Information Package / Course Catalogue
General Economics
Course Code: OT109
Course Type: Area Elective
Couse Group: Short Cycle (Associate's Degree)
Education Language: Turkish
Work Placement: Students must have to complete their internship within the required time and properties. The required rules are describes at the Adnan Menderes University, Sultanhisar Vocational School, Student Internship Instructions.
Theory: 2
Prt.: 0
Credit: 2
Lab: 0
ECTS: 2
Objectives of the Course

The student, verbal, nonverbal, written, formal, non formal and communicating between the inside and the outside organization to gain qualifications.

Course Content

Oral communication, written communication, nonverbal communication which is the formal (formal) to communicate non-formal (informal) to communicate, communicate with outsideorganizations

Name of Lecturer(s)
Learning Outcomes
1.Define and analyze basic economic concepts. Define the concepts of scarcity, choice and utility. Define the concept of opportunity cost. Relate the concepts of scarcity and choice to the concepts of opportunity cost.
2.Explain the decision-making mechanisms required to answer economic questions summarized as "What, how and for whom will it be produced?". Explain the question of "What will be produced?" and its relationship with individual preferences. Explain the question of "How will it be produced?" and its relationship with the organization mechanism. Explain the question of "For whom will it be produced?" and its relationship with the distribution mechanism.
3.Will be able to analyze market equilibrium. Will be able to define the concept of supply and the factors that determine it. Will be able to define the concept of demand and the factors that determine it. Will be able to analyze market equilibrium using the relevant concepts.
4.Will be able to analyze markets. Explain and exemplify perfect competition markets. Define and exemplify imperfect competition markets. Relate factors such as consumption, savings and investment that determine national income.
5.Explain the differences between macroeconomics and microeconomics. Define macroeconomics and microeconomics. Compare macroeconomics and microeconomics. Classify unemployment according to its types. Explain the types of exchange rates and the formation of exchange rates. Express the concepts of economic growth and development. Explain the concepts of import, export and foreign trade deficit.
6.Will be able to analyze macroeconomic problems. Define national income and interpret income distribution. Define inflation and compare different measurement methods. Define unemployment and question its causes. Define growth and development; evaluate the growth rates of different countries.
Recommended or Required Reading
1.Ertek, Tümay (2009). Temel Ekonomi (3. Baskı), İstanbul: Beta Yayınevi.
Weekly Detailed Course Contents
Week 1 - Theoretical
Subject of Economics and Basic Concepts of Economics: Scarcity, Choice, Benefit, Need, Income and Production
Week 2 - Theoretical
Demand, Supply and Market Balance
Week 3 - Theoretical
Flexibility
Week 4 - Theoretical
Consumer Behavior
Week 5 - Theoretical
Firm Behavior and the Production Function
Week 6 - Theoretical
Firm Behavior and the Production Function
Week 7 - Theoretical
Firm Costs, Firm Revenues and Firm Equilibrium in a Perfectly Competitive Market
Week 8 - Theoretical
Imperfectly Competitive Markets: Monopoly, Duopoly, Oligopoly and Monopolistically Competitive Markets
Week 9 - Theoretical
Income Distribution and Factor Markets
Week 10 - Theoretical
The Concept of National Income, National Income Calculations, Economic Growth and Cyclical Fluctuations
Week 11 - Theoretical
Unemployment
Week 12 - Theoretical
Unemployment
Week 13 - Theoretical
Monetary and Banking System
Week 14 - Theoretical
Inflation and Devaluation
Assessment Methods and Criteria
Type of AssessmentCountPercent
Assignment1%5
Quiz1%5
Midterm Examination1%30
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory141242
Assignment1011
Midterm Examination1112
Final Examination1112
TOTAL WORKLOAD (hours)47
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
PÇ-13
OÇ-1
2
3
4
3
2
1
1
2
5
2
3
4
2
OÇ-2
1
1
3
2
4
2
3
2
4
3
5
5
4
OÇ-3
1
2
3
4
2
3
3
5
5
3
4
OÇ-4
3
3
2
1
1
3
4
2
4
OÇ-5
1
1
1
3
2
3
2
1
3
2
3
3
OÇ-6
4
2
2
5
1
2
2
Adnan Menderes University - Information Package / Course Catalogue
2026