Information Package / Course Catalogue
| Business Administration | |||||
| Bachelor | Length of the Programme: 4 | Number of Credits: 240 | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF: Level 6 |
Ders Genel Tanıtım Bilgileri
| School/Faculty/Institute | Faculty of Econ., Admin. 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 | Seçiniz | ||||
| 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) Has a broad foundation and intellectual awareness with exposure to mathematics, history, economics, and social sciences | |||||
| 2) Demonstrates knowledge and skills in different functional areas of business (accounting, finance, operations, marketing, strategy, and organization) and an understanding of their interactions within various industry sectors | |||||
| 3) Applies theoretical knowledge as well as creative, analytical, and critical thinking to manage complex technical or professional activities or projects | |||||
| 4) Exhibits an understanding of global, environmental, economic, legal, and regulatory contexts for business sustainability | |||||
| 5) Demonstrates individual and professional ethical behavior and social responsibility | |||||
| 6) Demonstrates responsiveness to ethnic, cultural, and gender diversity values and issues | |||||
| 7) Uses written and spoken English effectively (at least CEFR B2 level) to communicate information, ideas, problems, and solutions | |||||
| 8) Demonstrates skills in data and information acquisition, analysis, interpretation, and reporting | |||||
| 9) Displays computer proficiency to support problem solving and decision-making | |||||
| 10) Demonstrates teamwork, leadership, and entrepreneurial skills | |||||
| 11) Displays learning skills necessary for further study with a high degree of autonomy |
Relation to Program Outcomes and Competences
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | Has a broad foundation and intellectual awareness with exposure to mathematics, history, economics, and social sciences | H | |
| 2) | Demonstrates knowledge and skills in different functional areas of business (accounting, finance, operations, marketing, strategy, and organization) and an understanding of their interactions within various industry sectors | S | |
| 3) | Applies theoretical knowledge as well as creative, analytical, and critical thinking to manage complex technical or professional activities or projects | H | |
| 4) | Exhibits an understanding of global, environmental, economic, legal, and regulatory contexts for business sustainability | H | |
| 5) | Demonstrates individual and professional ethical behavior and social responsibility | S | |
| 6) | Demonstrates responsiveness to ethnic, cultural, and gender diversity values and issues | H | |
| 7) | Uses written and spoken English effectively (at least CEFR B2 level) to communicate information, ideas, problems, and solutions | N | |
| 8) | Demonstrates skills in data and information acquisition, analysis, interpretation, and reporting | S | |
| 9) | Displays computer proficiency to support problem solving and decision-making | H | |
| 10) | Demonstrates teamwork, leadership, and entrepreneurial skills | S | |
| 11) | Displays learning skills necessary for further study with a high degree of autonomy | S |
| Prepared by and Date | DİLA ASFUROĞLU , November 2023 |
| Course Coordinator | DİLA ASFUROĞLU |
| Semester | Fall |
| Name of Instructor | Asst. Prof. Dr. DİLA ASFUROĞLU |
Course Contents
| 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 | Required Reading: Principles of Microeconomics, 7th Edition N. Gregory Mankiw ISBN-10: 128516590X ISBN-13: 9781285165905 Mankiw, G. and Taylor M.P. Economics | ||||||||||||||||||
| Teaching Methods | Flipped classroom | ||||||||||||||||||
| Homework and Projects | none | ||||||||||||||||||
| Laboratory Work | none | ||||||||||||||||||
| Computer Use | none | ||||||||||||||||||
| Other Activities | None | ||||||||||||||||||
| 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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ECTS Student Workload Estimation
| 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 | ||||||