| School/Faculty/Institute | Faculty of Economics, Administrative and Social Sciences | ||||
| Course Code | ECON 101 | ||||
| Course Title in English | Microeconomics | ||||
| Course Title in Turkish | Mikroekonomi | ||||
| Language of Instruction | EN | ||||
| Type of Course | Flipped Classroom | ||||
| Level of Course | Select | ||||
| Semester | Fall | ||||
| Contact Hours per Week |
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| Estimated Student Workload | 130 hours per semester | ||||
| Number of Credits | 5 ECTS | ||||
| Grading Mode | Standard Letter Grade | ||||
| Pre-requisites | None | ||||
| Expected Prior Knowledge | None | ||||
| Co-requisites | None | ||||
| Registration Restrictions | Only undergraduate students | ||||
| Overall Educational Objective | Understand basic microeconomic concepts and ideas about how the economy works at the micro level. | ||||
| Course Description | This course introduces micro-theory and its application to economic analysis. It covers the “neoclassical” theory of microeconomics. Topics include international trade, supply and demand, elasticity, efficiency, market failures, the effect of government on markets, cost curves, and firm behavior under different market structures. | ||||
| Course Description in Turkish | Bu ders, mikro-teoriyi ve onun ekonomik analize uygulanmasını tanıtmakta ve mikroekonominin “neoklasik” teorilerini kapsamaktadır. İşlenecek konular arasında uluslararası ticaret, tedarik ve talep, esneklik, verimlilik, piyasa başarısızlıkları, hükümetin piyasalar üzerindeki etkisi, maliyet eğrileri ve firmaların farklı piyasa yapısı altındaki davranışları yer almaktadır. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) Develop an understanding of basic microeconomic concepts and ideas about how the economy works at the micro level 2) Compute gains from international trade 3) Understand the law of demand and supply and factors changing supply and demand; evaluate equilibrium in markets with different elasticities 4) Describe efficiency of markets and failures to efficiency; evaluate the results of government interventions to the markets 5) Identify cost curves and decision-making processes of firms in different market structures |
| Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| 1) Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. | |||||
| 2) Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. | |||||
| 3) Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. | |||||
| 4) Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. | |||||
| 5) Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. | |||||
| 6) Internalization and dissemination of professional ethical standards. | |||||
| 7) Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. | |||||
| 8) Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). | |||||
| 9) Recognition, understanding, and respect for the complexity of sociocultural and international diversity. | |||||
| 10) Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. | |||||
| 11) Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. | |||||
| 12) Ability to acquire knowledge independently, and to plan one’s own learning. | |||||
| 13) Demonstration of advanced competence in the clarity and composition of written work and presentations. |
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. | N | |
| 2) | Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. | N | |
| 3) | Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. | H | Exam,HW,Participation |
| 4) | Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. | N | |
| 5) | Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. | N | |
| 6) | Internalization and dissemination of professional ethical standards. | N | |
| 7) | Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. | N | |
| 8) | Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). | N | |
| 9) | Recognition, understanding, and respect for the complexity of sociocultural and international diversity. | S | Participation |
| 10) | Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. | S | HW,Participation |
| 11) | Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. | N | |
| 12) | Ability to acquire knowledge independently, and to plan one’s own learning. | S | Exam,HW |
| 13) | Demonstration of advanced competence in the clarity and composition of written work and presentations. | H | Exam,HW |
| Prepared by and Date | DİLA ASFUROĞLU , November 2023 |
| Course Coordinator | DİLA ASFUROĞLU |
| Semester | Fall |
| Name of Instructor | Asst. Prof. Dr. DİLA ASFUROĞLU |
| Week | Subject |
| 1) | Ten Principles of Economics |
| 2) | Thinking Like an Economist |
| 3) | Interdependence and the Gains from Trade |
| 4) | The Market Forces of Supply and Demand |
| 5) | Elasticity and Its Application |
| 6) | Consumers, Producers, and the Efficiency of Markets & Externality |
| 7) | Midterm Exam |
| 8) | Supply, Demand, and Government Policies & The Costs of Taxation |
| 9) | The Costs of Production |
| 10) | Firms in Competitive Markets |
| 11) | Monopoly |
| 12) | Monopolistic Competition |
| 13) | Game Theory: An Introduction |
| 14) | Oligopoly |
| 15) | Final Examination Period |
| 16) | Final Examination Period |
| Required/Recommended Readings | Principles of Microeconomics, 7th Edition N. Gregory Mankiw ISBN-10: 128516590X ISBN-13: 9781285165905 Economics, Mankiw, G. and Taylor M.P. | ||||||||||||||||||
| Teaching Methods | Flipped classroom | ||||||||||||||||||
| Homework and Projects | none | ||||||||||||||||||
| Laboratory Work | none | ||||||||||||||||||
| Computer Use | none | ||||||||||||||||||
| Other Activities | Pre-quiz, midterm, final | ||||||||||||||||||
| Assessment Methods |
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| Course Administration |
asfuroglud@mef.edu.tr More detailed information about the course, like office hours, can be found in the blackboard. Attendance will not be taken for this course. Missing midterm exam: No make up unless a legitimate proof of absence is presented. Missing pre-quizzes: No make up |
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| Activity | No/Weeks | Hours | Calculation | ||||
| No/Weeks per Semester | Preparing for the Activity | Spent in the Activity Itself | Completing the Activity Requirements | ||||
| Course Hours | 14 | 2 | 3 | 1 | 84 | ||
| Quiz(zes) | 7 | 1 | 0.5 | 0.5 | 14 | ||
| Midterm(s) | 6 | 2 | 1 | 18 | |||
| Final Examination | 7 | 2 | 1 | 21 | |||
| Total Workload | 137 | ||||||
| Total Workload/25 | 5.5 | ||||||
| ECTS | 5 | ||||||