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COURSE INFORMATION
Course CodeCourse TitleL+P HourSemesterECTS
HLK 111GENERAL ECONOMY2 + 01st Semester3

COURSE DESCRIPTION
Course Level Associate's Degree
Course Type Compulsory
Course Objective general economic terms and economic systems to be presented.
Course Content Basic concepts , demand, supply and the formation of the price in whole competitive market ,the flexibility of demand and supply. The behaviors of consumers, markets and the company balances the theory of production The theory of production. The definition of national revenue, its formation , accounting and division , the kinds of money, the function of money , money demand and supply , check currency, banks , inflation , deflation, stagflation and devaluation, foreign trade and balance of payments , economical systems.
Prerequisites No the prerequisite of lesson.
Corequisite No the corequisite of lesson.

COURSE LEARNING OUTCOMES
1At the end of the semester ,student learn the basic economic principles and economic thought and acquire certain skills in interpreting the world events from the economist point of view
2students in this class learn the mainstream economic ideas and learn the solutions of them when the economy has to solve such problems.and this knowledge make great contribution in their job in public and private sector.
3student learn how to start a business and how to invest in financial markets with their ecenomy background

COURSE'S CONTRIBUTION TO PROGRAM
Data not found.

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
ActivitiesQuantityDuration (Hour)Total Work Load (Hour)
Course Duration (14 weeks/theoric+practical)14228
Mid-terms12020
Final examination13030
Total Work Load

ECTS Credit of the Course






78

3
COURSE DETAILS
 Select Year   


 Course TermNoInstructors
Details 2025-2026 Fall1VOLKAN AKÇİT


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Course Details
Course Code Course Title L+P Hour Course Code Language Of Instruction Course Semester Mode of Delivery
HLK 111 GENERAL ECONOMY 2 + 0 1 Turkish 2025-2026 Fall Face to Face
Course Coordinator  E-Mail  Phone Number  Course Location Attendance
Lecturer VOLKAN AKÇİT vakcit@pau.edu.tr Course location is not specified. %70
Goals general economic terms and economic systems to be presented.
Content Basic concepts , demand, supply and the formation of the price in whole competitive market ,the flexibility of demand and supply. The behaviors of consumers, markets and the company balances the theory of production The theory of production. The definition of national revenue, its formation , accounting and division , the kinds of money, the function of money , money demand and supply , check currency, banks , inflation , deflation, stagflation and devaluation, foreign trade and balance of payments , economical systems.
Topics
WeeksTopics
1 Economics Definition and Scope of the Basic Economic Concepts, Economic Analysis Methods, Basic Economic Problems, Scarcity Problem Source and Resolution, Goods and Service Types, Needs Types efficiency in resource allocation, efficiency in production, in distribution effectiveness, economic efficiency
2 Economic Systems in the solution of the problem of scarcity of different events, a free market economy system, the socialist system, hybrid system, Opportunity Cost, Production Possibilities Curve
3 Price Theory, Demand Function, demand schedule, demand curve, the change in the quantity demanded, demand change, demand theory, normal goods, inferior goods, Giffen goods
4 Supply Function, Supply Act, the supply curve, the amount of change of supply, supply change, partial equilibrium analysis, static analysis, comparative static analysis, dynamic analysis, Equilibrium Price Level, Market Equilibrium
5 States market equilibrium interventions, indirect interventions, indirect interventions, consumer surplus, producer surplus, Slope and elasticity, Elasticity of Demand, Supply Elasticity, Cross Elasticity, flexibility and total expenditure, King Law, cobweb theorem
6 Consumer Theory, Optimal Consumption and Consumer Equilibrium Level, Cardinal Utility Approach, Ordinal Utility Approach, diminishing marginal utility Policy, Laws Gossen, Value paradox, Indifference Curves, Marginal Rate of Substitution, Budget Line
7 Producer Theory, Production Method, production function, production technology, and the Law of Diminishing Returns in Short-Term, Long-term and Economies of Scale, isoquant curves, Eşmaliyet Rather, the company's expansion path and returns to scale
8 Midterm
9 Factor markets, labor demand curve, the supply curve of labor in the labor market equilibrium, Cost Theory, accounting costs, economic costs, the production period, short-run cost curves, long-term cost curve, long-run industry supply curve
10 Market Type, Fully competitive markets, perfect competition market structure, perfect competition market companies in the demand curve and the market demand curve, perfectly competitive firm's short-run equilibrium, the perfectly competitive firm's long-run equilibrium, industry equilibrium, the industry supply curve, increasing, decreasing and constant cost industry, fully competitive market in terms of economic efficiency assessment
11 Market failure, causes the emergence of imperfectly competitive markets, public goods, externalities, natural monopolies, asymmetric information, imperfect competition types
12 Monopoly, Monopoly types, short-term and long-term equilibrium of monopoly, monopoly price discrimination, inefficiency of monopoly
13 Monopolistic competition, product group, monopolistic competition in the short-term and long-term balance, assessment of monopolistic competition, oligopoly market assessment of
14 Final Exam
Materials
Materials are not specified.
Resources
ResourcesResources Language
Zeynel DİNLER, İktisada Giriş, Ekin Yayıncılık Türkçe
Erdal M. ÜNSAL, İktisada Giriş, İmaj YayıneviTürkçe
Tümay Ertek, Temel Ekonomi (Basından Örneklerle, Beta Basın YayımTürkçe
Course Assessment
Assesment MethodsPercentage (%)Assesment Methods Title
Final Exam60Final Exam
Midterm Exam40Midterm Exam
L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes