Economics and Finance (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?: No
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) Defines the relationships of production, consumption, and distribution in economics; examines complex economic systems to identify trends, causal relationships, and the potential impacts of fiscal and monetary policies.
2) Follows current developments, proposes innovative solutions to economic and financial challenges by gathering information from multiple sources and contributes to decision-making processes.
3) Prepares comprehensive economic and financial plans by considering market conditions, organizational goals, and regulations and laws.
4) Designs and conducts empirical research using appropriate mathematical, statistical, and econometric tools, as well as data analysis software and financial modeling tools; processes, analyzes, and interprets economic and financial data.
5) Explains the functioning of the global economy; analyzes the international economic environment by evaluating international trade, capital flows, and exchange rate dynamics.
6) Effectively communicates economy and finance research through written, verbal, and digital communication tools in English.
7) Exhibits strategic thinking skills in economic and financial contexts; actively participates in collaborative projects and provides leadership.
8) Critically evaluates current economic issues and policy debates using evidence-based arguments.
9) Understands the relationship of the economy with nature and society, respects cultural and individual diversity, and makes conscious decisions on environmental sustainability and ethical responsibility.
10) Explains the structure and historical development of the Turkish economy; analyzes its position in the global economy.
11) Explains the historical background and philosophical foundations of economic theories; relates these theories to current economic events.

Relationship Between Course and Learning Outcome

No Effect 1 Lowest 2 Low 3 Medium 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Defines the relationships of production, consumption, and distribution in economics; examines complex economic systems to identify trends, causal relationships, and the potential impacts of fiscal and monetary policies.
2) Follows current developments, proposes innovative solutions to economic and financial challenges by gathering information from multiple sources and contributes to decision-making processes.
3) Prepares comprehensive economic and financial plans by considering market conditions, organizational goals, and regulations and laws.
4) Designs and conducts empirical research using appropriate mathematical, statistical, and econometric tools, as well as data analysis software and financial modeling tools; processes, analyzes, and interprets economic and financial data.
5) Explains the functioning of the global economy; analyzes the international economic environment by evaluating international trade, capital flows, and exchange rate dynamics.
6) Effectively communicates economy and finance research through written, verbal, and digital communication tools in English.
7) Exhibits strategic thinking skills in economic and financial contexts; actively participates in collaborative projects and provides leadership.
8) Critically evaluates current economic issues and policy debates using evidence-based arguments.
9) Understands the relationship of the economy with nature and society, respects cultural and individual diversity, and makes conscious decisions on environmental sustainability and ethical responsibility.
10) Explains the structure and historical development of the Turkish economy; analyzes its position in the global economy.
11) Explains the historical background and philosophical foundations of economic theories; relates these theories to current economic events.

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