| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
- |
| Learning Outcomes |
At the end of this course, the students;
- Analyze basic supply and demand relationships using formal models.
- Discuss the functioning of different markets.
- Examine market failures and their solutions analytically.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | This course explains the fundamental economic tools of microeconomics. The course explores how individuals make decisions and optimize them. Additionally, the course analyzes the functioning of competitive markets and the effects of public interventions. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Markets and pricing |
|
2nd Week |
Consumer behavior |
|
3rd Week |
Individual and market demand |
|
4th Week |
Production |
|
5th Week |
Short-run production costs |
|
6th Week |
Long-run production costs |
|
7th Week |
Profit maximization |
|
8th Week |
Midterm exam |
|
9th Week |
Competitive supply |
|
10th Week |
Analysis of competitive markets |
|
11th Week |
Market power: monopoly |
|
12th Week |
Market power: monopsony |
|
13th Week |
Market power and pricing |
|
14th Week |
Market power and welfare |
|
| Recommended or Required Reading | Pindyck, R. & Rubinfeld, D. L. (2015). Microeconomics (8th ed.). Boston: Pearson. |
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Questions/Answers
- Problem Solving
- Discussion
|
|---|
| 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 |
|
|
|
| Individual or group work |
14 |
3 |
42 |
| Preparation for Final exam |
1 |
40 |
40 |
| Course hours |
13 |
3 |
39 |
| Preparation for Midterm exam |
1 |
25 |
25 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
1 |
1 |
| Homework |
|
|
|
| Total Work Load | 148 |
| Total Work Load / 30 (h) | 4.93 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
