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
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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.
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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 |
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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 |
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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(%) |
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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 |
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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 |
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Total Workload / 30 | | | 5,8 |
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ECTS Credits of the Course | | | 6 |
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LANGUAGE OF INSTRUCTION | Turkish |
WORK PLACEMENT(S) | No |
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