COURSE UNIT TITLE

: ECONOMICS

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
HUK 1017 ECONOMICS COMPULSORY 2 0 0 4

Offered By

Law

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASISTANT PROFESSOR CANAN ERKAN

Offered to

Law

Course Objective

We aim the understanding of the basic concepts of the economic science by means of consumer equilibrium (utility maximization), producer equilibrium (profit maximization) and the price mechanism in different markets. From the macroeconomic point of view, we analyze money, inflation, national income, employment, aggregate supply, aggregate demand, European Union and economic integration process. By the way, students gain the actual economic knowledge necessary for the efficiency of their solutions to legal procedures as future lawyers.

Learning Outcomes of the Course Unit

1   Ability to explain the basic concepts of the economic science and the behaviors of economic agents by both, micro and macro approaches.
2   Ability to compare different economic systems and economic thoughts.
3   Ability to explain market types and the pricing in these different market types.
4   Ability to explain the consumer and producer equilibrium.
5   Ability to define the role and the importance of money in an economy.
6   Ability to explain the national income and discuss the problems of employment and unemployment
7   Ability to analyze the private (consumption, investment) and public expenditures and savings.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Subject of the economy and main problems of the economy Concept of scarcity and distribution, which goods should be produced, of what quantity, with which methods, for whom and shared by whom
2 Basic Economic Concepts Requirements, utility, good and services, production and factors of production labor, nature, capital, entrepreneur, technology, income, consumption, savings, investment, value.
3 Economic Systems capitalizme, socializme, Social market economy
4 Decision agents in economy, Market Types household,firm, State, Monopoly, Duopoly, Oligopoly, Monopsony, Duopsony, Oligopsony), Monopolistic Competition
5 Perfect Market Competition Atomistic Market, Homogeneity, Free Entry-Exit Openness
6 Price theory (Demand and Supply), Demand Supply, demand and market price, Law, Market Demand Schedule, Curve, Elasticities
7 Supply Law, Market Demand Schedule, Curve, Elasticity) Supply Elasticity for different market period
8 Price Mechanisme Equilibrium Price, Theory of Cobweb, Kings Law
9 Consumer Theory Marginal Utility
10 Consumer Equilibrium Indifference Curves, Budget Line
11 Production Theory Law of Decreasing Productivity
12 Producer Equilibrium Iso-Product Curve, Iso-Cost Line
13 Evolution of Economic
14 First Midterm
15 First Midterm
16 Macroeconomic Concepts and Indicators
17 Monetary theory, Monetary Systems Definition, Functions, Types, Gold, Paper
18 Supply and Demand of Money, Liquidity Function
19 Quantitative Monetary Theory
20 Inflation, Deflation, Stagflation, Devaluation
21 Monetary Policy Tools Rediscount, Required Reserve Ration (RRR), Open Market Operation (OMO), Selective Credits
22 National Income and relevant concepts GNP,GDP, Income per capita, Individual Income, Net Income, Nominal and Real Income
23 Employment Theory Full employment, Underemployment, Overemployment
24 Unemployment types Voluntary, Involuntary, Fractional, Conjectural, Seasonal, Structural, Technologic, Hidden Unemployment
25 Determinants of National Income Consumption, Saving, Investment, Marginal Efficiency of Capital, Equality of Saving Investment, Paradox of Saving, Inflationist and Deflationist Deficit) Equilibrium in money market LM curve, Equilibrium in goods market IS curve
26 European Union and Turkey s Integration problems
27 International Economic Integrations IMF, IBRD, GATT, WTO, EFTA, NAFTA, ASEAN
28 Second Midterm
29 Second Midterm

Recomended or Required Reading

Basic Ressources :
1. PEKIN, Tevfik (2011); Ekonomiye Giriş, Zeus Kitabevi, IZMIR
2. PEKIN, Tevfik (2012); Makro Ekonomik Analiz, Zeus Kitabevi, IZMIR

Additional Ressources :
1. DINLER, Zeynel (2011); Iktisada Giriş, Ekin Kitabevi, BURSA
2. ERGUN, Temel (2011); Mikro Ekonomiye Giriş, Detay Yayıncılık, IZMIR
3. ÖZATEŞLER, Mustafa (2000); Ekonomi Bilimi I, IZMIR
4. PARASIZ, Ilker (2006); Iktisada Giriş, 8. Baskı, Ezgi Kitabevi, BURSA
5. GÜRAN, Nevzat (1999); Makro Ekonomik Analiz, Anadolu Matbaa
6. ÜNSAL, Erdal (2011); Makro Iktisat, Imaj Yayıncılık
7. YILDIRIM, Kemal, v.d. (2012); Makro Ekonomi, Seçkin Yayıncılık

Planned Learning Activities and Teaching Methods

Following the presentation of the professor supported by Power Point slide shows, an interactive discussion is motivated with questions.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE 1 MIDTERM EXAM 1
2 MTE 2 MIDTERM EXAM 2
3 MTEG MIDTERM AVERAGE GRADE MTE 1 * 0.50 +MTE 2 * 0.50
4 MTE 3 MIDTERM EXAM 3
5 FIN FINAL EXAM
6 FCG FINAL COURSE GRADE MTE 3 + FIN
7 RST RESIT
8 FCGR FINAL COURSE GRADE (RESIT) MTE 3 +RST


Further Notes About Assessment Methods

http://web.deu.edu.tr/hukuk/egitimogretim/lisans/basarideger.htm

Assessment Criteria

To be announced.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

Prof.Dr. Canan Erkan, E.mail: canan.erkan@deu.edu.tr
Dokuz Eylül Üniversitesi Buca Izmir

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 25 2 50
Preparations before/after weekly lectures 25 1 25
Preparation for midterm exam 2 7 14
Preparation for final exam 1 7 7
Final 1 2 2
Midterm 2 1 2
TOTAL WORKLOAD (hours) 100

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14PO.15
LO.1111
LO.2111
LO.3111
LO.4111
LO.5111
LO.6111
LO.7111

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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