This course aims to explain fundamental concepts of economics, supply, demand, consumer behaviour, the theory of firm, and markets.
Course Content
This course contains; 1. Definition and Basic Concepts of Economics,2. Preference and Benefit,3.Supply and Demand,4. Elasticities,5. Supply and Demand Applications I,6. Supply and Demand Applications II,7. Production and Costs I,8. Production and Costs II,9. Perfect Competition Markets,10. Imperfect Competition Markets I,11. Imperfectly Competitive Markets II,12. Factor Markets,13. Public Goods and Externalities I,14. Public Goods and Externalities II.
Course Learning Outcomes
Teaching Methods
Assessment Methods
1. Will be able to explain basic concepts of microeconomics.
13, 16, 9
A
1.1. Define basic concepts
13, 16, 9
A
1.2. Relate these concepts with the real life.
13, 16, 9
A
2. Will be able to explains the formation of price and quantity in economics.
12, 13, 16, 9
A
2.1. Analyse factors that affect price and quantity
12, 13, 16, 9
A
2.2. Evaluate the effects of public policies
12, 13, 16, 9
A
3. Will be able to nalyses consumer behavior.
12, 13, 16, 9
A
3.1. Analyse the concept of utility
12, 13, 16, 9
A
3.2. Analyse the effect of budget constraints.
12, 13, 16, 9
A
4. Will be able to analyses firm behavior
12, 13, 16, 9
A
4.1. Analyse production technologies
12, 13, 16, 9
A
4.2. Analyse different types of cost
12, 13, 16, 9
A
4.3. Analyse the concept of profit
12, 13, 16, 9
A
5. will able to evaluates the markets.
12, 13, 16, 9
A
5.1. Recognize types of markets
12, 13, 16, 9
A
5.2. Analyse the formation of market prices.
12, 13, 16, 9
A
5.3. Compare different markets
12, 13, 16, 9
A
Teaching Methods:
12: Problem Solving Method, 13: Case Study Method, 16: Question - Answer Technique, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
1. Definition and Basic Concepts of Economics
2
2. Preference and Benefit
3
3.Supply and Demand
4
4. Elasticities
5
5. Supply and Demand Applications I
6
6. Supply and Demand Applications II
7
7. Production and Costs I
8
8. Production and Costs II
9
9. Perfect Competition Markets
10
10. Imperfect Competition Markets I
11
11. Imperfectly Competitive Markets II
12
12. Factor Markets
13
13. Public Goods and Externalities I
14
14. Public Goods and Externalities II
Resources
- Case Fair and Oster, Pearson 2016
- Principles of Economics
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
(S)he describes theoretical knowledge in economics and finance.
X
2
(S)he explains mathematical and statistical methods needed for economics and finance.
X
3
(S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB).
4
(S)he has the foreign language proficiency necessary for economics and finance.
5
(S)he develops projects in the field and handles team work.
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
X
7
(S)he uses theoretical and practical knowledge on economics and finance.
X
8
(S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1.
9
(S)he adopts and uses organizational, corporate and social ethical values.
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
11
(S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies.
12
(S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field.
X
Assessment Methods
Contribution Level
Absolute Evaluation
Rate of Midterm Exam to Success
40
Rate of Final Exam to Success
60
Total
100
ECTS / Workload Table
Activities
Number of
Duration(Hour)
Total Workload(Hour)
Course Hours
14
3
42
Guided Problem Solving
0
0
0
Resolution of Homework Problems and Submission as a Report
2
10
20
Term Project
0
0
0
Presentation of Project / Seminar
0
0
0
Quiz
2
15
30
Midterm Exam
1
31
31
General Exam
1
52
52
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
175
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(175/30)
6
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.
This course aims to explain fundamental concepts of economics, supply, demand, consumer behaviour, the theory of firm, and markets.
Course Content
This course contains; 1. Definition and Basic Concepts of Economics,2. Preference and Benefit,3.Supply and Demand,4. Elasticities,5. Supply and Demand Applications I,6. Supply and Demand Applications II,7. Production and Costs I,8. Production and Costs II,9. Perfect Competition Markets,10. Imperfect Competition Markets I,11. Imperfectly Competitive Markets II,12. Factor Markets,13. Public Goods and Externalities I,14. Public Goods and Externalities II.
Course Learning Outcomes
Teaching Methods
Assessment Methods
1. Will be able to explain basic concepts of microeconomics.
13, 16, 9
A
1.1. Define basic concepts
13, 16, 9
A
1.2. Relate these concepts with the real life.
13, 16, 9
A
2. Will be able to explains the formation of price and quantity in economics.
12, 13, 16, 9
A
2.1. Analyse factors that affect price and quantity
12, 13, 16, 9
A
2.2. Evaluate the effects of public policies
12, 13, 16, 9
A
3. Will be able to nalyses consumer behavior.
12, 13, 16, 9
A
3.1. Analyse the concept of utility
12, 13, 16, 9
A
3.2. Analyse the effect of budget constraints.
12, 13, 16, 9
A
4. Will be able to analyses firm behavior
12, 13, 16, 9
A
4.1. Analyse production technologies
12, 13, 16, 9
A
4.2. Analyse different types of cost
12, 13, 16, 9
A
4.3. Analyse the concept of profit
12, 13, 16, 9
A
5. will able to evaluates the markets.
12, 13, 16, 9
A
5.1. Recognize types of markets
12, 13, 16, 9
A
5.2. Analyse the formation of market prices.
12, 13, 16, 9
A
5.3. Compare different markets
12, 13, 16, 9
A
Teaching Methods:
12: Problem Solving Method, 13: Case Study Method, 16: Question - Answer Technique, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
1. Definition and Basic Concepts of Economics
2
2. Preference and Benefit
3
3.Supply and Demand
4
4. Elasticities
5
5. Supply and Demand Applications I
6
6. Supply and Demand Applications II
7
7. Production and Costs I
8
8. Production and Costs II
9
9. Perfect Competition Markets
10
10. Imperfect Competition Markets I
11
11. Imperfectly Competitive Markets II
12
12. Factor Markets
13
13. Public Goods and Externalities I
14
14. Public Goods and Externalities II
Resources
- Case Fair and Oster, Pearson 2016
- Principles of Economics
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
(S)he describes theoretical knowledge in economics and finance.
X
2
(S)he explains mathematical and statistical methods needed for economics and finance.
X
3
(S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB).
4
(S)he has the foreign language proficiency necessary for economics and finance.
5
(S)he develops projects in the field and handles team work.
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
X
7
(S)he uses theoretical and practical knowledge on economics and finance.
X
8
(S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1.
9
(S)he adopts and uses organizational, corporate and social ethical values.
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
11
(S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies.
12
(S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field.
