Course Contents

Course Code and Title: EKO 116-General Economics

Course Type: Compulsory
Course Level: Undergraduate
Year and Semester: First year, Spring
Course Length: One semester, 3 hours lectures per week
Prerequisite(s): None
Language of Instruction: Turkish
Course Credits: 3 0 3
ECTS Credits: 4
Course Content: Basic concepts of economics
Fundamental problems of economies
Economic systems
Introduction to the price theory
Consumer equilibrium
Theory of firm
Basic concepts of macroeconomics
Income and employment theories
Course Objectives:
To give students an understanding about the three basic questions of economics, what, how and for whom to produce by using the concepts of scarcity, opportunity cost, production possibility curve and efficiency, and to teach them the price mechanism with the analysis of demand and supply.
Teaching Method: Lectures
Assessment Method: Two midterms (25 % each) and 1 final (50 %)
Recommended Reading:
Ekonominin Temelleri. Prof.Dr.Besim Üstünel
İktisadın ABC’si, Prof Dr. İlker Parasız
K.E. Case and R. C. Fair, Principles of Economics, Prentice-Hall, 8th edition, 2007.

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