Information Of Programmes

FACULTY OF ECONOMICS & ADMINISTRATIVE SCIENCES / İŞL231 - BUSINESS ADMINISTRATION

Code: İŞL231

Course Title: MICROECONOMICS I

Theoretical+Practice: 3+0

ECTS: 4

Year/Semester of Study

2 / Fall Semester

Level of Course

1st Cycle Degree Programme

Type of Course

Optional

Department

BUSINESS ADMINISTRATION

Pre-requisities and Co-requisites

None

Mode of Delivery

Face to Face

Teaching Period

14 Weeks

Name of Lecturer

SERAP ÇOBAN (seraps@nevsehir.edu.tr)

Name of Lecturer(s)

Language of Instruction

Turkish

Work Placement(s)

None

Objectives of the Course

This course aims to teach students basic subjects of microeconomics detailed, behaviours of consumers and firms and to understand the results of basic markets in terms of consumer and society welfare.

Learning Outcomes		PO	MME
The students who succeeded in this course:
LO-1	Be able to express what economists mean by the concept of scarcity.	PO-	Examination
LO-2	can identify the determinants of demand and supply.	PO-	Examination
LO-3	can explain the functions of short-and long-term production.	PO-	Examination
LO-4	can determine the preferences providing consumer balance considering different approaches.	PO-	Examination
LO-5	can apply the knowledge of basic economic concepts such as opportunity cost, elasticity, economic profit and marginal analysis.	PO-	Examination
LO-6	can explain the difference between short-and long-term production costs.	PO-	Examination
PO: Programme Outcomes MME:Method of measurement & Evaluation

Course Contents
Supply and Demand, Supply and Demand Elasticities, Price-Output-Market Balance, Market Intervention, Consumer Behavior and Individual Demand, Production Theory, Cost Theory.
Weekly Course Content
Week	Subject	Learning Activities and Teaching Methods
1	Basic Concepts: Types of Goods and Services, Economic Problem,Production Possibilities Curve	Lecturing-Lecturing-Drawing Graph
2	Functioning of Perfect Competition: Demand	Lecturing-Drawing Graph
3	Functioning of Perfect Competition: Supply	Lecturing-Drawing Graph
4	Functioning of Perfect Competition: Elasticities of Supply and Demand Equilibrium in Perfect Competition and Changing Equilibrium	Lecturing-Drawing Graph-Solving Problem
5	State Intervention in the Market: Price Ceiling- Price Floor	Lecturing-Drawing Graph-Solving Problem
6	Consumer Theory: Cardinal Utility Theory	Lecturing-Drawing Graph-Solving Problem
7	Consumer Theory:Ordinal Utility Theory	Lecturing-Drawing Graph-Solving Problem
8	mid-term exam
9	Consumer Theory: Approaches of Hicks and Slutsky	Lecturing-Drawing Graph-Solving Problem
10	Producer Theory:Short Term Production Functions	Lecturing-Drawing Graph-Solving Problem
11	Producer Theory: LongTerm Production Functions	Lecturing-Drawing Graph-Solving Problem
12	Producer Theory: Elasticity of Substitution and Production Functions	Lecturing-Drawing Graph-Solving Problem
13	Cost Theory: Short Term Costs	Lecturing-Drawing Graph-Solving Problem
14	Cost Theory: Long Term Costs	Lecturing-Drawing Graph-Solving Problem
15	General Overview	Lecturing- Question&Answer
16	final exam
Recommend Course Book / Supplementary Book/Reading
1	Erdal Ünsal, Mikro İktisat, Bb101 Yayınları, 2014.
2	Zeynel Dinler, Mikro Ekonomi, Ekin Yayınları,2017
3	Ders Notları
Required Course instruments and materials
Textbooks-Course Notes

Assessment Methods
Type of Assessment	Week	Hours	Weight(%)
mid-term exam	8	2	40
Other assessment methods
1.Oral Examination
2.Quiz
3.Laboratory exam
4.Presentation
5.Report
6.Workshop
7.Performance Project
8.Term Paper
9.Project
final exam	16	2	60

Student Work Load
Type of Work	Weekly Hours	Number of Weeks	Work Load
Weekly Course Hours (Theoretical+Practice)	3	14	42
Outside Class
a) Reading	4	8	32
b) Search in internet/Library	1	3	3
c) Performance Project			0
d) Prepare a workshop/Presentation/Report			0
e) Term paper/Project			0
Oral Examination			0
Quiz			0
Laboratory exam			0
Own study for mid-term exam	4	5	20
mid-term exam	1	1	1
Own study for final exam	4	5	20
final exam	1	1	1
			0
			0
Total work load;			119