TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| BUSINESS ADMINISTRATION PR. (ENGLISH) | |
| Code | ECOZ205 |
| Name | Microeconomics |
| Term | 2019-2020 Academic Year |
| Semester | 3. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Öğr. Gör.Dr. MURAT PÜTÜN |
| Course Instructor |
Öğr. Gör.Dr. MURAT PÜTÜN
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
Microeconomics will be taught in the fall term. Microeconomics deals with micro units in economics such as individual or households, firms (big or small), and the relationships between them. As supply, demand, scarcity, efficiency and productivity, the price system, households, firms, markets (perfectly competitive or imperfectly competitive or factors of production) was taught, the way we get rational decisions, and rational choice will be analysed.
Course Content
In this modüle, problems of economic systems, economic events, sides of economic events and their modes of behaviors, consumer theory and profit maximization, profit maximization theory of the firm, firms decision-making processes in different markets and the factor markets will be analyzed.
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Have a basic understanding of basic economic terms such as scarcity, choice, efficiency, opportunity cost, factors of production, supply, demand, profit, cost, the price system, wage, interest, rate, rent. |
| LO02 | Gain the ability of understanding the consumer behavior, consumption, decision and consumer choice, the role of income and price on these subjects. Understand production decision by firm, factors of production and cost of production, short and long term decisions and short and long term costs, and their impacts on profits. |
| LO03 | Gain knowledge about functions of markets in economy, perfect and imperfect competition, and their importance on consumer wealth, along with policy options to correct the markets. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | List and define the concepts of business management, and explain their relation to each other | 3 |
| PLO02 | - | List and define the fundamental conceptual models, numerical and statistical techniques of business administartion; identify their advantages and disadvantages | 3 |
| PLO03 | - | List and define the relationship between the basic concepts of economy and business management; indicates strong and weak sides of each method. | 4 |
| PLO04 | - | Explain how to create the fundamental conceptual models, and how to apply numerical and statistical techniques that are used in business administration | 4 |
| PLO05 | - | Explain how to create the fundamental conceptual models and how to apply numerical and statistical techniques that are used in business administration. | 2 |
| PLO06 | - | Follow the basic steps of business management methods and apply them | 4 |
| PLO07 | - | Determine appropriate methods to solve business problems | 4 |
| PLO08 | - | Evaluate the results that are obtained from applications of business management methods. | 3 |
| PLO09 | - | Use basic numerical and statistical softwares. | 4 |
| PLO10 | - | Use basic enterprise resource planning (ERP) softwares | 4 |
| PLO11 | - | Take initiative individually or/and as a member of a team, lead and work effectively | 3 |
| PLO12 | - | Follow the latest developments in the field, and sustain personal and professional development with the awareness of the necessity of lifelong learning | 5 |
| PLO13 | - | Use different resources in accordance with academic principles, synthesize the data gathered, and present them effectively in an unfamiliar field | 4 |
| PLO14 | - | Use different resources in accordance with academic principles, synthesize the data gathered, and present them effectively in an unfamiliar field | 4 |
| PLO15 | - | Use Turkish and at least one foreign language in accordance with the prerequisities of academic and business context | 0 |
| PLO16 | - | Perceive and interpret feelings, ideas and behaviours of people appropriately, and express himself/herself accurately in written or oral form | 3 |
| PLO17 | - | Question traditional approaches, methods and implementations; develop and implement alternative methods when required | 4 |
| PLO18 | - | Recognize and apply social, scientific and professional ethical values. | 5 |
| PLO19 | - | Determine the most appropriate approaches, implementations and methods of business management considering sectors, their sizes, resources, cultures, goals and objectives. | 5 |
| PLO20 | - | Monitor external factors such as industrial structures, competition, technologies, economics, politics, cultures that affect the activities of businesses and interpret their impact on businesses. | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Markets and price system. | reading | |
| 2 | Markets and price system. | reading | |
| 3 | Producers, consumers and competitive markets. | reading | |
| 4 | Utility, budget constraints choice. | reading | |
| 5 | Utility, budget constraints choice. | reading | |
| 6 | Demand, revealed preferences, Slutsky Equation. | reading | |
| 7 | Buying-selling, intertemporal choices. | reading | |
| 8 | mid term | prepare to exam | |
| 9 | Asset Markets | reading | |
| 10 | Choice under uncertanity | reading | |
| 11 | Consumer surplus | reading | |
| 12 | Cost minimization, cost curves | reading | |
| 13 | Cost minimization, cost curves | reading | |
| 14 | Firm supply, indutry supply | reading | |
| 15 | General assessment | reading | |
| 16 | final exam | prepare to exam | |
| 17 | final exam | prepare to exam |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
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 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||