Learning Outcomes |
PO |
MME |
The students who succeeded in this course: |
|
|
LO-1 |
can explain the determinants of demand and supply. |
PO-11 Understand and comprehend market research, information systems, consumer behaviors, strategic marketing, global markets, product and service strategies, product life curve, pricing and supply chain in the points of providing continuity of businesses in the process of globalization. PO-12 become skilful at maths, econometrics and statistics, making more effective decisions with econometric and statistical analysis. Furthermore, they are capable of predicting the outcomes of these decisions and interpreting the cause and effect relation.
|
Examination |
LO-2 |
can explain the types of elasticities. |
PO-12 become skilful at maths, econometrics and statistics, making more effective decisions with econometric and statistical analysis. Furthermore, they are capable of predicting the outcomes of these decisions and interpreting the cause and effect relation.
|
Examination |
LO-3 |
can explain the theories of Cardinal and Ordinal Utility. |
PO-11 Understand and comprehend market research, information systems, consumer behaviors, strategic marketing, global markets, product and service strategies, product life curve, pricing and supply chain in the points of providing continuity of businesses in the process of globalization. PO-12 become skilful at maths, econometrics and statistics, making more effective decisions with econometric and statistical analysis. Furthermore, they are capable of predicting the outcomes of these decisions and interpreting the cause and effect relation.
|
Examination |
LO-4 |
can explain the short and long term production functions. |
PO-11 Understand and comprehend market research, information systems, consumer behaviors, strategic marketing, global markets, product and service strategies, product life curve, pricing and supply chain in the points of providing continuity of businesses in the process of globalization. PO-12 become skilful at maths, econometrics and statistics, making more effective decisions with econometric and statistical analysis. Furthermore, they are capable of predicting the outcomes of these decisions and interpreting the cause and effect relation. PO-14 have knowledge of new approaches used in production, fundamentals of production management, production systems, distribution planning and break-even analysis, installation placement and production planning.
|
Examination |
PO: Programme Outcomes MME:Method of measurement & Evaluation |
Course Contents |
Economic Efficiency, Supply, Demand, Market Equilibrium, Price Floor, Price Ceiling, Cardinal Utility Theory, Ordinal Utility Theory, Producer Surplus, Consumer Surplus, Production Function
|
Weekly Course Content |
Week |
Subject |
Learning Activities and Teaching Methods |
1 |
Basic Concepts: Economic Issue-Economic Efficiency |
Lecturing |
2 |
Demand and Determining Factors of Demand |
Lecturing |
3 |
Supply and Determining Factors of Supply |
Lecturing |
4 |
Market Equilibrium - Changes in Market Equilibrium |
Lecturing |
5 |
Elasticities |
Lecturing |
6 |
Elasticities |
Lecturing |
7 |
Government Interferences: Price Ceiling - Price Floor |
Lecturing |
8 |
mid-term exam |
|
9 |
Efficiency in Perfect Competition : Consumer Surplus - Producer Surplus |
Lecturing |
10 |
Consumer Theory: Cardinal Utility Theory |
Lecturing |
11 |
Consumer Theory: Ordinal Utility Theory |
Lecturing |
12 |
Production Theory: Short Term |
Lecturing |
13 |
Production Theory: Long Term |
Lecturing |
14 |
Production Theory: Short Term |
Lecturing |
15 |
Production Theory: Short Term |
Lecturing |
16 |
final exam |
|
Recommend Course Book / Supplementary Book/Reading |
1 |
Erdal. M. Ünsal (2016), İktisada Giriş (5. Baskı), BB101. |
Required Course instruments and materials |
Textbook |