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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 | | SAK109B | General Economics | Compulsory | 1 | 1 | 5 |
| | Level of Course Unit | | Short Cycle | | Objectives of the Course | | To gain the ability to think about economic concepts and to make up-to-date comments on economics. | | Name of Lecturer(s) | | Öğr. Gör. Ömer ALTAY | | Learning Outcomes | | 1 | Have basic conceptual knowledge of the field at an advanced level, taking into account its reflections in practice. | | 2 | It has an advanced level of basic conceptual knowledge about the field, taking into account its reflections in practice. | | 3 | They have basic information about the causes and consequences of the transformations that their societies are going through. | | 4 | To be able to inform the relevant persons and institutions on the issues related to the field, to be able to convey their thoughts and suggestions for solutions to problems verbally and wiriting. | | 5 | To act in accordance with social, scientific, cultural and ethical values in the stages of collecting, interpreting, applying and announcing the results of the data related to the field. |
| | Mode of Delivery | | Normal Education | | Prerequisites and co-requisities | | None | | Recommended Optional Programme Components | | None | | Course Contents | | 1 Fundamentals of economics, definition and subject of economics, economic systems, basic concepts, methods used in economics
2 Economic problem, scarcity and choice, opportunity cost
3 Demand, demand function, market demand curve, change in income, change in price of good, change in price of other good, compensated demand
4 Supply, supply function, market supply curve
5 Market equilibrium, equilibrium price, effect of shifts in demand on price, impact of shifts in supply on price
6 Elasticity of demand, price elasticity of demand, income elasticity of demand, cross elasticity of demand
7 elasticity of supply
8 Midterm Exams
9 Supply, demand and flexibility applications
10 Price controls
11 Theories of consumer behavior, utility, law of diminishing marginal utility, cardinal and ordinal utility, indifference curves, properties of indifference curves, marginal rate of substitution, budget line
12 Consumer balance, changes in consumer balance,
13 Production theory, production functions, total product, average product, marginal product, optimal factor combination in the short run
14 Isometric curves, technical substitution rate, economic region of production, returns to scale, factor substitution, isocost line, optimal factor composition in the long run | | Weekly Detailed Course Contents | |
| 1 | Fundamentals of economics, definition and subject of economics, economic systems, basic concepts, methods used in economics | None | None | | 2 | Economic problem, scarcity and choice, opportunity cost | None | None | | 3 | Demand, demand function, market demand curve, change in income, change in price of good, change in price of other good, compensated demand | None | None | | 4 | Supply, supply function, market supply curve | None | None | | 5 | Market equilibrium, equilibrium price, effect of shifts in demand on price, impact of shifts in supply on price | None | None | | 6 | elasticity of demand, price elasticity of demand, income elasticity of demand, cross elasticity of demand | None | None | | 7 | elasticity of supply | None | None | | 8 | Midterm exam | None | None | | 9 | Supply, demand and flexibility applications | None | None | | 10 | Price controls | None | None | | 11 | Theories of consumer behavior, utility, law of diminishing marginal utility, cardinal and ordinal utility, indifference curves, properties of indifference curves, marginal rate of substitution, budget line | None | None | | 12 | Consumer balance, changes in consumer balance, | None | None | | 13 | Production theory, production functions, total product, average product, marginal product, optimal factor combination in the short run | None | None | | 14 | Isometric curves, technical rate of substitution, economic zone of production, return to scale | None | None | | 15 | Factor substitution, isocost line, optimal factor combination in the long run | None | None |
| | Recommended or Required Reading | | Prof. Dr. Zeynel Dinler, Introduction to Economics
Prof. Dr. Gülden Ülgen, Introduction to Economics | | 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) | | Nope |
| | Workload Calculation | |
| Midterm Examination | 1 | 1 | 1 | | Final Examination | 1 | 2 | 2 | | Attending Lectures | 14 | 2 | 28 | | Question-Answer | 14 | 2 | 28 | | Self Study | 14 | 2 | 28 | | Individual Study for Mid term Examination | 2 | 8 | 16 | | Individual Study for Final Examination | 2 | 9 | 18 | | Homework | 14 | 2 | 28 | |
| Contribution of Learning Outcomes to Programme Outcomes | | LO1 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 3 | 3 | 4 | | LO2 | 2 | 3 | 3 | 2 | 2 | 3 | 3 | 3 | 2 | 4 | | LO3 | 4 | 3 | 2 | 2 | 2 | 3 | 4 | 3 | 3 | 4 | | LO4 | 2 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | | LO5 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 3 | 3 | 4 |
| | * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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