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| OREN2006 | Economics | 2+0+0 | ECTS:3 | | Year / Semester | Spring Semester | | Level of Course | First Cycle | | Status | Compulsory | | Department | DEPARTMENT of FOREST INDUSTRY ENGINEERING | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face | | Contact Hours | 14 weeks - 2 hours of lectures per week | | Lecturer | Prof. Dr. Kadri Cemil AKYÜZ | | Co-Lecturer | None | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | To give students a solid grasp of main issues in microeconomics at introductory level using both graphical and algebraic techniques. To ensure students can apply main tools and concepts to the study of contemporary economic problems. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | describe economy and its resources. | 7,12 | 1,2 | | LO - 2 : | learn demand, supply and market price and count their coefficient of elasticity. | 2,4,7,12 | 1,2 | | LO - 3 : | determine and compute production costs. | 6,12 | 1,2 | | LO - 4 : | have information about markets, perfect markets and imperfect markets are evaluated by them. | 7,8,11,12 | 1,2 | | LO - 5 : | have information about money, monetary associations, Central Bank and the other associations. | 3,7,8,12 | 1,2 | | LO - 6 : | compute level of economic growth and development and evaluate national income. | 1,7,8,12 | 1,2 | | LO - 7 : | learn basics of international trade and its needs. | 7,8,11,12 | 1,2 | | LO - 8 : | evaluate consumer behavior. | 6,12 | 1,2 | | LO - 9 : | compute inflation and know its types. | 12 | 1,2 | | 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 | | |
| The main objective of economy lesson is investigating of economy existence depends on what and of solution for imbalance between sources and requirements. Descriptions of demand and supply, effecting factors, computing and evaluating coefficients of elasticity, consumer?s and producer?s rent, consumer election, indifference curvesMarket price formation, equilibrium price, black-market price, utility, production, costs, market structures, perfect and imperfect markets, national product, employment, economic growth, inflation, types and resultsConsumer behaviors |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Definition of Economy and Basic Subjects | | | Week 2 | Shortage, Preference, Utility | | | Week 3 | Supply and Demand | | | Week 4 | Elasticity | | | Week 5 | Supply and Demand Applications | | | Week 6 | Production and Costs | | | Week 7 | Perfect Competition Market | | | Week 8 | Imperfect Markets | | | Week 9 | Mid-term exam | | | Week 10 | Public Goods and Externality | | | Week 11 | National Income Accounting | | | Week 12 | Presentation by Student | | | Week 13 | Determining of Natinal Product | | | Week 14 | Money, Theory of Money and Monetary Policy | | | Week 15 | Aggregate Demand, Aggregate Supply and Infilation | | | Week 16 | End-of-term exam | | | |
| 1 | Ekonomi, Derek Lobley, Özgün Matbaacılık A.Ş., Ankara, 1995. | | | 2 | İktisat Bilimine Giriş, Prof. Dr. Zeyyat Hatipoğlu, İstanbul İşletme Fakültesi Yayın No: 220, İstanbul 1989. | | | |
| 1 | İktisat, Prof. Dr. Cem Alpar, Beta Basım Yayım Dağıtım A.Ş., İstanbul 1986 | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 06/04/2015 | 2 | 50 | | End-of-term exam | 16 | 29/05/2015 | 2 | 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 | 3 | 14 | 42 | | Sınıf dışı çalışma | 5 | 10 | 50 | | Arasınav için hazırlık | 9 | 3 | 27 | | Arasınav | 2 | 1 | 2 | | Dönem sonu sınavı için hazırlık | 9 | 3 | 27 | | Dönem sonu sınavı | 2 | 1 | 2 | | Total work load | | | 150 |
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