Ders Planı

Lesson Information

Course Credit	3.0
Course ECTS Credit	5.0
Teaching Language of Instruction	Türkçe
Level of Course	Bachelor's Degree, TYYÇ: Level 6, EQF-LLL: Level 6, QF-EHEA: First Cycle
Type of Course	Compulsory
Mode of Delivery	Face-to-face
Does the course require compulsory or optional work experience?	Z
Course Coordinator	Assist. Prof. Dr. FELOR EBGHAEI
Instructor (s)
Course Assistant

Purpose and Content

The aim of the course	Economy basically studies the efficient distribution of limited resources over limitless demands. By classifying the resources under the 5 main headings of land, labor, capital, entrepreneur and technology, economists have developed analysis methods. In the course Micro Economics, information on the effects of consumer behavior on the production functions of manufacturers and on the formation of market-price balances will be provided to the students through the examination of these analyses and methods.
Course Content	The teaching of supply-demand and market balance, which are the Fundamentals of economy, constitutes the core of the course. The reactions of manufacturers and consumers to the changes in the market during the formation of supply-demand will be examined under the title flexibility, and how many units the price/amount will react to a one unit change in the market will constitute the basic reasoning of the subject. The effect of government’s minimum/maximum price practices on the market. While the utility function (Cardinal and Ordinal Utilitarian approaches) which determines the demand inclination of consumers to goods and services will give one an idea about consumers, the examination of the production functions will give information about the attitude to be shown by firms in the presence of various factors. Because cost elements determining the decisions of entrpreneurs in the market and profits will vary between different periods, the concept of cost will be examined under three separate headings. “Market structure”, which affects the formation of supply-demand and price balance significantly, will be closely examined through the classification of Monopolist Competition and Oligopoly. Towards the end of the term, the concepts of labor, land, capital and entrpreneur/profit will be covered under the heading “Factor Markets” and a brief introduction to the Macro Economy course will be provided.

The aim of the course

Economy basically studies the efficient distribution of limited resources over limitless demands. By classifying the resources under the 5 main headings of land, labor, capital, entrepreneur and technology, economists have developed analysis methods. In the course Micro Economics, information on the effects of consumer behavior on the production functions of manufacturers and on the formation of market-price balances will be provided to the students through the examination of these analyses and methods.

Course Content

The teaching of supply-demand and market balance, which are the Fundamentals of economy, constitutes the core of the course. The reactions of manufacturers and consumers to the changes in the market during the formation of supply-demand will be examined under the title flexibility, and how many units the price/amount will react to a one unit change in the market will constitute the basic reasoning of the subject. The effect of government’s minimum/maximum price practices on the market. While the utility function (Cardinal and Ordinal Utilitarian approaches) which determines the demand inclination of consumers to goods and services will give one an idea about consumers, the examination of the production functions will give information about the attitude to be shown by firms in the presence of various factors. Because cost elements determining the decisions of entrpreneurs in the market and profits will vary between different periods, the concept of cost will be examined under three separate headings. “Market structure”, which affects the formation of supply-demand and price balance significantly, will be closely examined through the classification of Monopolist Competition and Oligopoly. Towards the end of the term, the concepts of labor, land, capital and entrpreneur/profit will be covered under the heading “Factor Markets” and a brief introduction to the Macro Economy course will be provided.

Learning Outcomes

Comprehend the basic concepts of the economy.
Recognize the basic principles and concepts related to financial issues.
Identify the economics.
Interpret the general finance issues.
Recognize the economic theories.
Interpret the global economic and international economic issues.
Develop solutions to Turkey's economic problems.
Develop appropriate reporting techniques of economic and financial expectations.
Prepare reports about economic and financial matters.
Present the knowledge of economy and finance in a systematic and planned manner.
Develop methods to the solution of problems in economy and finance matters.
Develop strategies and recommendations in economy and finance issues.
Execute projects about economy and finance issues.
Use time effectively in their occupation.
Use initiative in matters related to the field.
Use their knowledge in vocational subjects.
Recognize new theoretical approaches in the field of economics and finance.
Follow the publications related to the field of economics and finance.
Adopt the philosophy of lifelong learning.
Use Turkish language correctly, according to the rules and effectively in verbal and written communication so as to express themselves and represent their institutions
Use a foreign language in accordance with its rules in verbal and written communication
Use thetheoretical knowledge about economy and finance issues in practice.
Implement the statistical knowledge in the field of economics and finance.
Analyze the macro and micro economic developments
Evaluate the economic and financial developments and changes.

Weekly Course Subjects

1	Supply and Demand Balance
2	Market Equilibrium
3	Flexibility
4	Supply and Demand Flexibility
5	Government Market Accounts, Base / Maximum Price Applications
6	Consumer Behavior Theory, Ordinal and Cardinal Beneficiaries
7	Production Functions, Short-Medium-Long Term Manufacturer's Balances
8	Cost. Short and Long-term Cost Variations
9	Midterm Exam
10	Markets. The Perfect Competitive Market
11	Monopoly Market and Monopoly Competition
12	Oligopoly Markets. Income Distribution and Factor Markets
13	Land and Labor Market.
14	Capital and Interest

Resources

1- Zeynel DİNLER, Mikro Ekonomi, Bursa: Ekin Kitapevi, 26. Baskı, 2015
2- Rona Turanlı Mikro Ekonomik Analiz,Bilim Teknik Yayınevi, İstanbul,1995
3- Tümay ERTEK, Mikro Ekonomi Teorisi, İstanbul: Beta Yayınları, 2016
4- David BESANKO and Ronald R.BRAEUTIGAM, Microeconomics, Wiley, 4th Ed., 2011

CLASS 1

CLASS 2

CLASS 3

CLASS 4

Lesson Information

Purpose and Content

Learning Outcomes

Weekly Course Subjects

Resources

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