| TYPE OF COURSE UNIT | Elective Course |
| LEVEL OF COURSE UNIT | Bachelor's Degree |
| YEAR OF STUDY | - |
| SEMESTER | - |
| NUMBER OF ECTS CREDITS ALLOCATED | 5 |
| NAME OF LECTURER(S) | -
|
| LEARNING OUTCOMES OF THE COURSE UNIT |
At the end of this course, the students;
1) Analyze basic supply and demand relations with formal models.
2) Discuss the operation of different markets.
3) Analytically examine market failures and their solutions.
|
| MODE OF DELIVERY | Face to face |
| PRE-REQUISITES OF THE COURSE | No |
| RECOMMENDED OPTIONAL PROGRAMME COMPONENT | None |
| COURSE DEFINITION | This course presents the basic analytical tools of microeconomics. It describes decision making process of individuals and how these decisions are optimized by using consumer and firm theory. Then how competitive markets function and what happens after government interventions are analysed. |
| COURSE CONTENTS | | WEEK | TOPICS |
|---|
| 1st Week | Markets and Prices | | 2nd Week | Consumer Behaviour | | 3rd Week | Individual and Market Demand | | 4th Week | Production | | 5th Week | Cost of Production in Short Run | | 6th Week | Cost of Production in Long Run | | 7th Week | Profit Maximization | | 8th Week | Midterm | | 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 |
|
| RECOMENDED OR REQUIRED READING | Robert Pindyck and Daniel L. Rubinfeld, Microeconomics, 8th ed. Boston: Pearson, 2015. |
| 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 WORKLOAD |
| Activities |
Number |
Hours |
Workload |
| 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 Workload | | | 148 |
|---|
| Total Workload / 30 | | | 4,93 |
|---|
| ECTS Credits of the Course | | | 5 |
|---|
|
| LANGUAGE OF INSTRUCTION | Turkish |
| WORK PLACEMENT(S) | No |
| | |
