| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 3 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Learn basic microeconomic concepts and price formation in markets.
- Comprehend micro-economic concepts such as demand, supply, utility, externalities, public goods and regulation.
- Understand how micro-economic balance is achieved by supply and demand.
- Be familiar with the functioning of different markets.
- Understand how monopoly, oligopoly and fully competitive markets work.
- Understand the effects of government intervention on the market.
- Understand how market failures are solved.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | Basic concepts and principles of economics and to give the student the ability to analyze the concepts and information to provide an introduction to the economy. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
General Information and Introduction to the Course |
|
2nd Week |
Basic concepts, observation and explanation of economy, selection of famine and economic interaction |
|
3rd Week |
Supply and demand model |
|
4th Week |
Flexibility and uses of flexibility |
|
5th Week |
Demand curve and consumer behavior |
|
6th Week |
Supply curve and behavior of firms |
|
7th Week |
Interaction of individuals in markets |
|
8th Week |
Midterm |
|
9th Week |
Costs and evolution of firms over time, rise and fall of industries, monopoly |
|
10th Week |
Monopoly, product differentiation, monopolistic competition and oligopoly |
|
11th Week |
Product differentiation, monopolistic competition and oligopoly, anti-monopoly policy and regulation |
|
12th Week |
Labor markets |
|
13th Week |
Taxes, transfers and income distribution |
|
14th Week |
Public goods, externalities and behavior of governments |
|
15th Week |
Physical capital and financial markets |
|
16th Week |
General Review |
|
17th Week |
Final Exam |
|
| Recommended or Required Reading | 1. John, B, Taylor. (2003). Economics. New York, Houghton Mifflin. |
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Discussion
- Practice
- Presentation
- Project
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
40 |
| Quiz |
1 |
10 |
| Total(%) |
|
50 |
| Contribution of In-term Studies to Overall Grade(%) |
|
50 |
| Contribution of Final Examination to Overall Grade(%) |
|
50 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
2 |
2 |
| Preparation for Quiz |
3 |
1 |
3 |
| Individual or group work |
14 |
2 |
28 |
| Preparation for Final exam |
4 |
3 |
12 |
| Course hours |
14 |
2 |
28 |
| Preparation for Midterm exam |
2 |
8 |
16 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
2 |
2 |
| Homework |
1 |
4 |
4 |
| Total Work Load | 95 |
| Total Work Load / 30 (h) | 3.16 |
| ECTS Credit of the Course | 3 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
