Lesson plan / INTRODUCTION TO MICROECONOMICS

Lesson Information

Course Credit 3.0
Course ECTS Credit 6.0
Teaching Language of Instruction İngilizce
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 Prof. Dr. CELAL NAZIM İREM
Instructor (s) Assoc. Prof. (Ph.D.) SALVATORE JOSEPH TERREGROSSA
Course Assistant

Purpose and Content

The aim of the course The goal of this course is to provide students with the basic understanding of economic reasoning; basic concepts and processes in microeconomics. The students learn the behavior of individual households, firms and industries and how these entities interact.
Course Content The course covers topics on basic principles of economics, how markets work, markets and welfare, the economics of the public sector, firm behavior and organization of the industry, the factors market and consumer choice.

Weekly Course Subjects

1Introduction, basic concepts and basic principles.
2The Market Forces of Supply and Demand.
3Elasticity and Its Application.
4Supply, Demand, and government policies.
5Consumers, Producers, and the Efficiency of Markets.
6Externalities, Public Goods and Common Resources, The Design of the Tax System.
7The Costs of Production.
8Firms in Competitive Markets.
9Midterm exam
10Monopoly, Monopolistic Competition.
11Oligopoly.
12The Markets for the Factors of Production.
13The Theory of Consumer Choice.
14Review.

Resources

Gregory Mankiw, Principles of Economics, published by South Western, 2007.