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
0701106104	MEDICINAL AND AROMATIC PLANTS	Elective	3	6	3

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

1	History and learn about the importance of medicinal plants
2	Learns plant metabolites, Spices, classification, and the trade
3	learn the drug collection, drying and packaging operations, traditional forms of drug preparation
4	Learns the perfumery and cosmetology, aromatherapy issues.
5	Learns the cultivation of medicinal and aromatic plants topics

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

Week	Theoretical	Practice	Laboratory
1	Introduction of the scope and the importance of the course, and the recommended text books
2	Basic concepts of economics
3	Economic problems faced by all societies, production possibilities, opportunity cost, economic systems
4	Market concept and types of markets
5	Supply and demand, changes in supply and demand
6	Market equilibrium and price determination, changes in equilibrium price, market equilibrium and time
7	Elasticity of demand and supply
8	Midterm exam
9	Consumer Preferences, Utility, Consumer Equilibrium and Utility Maximization
10	Production function in the short run and the law of diminishing returns
11	Production function in the short run and returns to scale
12	Isoquants (Equal Product Curves), isocost lines, optimal production point (lowest-cost combination of inputs) at a given level of output
13	Cost Function, costs associated with the short run and the long run
14	Profit maximization under perfect competition and under monopoly
15	Basic 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 Activities	Quantity	Weight
Midterm Examination	1	100
SUM		100
End Of Term (or Year) Learning Activities	Quantity	Weight
Final Examination	1	100
SUM		100
Term (or Year) Learning Activities		40
End Of Term (or Year) Learning Activities		60
SUM		100

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	2	2
Self Study	14	6	84
Individual Study for Mid term Examination	1	10	10
Individual Study for Final Examination	1	10	10
Homework	1	10	10
TOTAL WORKLOAD (hours)			117

Contribution of Learning Outcomes to Programme Outcomes

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