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Description of Individual Course Units| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | POS112B | General Economics | Compulsory | 1 | 2 | 5 |
| | Level of Course Unit | | Short Cycle | | Objectives of the Course | | It is aimed to provide an introductory level of knowledge about how the economy works. | | Name of Lecturer(s) | | Dr. Öğretim Üyesi Faruk SEZER | | Learning Outcomes | | 1 | Understands basic economic concepts. | | 2 | Understands the consumer's economic decision-making process. | | 3 | Knows the concept of market. | | 4 | Learns the rational decision-making processes of companies. | | 5 | Understands market types. |
| | Mode of Delivery | | Normal Education | | Prerequisites and co-requisities | | None | | Recommended Optional Programme Components | | None | | Course Contents | | Introduction to economics, overview of market economy, supply, demand and price mechanism, consumer behaviors, production and costs, market types and characteristics | | Weekly Detailed Course Contents | |
| 1 | What is economy, production possibilities of society, basic problems of economy, basic objectives of economic policy, economic systems. | | | | 2 | Development of market economy, Decision makers in economics, markets, circular flow of economic activities, micro and macroeconomic separation, positive and normative economics. | | | | 3 | Demand, supply, market equilibrium, changes in equilibrium price and amount. | | | | 4 | Demand price elasticity, demand price elasticity and aggregate demand, what determines the price elasticity of demand. | | | | 5 | Price elasticity of supply, what determines price elasticity of supply, applications about elasticity. | | | | 6 | Price ceiling and price floor. | | | | 7 | Marginal utility and consumer balance, value paradox. | | | | 8 | Midterm exam | | | | 9 | Short-term production, short-term costs, long-term production, long-term costs. | | | | 10 | The characteristics of the perfect competition market, the short-run equilibrium of the firm and the long-run equilibrium of the firm. | | | | 11 | The characteristics of the monopoly market, the short-run equilibrium price and quantity in monopoly, and the long-run equilibrium price and quantity of the monopolist firm. | | | | 12 | Characteristics of monopoly competition market, short-term firm balance and long-term firm balance. | | | | 13 | Characteristics of oligopoly market, model of elbow demand curve, competition in oligopoly market, cartels and price leadership, concentration in market and market structure, economies of scale. | | | | 14 | Factor request, supply and price, labor and wage. | | | | 15 | Capital and interest, natural resources and rent, entrepreneurship and profit, income distribution. | | |
| | Recommended or Required Reading | | Yıldırım, K., (2019) Introduction to Economics, Nisan Bookstore. | | Planned Learning Activities and Teaching Methods | | | Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
| | Workload Calculation | |
| Midterm Examination | 1 | 1 | 1 | | Final Examination | 1 | 2 | 2 | | Attending Lectures | 14 | 3 | 42 | | Discussion | 14 | 1 | 14 | | Question-Answer | 14 | 2 | 28 | | Self Study | 14 | 2 | 28 | | Individual Study for Mid term Examination | 7 | 2 | 14 | | Individual Study for Final Examination | 7 | 2 | 14 | |
| Contribution of Learning Outcomes to Programme Outcomes | | LO1 | 1 | 1 | 5 | 1 | 2 | 4 | 1 | 2 | 2 | 1 | | LO2 | 1 | 1 | 5 | 1 | 2 | 4 | 1 | 3 | 2 | 1 | | LO3 | 1 | 1 | 4 | 1 | 2 | 4 | 1 | 2 | 2 | 1 | | LO4 | 1 | 1 | 5 | 1 | 2 | 4 | 1 | 3 | 2 | 1 | | LO5 | 1 | 1 | 4 | 1 | 2 | 4 | 1 | 2 | 2 | 1 |
| | * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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