COURSE UNIT TITLE

: PRINCIPLES OF ECONOMICS

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MAT 4038 PRINCIPLES OF ECONOMICS ELECTIVE 4 0 0 7

Offered By

Mathematics (English)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR HALIL ORUÇ

Offered to

Mathematics (Evening)
Mathematics (English)

Course Objective


The purpose of the course is to provide a basic understanding to the concepts of microeconomics and macroeconomics. The course introduces basic microeconomic topics such as market structures, supply and demand, consumer behaviour, firm behaviour in output markets, the production process and basic macroeconomic concepts such as such as national income, inflation, unemployment in addition to short run fluctuations by Keynesian model, money and its uses, monetary policy tools.

Learning Outcomes of the Course Unit

1   Be able to demonstrate an understanding of basic macroeconomic concepts so that the learner can follow economic news in the media.
2   Identify the interactions among different economic units in order to discover the process of economic decision-making in a manner consistent with the existence of scarcity.
3   Identify different kinds of market structures, allowing the learner to recognize the business environment in which a firm operates.
4   Demonstrate an understanding of the dynamics behind supply and demand in order to explain their effects on market equilibrium.
5   Identify the components of national income, causes of inflation and types of unemployment through lectures.
6   Identify the monetary policy tools of the Central Bank.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 The Scope and Method of Economics
2 The Economic Problem: Scarcity and Choice
3 Demand, Supply and Market Equilibrium
4 Elasticity
5 Household Behavior and Consumer Choice
6 Production Process and Firm Behavior
7 Introduction to Macroeconomics
8 Problems and Solutions
9 Measuring National Output and National Income
10 Long-run and Short-run Concerns: Growth, Productivity, Unemployment and Inflation
11 Aggregate Expenditure and Equilibrium Output
12 The Government and Fiscal Policy
13 The Money Supply
14 Review and evaluation

Recomended or Required Reading

Textbook(s): Principles of Economics, Case & Fair

Planned Learning Activities and Teaching Methods

1. Lectures
2. Problem Sets
3. Readings
4.Presentation

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 QUZ QUIZ
3 ASG ASSIGNMENT
4 FIN FINAL EXAM
5 FCGR FINAL COURSE GRADE (RESIT) MTE* 0.30 + QUZ * 0.20 + ASG * 0.10 + FIN * 0.40
6 RST RESIT
7 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + QUZ * 0.20 + ASG * 0.10 + RST * 0.40


Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will recognize how a market reaches equilibrium through demand and supply forces.
2. The learner will identify the market structure in which a specific product is produced and sold.
3. The learner will clearly define basic macroeconomic concepts in contemporary economic media news.
4. The learner will clearly define economic concepts and terms regarding national income accounting, unemployment and inflation.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

e-posta: halil.oruc@deu.edu.tr
Tel : (232) 3018577
Ofis B205

Office Hours

To be announced

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Tutorials 14 1 14
Preparations before/after weekly lectures 13 3 39
Preparation for midterm exam 1 20 20
Preparation for final exam 1 30 30
Preparation for quiz etc. 2 6 12
Preparing presentations 1 10 10
Other 0 0 0
Final 1 2 2
Midterm 1 1 1
Quiz etc. 2 1 2
TOTAL WORKLOAD (hours) 172

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13
LO.1353
LO.235
LO.35533
LO.45
LO.55
LO.655

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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