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
9900001025	ECONOMICS	Compulsory	1	2	4

Level of Course Unit

First Cycle

Objectives of the Course

To have the students acquire the skills to enable them to make use of the basic knowledge on economic theory provided in the course when decission making on economic issues, improve themselves independently based on the knowlege and skills they acquired and able to communicate with the others on professional issues.

Name of Lecturer(s)

Learning Outcomes

1	Ekonomi biliminin temel kavramlarını ve ekonomik problemleri tanımlayabilir.
2	Tüketici davranışlarıyla talep kavramı arasındaki ilişkileri kurarak bunları grafiksel modellerle izah edebilir.
3
4	Tüketici ve üreticileri buluşturan piyasa tiplerini karşılaştırabilir ve bu piyasaların özelliklerini sıralayabilir.
5	Temel makroekonomik kavramları tanımlayabilir ve bunlar arasındaki ilişkileri basit grafiksel modellerle açıklayabilir.
6	They can identify macroeconomics policies and discuss up-to-date economic issues by relating them with the knowledge of economics.
7	they can educate and improve themselves independently according to the needs based on the knowledge and the skills acquired in the course.

Mode of Delivery

Daytime Class

Prerequisites and co-requisities

None

Recommended Optional Programme Components

None

Course Contents

1- Economic concepts: definition of economics, basic problems in economics, basic ideas in economics, economic models and economists 2-Ekonomic problem: resources and needs, production possibility fronties, efficient use of resources, economic growth, the market economy 3-Supply, demand, and elasticities: price and opportunity cost, demand, supply and market equilibrium, changes in prices and quantities, elasticity and its importance, demand and supply elasticities 4-Firms and Production: economic profit, technical and economic efficiency, knowledge and organization, types of firms, markets and competitiveness, firms and markets 5-Production costs: Time periods in decission making, restrictions in short term technologies, short term costs, long term costs, economies and disecomonmies of scale 6-Utility, preferences, possibilities and consumption: Householld consumption preferences, concepts related to utility, maximizing utility, preferences and indifference curves, the impacts of changes in price and income, efficiency, price and value, demand curve 7-Perfect competition: Competition, firm decission in perfect competition, production, price and amd profit in perfect competition, changes in preferences and technology, Competition and sfficiency 8-Non-perfect competition: Market power, production and pricing in monopoly, strategies of monopoly, monopolistic competition, price and production in monopolistic compotition, product development and marketing, Oligopoly, Game theory, other oligopolistic games 9-Resource markets: resource prices and incomes, labor markets, capital markets, land and and exhaustible natural resource markets, income, economic rant and opportunity costs 10-Market, government and global markets: Households and firms in markets, role of government in economy, global economy, globalization and its impacts, European Union 11-Macroeconomic concepts: What is macroeconomy? production level in economy, unemployment, enflation, clasical and Keynes economics 12-National Istatistics: Gross national product, determinin national accounts, employment statistics, changes in production and the prices 13-Financial tools: Investment, niminal and real interest rates, investment expenditures and interest rates, financial tools and investment, financial tools in economic crises. 14-Monetary policies: Money and its features, types of money in market, the role of banks, money creating process, the role of central bank

Weekly Detailed Course Contents

Week	Theoretical	Practice	Laboratory
1	Economic concepts: definition of economics, basic problems in economics, basic ideas in economics, economic models and economists
2	Ekonomic problem: resources and needs, production possibility fronties, efficient use of resources, economic growth, the market economy
3	Supply, demand, and elasticities: price and opportunity cost, demand, supply and market equilibrium, changes in prices and quantities, elasticity and its importance, demand and supply elasticities
4	Firms and Production: economic profit, technical and economic efficiency, knowledge and organization, types of firms, markets and competitiveness, firms and markets
5	Production costs: Time periods in decission making, restrictions in short term technologies, short term costs, long term costs, economies and disecomonmies of scale
6	Utility, preferences, possibilities and consumption: Householld consumption preferences, concepts related to utility, maximizing utility, preferences and indifference curves, the impacts of changes in price and income, efficiency, price and value, demand curve
7	Perfect competition: Competition, firm decission in perfect competition, production, price and amd profit in perfect competition, changes in preferences and technology, Competition and sfficiency
8	Midterm Examination
9	Non-perfect competition: Market power, production and pricing in monopoly, strategies of monopoly, monopolistic competition, price and production in monopolistic compotition, product development and marketing, Oligopoly, Game theory, other oligopolistic games
10	Resource markets: resource prices and incomes, labor markets, capital markets, land and and exhaustible natural resource markets, income, economic rant and opportunity costs
11	Market, government and global markets: Households and firms in markets, role of government in economy, global economy, globalization and its impacts, European Union
12	Macroeconomic concepts: What is macroeconomy? production level in economy, unemployment, enflation, clasical and Keynes economics
13	National Istatistics: Gross national product, determinin national accounts, employment statistics, changes in production and the prices
14	Financial tools: Investment, niminal and real interest rates, investment expenditures and interest rates, financial tools and investment, financial tools in economic crises.
15	Monetary policies: Money and its features, types of money in market, the role of banks, money creating process, the role of central bank
16	Final Examination