At the end of this course, the students; 1) Will use the working principles of economics. 2) Will relate the basic principles of economics with their field. 3) Can evaluate the economic benefit by taking into account the communication characteristics, needs or differences of individuals, groups, audiences or institutions.
MODE OF DELIVERY
Face to face
PRE-REQUISITES OF THE COURSE
No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT
None
COURSE DEFINITION
Define some key terms of micro economics; describe a market and think about a price as an opportunity cost; explain demand and supply; define , calculate, and explain the factors that influence the price elasticity of demand and supply; describe utility and consumer behaviour; describe and eplain firms behaviour; explain and calculate outputs and costs; define some kinds of markets as perfect competition, monopoly , monopolistic competition and oligopoly.
COURSE CONTENTS
WEEK
TOPICS
1st Week
General concept of economics.
2nd Week
Basic terms of economics.
3rd Week
Demand
4th Week
Supply
5th Week
Some application of demand and supply.
6th Week
Elasticity of demand and supply.
7th Week
The theory of consumer behavior.
8th Week
Midterm
9th Week
The theory of consumer behavior.
10th Week
The theory of firm behavior.
11th Week
Cost and Profit of te Firm.
12th Week
Markets
13th Week
Perfect competition
14th Week
Oligopoly, monopoly and monopolistic competition
RECOMENDED OR REQUIRED READING
Parkin, M., Economics, Sixth Edition, Addison Wesley World Student Edition, Pearson Education, 2003, USA. Tucker, I.B. Survey of Economics, Third Edition, South Western College Publishing, 2000, USA. Türkay, O. ; İktisat Teorisine Giriş. Ertek, T.; Temel Ekonomi Basından Örneklerle,Beta Yayıncılık
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
Lecture, Questions/Answers ve Discussion
ASSESSMENT METHODS AND CRITERIA
Quantity
Percentage(%)
Mid-term
1
40
Other
1
10
Total(%)
50
Contribution of In-term Studies to Overall Grade(%)
50
Contribution of Final Examination to Overall Grade(%)
50
Total(%)
100
ECTS WORKLOAD
Activities
Number
Hours
Workload
Midterm exam
1
2
2
Preparation for Quiz
Individual or group work
Preparation for Final exam
1
60
60
Course hours
14
3
42
Preparation for Midterm exam
1
50
50
Laboratory (including preparation)
Final exam
1
2
2
Homework
Total Workload
156
Total Workload / 30
5,2
ECTS Credits of the Course
5
LANGUAGE OF INSTRUCTION
Turkish
WORK PLACEMENT(S)
No
KEY LEARNING OUTCOMES (KLO) / MATRIX OF LEARNING OUTCOMES (LO)
