| Course Title | Code | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|
| Micro Economics | SBKY101 | 1. Semester | 3 + 0 | 3.0 | 5.0 |
| Prerequisites | None |
| Language of Instruction | Turkish |
| Course Level | Undergraduate |
| Course Type | |
| Mode of delivery | Face-to-face |
| Course Coordinator |
Assoc. Prof. Dr. Ömer LİMANLI |
| Instructors |
Ömer LİMANLI |
| Assistants | |
| Goals | To inform students about the basic concepts and assumptions in economics and to establish the relationship between economic variables by using this information. In this context, consumer and producer behavior will be examined. |
| Course Content | The course includes topics such as market theory, which falls within the scope of introductory microeconomic theory, determination of price and production levels in competitive and non-competitive markets, market efficiency and market failure, and government interventions. |
| Learning Outcomes |
- To define basic concepts of economy such as scarcity, opportunity cost, elasticity, economic profit and marginal analysis - To explain the factors determining supply and demand - To explain the concept of market balance - Explains the differences between fully competitive and non-competitive markets - Compares the theories of producer and consumer behavior. - To explain the basic concepts like production, interest and cost - Have the ability to use simple level quantitative techniques in the analysis of microeconomic problems |
| Week | Topics | Learning Methods |
|---|---|---|
| 1. Week | Definition and scope of economics, economic units and sources of economics, three basic principles and scope of economics. | Course Hours |
| 2. Week | Basic concepts of economy: Need, goods and services, benefit, economic value and scarcity. Basic concepts of economy: Production, production factors, consumption, savings, investment, division of labor. | |
| 3. Week | Basic concepts of economics: Opportunity cost, effectiveness, efficiency and profitability. Main problems of economy: Scarcity, economics and solution to the problem of scarcity. | |
| 4. Week | Demand analysis: Law of demand and factors affecting demand, flexibilities and usage areas. | |
| 5. Week | Demand analysis: Law of demand and factors affecting demand, flexibilities and usage areas. | |
| 6. Week | Supply analysis: Law of supply, supply function, elasticities and usage areas. | |
| 7. Week | Supply analysis: Law of supply, supply function, elasticities and usage areas. | |
| 8. Week | Supply analysis: Law of supply, supply function, elasticities and usage areas. | |
| 9. Week | Market types and price formation: Demand, supply and market balance under conditions of perfect competition, monopoly and imperfect competition. | |
| 10. Week | Short and long term production models: Short term production and costs, long term production and costs. | |
| 11. Week | Short and long term production models: Short term production and costs, production and costs in the long run. | |
| 12. Week | Firm equilibrium: Revenue, cost and profit functions. | |
| 13. Week | Firm equilibrium: Revenue, cost and profit functions. | |
| 14. Week | Firm equilibrium: Revenue, cost and profit functions. |
| Zeynel Dinler, İktisada Giriş, Ekin Yayınları, İstanbul, 2010. |
| Ünsal, E. M., 2016. “İktisada Giriş”, BB101 Yayınları, Ankara |
| Program Requirements | Contribution Level | DK1 | DK2 | DK3 | DK4 | DK5 | DK6 | DK7 | Measurement Method |
|---|---|---|---|---|---|---|---|---|---|
| PY1 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 60 |
| 0 | 1 | 2 | 3 | 4 | 5 | |
|---|---|---|---|---|---|---|
| Course's Level of contribution | None | Very Low | Low | Fair | High | Very High |
| Method of assessment/evaluation | Written exam | Oral Exams | Assignment/Project | Laboratory work | Presentation/Seminar |
| Event | Quantity | Duration (Hour) | Total Workload (Hour) |
|---|---|---|---|
| Course Hours | 14 | 3 | 42 |
| Midterm 1 | 1 | 35 | 35 |
| Quiz 1 | 1 | 15.5 | 15.5 |
| Final | 1 | 35 | 35 |
| Total Workload | 127.5 | ||
| ECTS Credit of the Course | 5.0 | ||
