GENERAL ECONOMICS PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
GEK101	GENERAL ECONOMICS	2	3	3	5

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	ASSOCIATE DEGREE, TYY: + 5.Level, EQF-LLL: 5.Level, QF-EHEA: Short Cycle
Type of the Course :	Compulsory
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Lecturer ATİLLA AKALIN
Instructor(s) of the Course Unit
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	The aim of this course is to provide students with the basic concepts and methods of economics; to explain demand, supply, elasticity, consumer and producer behaviour and the functioning of market structures at the microeconomic level, and national income, inflation, unemployment, the saving-investment relationship, the monetary system and international economic relations at the macroeconomic level.
Contents of the Course Unit:	The course covers the basic concepts of economics and economic systems, demand and supply analysis, market equilibrium, elasticity, market failures and government intervention in markets, consumer behaviour theory, production and cost theory, market structures, together with national income, inflation, saving and investment, the time value of money and risk, unemployment, the monetary system and the open economy.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Defines the basic concepts of economics, economic systems and the types of economic analysis.
Explains the formation of market equilibrium through demand and supply analysis and the concept of elasticity.
Explains market failures and the instruments of government intervention in markets.
Explains consumer and producer equilibrium within the framework of utility, production and cost concepts.
Compares firm behaviour and equilibrium conditions under different market structures.
Explains national income, inflation and unemployment indicators and the methods used to measure them.
Explains the saving-investment relationship, the time value of money, the monetary system and open economy flows.

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	-

SOURCE MATERIALS & RECOMMENDED READING
Osman Z. ORHAN ve Seyfettin ERDOĞAN, İktisada Giriş,İstanbul: Palme Yayıncılık, 2010.
Zeynel DİNLER, İktisada Giriş, Bursa: Ekin Yayınları, 2011.
Erdan ÜNSAL, İktisada Giriş, Ankara: İmaj Yayıncılık, 2010.

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method
Mid-Term Exam	1	50		Classical Exam
Final Exam	1	50		Classical Exam
TOTAL	2	100

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Communication Science explains the basic concepts of public relations and associate them with the theoretical foundation of Communication Sciences.	0

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Sosyloj and statistical issues related to their branches as they have in the theoretical and practical information solutions for public relations use.		1

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyzes the social requirements and in accordance with the requirements of applications under realistic models of communication design.		1
2	A specific conceptual model using the methods of modern public relations knows.	0

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Existing applications in the field of Public Relations analyze, evaluate and develop applications for their development.		1
2	PR issues involved in the field selects the appropriate research methods and techniques, apply.		1
3	PR modern techniques and tools necessary for the application selects and uses effective.	0

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Research design and methods, surveys, collecting data, analyzing the results, evaluation of consciousness and responsibility to have.		1
2	May carry out work effectively as an individual.		1
3	Ability to work effectively within a team and take responsibility shows.		1

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Conscious of the necessity of lifelong learning, science and technology developments can be followed through the mass media and can renew themselves.		1
2	Project management, workplace practices, employee health, environmental and safety issues is conscious.		1
3	Social Responsibility solutions and applications are aware of the universal and social effects and is aware of the importance of this issue.		1

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Oral or written, express a problem and can communicate effectively and have at least one foreign language.		1

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Contact management, supervision, development and safety / reliability knowledgeable about and be able to apply this information in the study.	0
2	With professional and ethical responsibility of spreading awareness in the society has this responsibility.		1

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	14	3	42
Preliminary & Further Study	13	2	26
Land Surveying	0	0	0
Group Work	1	10	10
Laboratory	0	0	0
Reading	13	2	26
Assignment (Homework)	1	5	5
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	0	0	0
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	1	1	1
Preparation for the Final Exam	4	2	8
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	4	1	4
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	52	0	123