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Course Unit Title Course Unit Code Type of Course Unit Level of Course Unit Year of Study Semester ECTS Credits
Introduction To Economics HIP107 Compulsory Associate degree 1 Fall 4

Name of Lecturer(s)

Associate Prof. Dr. Fatih KOÇ
Assistant Prof. Dr. Oğuz YAVUZYILMAZ
Lecturer Elvan AKSEN
Lecturer Hasan Hüseyin ÇETİN
Lecturer Dr. Kerem ÇOLAK

Learning Outcomes of the Course Unit

1) define the basic concepts of basic issues
2) explain the basic economic problems
3) become ready for further economics classes
4) to follow economic developments
5) assess the basic level on the science of economics publications
6) To have a basic knowledge of economics problems

Program Competencies-Learning Outcomes Relation

  Program Competencies
1 2 3 4 5 6 7 8
Learning Outcomes
1 Low Low Low Middle No relation Middle Low No relation
2 Low Low Low Middle No relation Middle No relation No relation
3 No relation No relation No relation No relation No relation No relation No relation No relation
4 Middle Middle Middle Middle Middle Middle Middle No relation
5 No relation No relation No relation No relation No relation No relation No relation No relation
6 Middle Middle Middle Middle Middle Middle Middle Middle

Mode of Delivery

Face to Face

Prerequisites and Co-Requisites

None

Recommended Optional Programme Components

MACRO ECONOMİCS

Course Contents

Basic Concepts Demand / Supply and Market Equilibrium Flexibility (Elasticity of Demand and Supply Elasticity, price controls) Theory of Consumer Behavior (budget line, indifference curves, Consumer Balance) Production Theory: Production Function, Short Term / Long Term Production Function) Production Costs (Production Costs of Short-Term) Commodity Markets (Perfect Competition, Monopoly Markets, Oligopoly Markets) Factor Markets and Income Distribution

Weekly Schedule

1) basic concepts
2) Basic economic problems
3) Demand / Supply and Market Balance
4) Flexibility (Elasticity of Demand and Supply Elasticity, price controls)
5) The theory of consumer behavior
6) Production Theory and Production Costs
7) The Goods Market (Perfect Competition, Imperfect Competition (Monopoly, Monopolistic Competition, Oligopoly Markets)
8) midterm exam
9) national income accounts
10) Inflation Definition, Measurement, Types
11) Concept of Employment, Unemployment and Unemployment Basic Concepts, Types of unemployment
12) Definition of Money, Money System, Money Demand and Money Supply
13) Definition of Monetary Policy, Objectives and Tools
14) Benefits and Disadvantages of Foreign Trade and Foreign Trade Specialization
15) Scope Definition of the Economic Growth and Development, Growth Factors
16) final exam

Recommended or Required Reading

Planned Learning Activities and Teaching Methods

1) Lecture
2) Question-Answer
3) Discussion
4) Group Study
5) Brain Storming


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