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

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