| Course Type | Elective Course |
|---|
| Course Level | Associate Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Explain the real life applications of economics by using the theoretical framework thought in the classes.
- Read and discuss graphs.
- Know how prices and market equilibrium are determined.
- Use supply and demand analysis.
- Know how consumer equilibrium is reached.
- Know the relationship between costs and production.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | |
|---|
| Course Description | This course will cover the basic concepts of economics, its purpose, price mechanism, opportunity cost, demand, supply, market price, demand and supply elasticities, consumer behavior, benefit and demand, indifference curve, market and competition, cost, and production at the lowest cost are covered in this course. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction to economics |
|
2nd Week |
Opportunity cost and PPF |
|
3rd Week |
Demand and supply I |
|
4th Week |
Demand and supply II |
|
5th Week |
Demand supply III |
|
6th Week |
Elasticities |
|
7th Week |
Price control of government |
|
8th Week |
Midterm exam |
|
9th Week |
Utility and demand |
|
10th Week |
İndifference curves and consumer behavior |
|
11th Week |
Types of markets and competition |
|
12th Week |
Short run costs and production |
|
13th Week |
Long run costs and production |
|
14th Week |
Perfect competition |
|
15th Week |
Money and banking system |
|
| Recommended or Required Reading | |
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Discussion
- Questions/Answers
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
40 |
| Total(%) |
|
40 |
| Contribution of In-term Studies to Overall Grade(%) |
|
40 |
| Contribution of Final Examination to Overall Grade(%) |
|
60 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
2 |
1 |
2 |
| Preparation for Quiz |
1 |
15 |
15 |
| Individual or group work |
1 |
30 |
30 |
| Preparation for Final exam |
1 |
40 |
40 |
| Course hours |
15 |
3 |
45 |
| Preparation for Midterm exam |
1 |
20 |
20 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
1 |
1 |
| Homework |
|
|
|
| Total Work Load | 153 |
| Total Work Load / 30 (h) | 5.1 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
