ECONOMICS I (MICRO ECONOMICS)

LAWG193

Course Code: LAWG193
Semester: -
Theory+Practice: 2 + 0
ECTS: 4

Course Type

Elective Course

Course Level

Bachelor's Degree

Year of Study

Semester

ECTS

Name of Lecturer(s)

Professor Burçhan Sakarya

Learning Outcomes

At the end of this course, the students;

Learn basic concepts of economics.
Be familiar to the functioning of different markets.
Know market price formation.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

None

Course Description

Economics of the subject, scope and methods; supply-demand and price, consumer behavior, various market structures, income distribution; external Holder public goods; examples from Turkey.

Course Contents

WEEK	TOPICS
1^st Week	Basic concepts, Observation of the economy.
2^nd Week	Supply and Demand Model
3^rd Week	Flexibility and the Flexibility of Use
4^th Week	Demand Curve and Consumer's Behavior
5^th Week	Supply Curve and the Firm's Behavior
6^th Week	Interaction of People in Markets
7^th Week	Cost and Time Evolution of Company
8^th Week	Midterm Exam
9^th Week	Monopoly
10^th Week	oligopoly-I
11^th Week	oligopoly-II
12^th Week	Labor Markets
13^th Week	Taxes, Transfers and Income Distribution
14^th Week	Physical Capital and Financial Markets

Recommended or Required Reading

John B. Taylor, Economics, 4th ed. New York: Houghton Mifflin.

Planned Learning Activities and Teaching Methods

Lecture
Problem Solving

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	40
Total(%)		40
Contribution of In-term Studies to Overall Grade(%)		40
Contribution of Final Examination to Overall Grade(%)		60
Total(%)		100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Midterm exam	1	1	1
Preparation for Quiz	4	4	16
Individual or group work	1	2	2
Preparation for Final exam	1	30	30
Course hours	14	2	28
Preparation for Midterm exam	1	16	16
Laboratory (including preparation)	0	0	0
Final exam	1	1	1
Homework	5	5	25
Total Work Load			119
Total Work Load / 30 (h)			3.96
ECTS Credit of the Course			4

Language of Instruction

English

Work Placement(s)

Programme Qualifications / Learning Outcomes

	LO1	LO2	LO3
K1
K2
K3
K4	X	X	X
K5
K6
K7	X	X	X
K8	X	X	X
K9
K10
K11
K12