Lesson plan / ECONOMY

Lesson Information

Course Credit 3.0
Course ECTS Credit 3.0
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 Research Assist. ÖMER AVCI
Instructor (s)
Course Assistant

Purpose and Content

The aim of the course Analysis of microeconomics and macroeconomics in basic level. In respect of microeconomics economic situations, effectiveness of economics, decision process of single consumer and single firms and how they affect each other’s decisions on the market are explored. In respect of macroeconomics economic growth and fluctuations, unemployment, inflation and determiners of economic growth are explored.
Course Content Introduction to history of economics. Economics, basic concepts about economics and economic analysis. Production possibilities curve, specialization and economic systems. Perfect competition market: supply demand and market equilibrium. Government actions. Effectiveness in perfect competition Market failure. Macroeconomics: economic growth and fluctuations. Economic measures: Product, Unemployment, Inflation, interest rate and payment balance. Planned expenditure. Monetary system

Weekly Course Subjects

1Meeting with students, informing them about the course, learning the expectations of the students from the course and orientation.
2Definition and Scope of Economy
3Basic Problems of Economy, Resource Scarcity Problem And Solution, Types of Goods and Services, Consumer Types, Resource Allocation Efficiency in Production in the event of distribution.
4Scarcity Problem Solution Efficiency of the Different Economic Systems, Free Market Economy System, Socialist System, Hybrid System
5Alternative cost, production possibilities curve, the marginal rate of transformation, complete and incomplete Specialization.
6Price Theory, Demand Function, demand schedule, demand curve, the Required Amount of Change, Change of Demand, Law of Demand,
7Normal goods, Cheap goods, Giffen goods. Supply Function, Supply Act, Supply Curve, Change of the quantity supplied, the supply of the change.
8Midterm
9Partial Equilibrium Analysis, Static Analysis, Comparative Static Analysis, Dynamic Analysis, Equilibrium Price Level, Market Equilibrium.
10State of the Market Equilibrium Response, Direct Response, Indirect Intervention,
11Consumer Surplus, Producer Surplus, the Slope And Flexibility, Elasticity of Demand, Supply Elasticity, Cross Elasticity, Elasticity and Total Expenditure,
12Consumer Theory, Optimal Consumption and Consumer Equilibrium Level, Cardinal Utility Approach, Ordinal Utility Approach, Diminishing Marginal Utility, Law of Gossen,
13Value Paradox, Indifference Curves, marginal rate of substitution, Budget Line
14Production Theory, Production Process, Production Function, Technology, Law of Diminishing Returns Short Term And Long Term and economies of scale, isoquant curves, the company and return to Scale Expansion Path

Resources

1-Microeconomics in Context, Second Edition, Neva Goodwin, Julie A. Nelson, Jonathan Harris. M.E. Sharpe, London England, 2009.
2- Erdal M. Ünsal (2007). İktisada Giriş. İmay Yayıncılık. Ankara
3-Cahit Talas (1999). Ekonomik Sistemler. İmge Kitabevi. 5. Baskı. Ankara.
4- Sadun Aren (2007). Ekonomi Dersleri. İmge Kitabevi. 2.Baskı. Ankara