Lesson plan / INTRODUCTION TO ECONOMICS

Lesson Information

Course Credit 3.0
Course ECTS Credit 4.0
Teaching Language of Instruction Türkçe
Level of Course Bachelor's Degree, TYYÇ: Level 6, EQF-LLL: Level 6, QF-EHEA: First Cycle
Type of Course Compulsory
Mode of Delivery Face-to-face
Does the course require compulsory or optional work experience? Z
Course Coordinator
Instructor (s) Assoc. Prof. (Ph.D.) MERAL FIRAT
Course Assistant

Purpose and Content

The aim of the course To explain the logic of the basic principles of economics and economic thought. To explain the basic rules for the interpertation and examination of economic events. To examine the price mechanism and its formation. To examine the enterprise and its varieties together with the production, costs, and the factos of production. To analyze some of the current developments along with monetary and banking issues. To provide information on the issues of international economics, multinational corporations, foreign capital, the national income, and the stock market and its applications in Turkey.
Course Content Definition of economics and its relationship with other sciences. Economic systems, issues of population and economic growth, the functioning of the price mechanism. Outline of the laws of supply and demand and units of economic decision. Production, production costs and factors of production, nature, labor, capital, enterprice and its types, problems in laboring and unemployment.

Weekly Course Subjects

1Definition of economics, factors of production, market-price; the function of demand, law of demand, factors affecting the long-term demand, elasticity of demand, change of demand and its shifting.
2The function of supply, the law of supply, factors affecting the supply, consumer preferences.
3The budget line, the consumer balance, shifting of the budget line.
4Curves of apathy and its features, the curves and the features of the same product.
5Production costs, the differences between short and long production costs.
6Formation of prices.
7The monopoly market.
8Monopolistically competitive market.
9Imperfectly competitive market.
10Monopoly market competition.
11State intervention in agricultural prices and examples from Turkey.
12Characteristical overall balance in non-monetary and monetary economy.
13Economic Prosperity: Optimal Commodity Market Distribution (Optimum Distribution of goods among consumers); Optimum Distribution in Factor Market (Optimum Distribution of Factors of Production among Goods.)
14Pareto-optimal, the limits of pareto-optimal.

Resources

1-Kurban Ünlüönen , Ahmet Tayfun; Ekonomiye Giriş, Nobel Yayın Dağıtım

2- Tümay Ertek, Temel Ekonomi,BETA Basım