| Course Unit Title | Course Unit Code | Type of Course Unit | Level of Course Unit | Year of Study | Semester | ECTS Credits |
|---|---|---|---|---|---|---|
| Economics I | OMP111 | Compulsory | Associate degree | 1 | Fall | 3 |
Name of Lecturer(s)
Associate Prof. Dr. Oğuz BAL
Associate Prof. Dr. Rıdvan KARACAN
Assistant Prof. Dr. Mehmet Emin YARDIMCI
Lecturer İsmail BARIŞ
Learning Outcomes of the Course Unit
1) Analyze economic phenomena
2) Recognize market makers and express its properties
3) Explain the objectives and functioning of economic systems
4) Explain the purpose and reasons of consumer behaviors
Program Competencies-Learning Outcomes Relation
| Program Competencies | ||||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | ||
| Learning Outcomes | ||||||||||||
| 1 | High | High | High | Middle | High | Middle | High | High | High | High | High | |
| 2 | Middle | Middle | Middle | Low | Middle | Middle | Middle | Low | Middle | Low | Middle | |
| 3 | High | Middle | High | Middle | High | Middle | High | High | High | High | High | |
| 4 | Middle | High | High | High | High | High | High | High | High | High | High | |
Mode of Delivery
Face to Face
Prerequisites and Co-Requisites
None
Recommended Optional Programme Components
Not Required
Course Contents
Students will be equipped with the knowledge of basic concepts in economics and economic analysis methods and flow of economic activity, demand, supply and market equilibrium, cost analysis, fully competitive market and monopoly market.
Weekly Schedule
1) Basic concepts: Need, Goods and Services, Benefit, Value, Production, Factors of Production ,Economic Units2) Scarcity, Economics ,Scarcity, Problem Solution
3) Fundamental Problems in The Economy Full Employment Basic issues and economic systems
4) Economic Analysis Methods and Flow of Economic Activity Analysis Methods Flow of economic activity
5) Demand, Supply, and Market Equilibrium Price Markets The State of Equilibrium of The Market
6) Price Elasticity of Demand, The Income Elasticity of Demand Cross elasticity Supply elasticity
7) Consumer Equilibrium Analysis, Cardinal Approach Ordinal Approach
8) Midterm examination/Assessment
9) Cost Analysis, Short-term Production Costs, Long-term Production Costs.
10) Perfectly Competitive Market, Market Classification, Market Characteristics.
11) Monopolistic Market, Reasons for Emergence of Monopoly, Comparison of Monopoly and Perfect Competition
12) Monopolistic Competition and Oligopoly Markets, Monopolistic Competition and Basic Properties, Oligopoly Markets and Basic Properties. Cartel.
13) Labor Demand Curve, Labor Supply Curve, Labor Market Equilibrium.
14) Capital Market Equilibrium
15) Producer Equilibrium Analysis, Production Function, Law of Diminishing Yields, Changes in The Balance of Producers
16) Final examination
Recommended or Required Reading
1- İktisada Giriş, Kemal Yıldırım,NİSAN KİTABEVİ
2- iKTİSADA GİRİŞ DERS NOTLARI, Dr.Öğr.Üyesi Oğuz BAL
Planned Learning Activities and Teaching Methods
1) Lecture
2) Lecture
3) Discussion
4) Discussion
5) Drill and Practice
6) Drill and Practice
7) Group Study
8) Group Study
9) Case Study
10) Case Study
Assessment Methods and Criteria
Contribution of Midterm Examination to Course Grade |
20% |
|---|---|
Contribution of Final Examination to Course Grade |
80% |
Total |
100% |
Language of Instruction
Turkish
Work Placement(s)
Not Required