TÜRKÇE
ENGLISH
Information
Course Goal / Objective
A deep understanding of price system and its relations with demand and supply analyses, understanding the decision making process of consumption and production and cost of production, the market system and the market structure, perfect and imperfect competition, the gains and losses of the market system to consumers and producers, policy development.
Course Content
Price system, demand and supply relations, consumer theory, producer theory and the cost of production, market structure and policies.
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Student understands the premium role played by the price system in economics. |
| LO02 | Student sets the relationship between the price system and international relations. |
| LO03 | Student uunderstands the role of demand and supply in economics. |
| LO04 | Student understands consumer theory and decision making process in consumption. |
| LO05 | Student learns production theory, decision making process in production and the cost of production. |
| LO06 | Students learns goods and services markets, factors of production and perfect and imperfect competition. |
| LO07 | Generally speaking, student tries to integrate the basic definations and subjects of microeconomics with international relations, and gains the ability of developing policy recommendations.. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | General view of microeconomics. | Review Introduction to Economics I. | |
| 2 | Theory and application for demand and supply. | Students should study the subjects before the lecture. | |
| 3 | Continue to week 2 programme. | Students should study before the lecture. | |
| 4 | Consumer theory | Students should study before the lecture. | |
| 5 | Consumer theory (continue) | Students should study before the lecture. | |
| 6 | Producer theory | Students should study before the lecture. | |
| 7 | Producer theory | Students should study before the lecture. | |
| 8 | Mid-Term Exam | Questions and answers | |
| 9 | Cost of production | Students should study before the lecture. | |
| 10 | Cost of production (continue) | Students should study before the lecture. | |
| 11 | Markets for goods, services, and factors of production. | Students should study before the lecture. | |
| 12 | Market type: Perfect competition. | Students should study before the lecture. | |
| 13 | Market type: Imperfect competition. | Students should study before the lecture. | |
| 14 | Market type: Imperfect competition (continue) | Students should study before the lecture. | |
| 15 | Microeconomics policies. | Students should study before the lecture. | |
| 16 | Term Exams | Questions and answers | |
| 17 | Term Exams | Questions and answers |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 10 | 10 |
| Final Exam | 1 | 10 | 10 |
| Total Workload (Hour) | 132 | ||
| Total Workload / 25 (h) | 5,28 | ||
| ECTS | 5 ECTS | ||