| Course Objectives: |
This course aims to introduce students to the general terms and principles of economics and to teach the fundamentals of microeconomics. The law of supply and demand, elasticities, market equilibrium, market efficiency, market equilibrium under perfect and imperfect competition conditions in the long and short run, factor markets, saving, investment, growth, functions of money and money markets are the primary topics of the course. |
| Course Objective: |
This course aims to enhance the analytical thinking skills of the students, to teach them how to acquire and interpret fundamental knowledge and data about economics from diverse disciplines in understanding real-world problems or even more complicated economic policy issues and how to apply this knowledge into day to day business practices. |
| Mode of Delivery: |
Face to face
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| Knowledge
(Described as Theoritical and/or Factual Knowledge.)
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1) Student will be able to define, use and interpret microeconomic concepts, theories and indicators.
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2) Students will be able to apply optimization techniques in solving theoretical or practical microeconomic optimization problems.
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| Skills
(Describe as Cognitive and/or Practical Skills.)
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1) Students will be able to formulate methodical economic models to solve economic problems in theory and practice.
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| Competences
(Described as "Ability of the learner to apply knowledge and skills autonomously with responsibility", "Learning to learn"," Communication and social" and "Field specific" competences.)
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1) Students will be able to conceptualise, analyse and answer microeconomic problems in business life.
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2) Students will be able to gather microeconomic data and indicators and translate them into microeconomic analyses.
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| Week |
Subject |
| Related Preparation |
Pekiştirme |
| 1) |
Principles of economics |
| 2) |
Introduction to price theory ( Supply & Demand) |
| 3) |
Introduction to market equilibrium |
| 4) |
Market and welfare (Consumer, Producer and Market Efficiency) |
| 5) |
Elasticity and its application |
| 6) |
Production, cost and firm behavior I |
| 7) |
Production, cost and firm behavior II |
| 8) |
Cost and profit maximization (Market Equilibrium in Perfect Competition) |
| 9) |
Cost and profit maximization (Market Equilibrium in Imperfect Competition) |
| 10) |
Money, banking and exchange rate system |
| 11) |
Monetary and fiscal policies |
| 12) |
Inflation, saving and investment |
| 13) |
Factor markets and income distribution
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| 14) |
National accounts, growth and development |
| References: |
1- Principles of Economics, Gregory Mankiw, 5th edition
2- Principles of Microeconomics, Gregory Mankiw, 7th edition
3- Microeconomics, Robert Pindyck & Daniel Rubinfield, 8th edition
4- Dinler, Z. (2020), İktisada Giriş, Ekin Kitapevi
5- Eğilmez, Mahfi (2021), Mikroekonomi, Remzi Kitapevi |
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| Q & A |
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| Case Problem Solving/ Drama- Role/ Case Management |
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| Laboratory |
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| Quantitative Problem Solving |
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| Fieldwork |
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| Group Study / Assignment |
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| Individual Assignment |
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| WEB-based Learning |
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| Internship |
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| Practice in Field |
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| Project Preparation |
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| Report Writing |
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| Seminar |
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| Supervision |
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| Social Activity |
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| Occupational Activity |
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| Occupational Trip |
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| Application (Modelling, Design, Model, Simulation, Experiment et.) |
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| Reading |
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| Thesis Preparation |
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| Field Study |
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| Student Club and Council Activities |
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| Other |
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| Logbook |
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| Interview and Oral Conversation |
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| Research |
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| Watching a movie |
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| Bibliography preparation |
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| Oral, inscribed and visual knowledge production |
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| Taking photographs |
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| Sketching |
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| Mapping and marking |
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| Reading maps |
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| Copying textures |
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| Creating a library of materials |
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| Presentation |
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| Semester Requirements |
Number of Activities |
Level of Contribution |
| Attendance |
|
% 0 |
| Laboratory |
|
% 0 |
| Application |
|
% 0 |
| Practice Exam |
|
% 0 |
| Quizzes |
|
% 0 |
| Homework Assignments |
|
% 0 |
| Presentation |
|
% 0 |
| Project |
|
% 0 |
| Special Course Internship (Work Placement) |
|
% 0 |
| Field Study |
|
% 0 |
| Article Critical |
|
% 0 |
| Article Writing |
|
% 0 |
| Module Group Study |
|
% 0 |
| Brainstorming |
|
% 0 |
| Role Playing + Dramatizing |
|
% 0 |
| Out of Class Study |
|
% 0 |
| Preliminary Work, Reinforcement |
|
% 0 |
| Application Repetition etc. |
|
% 0 |
| Homework (reading, writing, watching movies, etc.) |
|
% 0 |
| Project Preparation + Presentation |
|
% 0 |
| Report Preparation + Presentation |
|
% 0 |
| Presentation / Seminar Preparation + Presenting |
|
% 0 |
| Oral examination |
|
% 0 |
| Midterms |
|
% 0 |
| Final |
|
% 0 |
| Report Submission |
|
% 0 |
| Bütünleme |
|
% 0 |
| Kanaat Notu |
|
% 0 |
| Committee |
|
% 0 |
| Yazma Ödev Dosyası |
|
% 0 |
| Portfolio |
|
% 0 |
| Take-Home Exam |
|
% 0 |
| Logbook
|
|
% 0 |
| Discussion |
|
% 0 |
| Participation |
|
% 0 |
| total |
% 0 |
| PERCENTAGE OF SEMESTER WORK |
|
% 0 |
| PERCENTAGE OF FINAL WORK |
|
% 0 |
| total |
% 0 |
| Activities |
Number of Activities |
Workload |
| Course Hours |
14 |
42 |
| Laboratory |
|
|
| Application |
|
|
| Practice Exam |
|
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| Special Course Internship (Work Placement) |
|
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| Field Work |
|
|
| Study Hours Out of Class |
|
|
| Article Critical |
|
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| Article Writing |
|
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| Module Group Study |
|
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| Brainstorming |
|
|
| Role Playing + Dramatizing |
|
|
| Out-of-Class Study (Pre-study, Reinforcement, Practice Review, etc.) |
14 |
28 |
| Homework (reading, writing, watching movies, etc.) |
|
|
| Project Preparation + Presentation |
|
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| Report Preparation + Presentation |
|
|
| Presentation / Seminar Preparation + Presenting |
|
|
| Oral examination |
|
|
| Preparing for Midterm Exams |
7 |
14 |
| MIDTERM EXAM (Visa) |
1 |
1 |
| Preparing for the General Exam |
14 |
28 |
| GENERAL EXAM (Final) |
1 |
1 |
| Participation |
|
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| Discussion |
|
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| Portfolio |
|
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| Take-Home Exam |
|
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| Logbook
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| Total Workload |
114 |
| ECTS (30 saat = 1 AKTS ) |
3 |
