Outcomes of the Course Unit
Program Competencies-Learning Outcomes Relation

Learning Outcomes of the Course Unit

1) Obtain basic knowledge on the essantials of economics, economic problems and systems.
2) Obtain basic knowledge on markets, demand, supply and elasticity.
3) Identify production, and consumption behavior.
4) Discuss distribution related issues.
5) Use national income related concepts, and calculations.
6) Identify the essantials of employment, inflation, bussiness cycles.
7) Discuss the essantials of fiscal and monetary policies.
8) Evaluates changes in global and Turkish economy, and development issues.

Program Competencies-Learning Outcomes Relation

		Program Competencies
		1	2	3	4	5	6	7	8	9	10
Learning Outcomes
	1	Low	Middle	Low	Middle	Low	Middle	Middle	Middle	Middle	Low
	2	Low	Middle	Low	Middle	Low	Middle	Middle	Middle	Middle	Low
	3	Low	Middle	Low	Middle	Low	Middle	Middle	Low	Middle	Low
	4	Low	Low	Low	Middle	Low	Middle	Middle	Low	Low	Low
	5	Low	Middle	Middle	Middle	Low	Middle	Middle	Middle	Low	Low
	6	Low	Middle	Low	Middle	Low	Middle	Middle	Low	Low	Low
	7	Low	Low	Low	Low	Middle	Middle	Middle	Low	Low	Low
	8	Middle	Middle	Middle	Middle	Middle	Middle	Middle	Middle	Middle	Low

Mode of Delivery

Face to Face

Prerequisites and Co-Requisites

None

Recommended Optional Programme Components

Not Required

Course Contents

The subject matter of economics and general frameworks, basic concepts and problems, development of economics, basic economic systems, factors of production, theory of consumer behaviour, theory of producer behaviour, price mechanism and market structures, theories of perfect and imperfect competition, distribution of income; National income accounting, determining equilibrium, inflation, employment-unemployment, monetary policy and central bank, fiscal policy, international economics, development issues.

Weekly Schedule

1) Introduction
2) Basic economic concepts
3) Main economic problems and systems
4) Demand
5) Supply
6) Market equilibrium and elasticities
7) Market types
8) Mid-term exam
9) Theories of production and consumption
10) Theories of price and distribution
11) National income, its accounting, equilibrium, and different approaches
12) Inflation and unemployment
13) Growth, development and business cycles
14) Monetary and fiscal policies
15) International economic relations, World and Turkish economies
16) Final exam

Planned Learning Activities and Teaching Methods

1) Lecture
2) Question-Answer
3) Discussion
4) Self Study

Assessment Methods and Criteria

Contribution of Midterm Examination to Course Grade	40%
Contribution of Final Examination to Course Grade	60%
Total	100%

Language of Instruction

Turkish

Work Placement(s)