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Description of Individual Course Units| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İŞL201B2 | Microeconomics | Compulsory | 2 | 3 | 5 |
| | Level of Course Unit | | First Cycle | | Objectives of the Course | | To give students an introduction to micro and market economics and to increase their skill level in analyzing various economic approaches | | Name of Lecturer(s) | | Doç. Dr. ŞADUMAN YILDIZ | | Learning Outcomes | | 1 | learn fundamental economic concepts and principles. | | 2 | participate in debates on economic matters. | | 3 | analyze roles of the market mechanism in allocating resources. | | 4 | translate economic events and issues which are described in daily language to the language of economic literature. | | 5 | apply reasoning to better understand real world issues. |
| | Mode of Delivery | | Normal Education | | Prerequisites and co-requisities | | None | | Recommended Optional Programme Components | | None | | Course Contents | | Subject of economics, definition of economics, economic systems, main concepts, methods used in economics, circular flow of economic activity, market, demand, supply and price mechanism, consumer's equilibrium and changes in consumer's equilibrium, introduction to macroeconomics | | Weekly Detailed Course Contents | |
| 1 | Principles of economics, definition of economics,subject of economics,economic systems,main concepts, methods used in economics | | | | 2 | The economic problem, scarcity and choice, opportunity cost | | | | 3 | Demand, demand functions, market demand curve, changes in income, changes in a good's price, changes in the price of another good, compensated demand | | | | 4 | Supply, supply function, market supply curve | | | | 5 | Market equilibrium, equilibrium price,effects on price of shifts in the demand curve, effects on price of shifts in the supply curve | | | | 6 | Elasticity of demand, price elasticity of demand, income elasticity of demand, cross-price elasticity of demand | | | | 7 | Elasticity of supply | | | | 8 | Applications of supply, demand and elacticity | | | | 9 | Mid-term exam | | | | 10 | Price controls | | | | 11 | Theories of consumer behavior, utility, the law of diminishing marginal utility, cardinal and ordinal utility, indifference curves, characteristics of indifference curves, marginal rate of substitution, budget line | | | | 12 | The equilibrium of the consumer, changes in consumer equilibrium, quiz | | | | 13 | Theory of production, production functions, total product, average product, marginal product, the optimal combination of inputs in the short run | | | | 14 | Isoquant curves, rate of technical substitution, the economic region of production, returns to scale, input substitution, isoquant line,the optimal combination of inputs in the long run | | | | 15 | Measuring the national income,money,functions of money, money supply, money demand, international economic relations | | | | 16 | End-of-term exam | | |
| | Recommended or Required Reading | | Ünsal, E. (2011) Mikro İktisat , İmaj Yayıncılık, Ankara. | | Planned Learning Activities and Teaching Methods | | | Assessment Methods and Criteria | |
| Midterm Examination | 1 | 40 | | SUM | 40 | |
| Final Examination | 1 | 100 | | Individual Study for Final Examination | 1 | 60 | | SUM | 160 | | 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 | 3 | 42 | | Individual Study for Mid term Examination | 1 | 20 | 20 | | Individual Study for Final Examination | 1 | 35 | 35 | |
| Contribution of Learning Outcomes to Programme Outcomes | | LO1 | 1 | 3 | 1 | 2 | 3 | 4 | 5 | 4 | 1 | 3 | | LO2 | 2 | 2 | 3 | 1 | 3 | 2 | 3 | 3 | 1 | 2 | | LO3 | 1 | 1 | 2 | 2 | 4 | 4 | 3 | 3 | 2 | 3 | | LO4 | 2 | 1 | 2 | 1 | 2 | 3 | 3 | 2 | 2 | 2 | | LO5 | 3 | 3 | 3 | 5 | 5 | 4 | 5 | 4 | 4 | 3 |
| | * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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