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MICROECONOMICS PROGRAMME COURSE DESCRIPTION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
BAY213 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 -
Coordinator of the Course Unit Assoc.Prof. HAKAN ÖZCAN
Instructor(s) of the Course Unit Assoc.Prof. ALİ ÇELİK
Course Prerequisite No

OBJECTIVES AND CONTENTS

Objectives of the Course Unit: This course aims to provide the knowledge and skills to enable examining and analyzing micro economics in theory and practice
Contents of the Course Unit: Contents of the course include the subjects as in market mechanism, supply and demand theory and market balance, examining of economic analysis on individual and firm basis, Obtaining consumer balance according to Cardinal Benefit approach and criticism of this approach, ordinal utility approach and its characteristics with indifference curves, budget line and consumer balance in ordinal utility approach, investigation of the effects of changes in goods prices and income, goods markets, full competition market, short and long term balances, types of market intervention and application examples

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

Explain the factors affecting consumer and firm behavior
Demonstrate the functional relations of microeconomic variables by using a graph
Demonstrate changes in functions as in supply, demand and cost
Illustrate cause-and-effect relationships between economic variables
Relate acquired knowledge with macro economics

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY

Week Preparatory Topics(Subjects) Method
1 - Introduction to Microeconomics, definitions, concepts Lecture & Discussion & Case Methods, Interactive Web Tools
2 Reading the related subjects in the course book, following developments, macroeconomic data and markets Market Mechanism, Supply and Demand Theory and Market Balance Lecture & Discussion & Case Methods, Interactive Web Tools
3 Reading the related subjects in the course book, following developments, macroeconomic data and markets Obtaining consumer balance according to Cardinal Benefit approach and criticism of this approach. Ordinal Utility Approach and its Characteristics with Indifference Curves Lecture & Discussion & Case Methods, Interactive Web Tools
4 Reading the related subjects in the course book, following developments, macroeconomic data and markets Budget Line and Consumer Balance in Ordinal Utility Approach Lecture & Discussion & Case Methods, Interactive Web Tools
5 Reading the related subjects in the course book, following developments, macroeconomic data and markets Investigation of the Effects of Changes in Goods Prices and Income over Budget and Balance, Demand Function Variables, Movement on Demand Curve and Displacement of Demand Curve Lecture & Discussion & Case Methods, Interactive Web Tools
6 Reading the related subjects in the course book, following developments, macroeconomic data and markets Individual's demand curve, Price elasticity of demand, point elasticity, Private demand curves with various features, Elasticity, Price variations, Consumer expenditures Lecture & Discussion & Case Methods, Interactive Web Tools
7 Reading the related subjects in the course book, following developments, macroeconomic data and markets Cross elasticity, income elasticity, Introduction to production theory Lecture & Discussion & Case Methods, Interactive Web Tools
8 - MID-TERM EXAM -
9 Reading the related subjects in the course book, following developments, macroeconomic data and markets Review of Lecture Lecture & Discussion & Case Methods, Interactive Web Tools
10 Reading the related subjects in the course book, following developments, macroeconomic data and markets Classification of production factors. Concepts and Laws on Short Run Production Function and Related Concepts and Laws Lecture & Discussion & Case Methods, Interactive Web Tools
11 Reading the related subjects in the course book, following developments, macroeconomic data and markets Long Run production analyses- isoquant curves – isocost line - balance representation (optimal factor composition) Lecture & Discussion & Case Methods, Interactive Web Tools
12 Reading the related subjects in the course book, following developments, macroeconomic data and markets Cost Analyses – Short and Long Run cost curves and description of economies of scale and externality together with related concepts Lecture & Discussion & Case Methods, Interactive Web Tools
13 Reading the related subjects in the course book, following developments, macroeconomic data and markets Supply, Firm Short run supply function, description of profit maximization, elasticity and curves of supply Lecture & Discussion & Case Methods, Interactive Web Tools
14 Reading the related subjects in the course book, following developments, macroeconomic data and markets Supply, Firm Short run supply function, description of profit maximization, elasticity and curves of supply Lecture & Discussion & Case Methods, Interactive Web Tools
15 Reading the related subjects in the course book, following developments, macroeconomic data and markets Goods markets, full competition market, short and long term balances, types of market intervention and application examples Lecture & Discussion & Case Methods, Interactive Web Tools
16 - FINAL EXAM -
17 - FINAL EXAM -

SOURCE MATERIALS & RECOMMENDED READING

Begg, D., Fischer, S. ve Dornbusch, R. (1991). Microeconomics. 3rd Edition. Berkshire: McGraw-Hill Book Company
Sloman, J. (2004). Iktisat Mikro. Istanbul: Bilim Teknik Yayıncılık
Acemoglu, D. (2016). Mikro Iktisat. First Edition. Istanbul: Beta Yayınları
Dinle, Z. (2017). Mikro Ekonomi. Bursa: Ekin Yayınları
Unsal, E. (2017). Mikro Iktisat. Ankara: Murat Yayınları

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 basic concepts related with banking, insurance and finance
5
2
Relates the theoretical and practical knowledge in the field to economics, business, law, statistics, accounting and marketing
3

KNOWLEDGE

Factual

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Relate banking and insurance applications to financial theories, mathematical and statistical methods.
5
2
Relate the information and facts in the field with other social sciences such as law, sociology, philosophy and history.
3

SKILLS

Cognitive

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Explain the planning and implementation process in banking and insurance transactions.
5
2
Provide solutions for the problems encountered in banking and insurance transactions.
5

SKILLS

Practical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Use theoretical and practical knowledge in the field of banking and insurance transactions.
5
2
By analyzing economic data accurately, manage savings and portfolio investments to minimize financial risks.
5

OCCUPATIONAL

Autonomy & Responsibility

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
He/She works as a leader or a team member in a teamwork from the planning of the banking transactions to the implementation and performs the task assigned to them within the team.
5

OCCUPATIONAL

Learning to Learn

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Gain the basic knowledge necessary for the planning process of banking and insurance activities and human resources performance management.
4
2
Use the computer programs related with field in banking and insurance transactions.
4

OCCUPATIONAL

Communication & Social

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Cooperate to bring innovative ideas to the stakeholders in the sector using banking insurance-related databases, information and communication technologies.
4
2
Research on scientific, sectoral developments and innovations related to the field with lifelong learning as a principle.
5

OCCUPATIONAL

Occupational and/or Vocational

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Analyze financial data related to his / her field.
5
2
Apply knowledge and skills related to his / her field by taking into account his legal, social and ethical responsibilities.
5

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 6 2 12
Assignment (Homework) 10 2 20
Project Work 0 0 0
Seminar 0 0 0
Internship 0 0 0
Technical Visit 0 0 0
Web Based Learning 5 2 10
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 5 5 25
Mid-Term Exam 1 1 1
Preparation for the Mid-Term Exam 3 3 9
Short Exam 0 0 0
Preparation for the Short Exam 0 0 0
TOTAL 59 0 148
Total Workload of the Course Unit 148
Workload (h) / 25.5 5,8
ECTS Credits allocated for the Course Unit 6,0