TYPE OF COURSE UNIT	Compulsory Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	1
SEMESTER	First Term (Fall)
NUMBER OF ECTS CREDITS ALLOCATED	6
NAME OF LECTURER(S)	Research Assistant Ebru Burcu Yardımcı Bozdoğan Instructor Selim Soydemir
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Define basic microeconomic concepts. 2) Describe how microeconomic equilibrium is achieved through supply and demand. 3) Explain basics of consumer and producer behavior. 4) Explain the effects of the government intervention to the market. 5) Compare the operation of monopoly, oligopoly and perfectly competitive markets.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	The main aim of this course is to examine the allocation of resources and price formation in the free markets. The behaviors of the decision-making units that determine the price formation in an economy, namely the producers and consumers, and the concepts such as supply, demand, cost, production and profit will be studied in detail.
COURSE CONTENTS	WEEK TOPICS 1st Week Basic Principles 2nd Week Economic Models: Trade-offs and Trade 3rd Week Supply and Demand 4th Week Consumer and Producer Surplus 5th Week The Market Strikes Back 6th Week Elasticity 7th Week Taxes 8th Week Midterm 9th Week Making Decisions 10th Week The Rational Consumer 11th Week Behind the Supply Curve: Inputs and Costs 12th Week Perfect Competition and The Supply Curve 13th Week Monopoly 14th Week Oligopoly
RECOMENDED OR REQUIRED READING	Paul Krugman ve Robin Wells, Mikro İktisat. 2. Basımdan Çeviri. Ankara: Palme Yayıncılık, 2012
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 40 Quiz 2 15 Total(%) 55 Contribution of In-term Studies to Overall Grade(%) 55 Contribution of Final Examination to Overall Grade(%) 45 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 1,5 1,5 Preparation for Quiz 2 11 22 Individual or group work 14 3 42 Preparation for Final exam 1 35 35 Course hours 14 3 42 Preparation for Midterm exam 1 30 30 Laboratory (including preparation) 0 0 0 Final exam 1 1,5 1,5 Homework 0 0 0 Total Workload 174 Total Workload / 30 5,8 ECTS Credits of the Course 6
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No