| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | MA109B2 | Micro Economy | Compulsory | 1 | 1 | 4 |
|
| Level of Course Unit |
| Short Cycle |
| Objectives of the Course |
| To anable Students acquire basic knowledge in economics and micro-economic units for the analysis of economic behaviours,product and service market, formation of price in production factors market. |
| Name of Lecturer(s) |
| Öğr.Gör. İbrahim MUSABAŞOĞLU |
| Learning Outcomes |
| 1 | Being able to learn basic concepts in economics | | 2 | Being able to Determine the objectives and the needs of economic units | | 3 | Being able to learn basic Dynamics of economic activity | | 4 | Being able to comprehed and compare the organizationof economics and economic systems | | 5 | Being able to learn the composition of the supply and demand level and Price Theory | | 6 | Being able to learn the concepts and types of supply and demand elasticity | | 7 | Being able to comprehed formation of price and balance | | 8 | Being able to learn about the consumer Equilibrium Analysis, Cost Theory, Cost Types of company and Balance Analysis | | 9 | Being able to classify types of market and to do profitability analysis | | 10 | Being able to get more knowledge about production factors and the marketing of production factors |
|
| Mode of Delivery |
| Normal Education |
| Prerequisites and co-requisities |
| None |
| Recommended Optional Programme Components |
| None |
| Course Contents |
| Basic Concepts: Need, good and service, consumption, production, factors for production and economic units. Theory of Price: Supply and demand. Theory of Consumer: Indifference curves, budget line, marginal rate of substitution, consumer's optimum and changes in consumer's optimum. Theory of Producer: Iso-quant curves, iso-cost line, marginal technical rate of substitution, producer's optimum and changes in producer's optimum. Costs for Production and Revenue: Fixed costs, variable costs, total cost, marginal cost and average costs; Total revenue, average revenue and marginal revenue. Firm's optimum in perfect competition and imperfect competition markets. |
| Weekly Detailed Course Contents |
|
| 1 | Basic concepts related with Economics | | | | 2 | Basic dynamics of the economic activity | | | | 3 | Analysis of solution and the objectives and the needs of economic agents | | | | 4 | The organization of Economics and the Economic Systems | | | | 5 | The composition of the demand level and Price Theory | | | | 6 | The level of supply and Price Theory | | | | 7 | The concepts and types of demand and supply elasticity | | | | 8 | Midterm | | | | 9 | The formation of market and market equilibrium | | | | 10 | Consumer's equilibrium in accordance with Utility Theory | | | | 11 | Theory and analysis of equilibrium and types of costs in accordance with Cost Theory | | | | 12 | Typers of market | | | | 13 | Profitability Analysis | | | | 14 | Profitability Analysis | | | | 15 | Analysis of production factors and market | | |
|
| Recommended or Required Reading |
| Entry into business- Prof.Dr.Tümay ERTEK |
| Planned Learning Activities and Teaching Methods |
|
| Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
|
| Workload Calculation |
|
| Midterm Examination | 1 | 1 | 1 |
| Final Examination | 1 | 2 | 2 |
| Attending Lectures | 14 | 3 | 42 |
| Self Study | 14 | 1 | 14 |
| Individual Study for Mid term Examination | 4 | 3 | 12 |
| Individual Study for Final Examination | 7 | 3 | 21 |
| Reading | 14 | 1 | 14 |
|
| Contribution of Learning Outcomes to Programme Outcomes |
| LO1 | 2 | 4 | 2 | 3 | 3 | 3 | 1 | 2 | | | LO2 | 2 | 4 | 2 | 3 | 3 | 3 | 1 | 2 | | | LO3 | 2 | 4 | 2 | 3 | 3 | 3 | 1 | 2 | | | LO4 | 2 | 4 | 2 | 3 | 3 | 3 | 1 | 2 | | | LO5 | 2 | 4 | 2 | 3 | 3 | 3 | 1 | 2 | | | LO6 | 2 | 4 | 2 | 3 | 3 | 3 | 1 | 2 | | | LO7 | 2 | 4 | 2 | 3 | 3 | 3 | 1 | 2 | | | LO8 | 2 | 4 | 2 | 3 | 3 | 3 | 1 | 2 | | | LO9 | 2 | 4 | 2 | 3 | 3 | 3 | 1 | 2 | | | LO10 | 2 | 4 | 2 | 3 | 3 | 3 | 1 | 2 | |
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| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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