Nevşehir Hacı Bektaş Veli University Course Catalogue

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-23 Analyze and write the texts which include professional English technical terms and words in business administration and economics research areas.
 		Examination
LO-2 can identify the determinants of demand and supply. PO-23 Analyze and write the texts which include professional English technical terms and words in business administration and economics research areas.
 		Examination
LO-3 can explain the functions of short-and long-term production. 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.
PO-23 Analyze and write the texts which include professional English technical terms and words in business administration and economics research areas.
 		Examination
LO-4 can determine the preferences providing consumer balance considering different approaches. 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-23 Analyze and write the texts which include professional English technical terms and words in business administration and economics research areas.
 		Examination
LO-5 can apply the knowledge of basic economic concepts such as opportunity cost, elasticity, economic profit and marginal analysis. PO-23 Analyze and write the texts which include professional English technical terms and words in business administration and economics research areas.
 		Examination
LO-6 can explain the difference between short-and long-term production costs. 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.
PO-23 Analyze and write the texts which include professional English technical terms and words in business administration and economics research areas.
 		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