|
|
| VBNK1003 | Economics | 4+0+0 | ECTS:6 | | Year / Semester | Fall Semester | | Level of Course | Short Cycle | | Status | Compulsory | | Department | | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face | | Contact Hours | 14 weeks - 4 hours of lectures per week | | Lecturer | -- | | Co-Lecturer | Lecturer Çiğdem KARIŞ | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | Understanding conditions relating to equilibriums of economic units individually and economy as a whole, comprehending working mechanism of economy, explaining reasons and results of international relations of trade, and investigating dynamics relating to growth process of economy. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | explain how price of any good or service is determined and why this price changes. | 1,3,8,9 | 1 | | LO - 2 : | prove necessary conditions for consumer's and producer's optimums and describe what these conditions mean. | 1,3,8,9 | 1 | | LO - 3 : | explain differences between perfect competition and imperfect competition markets. | 1,3,8,9 | 1 | | LO - 4 : | describe general equilibrium of economy and factors affecting this equilibrium. | 1,3,8,9 | 1 | | LO - 5 : | talk about economic policies. | 1,3,8,9 | 1 | | LO - 6 : | explain reasons and results of foreign trade. | 1,3,8,9 | 1 | | LO - 7 : | argue basic dynamics relating to growth process. | 1,3,8,9 | 1 | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome | | |
| Basic Concepts on Microeconomics: Need, good and service, consumption, production, factors for production and economic units. Theory of Price: Supply and demand. Theory of Consumer: Indifference curves, budget line, marginal rate of substitution, consumer's optimum and changes in consumer's optimum. Theory of Producer: Iso-quant curves, iso-cost line, marginal technical rate of substitution, producer's optimum and changes in producer's optimum. Firm's optimum in perfect competition and imperfect competition markets. Basic Concepts on Macroeconomics: Gross national product, gross domestic product, national income, disposable income, population, active population, labor, employment, unemployment, inflation, deflation, disinflation, reflation and Phillips curve. Analysis of Aggregate Demand-Aggregate Supply: General equilibrium of economy and economic policies. Money and Banking: Supply for money, demand for money, central banking, banking system and monetary policy. International economics: Theories of foreign trade, exchange rate and balance of payments. Economic Growth and Development. |
| |
| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Basic Concepts on Microeconomics: Need, good and service, consumption, production, factors for production, economic units. | | | Week 2 | Theory of Price: Supply, supply function, supply curve, demand, demand function, demand curve and dynamics determining price of a good or service. | | | Week 3 | Theory of Consumer: Indifference curves, budget line, consumer's optimum, marginal rate of substitution, factors lead to change in consumer's optimum. | | | Week 4 | Theory of Producer: Iso-quant curve, iso-cost line, producer's optimum, marginal technical rate of substitution and factors lead to change in producer's optimum. | | | Week 5 | Perfect Competition Market (1): Assumptions and firm's optimum in short run. | | | Week 6 | Perfect Competition Market (2): Firm's optimum in long run. Industrial equilibrium. | | | Week 7 | Imperfect competition market: Reasons of imperfect competition and kinds of imperfect competition markets. | | | Week 8 | National Income Accounting: Gross national product, gross domestic product, national income, disposable income. | | | Week 9 | Mid-term exam. | | | Week 10 | Basic Concepts on Employment and General Price Level: Population, active population, labor, employment and unemployment; Consumer price index, producer price index, inflation, deflation, disinflation, reflation and Phillips curves. | | | Week 11 | Aggregate Expenditures: Theories of consumption, investment expenditures, government expenditure, export and import. | | | Week 12 | Analysis of Aggregate Demand-Aggregate Supply (1): General equilibrium of economy and economic policies. | | | Week 13 | Analysis of Aggregate Demand-Aggregate Supply (2): General equilibrium of economy and economic policies. | | | Week 14 | Money and Banking: Supply for money, demand for money, central banking, banking system and monetary policy. | | | Week 15 | International Economics, Economic Growth and Development: Theories of foreign trade, exchange rate and balance of payments; Concepts of growth and development, theories of growth | | | Week 16 | End-of-term exam | | | |
| 1 | Berber, M. Bocutoğlu, E. . 2016; Genel İktisada Giriş, Ekin Yayınevi, Trabzon. | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 14/11/2016 | 0,30 | 50 | | End-of-term exam | 16 | 02/01/2017 | 0,40 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 4 | 14 | 56 | | Sınıf dışı çalışma | 1 | 12 | 12 | | Laboratuar çalışması | 0 | 0 | 0 | | Arasınav için hazırlık | 4 | 8 | 32 | | Arasınav | 1 | 1 | 1 | | Uygulama | 0 | 0 | 0 | | Klinik Uygulama | 0 | 0 | 0 | | Ödev | 0 | 0 | 0 | | Proje | 0 | 0 | 0 | | Kısa sınav | 0 | 0 | 0 | | Dönem sonu sınavı için hazırlık | 5 | 14 | 70 | | Dönem sonu sınavı | 1 | 1 | 1 | | Diğer 1 | 0 | 0 | 0 | | Diğer 2 | 0 | 0 | 0 | | Total work load | | | 172 |
|