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| IKT1000 | Microeconomics | 3+0+0 | ECTS:5 | | Year / Semester | Fall Semester | | Level of Course | First Cycle | | Status | Compulsory | | Department | DEPARTMENT of BUSINESS | | Prerequisites and co-requisites | None | | Mode of Delivery | | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | -- | | Co-Lecturer | Dr. Lecturer Osman Murat TELATAR | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | To teach the introductory subjects of microeconomics through the using mathematical formulations and comparative method. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | learn fundamental economic concepts and principles. | 1,2,6,7 | 1, | | LO - 2 : | participate in debates on economic matters. | 1,2,6,7 | 1, | | LO - 3 : | analyse the roles of the market mechanism in allocating resources. | 1,2,6,7 | 1, | | LO - 4 : | explain the economic phenomenons and issues by economic terminology which are mentioned in daily language. | 1,2,6,7 | 1, | | LO - 5 : | ratiocinate the comprehend real world problems. | 1,2,6,7 | 1, | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome | | |
| Fundamental concepts and problems of economics, demand, consumer equilibrium, supply, producer equilibrium, demand and supply elasticities, cost analysis, perfect competition market, monopoly market, monopolistic competition and oligopoly markets, labour market, income distribution. |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Fundamental concepts of economics, scarcity problem, production possibility curve | | | Week 2 | Demand, demand function, supply, supply function, market equilibrium (graphical demonstration) | | | Week 3 | market equilibrium (mathematical demonstration), consumer surplus, producer surplus | | | Week 4 | Demand elasticities | | | Week 5 | Relationship between the price elasticity of demand and sales revenue, supply elasticities
| | | Week 6 | Analysis of consumer equilibrium
| | | Week 7 | Analysis of producer equilibrium | | | Week 8 | Cost analysis | | | Week 9 | Mid-term exam | | | Week 10 | Perfect competition market | | | Week 11 | Monopoly market | | | Week 12 | Monopolistic competition and oligopoly markets
| | | Week 13 | Comparative analysis of market types
| | | Week 14 | Labour market
| | | Week 15 | Income distribution
| | | Week 16 | End-of-term exam | | | |
| 1 | Dinler, Z. 2008; Mikro İktisat, Ekin Kitabevi, 28. Baskı, Bursa | | | |
| 1 | Berber, M. ve Bocutoğlu, E. 2016; Genel İktisada Giriş, Ekin Kitabevi, 6. Baskı, Bursa | | | 2 | Şenses, F. 2018; İktisada Farklı Bir Giriş, İletişim Yayınları, 2. Baskı, İstanbul | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 11/2021 | 1 | 50 | | End-of-term exam | 16 | 01/2022 | 1 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 3 | 14 | 42 | | Sınıf dışı çalışma | 6 | 14 | 84 | | Arasınav için hazırlık | 10 | 1 | 10 | | Arasınav | 1 | 1 | 1 | | Dönem sonu sınavı için hazırlık | 12 | 1 | 12 | | Dönem sonu sınavı | 1 | 1 | 1 | | Total work load | | | 150 |
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