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Year / SemesterFall Semester
Level of CourseFirst Cycle
Status Compulsory
Prerequisites and co-requisitesNone
Mode of Delivery
Contact Hours14 weeks - 3 hours of lectures per week
LecturerProf. Dr. Kenan ÇELİK
Language of instructionTurkish
Professional practise ( internship ) None
The aim of the course:
The main aim of this course is to give students an introduction to microeconomics macroeconomics and market economics and to increase that their skill level in analyzing various economic approaches.
Learning OutcomesCTPOTOA
Upon successful completion of the course, the students will be able to :
LO - 1 : learn fundamental economics concepts and principles.1,31,4
LO - 2 : participate in debates on economics matters.1,31,5
LO - 3 : translate economic events and issues which are described in daily language to the language of economic literature.1,31,5
LO - 4 : understand and evaluate the assumption and body of macroeconomic theory.1,3
LO - 5 : analyze current economics events and macroeconomic issues.1,3
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

Contents of the Course
Subject of economics, definition of economics, main concepts, market, demand, supply and price mechanism, marginal utility, elasticity, national accounting system, real and nominal GDP, economic growth, inflation and unemployment, exchange rates, money supply and money demand.
Course Syllabus
 WeekSubjectRelated Notes / Files
 Week 1The scope and method of economics
 Week 2Scarcity, Choice and production possibilities frontier
 Week 3Demand curve, market demand and individual demand, shifts in the demand curve
 Week 4Supply curve, market supply and individual supply, shifts in the supply curve
 Week 5Market equilibrium
 Week 6Elasticity of supply and elasticity of demand
 Week 7General Overview on the markets and government intervention in market equilibrium
 Week 8Measuring national income and national output
 Week 9Mid-term exam
 Week 10Economic growth and unemployment
 Week 11Inflation
 Week 12Money supply and money demand
 Week 13Foreign trade, balance of payments and the foreign exchange market
 Week 14The general review of Turkish economy
 Week 15The general review of Turkish economy
 Week 16End-of-term exam
Textbook / Material
1ÇELİK, K. 2016; Genel Ekonomi, Celepler Yayınevi, Trabzon. (https://kenancelik.net/kitaplarim/)
Recommended Reading
1ÇELİK, K., 2015; Mikro İktisada Giriş, Celepler Yayınevi, Trabzon.(https://kenancelik.net/kitaplarim/)
2ÇELİK, K., 2015; Makro İktisada Giriş, Celepler Yayınevi, Trabzon.(https://kenancelik.net/kitaplarim/)
Method of Assessment
Type of assessmentWeek NoDate

Duration (hours)Weight (%)
Mid-term exam 9 28/11/2023 1 50
End-of-term exam 16 15/01/2024 1 50
Student Work Load and its Distribution
Type of workDuration (hours pw)

No of weeks / Number of activity

Hours in total per term
Yüz yüze eğitim 3 14 42
Sınıf dışı çalışma 8 14 112
Arasınav için hazırlık 10 1 10
Arasınav 1 1 1
Dönem sonu sınavı için hazırlık 14 1 14
Dönem sonu sınavı 1 1 1
Total work load180