Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
ZTE205AGRICULTURAL ECONOMICSElective234
Level of Course Unit
First Cycle
Objectives of the Course
At the end of this course, students will learn fundamental concepts and theories of economics and will be equiped with information and skills that is necessary to analyze the economic problems; they will be able to analyze the agricultural sector and its problems through use of economic principles.
Name of Lecturer(s)
Sevtap GÜMÜŞ
Learning Outcomes
1To dominate the terminology of economics and to understand the basic economic problems,
2To be able to analyze the relations between economic variables graphically, numerically and orally,
3To be able to interpret the daily economic problems,
4To have the necessary skills for agricultural economic applications of the economic theories and therefore to be able to allocate the agricultural resources in the most efficient and productive way,
5To be able to evaluate and interpret the situation in the agricultural sector and the agricultural policy in Turkey.
6Capacity to serve as a consultant or to take position in projects relating to agricultural marketing, agricultural credit and finance, cooperative management and management of investments.
7To gain the analytical perspective enabling production of solutions to daily problems and effective decision making.
8Ability to cooperate in multi-disciplinary projects involving economic dimension.
9To build self-confidence through discussions and problem solving practices in class.
10To have the ability to bear responsibility
Mode of Delivery
Face to Face
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Course Contents
• Basic concepts of economics • Fundamental economic problems faced by all societies and economic systems • Market concept and types of markets • Price theory, demand, supply, elasticity • Consumption theory, consumer equilibrium • Production theory, costs of production • Market equilibrium under prefect competition and monopoly • Characteristics of agricultural production, production factors in agriculture • Agriculture in Turkish Economy, structure of the Turkish Agriculture • Decision making in agriculture, basic concepts and fundamental principles of farm management, • Agricultural marketing and agricultural cooperatives • Agricultural finance, sources of credit and investment in agriculture • Evaluation of the aims and tools of various agricultural policies, Turkish Agricultural Policy
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1Introduction to the scope and the importance of the course, and the recommended text books, basic concepts of economicsFollowing the Reference Books and current references
2Economic problems faced by all societies, production possibilities, opportunity cost, economic systems, market concept and types of marketsFollowing the Reference Books and current references
3Supply and demand, changes in supply and demand, market equilibrium and price determination, changes in equilibrium price, market equilibrium and timeFollowing the Reference Books and current references
4Elasticity of demand and supply, characteristics of supply and demand of the agricultural productsFollowing the Reference Books and current references
5Consumer preferences, utility, consumer equilibrium and utility maximizationFollowing the Reference Books and current references
6Production function in the short run and the law of diminishing returns, production function in the long run and returns to scale, isoquants, isocost lines, economic optimum production pointFollowing the Reference Books and current references
7Cost function, costs associated with the short run and the long run, profit maximization under perfect competition and under monopolyFollowing the Reference Books and current references
8Midterm exam
9Characteristics of agricultural production, production factors in agricultureFollowing the Reference Books and current references
10Agriculture in Turkish Economy, structure of the Turkish AgricultureFollowing the Reference Books and current references
11Decision making in agriculture, basic concepts and fundamental principles of farm managementFollowing the Reference Books and current references
12Decision making in agriculture, basic concepts and fundamental principles of farm managementFollowing the Reference Books and current references
13Agricultural marketing and agricultural cooperativesFollowing the Reference Books and current references
14Agricultural finance, sources of credit and investment in agricultureFollowing the Reference Books and current references
15Evaluation of the aims and tools of various agricultural policies, Turkish Agricultural PolicyFollowing the Reference Books and current references
16Final Exam
Recommended or Required Reading
Zeynel Dinler, İktisada Giriş, Ekin Kitapevi, 2009. Erdal M. Ünsal, İktisada Giriş, İmaj Yayıncılık, 2007, ISBN: 975 8752515. İlker Parasız, İktisadın ABC’si, 7. baskı, Ezgi Kitabevi, 2005. N. Gregory Mankiw, Principles of Microeconomics, Thompson South-Western, 4th Edition, .2006, ISBN: 978-0324319163 Zeynel Dinler, Tarım Ekonomisi, Ekin Kitapevi, 2000. İnan, İ., H., Tarım Ekonomisi ve İşletmeciliği, Trakya Üniv., Tekirdağ Zir. Fak. Yayınları, Tekirdağ, 2006. Erkuş, A., Bülbül, M., Kıral T., Açıl, F., Demirci, R.,1995, Tarım Ekonomisi, Ankara Üniv. Ziraat Fak. Eğitim, Araştırma ve Geliştirme Vakfı yayın No: 5, Ankara. Kay, R.D., Edwards, W.M., Duffy, P.A., Farm Management, Sixth Edition, Mcgraw Hill 2008.
Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
SUM0
End Of Term (or Year) Learning ActivitiesQuantityWeight
SUM0
SUM0
Language of Instruction
Turkish
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination122
Final Examination122
Attending Lectures14228
Practice14228
Self Study14228
Individual Study for Mid term Examination12424
Individual Study for Final Examination13636
Laboratory Examination122
TOTAL WORKLOAD (hours)150
Contribution of Learning Outcomes to Programme Outcomes
PO
1
PO
2
PO
3
PO
4
PO
5
PO
6
LO134   3
LO233    
LO334   3
LO445 3  
LO54    3
LO63     
LO753  53
LO83  353
LO9    4 
LO10    4 
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Ege University, Bornova - İzmir / TURKEY • Phone: +90 232 311 10 10 • e-mail: intrec@mail.ege.edu.tr