TR EN

ISTANBUL GELİŞİM UNIVERSITY INFORMATION SYSTEM

GENERAL ECONOMICS COURSE IDENTIFICATION AND APPLICATION INFORMATION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
UTI101 GENERAL ECONOMICS 2 3 3 6

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week Preparatory Topics(Subjects) Method
1 Relevant sections of the sources The Nature of Economics: Basic Economic Problems, Scarcity, Choice and Opportunity Cost, Factors of Production Distance learning, lecture, question and answer
2 Relevant sections of the sources Economic Systems, the Concept of the Market, Demand and Supply Analysis, Market Equilibrium Distance learning, lecture, question and answer
3 Relevant sections of the sources Elasticity: Price, Income and Cross-Price Elasticity of Demand, Elasticity of Supply Distance learning, lecture, question and answer
4 Relevant sections of the sources Markets and the State: Market Failures, Public Goods, Externalities, Price Floors and Price Ceilings Distance learning, lecture, question and answer
5 Relevant sections of the sources Consumer Behaviour Theory: Utility Approaches, Indifference Curves, the Budget Line and Consumer Equilibrium Distance learning, lecture, question and answer
6 Relevant sections of the sources Producer Equilibrium and Production Costs: Production Periods, the Law of Diminishing Returns, Types of Cost, Economies of Scale Distance learning, lecture, question and answer
7 - MID-TERM EXAM -
8 Relevant sections of the sources Market Structures: Firm Equilibrium under Perfect Competition, Monopoly and Monopolistic Competition Distance learning, lecture, question and answer
9 Relevant sections of the sources National Income: GDP, Value Added, Methods of Calculation, Nominal and Real GDP Distance learning, lecture, question and answer
10 Relevant sections of the sources Inflation: Types of Inflation, Price Indices (CPI, PPI, GDP Deflator), Nominal and Real Interest Rates Distance learning, lecture, question and answer
11 Relevant sections of the sources Saving, Investment and Financial Institutions: The Market for Loanable Funds, Budget Deficits and the Crowding-Out Effect Distance learning, lecture, question and answer
12 Relevant sections of the sources The Time Value of Money and Risk: Present Value, Compound Interest, Risk Aversion, Diversification and Asset Valuation Distance learning, lecture, question and answer
13 Relevant sections of the sources Unemployment: Labour Force Statistics, Calculating the Unemployment Rate and the Natural Rate of Unemployment Distance learning, lecture, question and answer
14 Relevant sections of the sources The Monetary System: Functions of Money, Money Supply, the Central Bank, Bank Reserves and the Money Multiplier Distance learning, lecture, question and answer
15 Relevant sections of the sources The Open Economy: Net Exports, the Trade Balance, Capital Flows and the Saving-Investment Relationship Distance learning, lecture, question and answer
16 - FINAL EXAM -
17 - FINAL EXAM -