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GENERAL ECONOMY PROGRAMME COURSE DESCRIPTION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
SHE253 GENERAL ECONOMY 3 3 3 5

GENERAL INFORMATION

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

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)

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

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

Gürlük, S. (2019). Fundamentals of Economics. Dora Basım Yayın ve Dağıtım, 1. Baskı, ISBN: 978-605-247-137-1

ASSESSMENT

Assessment & Grading of In-Term Activities Number of Activities Degree of Contribution (%) Description
Level of Contribution
0 1 2 3 4 5

CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES

KNOWLEDGE

Theoretical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Ability to teamwork
1
2
Identify vocational problems and resolve them effectively
2
3
Comprehend, appreciate and comply with cultural and social responsibilities
4
4
Develop an awareness for life long learning
3

KNOWLEDGE

Factual

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Comply with occupational ethics and sense of responsibility
4
2
Utilize the theoretical information they have acquired in applications and practices
4

SKILLS

Cognitive

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Ability to have knowledge about sectoral issues.
4
2
Manage a process effectively to meet the demands.
4
3
Within the framework of regulations and procedures for implementation and to find solutions for problems.
4

SKILLS

Practical

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.
4
2
Encountered in practice or as a team member to take responsibility for unforeseen problems
4

OCCUPATIONAL

Autonomy & Responsibility

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Change and innovation are welcome.
0

OCCUPATIONAL

Learning to Learn

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Critically evaluates the acquired knowledge and skills.
3

OCCUPATIONAL

Communication & Social

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.
3
2
Developments, will be able to follow trends and forecasts. Follow the latest developments related to the field and profession.
3

OCCUPATIONAL

Occupational and/or Vocational

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.
3
2
To analyze information about the area and has the skills to interpret and evaluate.
3

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 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