Information Package / Course Catalogue
General Economy
Course Code: ECO105
Course Type: Required
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

To understand the role and importance of economics as a social science and academic discipline, to recognize and develop economic concepts, to relate these concepts to the real world, to evaluate the importance of economic forces shaping the contemporary world.

Course Content

Firm and consumer behavior, types of markets, determination of market price, profit and utility maximization, production and cost, basic macroeconomic variables and concepts, indicators of economic performance, aggregate expenditures and determination of national income, money and banking.

Name of Lecturer(s)
Prof. Kurtuluş BOZKURT
Learning Outcomes
1.Compares theoretical approaches to economics.
2.Analyzes firms in different market structures within the framework of models.
3.Have the basic knowledge to evaluate many current macroeconomic issues.
4.Discusses basic economic problems and economic order.
5.Interpret general economic developments.
Recommended or Required Reading
1.Zeynel DİNLER - İktisada Giriş, 29. Baskı, Ekin Kitabevi Yayınları, Bursa, 2023
2.Osman Z. Orhan & Seyfettin Erdoğan - Genel Ekonomi, Umutttepe Yaınları, 2015
Weekly Detailed Course Contents
Week 1 - Theoretical
Basic Concepts, Scarcity, Preference and Utility
Week 2 - Theoretical
Supply and Demand
Week 3 - Theoretical
Market Balance and Changes in Market Balance
Week 4 - Theoretical
Flexibility
Week 5 - Theoretical
Supply and Demand Practices: Floor and Ceiling Price Practices, Consumer and Producer Rent
Week 6 - Theoretical
Producer and Cost Theory
Week 7 - Theoretical
Perfect Competition Market
Week 8 - Theoretical
Imperfect Competition Markets: Monopoly, Monopolistic Competition and Oligopoly
Week 9 - Theoretical
Macro Economics: Definition, Scope and Development
Week 10 - Theoretical
Measuring Economic Performance: Inflation, Unemployment
Week 11 - Theoretical
Basic Macroeconomic Variables and Concepts: National Income, Interest Rate and Exchange Rate
Week 12 - Theoretical
Determination of Total Expenditure and National Income Level
Week 13 - Theoretical
Money and Banking: Money Supply, Money Demand
Week 14 - Theoretical
Money and Banking: Determining the Equilibrium Interest Rate
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory140342
Reading140114
Individual Work140228
Midterm Examination116117
Final Examination123124
TOTAL WORKLOAD (hours)125
Contribution of Learning Outcomes to Programme Outcomes