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Week 1 - Orientation Week and Syllabus

This document provides an overview of an economics course taught by Assistant Professor Mert Gul during the 2020-2021 spring semester. The purpose of the course is to provide an understanding of basic economic concepts and apply them to daily life using current examples. Topics covered include economic history, actors, markets, microeconomics, macroeconomics, national income, demand, supply, and fiscal and monetary policy. The syllabus outlines weekly topics such as supply and demand, elasticity, consumer choice, firms' production, and macroeconomic indicators. Benefits of the course include learning economic concepts, interpreting graphs, and applying knowledge to business and personal decisions. Assessment includes a midterm and final exam. Contact information is provided for questions.

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AYBÜKE TUĞÇE KILAVUZOĞLU
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52 views9 pages

Week 1 - Orientation Week and Syllabus

This document provides an overview of an economics course taught by Assistant Professor Mert Gul during the 2020-2021 spring semester. The purpose of the course is to provide an understanding of basic economic concepts and apply them to daily life using current examples. Topics covered include economic history, actors, markets, microeconomics, macroeconomics, national income, demand, supply, and fiscal and monetary policy. The syllabus outlines weekly topics such as supply and demand, elasticity, consumer choice, firms' production, and macroeconomic indicators. Benefits of the course include learning economic concepts, interpreting graphs, and applying knowledge to business and personal decisions. Assessment includes a midterm and final exam. Contact information is provided for questions.

Uploaded by

AYBÜKE TUĞÇE KILAVUZOĞLU
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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PRINCIPLES OF ECONOMICS

2020-2021 Spring Semester


Assist. Prof. MERT GÜL
Who Am I?
What is Economics?
What is the purpose & content of this course?

Purpose of the course:

 Provide an understanding of economics and basic economic concepts used in daily life while supporting the
learning process with current examples.

Content of the course:

 Development of economic history, economic actors, behavioral styles of those economic actors, market
types, general concepts of microeconomics and macroeconomics, formation of national income, analysis of
aggregate demand and aggregate supply.
Orientation and Syllabus; The Economic Problem: Scarcity & Method of Economics (Ch. 1,
Week - 1 Ch. 2)
Demand, Supply and Market Equilibrium (Ch. 3)
Syllabus – Week - 2 Demand and Supply Applications (Ch. 4)
Elasticity (Ch. 5)
Weekly Topics Week - 3
Week - 4 Household Behavior and Consumer Choice (Ch. 6)

Week - 5 The Production Process: The Behavior of Profit-Maximizing Firms (Ch. 7)


Input Demand: The Labor and Land Markets (Ch. 10)

Lecture Book Week - 6 Input Demand: The Capital Market and Investment Decisions (Ch. 11)
General Equilibrium and the Efficiency of Perfect Competition (Ch. 12)
Monopoly and Antitrust Policy (Ch. 13)
Oligopoly (Ch. 14)
Week - 7 Monopolistic Competition (Ch. 15)
Week - 8 Midterm Exam
Week - 9 Income Distribution and Poverty (Ch. 18)

Public Finance: The Economics of Taxation (Ch. 19)


Week - 10
Introduction to Macroeconomics (Ch. 20)
Week - 11 Measuring National Output and National Income (Ch. 21)
Unemployment, Inflation, Long-run Growth (Ch. 28)
Week - 12 Labor Market (Ch. 28)
The Government and Fiscal Policy (Ch. 24)
Week - 13 Money, Fed. Reserve, Interest Rate (Ch. 25)

The Determination of Aggregate Output, the Price Level, and the Interest Rate (Ch. 26)
General Review before the Final Exam
Week - 14
What are the benefits of this course?

Student,
 learns the basic concepts, problems and methods of economics.
 is able to draw and interpret graphs, establishes relationships between economic variables.
 combines whole knowledge during course period and apply it to solve problems in both his/her
business and personal life.
 determines his/her own needs and gains the awareness of lifelong learning, thanks to developing a
critical measuring ability during the class.
 has social and ethical values in the stages of collection, interpretation and application of economic
data.
Learning Materials

Lecture Notes:
I add downloadable content to the following address:
https://pusula.beykent.edu.tr/

Course Book:
 Case & Fair & Oster. Principles of Economics. 10, 11, 12 or 13th Edition.
Pearson.

Additional Source(s):
 Daron Acemoğlu, David Libson, John A. List. (2015). Microeconomics.
 Daron Acemoğlu, David Libson, John A. List. (2015). Macroeconomics.
Grading the Letter Grade

Midterm 40%*
Final Exam 60%*

 Questions and answers will be in essay type in the both exams.


 The grading for the both exams may be changed due to the necessities of the online education
period.
Contact

As we all observe during the Corona period, individual and mass communication tools have changed
their shape and adapted to the requirements of the period itself…
 The university mail address for formal correspondence:
[email protected]
 The social media profiles to follow the economic and financial agenda:
Instagram : mgulmert

Twitter : maviekonomi

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