Iğdır 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
190500201103	GENERAL ECONOMY	Compulsory	1	1	3

Level of Course Unit

First Cycle

Objectives of the Course

This course introduces basic tools and concepts of economic theory. The objective of this course is to develop the ability in students to understand and use the fundamental tools of microeconomic theory. Using these tools, they can analyze and explain market phenomena. We will study how markets solve the allocation problem, demand and consumer behavior, supply and firm behavior, costs of production and different market types.

Name of Lecturer(s)

Öğr. Gör. Mehmet POLAT

Learning Outcomes

1	Understanding the basic economic information
2	Understanding the basic economic information
3	To gain ability of economic thinking
4	To gain ability of economic thinking
5	To understand the current economic structure
6	To understand the current economic structure

Mode of Delivery

Daytime Class

Prerequisites and co-requisities

NONE

Recommended Optional Programme Components

NONE

Course Contents

Economic Sciences and Basic Concepts, examining the relationship between the Economic Sciences and other sciences, identifying the concepts consistently used by everyone in daily life, Micro Economics, small decision units existing in the Business, Macro Economics, national income and national income calculation methods, monetary and properties of the currency, monetary types, functions of monetary and its role in the economy

Weekly Detailed Course Contents

Week	Theoretical	Practice	Laboratory
1	Basic economic concepts, famine problem and solve
2	Market balance (supply, demand and prize, interference of balance)
3	Demand and supply flexible,utility
4	Consumer balance
5	Production theory
6	Production costs
7	Markets (exact of competition and lack of competition markets, factor market)
8	National income analysis (NI account, basic consepts, balance analysis)
9	Midterm exam
10	Evaluation of midterm exam
11	Consumption spendings, economy and investment spendings
12	Money, definition, function, system and kinds
13	Inflation, unemployment, payments balance, rate of excahange
14	Economic stability and growth

Recommended or Required Reading

İktisada Giriş; Zeynel Dinler, Mikro Ekonomiye Giriş; Tümay Ertek

Planned Learning Activities and Teaching Methods

Assessment Methods and Criteria

Term (or Year) Learning Activities	Quantity	Weight
Midterm Examination	1	85
Attending Lectures	1	5
Self Study	1	5
Individual Study for Mid term Examination	1	5
SUM		100
End Of Term (or Year) Learning Activities	Quantity	Weight
Final Examination	1	95
Individual Study for Final Examination	1	5
SUM		100
Term (or Year) Learning Activities		40
End Of Term (or Year) Learning Activities		60
SUM		100

Language of Instruction

Turkish

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	2	28
Individual Study for Mid term Examination	1	12	12
Individual Study for Final Examination	1	12	12
TOTAL WORKLOAD (hours)			82

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	PO 16	PO 17	PO 18	PO 19	PO 20	PO 21	PO 22	PO 23	PO 24	PO 25
LO1	5	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1
LO2	5	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1
LO3	5	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1
LO4
LO5
LO6

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