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MICROECONOMICS PROGRAMME COURSE DESCRIPTION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
EKF207 MICROECONOMICS 3 3 3 6

GENERAL INFORMATION

Language of Instruction : Turkish
Level of the Course Unit : BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course : Compulsory
Mode of Delivery of the Course Unit Face to face
Coordinator of the Course Unit Prof.Dr. ÖMER GÜRKAN
Instructor(s) of the Course Unit Assist.Prof.Dr. KEMAL ERKİŞİ

OBJECTIVES AND CONTENTS

Objectives of the Course Unit: This course aims to give the student the ability to interpret the functioning of the economic system at the firm and individual level.
Contents of the Course Unit: Contents of the course include the subjects such as Production Possibilities Curve, Supply-Demand and Market equilibrium, Government Interferences, Consumer Balance and Market Types.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)

Explain the basic concepts and assumptions in microeconomics. (2)
Analyze consumer balance. (4)
Interpret the elasticities of Goods. (4)
Analyze producer equilibrium. (4)
Explain the product cost, short and long run all cost functions. (2)
Analyze the strategic behaviour of the perfect competition market, monopoly, monopolistic competition market and oligopoly markets. (4)

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY

Week Preparatory Topics(Subjects) Method
1 Reading the literature Economy, Economic Matters and Economic Analysis Lecturing & Question Answer & Problem Solving
2 Reading the literature Production Possibilities Curve and Economic Systems Lecturing & Question Answer & Problem Solving
3 Reading the literature Supply-Demand and Market Equilibrium Lecturing & Question Answer & Problem Solving
4 Reading the literature Supply-Demand and Market Equilibrium Lecturing & Question Answer & Analysis
5 Reading the literature Government Interferences Lecturing& Question Answer & Analysis
6 Reading the literature Activity in Perfect Competition Market Lecturing& Question Answer & Analysis
7 Reading the literature Consumer Balance and Demand (Cardinal Approach and Ordinal Approach) Lecturing& Question Answer & Analysis
8 Reading the literature Demand Elasticity Lecture & Question Answer & Problem Solving & Analysis & Discussion
8 - MID-TERM EXAM -
10 Reading the literature Production Technology Lecturing & Question Answer & Analysis
11 Reading the literature Production Cost Lecturing & Question Answer & Analysis
12 Reading the literature Production and Pricing in perfect competition Lecturing & Question Answer & Analysis
13 Reading the literature Production and Pricing in Monopoly Lecturing & Question Answer & Analysis
14 Reading the literature Production and Pricing in Monopolistic Competition Lecturing & Question Answer & Analysis
15 Reading the literature Production and Pricing in Oligopoly Lecturing & Question Answer & Analysis
16 - FINAL EXAM -
17 - FINAL EXAM -

SOURCE MATERIALS & RECOMMENDED READING

Erdal M. Ünsal. Mikro İktisat. Ankara: İmaj Publishing. 9th edition. 2012.
Dinler, Z.(2016).Mikro Ekonomi. Ekin Publiations. Bursa
http://journals.sagepub.com/home/mic

ASSESSMENT

Assessment & Grading of In-Term Activities Number of Activities Degree of Contribution (%) Description
Level of Contribution
0 1 2 3 4 5

CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES

KNOWLEDGE

Theoretical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Define the basic concepts of economics, administrative and human sciences. (Bloom 1)
1
2
Evaluate the economic environment and overall sustainability of firms. (Bloom 4)
3

KNOWLEDGE

Factual

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Relate principles and concepts of economics and finance with other disciplines. (Bloom 4)
2
2
Define principles, concepts, methods and theories related with economics and finance. (Bloom 1)
0

SKILLS

Cognitive

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Interpret the charts and tables related to the field. (Bloom 2)
3

SKILLS

Practical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Evaluate the theoretical models of economic policies which have direct or indirect effects by using the facts and dynamics of the economic system.(Bloom 4)
3
2
Analyze economic and financial reports. ((bloom 4)
2
3
Use basic mathematics, statistics and econometric methods and tools to solve economic and financial problems. (Bloom 3)
2
4
Interpret the operation of current economic, political and social events by using institutional information related with Economics and Finance.(Bloom 2)
3

OCCUPATIONAL

Autonomy & Responsibility

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Organize economic and financial activities in humanitarian and social terms with adherence to ethics. (Bloom 4).
1

OCCUPATIONAL

Learning to Learn

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Develop a critical perspective on national and international economic, political, social, financial and development problems. (bloom 6)
4

OCCUPATIONAL

Communication & Social

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Follow the agenda on economics, politics and social issues and improve himself/ herself. (bloom 6)
2

OCCUPATIONAL

Occupational and/or Vocational

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Analyze current issues and problems by using the structure and properties of Macro and Microeconomics and variables. (Bloom 4)
4
2
Evaluate the effectiveness of the general economic system and public policies and their effects on markets and basic economic variables.(Bloom 4)
3
3
Analyze the cause and effect relationships between the relevant economic variables. (Bloom 4)
4
4
Evaluate the expected trends and portfolio analyzes in interest and exchange rates within the framework of the general financial system. (Bloom 4)
3

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT

Workload for Learning & Teaching Activities

Type of the Learning Activites Learning Activities (# of week) Duration (hours, h) Workload (h)
Lecture & In-Class Activities 14 3 42
Preliminary & Further Study 14 2 28
Land Surveying 0 0 0
Group Work 0 0 0
Laboratory 0 0 0
Reading 10 2 20
Assignment (Homework) 7 2 14
Project Work 0 0 0
Seminar 0 0 0
Internship 0 0 0
Technical Visit 0 0 0
Web Based Learning 0 0 0
Implementation/Application/Practice 0 0 0
Practice at a workplace 0 0 0
Occupational Activity 0 0 0
Social Activity 0 0 0
Thesis Work 0 0 0
Field Study 0 0 0
Report Writing 0 0 0
Final Exam 1 1 1
Preparation for the Final Exam 4 8 32
Mid-Term Exam 1 1 1
Preparation for the Mid-Term Exam 2 8 16
Short Exam 0 0 0
Preparation for the Short Exam 0 0 0
TOTAL 53 0 154
Total Workload of the Course Unit 154
Workload (h) / 25.5 6
ECTS Credits allocated for the Course Unit 6,0