Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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SHE253 | GENERAL ECONOMY | 3 | 3 | 3 | 5 |
GENERAL INFORMATION |
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Language of Instruction : | English |
Level of the Course Unit : | ASSOCIATE DEGREE, TYY: + 5.Level, EQF-LLL: 5.Level, QF-EHEA: Short Cycle |
Type of the Course : | Elective |
Mode of Delivery of the Course Unit | - |
Coordinator of the Course Unit | Lecturer TAHİR GÜRDİL |
Instructor(s) of the Course Unit | |
Course Prerequisite | No |
OBJECTIVES AND CONTENTS |
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Objectives of the Course Unit: | The objective of this course to enable students to interpret the decision mechanisms of consumers, producers and the state by using the basic principles of economics. |
Contents of the Course Unit: | Contents of the Course include; the basic concepts of economics such as need, demand, utility, value, price, scarcity, rationality and opportunity cost, law of supply and demand, market equilibrium, elasticities, price controls of governments and their effects on market equilibrium, consumer behavior within the framework of cardinal and ordinal approaches, theory of production, production costs, the functioning of different markets, factor markets and income distribution. |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
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Describe the basic concepts of economics. |
Explain the changes in market equilibrium using concepts such as supply-demand law, flexibility and price control. |
Interpret consumer behavior by using the concepts of total utility, marginal utility and budget constraint. |
Interpret producer behavior by using the concepts of total cost, marginal cost and budget constraint. |
Interpret the equilibrium formation at different markets by using production costs. |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
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Week | Preparatory | Topics(Subjects) | Method |
1 | Reading | Basic Concepts of Economy | Lecture, Question Answer, Problem Solving Method |
2 | Reading | Total Utility and Marginal Utility | Lecture, Question Answer, Problem Solving Method |
3 | Reading | Indifference Curves | Lecture, Question Answer, Problem Solving Method |
4 | Reading | Demand Function - Factors Affecting Demand, Supply Function - Factors Affecting Supply | Lecture, Question Answer, Problem Solving Method |
5 | Reading | Market Balance and Results, Consumer and Producer Surplus | Lecture, Question Answer, Problem Solving Method |
6 | Reading | Price Elasticity of Demand | Lecture, Question Answer, Problem Solving Method |
7 | Reading | Elasticity and Slope | Lecture, Question Answer, Problem Solving Method |
8 | - | MID-TERM EXAM | - |
9 | Reading | Types of Elasticity | Lecture, Question Answer, Problem Solving Method |
10 | Reading | Arc Elastiticy, Income Elasticity of Demand | Lecture, Question Answer, Problem Solving Method |
11 | Reading | Supply Price Elasticity and Factors Affecting Supply Price Elasticity | Lecture, Question Answer, Problem Solving Method |
12 | Reading | Production and Costs | Lecture, Question Answer, Problem Solving Method |
13 | Reading | National Income | Lecture, Question Answer, Problem Solving Method |
14 | Reading | Economic Growth | Lecture, Question Answer, Problem Solving Method |
15 | Reading | Inflation and Unemployment | Lecture, Question Answer, Problem Solving Method |
16 | - | FINAL EXAM | - |
17 | - | FINAL EXAM | - |
SOURCE MATERIALS & RECOMMENDED READING |
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Gürlük, S. (2019). Fundamentals of Economics. Dora Basım Yayın ve Dağıtım, 1. Baskı, ISBN: 978-605-247-137-1 |
ASSESSMENT |
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Assessment & Grading of In-Term Activities | Number of Activities | Degree of Contribution (%) | Description |
Level of Contribution | |||||
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0 | 1 | 2 | 3 | 4 | 5 |
KNOWLEDGE |
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Theoretical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Ability to teamwork
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1 | |||||
2 |
Identify vocational problems and resolve them effectively
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2 | |||||
3 |
Comprehend, appreciate and comply with cultural and social responsibilities
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4 | |||||
4 |
Develop an awareness for life long learning
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3 |
KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Comply with occupational ethics and sense of responsibility
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4 | |||||
2 |
Utilize the theoretical information they have acquired in applications and practices
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4 |
SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Ability to have knowledge about sectoral issues.
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4 | |||||
2 |
Manage a process effectively to meet the demands.
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4 | |||||
3 |
Within the framework of regulations and procedures for implementation and to find solutions for problems.
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4 |
SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Civil aviation field statistical research skills and the ability to think about, has the ability to foresee the consequences of strategic decisions and develop skills.
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4 | |||||
2 |
Encountered in practice or as a team member to take responsibility for unforeseen problems
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4 |
OCCUPATIONAL |
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Autonomy & Responsibility |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Change and innovation are welcome.
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0 |
OCCUPATIONAL |
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Learning to Learn |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Critically evaluates the acquired knowledge and skills.
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3 |
OCCUPATIONAL |
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Communication & Social |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Basic and is dominated by professional English, has the necessary qualifications to use the operating system in an active way for the profession.
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3 | |||||
2 |
Developments, will be able to follow trends and forecasts. Follow the latest developments related to the field and profession.
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3 |
OCCUPATIONAL |
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Occupational and/or Vocational |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
It has the ability to reflect on the ethical and professional responsibilities.
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3 | |||||
2 |
To analyze information about the area and has the skills to interpret and evaluate.
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3 |
WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
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Workload for Learning & Teaching Activities |
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Type of the Learning Activites | Learning Activities (# of week) | Duration (hours, h) | Workload (h) |
Lecture & In-Class Activities | 14 | 3 | 42 |
Preliminary & Further Study | 14 | 1 | 14 |
Land Surveying | 0 | 0 | 0 |
Group Work | 0 | 0 | 0 |
Laboratory | 0 | 0 | 0 |
Reading | 0 | 0 | 0 |
Assignment (Homework) | 0 | 0 | 0 |
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 | 14 | 1 | 14 |
Preparation for the Final Exam | 14 | 1 | 14 |
Mid-Term Exam | 14 | 1 | 14 |
Preparation for the Mid-Term Exam | 14 | 1 | 14 |
Short Exam | 14 | 1 | 14 |
Preparation for the Short Exam | 14 | 1 | 14 |
TOTAL | 112 | 0 | 140 |
Total Workload of the Course Unit | 140 | ||
Workload (h) / 25.5 | 5,5 | ||
ECTS Credits allocated for the Course Unit | 5,0 |