Economics (English)
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

General Introduction Information of the Course

Course Code:

ECON101

Ders İsmi:

Principles of Microeconomics

Ders Yarıyılı:

Fall

Ders Kredileri:

Theoretical	Practical	Credit	ECTS
3	0	3	6

Language of instruction:

TR-EN

Ders Koşulu:

Ders İş Deneyimini Gerektiriyor mu?:

Type of course:

Necessary

Course Level:

Bachelor

TR-NQF-HE:6. Master`s Degree

QF-EHEA:First Cycle

EQF-LLL:6. Master`s Degree

Mode of Delivery:

Face to face

Course Coordinator :

Dr. Serap SAĞIR GÜNEŞ

Course Lecturer(s):

Course Assistants:

Course Objectives and Content

Course Objectives:	The aim of the course is to teach basic elements and terminology of microeconomics. Besides, by taking this course, students are able to understand how market mechanism works through the demand and supply analysis and theories about consumer and firm behaviors.
Course Content:	-Principles of Economics and its Applications/ Economic methods and Problems -Economic methods and Problems/ Optimization -Demand, Supply and Market Equilibrium -Demand and Supply Applications -Elasticity -Household Behavior and Consumer Choice -The production process -Short/Long run costs -Input Demand/General Equilibrium -Monopoly/Oligopoly/Monopolistic Competition

Learning Outcomes

The students who have succeeded in this course;

Learning Outcomes

1 - Knowledge
Theoretical - Conceptual
1) Basic economic concepts and problems are explained.
2) To explain basic economic variables and how they interact
3) Possess theoretical and practical knowledge supported by textbooks with updated information, practice equipments and other resources.
2 - Skills
Cognitive - Practical
1) Interpreting the figures and ability to work with figures in economics
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Course Weekly Plan

Week	Subject	Related Preparation
1)	Principles of Economics and its Applications/ Economic methods and Problems	“Mikroekonomi”, Daron Acemoğlu, David Laibson, John A. List, editör: Asena Caner, Beta Basım Yayın Dağıtım (AŞ), 2016
2)	Economic methods and Problems/ Optimization	“Mikroekonomi”, Daron Acemoğlu, David Laibson, John A. List, editör: Asena Caner, Beta Basım Yayın Dağıtım (AŞ), 2016
3)	Demand, Supply and Market Equilibrium	“Principles of Economics”, Karl E. Case, Ray C. Fair, Sharon E. Oster, Pearson, 12. Edition
4)	Demand and Supply Applications	“Principles of Econo0mics”, Karl E. Case, Ray C. Fair, Sharon E. Oster, Pearson, 12. Edition
5)	Elasticity	“Principles of Economics”, Karl E. Case, Ray C. Fair, Sharon E. Oster, Pearson, 12. Edition
6)	Household Behavior and Consumer Choice	“Principles of Economics”, Karl E. Case, Ray C. Fair, Sharon E. Oster, Pearson, 12. Edition
7)	Consumer Behavioyr and Consumer Choice	“Principles of Economics”, Karl E. Case, Ray C. Fair, Sharon E. Oster, Pearson, 12. Baskı
8)	Midterm exam
9)	The production process	“Principles of Economics”, Karl E. Case, Ray C. Fair, Sharon E. Oster, Pearson, 12. Edition
10)	Short/Long run costs	“Principles of Economics”, Karl E. Case, Ray C. Fair, Sharon E. Oster, Pearson, 12. Edition
11)	Input Demand	“Principles of Economics”, Karl E. Case, Ray C. Fair, Sharon E. Oster, Pearson, 12. Edition
12)	General Equilibrium	“Principles of Economics”, Karl E. Case, Ray C. Fair, Sharon E. Oster, Pearson, 12. Baskı
13)	Monopoly/Oligopoly/Monopolistic Competition	“Principles of Economics”, Karl E. Case, Ray C. Fair, Sharon E. Oster, Pearson, 12. Edition
14)	Monopoly/Oligopoly/Monopolistic Competition	“Principles of Economics”, Karl E. Case, Ray C. Fair, Sharon E. Oster, Pearson, 12. Baskı
15)	Monopoly/Oligopoly/Monopolistic Competition	“Principles of Economics”, Karl E. Case, Ray C. Fair, Sharon E. Oster, Pearson, 12. Baskı
16)	Final Exam

Sources

Course Notes / Textbooks:	“Ekonominin İlkeleri”, Karl E. Case, Ray C. Fair, Sharon E. Oster, Pearson, 12. Baskı, Çeviri Editörleri: Ertuğrul Deliktaş, Metin Karadağ, Mehmet Güçlü, Palme Yayınevi “Mikroekonomi”, Daron Acemoğlu, David Laibson, John A. List, editör: Asena Caner, Beta Basım Yayın Dağıtım (AŞ), 2016 (İlk iki hafta/ the first two weeks)
References:	“Mikro Ekonomi”, Zeynel Dinler, Ekin Kitabevi, 2019 “Mikro İktisat”, Erdal Ünsal, Bigbang Yayınları, 2014

Relationship Between Course and Program Learning Outcomes

Course Learning Outcomes	1	3	4	2
Program Outcomes
1) consciously manage written, verbal, visual communication and interaction by integrating quantitative and qualitative data, and have the ability to influence their social circle.
2) critically evaluate the knowledge and skills, norms and standards acquired in the field.
3) gain the competence of resolving, evaluating, criticizing, managing with peaceful methods, and offering opinions and solutions to disagreements and conflicts
4) work independently, take initiative, take responsibilities and make decisions.
5) know how to work together, take duties and responsibilities, and lead the team when necessary.
6) follow digital transformation and use information and communication technologies competently.
7) gain the awareness of lifelong learning, manage personal and social learning.
8) think strategically and innovatively in related fields as well as in their social circle, and act with an entrepreneurial approach.
9) gain awareness of social rights, ethical and social responsibility.
10) accept cultural diversity as a value and support strengthening social consciousness.
11) gain communication competence in English at least A2 level in line with the European Language Framework (Communication competence in English is at least B1 level in programs where medium of instruction is English).
12) Explain and evaluate the structure and performance of Turkish economy by periods
13) Understand the connections of economics discipline with natural and social sciences
14) Gain skills of making quantitative analysis and abstraction of the economic problems via mathematical methods
15) Understand and explain the basic problems of all societies and economic systems which offers solutions to these
16) Explain and evaluate the course of world economy and the position of Turkey in the world economy
17) Understand the historical background and philosophical fundamentals of economic theories
18) Evaluate historically the determinants of poverty and wealth of the societies
19) Understand and evaluate the fact that economics is a social science which analyses the production, consumption and division relations.
20) Internalize the basic economic concepts by learning their correspondents in the life
21) Gain skills of understanding, gathering data and making prediction by building models with data
22) Have awareness on the topics of normative economics such as rights, values and ethical issues
23) Evaluate the life and society without prejudice by the perspective of economics as a plural science

Relationship Between Course and Learning Outcome

No Effect	1 Lowest	2 Low	3 Medium	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	consciously manage written, verbal, visual communication and interaction by integrating quantitative and qualitative data, and have the ability to influence their social circle.
2)	critically evaluate the knowledge and skills, norms and standards acquired in the field.
3)	gain the competence of resolving, evaluating, criticizing, managing with peaceful methods, and offering opinions and solutions to disagreements and conflicts
4)	work independently, take initiative, take responsibilities and make decisions.
5)	know how to work together, take duties and responsibilities, and lead the team when necessary.
6)	follow digital transformation and use information and communication technologies competently.
7)	gain the awareness of lifelong learning, manage personal and social learning.
8)	think strategically and innovatively in related fields as well as in their social circle, and act with an entrepreneurial approach.
9)	gain awareness of social rights, ethical and social responsibility.
10)	accept cultural diversity as a value and support strengthening social consciousness.
11)	gain communication competence in English at least A2 level in line with the European Language Framework (Communication competence in English is at least B1 level in programs where medium of instruction is English).
12)	Explain and evaluate the structure and performance of Turkish economy by periods
13)	Understand the connections of economics discipline with natural and social sciences
14)	Gain skills of making quantitative analysis and abstraction of the economic problems via mathematical methods
15)	Understand and explain the basic problems of all societies and economic systems which offers solutions to these
16)	Explain and evaluate the course of world economy and the position of Turkey in the world economy
17)	Understand the historical background and philosophical fundamentals of economic theories
18)	Evaluate historically the determinants of poverty and wealth of the societies
19)	Understand and evaluate the fact that economics is a social science which analyses the production, consumption and division relations.
20)	Internalize the basic economic concepts by learning their correspondents in the life
21)	Gain skills of understanding, gathering data and making prediction by building models with data
22)	Have awareness on the topics of normative economics such as rights, values and ethical issues
23)	Evaluate the life and society without prejudice by the perspective of economics as a plural science

Learning Activities and Teaching Methods

Anlatım
Course
Homework
Problem Çözme
Soru cevap/ Tartışma
Örnek olay çalışması

Assessment and Evaluation Methods and Criteria

Yazılı Sınav (Açık uçlu sorular, çoktan seçmeli, doğru yanlış, eşleştirme, boşluk doldurma, sıralama)

Assessment & Grading

Semester Requirements	Number of Activities	Level of Contribution
Homework Assignments	2	% 30
Midterms	1	% 30
Final	1	% 40
total		% 100
PERCENTAGE OF SEMESTER WORK		% 60
PERCENTAGE OF FINAL WORK		% 40
total		% 100

Workload and ECTS Credit Calculation

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	14	3	42
Study Hours Out of Class	13	1	13
Homework Assignments	1	30	30
Midterms	1	30	30
Final	1	35	35
Total Workload			150