Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
0701406102FARM ACCOUNTINGElective363
Level of Course Unit
First Cycle
Objectives of the Course
At the end of this course, students will learn the fundamental concepts and theories of economics and will have the information and skills to analyze the economic problems; they will have a general insight on the economical dimention of the problems in the agricultural sector and an economics background to be able to follow the advanced agricultural economics courses.
Name of Lecturer(s)
Yrd. Doç. Dr. Kasım ŞAHİN
Learning Outcomes
1Understand the importance of accounting records in enterprises
2Evaluates the year-end balance sheet and assets of the enterprises.
3Makes financial analysis of businesses
4Holds accounting books to be kept in agricultural holdings.
5Have knowledge about the management of agricultural enterprises.
Mode of Delivery
Daytime Class
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Course Contents
Basic concepts of economics • Fundamental economic problems faced by all societies and economic systems • Market concept and types of markets • Price theory • Consumption theory • Production theory • Costs of production • Market equilibrium under prefect competition • Market equilibrium under monopoly • Basic indicators in macroeconomics
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1Introduction of the scope and the importance of the course, and the recommended text books
2Basic concepts of economics
3Economic problems faced by all societies, production possibilities, opportunity cost, economic systems
4Market concept and types of markets
5Supply and demand, changes in supply and demand
6Market equilibrium and price determination, changes in equilibrium price, market equilibrium and time
7Elasticity of demand and supply
8Midterm exam
9Consumer Preferences, Utility, Consumer Equilibrium and Utility Maximization
10Production function in the short run and the law of diminishing returns
11Production function in the short run and returns to scale
12Isoquants (Equal Product Curves), isocost lines, optimal production point (lowest-cost combination of inputs) at a given level of output
13Cost Function, costs associated with the short run and the long run
14Profit maximization under perfect competition and under monopoly
15Basic concepts of macro economics, national income, gross domestic product (GDP), methods used for calculating the GDP, inflation
16
Recommended or Required Reading
Zeynel Dinler, İktisada Giriş, Ekin Kitapevi, 2009. Zeynel Dinler, Mikro Ekonomi, Ekin Kitapevi, 2009. Erdal M. Ünsal, İktisada Giriş, İmaj Yayıncılık, 2007, ISBN: 975 8752515. İlker Parasız, İktisadın ABC’si, 7. baskı, Ezgi Kitabevi, 2005. N. Gregory Mankiw, Principles of Microeconomics, Thompson South-Western, 4th Edition, .2006, ISBN: 978-0324319163 Michael Parkin, Economics, Global Edition + Myeconlab Xl, Pearson Education, 10/2009. ISBN: 9781408245811.
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination1100
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Examination1100
SUM100
Term (or Year) Learning Activities40
End Of Term (or Year) Learning Activities60
SUM100
Language of Instruction
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination111
Final Examination122
Self Study14570
Individual Study for Mid term Examination155
Individual Study for Final Examination11010
Homework155
TOTAL WORKLOAD (hours)93
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
LO12           
LO2  4         
LO3     5      
LO4       4    
LO5           3
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Iğdır University, Iğdır / TURKEY • Tel (pbx): +90 476 226 13 14 • e-mail: info@igdir.edu.tr