Ordu University Lifelong Learning Programme

Description of Individual Course Units

Course Unit Code	Course Unit Title	Type of Course Unit	Year of Study	Semester	Number of ECTS Credits
ZGM1112016959	GENERAL ECONOMICS	Compulsory	1	1	3

Level of Course Unit

First Cycle

Objectives of the Course

To give students an introduction to micro and market economics and to increase their skill level in analyzing various economic approaches.

Name of Lecturer(s)

Learning Outcomes

1	temel iktisadi kavram ve ilkeleri öğrenebilirler.
2	iktisadi konular üzerine yapılan tartışmalara katılabilirler.
3	piyasa mekanizmasının kaynak dağılımındaki rolünü analiz edebilirler.
4	günlük dille anlatılan iktisadi olay ve sorunları iktisadi literatür diliyle açıklayabilirler.
5	gerçek dünyayı daha iyi anlayabilmek için muhakeme uygulayabilirler.
6	understanding of the basics of the economics
7	determining of consumer choices
8	determining of producer choices
9	understanding of market types

Mode of Delivery

Formal Education

Prerequisites and co-requisities

None

Recommended Optional Programme Components

None

Course Contents

Subject of economics, definition of economics, economic systems, main concepts, methods used in economics, circular flow of economic activity, market, demand, supply and price mechanism, consumer's equilibrium and changes in consumer's equilibrium, introduction to macroeconomics

Weekly Detailed Course Contents

Week	Theoretical	Practice	Laboratory
1	Principles of economics, definition of economics,subject of economics,economic systems,main concepts, methods used in economics
2	The economic problem, scarcity and choice, opportunity cost
3	Demand, demand functions, market demand curve, changes in income, changes in a good's price, changes in the price of another good, compensated demand
4	Supply, supply functions, market supply curve
5	Market equilibrium, equilibrium price,effects on price of shifts in the demand curve, effects on price of shifts in the supply curve
6	Elasticity of demand, price elasticity of demand, income elasticity of demand, cross-price elasticity of demand
7	Elasticity of supply
8	Applications of supply, demand and elasticity
9	Mid-term exam
10	Price controls
11	Theories of consumer behavior, utility, the law of diminishing marginal utility, cardinal and ordinal utility, indifference curves, characteristics of indifference curves, marginal rate of substitution, budget line
12	The equilibrium of the consumer, changes in consumer equilibrium, quiz
13	Theory of production, production functions, total product, average product, marginal product, the optimal combination of inputs in the short run
14	Isoquant curves, rate of technical substitution, the economic region of production, returns to scale, input substitution, isoquant line,the optimal combination of inputs in the long run
15	Measuring the national income,money,functions of money, money supply, money demand, international economic relations
16	End-of-term exam

Recommended or Required Reading

Prof.Dr. Kenan Çelik

Planned Learning Activities and Teaching Methods

Assessment Methods and Criteria

Term (or Year) Learning Activities	Quantity	Weight
SUM		0
End Of Term (or Year) Learning Activities	Quantity	Weight
SUM		0
SUM		0

Language of Instruction

Work Placement(s)

None

Workload Calculation

Activities	Number	Time (hours)	Total Work Load (hours)
Midterm Examination	1	1	1
Final Examination	1	1	1
Attending Lectures	14	2	28
Self Study	14	1	14
Individual Study for Mid term Examination	14	2	28
Individual Study for Final Examination	14	2	28
TOTAL WORKLOAD (hours)			100

Contribution of Learning Outcomes to Programme Outcomes

	PO 1	PO 2	PO 3	PO 4	PO 5	PO 6	PO 7	PO 8	PO 9	PO 10	PO 11	PO 12	PO 13	PO 14	PO 15
LO1	1	1	1	4	4	1	4	3	1	4	1	1	4	2
LO2	3	4	1	4	4	1	4	2	1	4	1	2	3	1
LO3	4	4	1	3	4	1	3	2	1	4	2	1	2	1
LO4	5	4	2	4	4	1	4	3	1	4	4	1	1	3
LO5	5	4	2	3	4	1	3	4	4	3	4	3	3	4
LO6
LO7
LO8
LO9

* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High