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 :	, TYY: + , EQF-LLL: , QF-EHEA:
Type of the Course :	Compulsory
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit
Instructor(s) of the Course Unit
Course Prerequisite	No

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.
Analyze consumer theory.
Interpret the elasticities of goods.
Analyze producer equilibrium.
Explain the product cost, short and long run all cost functions.
Analyze the strategic behaviour of the perfect competition market, monopoly, monopolistic competition market and oligopoly markets.

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Reading	Introduction to Microeconomics, Basic Definitions and Concepts	Lecture & Question and Answer & Discussion
2	Reading	Price Mechanism, Demand, Demand Curve, Demand Law, Demand Function	Lecture & Question and Answer & Discussion
3	Reading	Giffen Paradox, Demand Shift, Demand Elasticity	Lecture & Question and Answer & Discussion
4	Reading	Demand Elasticity, Point Elasticity, Arc Elasticity, Income Elasticity	Lecture & Question and Answer & Discussion
5	Reading	Price Elasticity of Demand and Consumption Expenditures, Supply, Supply Curve, Law of Supply, Supply Function, Supply Change, Supply Shift, Supply Elasticity	Lecture & Question and Answer & Discussion
6	Reading	Supply Elasticity, Point Elasticity, Arc Elasticity, Cross Elasticity, Market Equilibrium	Lecture & Question and Answer & Discussion
7	Reading	Supply Elasticity, Point Elasticity, Arc Elasticity, Cross Elasticity, Market Equilibrium, Production Possibility Frontier	Lecture & Question and Answer & Discussion
8	Reading	Some Applications According to Demand-Supply-Elasticity Concepts (Black Market Price of Consumer and Producer Surplus, King's Law, Cobweb Theorem)	Lecture & Question and Answer & Discussion
9	Reading	The Problem of Measurability of Utility and Determination of Preference Order, Cardinal Utility Approach, Ordinal Utility Approach	Lecture & Question and Answer & Discussion
10	-	MID-TERM EXAM	-
10	-	MID-TERM EXAM	-
11	Reading	The Problem of Measurability of Utility and Determination of Order of Preference, Cardinal Utility Approach, Ordinal Utility Approach	Lecture & Question and Answer & Discussion
12	Reading	Ordinal Utility Approach (Indifference Curves, Budget Line and Consumer Equilibrium) and Ordinal Utility Approach (Indifference Curves, Budget Line and Consumer Equilibrium), Producer Theory (Law of Diminishing Returns, Co-Product Curves, Co-Cost Lines, Producer Equilibrium)	Lecture & Question and Answer & Discussion
13	Reading	Perfect Competition Market	Lecture & Question and Answer & Discussion
14	Reading	Monopoly Market	Lecture & Question and Answer & Discussion
15	Reading	General Review	Lecture & Question and Answer & Discussion
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Erdal M. Ünsal. (2017). Mikro İktisat. Gözden Geçirilmiş 11. Baskı. Ankara: Murat Yayınları.

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method
Mid-Term Exam	1	50		Classical Exam
Final Exam	1	50		Classical Exam
TOTAL	2	100

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Describe basic theories of microeconomics and macroeconomics by benefiting from assumptions and axioms.						5
2	Recognize the entries in the book and financial balance sheet of the business organization.				3
3	Define concepts, theories and principles of basic and subfields of international trade by adhering to the background knowledge.					4

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Summarize historical development of the international trade theories by adhering to the chronological order.		1
2	Use theoretical knowledge gained in the field of international trade in occupational practices and daily life.				3
3	Solve financial and legal problems confronted in international trade practices.			2

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate statistical raw data by benefiting from computer programs and relate data with one another in consideration of theoretical knowledge.					4
2	Evaluate developments in the world in consideration of common courses in the faculty with an intellectual perspective.						5

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpret current events and facts in international trade based on advanced knowledge and skills from an analytical and systematic holistic view.					4

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate knowledge about economic globalization and internationalization with current knowledge in the field.				3

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Examine current economic policies applied over the gained advanced knowledge and skills by a critical approach.						5

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain demands in written or verbally by using the foreign language skill in business and social life effectively.			2
2	Tell knowledge, thoughts and solution offers regarding subjects in international trade to relevant stakeholders demands in written or verbally.				3
3	Design a healthy communication network for themselves in the business world by using social life skills.					4

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze current issues, events and problems by benefiting from theoretical and historical knowledge of international trade and economics.			2
2	Develop suggestions for international trade policies by determining economic problems in the macro level.			2
3	Apply commercial applications in consideration of knowledge gained in financing and management of international trade by being inclusive of international market			2
4	Discuss the effects of commercial and financial globalization processes on the income distribution, by benefiting from data.				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