Undergraduate
Faculty of Economic and Administrative Sciences
International Trade (English)
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Micro Economics

Course CodeSemester Course Name LE/RC/LA Course Type Language of Instruction ECTS
ITR2007 2 Micro Economics 2/2/0 CC English 5
Course Goals

The aim of the course is to make students have knowledge about basic microeconomic models.

Prerequisite(s) None
Corequisite(s) None
Special Requisite(s) none
Instructor(s) PROF.DR. CEM BAŞLEVENT
Course Assistant(s)
Schedule Tuesday 15:00-16:50 B 501, Wednesday 15:00-16:50 A 602.
Office Hour(s) By appointment c.baslevent@iku.edu.tr B 606
Teaching Methods and Techniques Oral Presentation, Discussion, Applying and Practice  
Principle Sources Robert S. Pindyck, Daniel L. Rubinfeld. (2013) Microeconomics, 8th ed. Pearson.  
Other Sources  Lecture Notes
Course Schedules
Week Contents Learning Methods
1. Week Preliminaries (Ch. 1) Oral Presentation
2. Week The Basics of suppy and demand (Ch. 2) Oral Presentation
3. Week Consumer behavior (Ch. 3) Oral Presentation
4. Week Individual and market demand (Ch. 4) Oral Presentation
5. Week Production (Ch. 6) Oral Presentation
6. Week The Cost of production (Ch. 7) Oral Presentation
7. Week Profit maximization and competitive supply (Ch. 8) Oral Presentation
8. Week Competitive markets (Ch. 9) Oral Presentation
9. Week Competitive markets (Ch. 9) Oral Presentation
10. Week Monopoly and monopsony (Ch. 10 & 11) Oral Presentation
11. Week Monopolistic competition and oligopoly (Ch. 12) Oral Presentation
12. Week Uncertainty and consumer behavior (Ch. 5) Oral Presentation
13. Week Review Lecture Discussion and Practice
14. Week Review Lecture Discussion and Practice
15. Week Final Assessment
16. Week Final Assessment
17. Week Final Assessment
Assessments
Evaluation tools Quantity Weight(%)
Midterm(s) 1 35
Quizzes 1 10
Final Exam 1 55


Program Outcomes
PO-1Comprehends both theoretical and applied subjects in international trade at the advanced level, and uses his/her knowledge when necessary.
PO-2Analyses basic concepts and data related to International Trade and Economics by scientific methods, interprets those with analytically, and evaluates those with regard to economic issues.
PO-3Express his/her thoughts, comments and evaluations related to International Trade discipline both in written and oral forms.
PO-4Defines current problems, and proposes solutions which are supported by evidence and research based quantitative and qualitative data.
PO-5Inspects how public and private sector enterprises engaged in trade activities operates in practice, and evaluates the continuities and the dynamism in these sectors.
PO-6Defines and tracks local, regional (such as European Union or Middle East) and global issues from the point of political economics, and relates these issues to each other.
PO-7Possesses sufficient knowledge in other disciplines related to International Trade (such as Economics, Finance, International Business and Law), and reports this information.
PO-8Follows publications and research in International Trade, Globalisation and Financial Systems in the English language, and communicates with his/her colleagues internationally.
PO-9Uses a second language (Russian, Chinese, etc.) at the intermediate level.
PO-10Possesses ethical principles and scientific values in collection, interpretation and release of data.
Learning Outcomes
LO-1The students gain –through theoretical knowledge - a basic understanding of Micro Economcs and the fuctioning of the economic system in the firm level
LO-2As a means of news screening from the newspapers and magazines, the students are equipped with useful and practical knowledge upon World-and Turkish economy.
LO-3They obtain the ability to analyize the theoretical and practical knowledge through assessments and evalualuations
LO-4They have the skill to considering the events from a broader perspective and gain a global vision
LO-5They are more concerned with foreign countries and be open to other cultures by way of observing international economic activity closely
Course Assessment Matrix:
Program Outcomes - Learning Outcomes Matrix
 PO 1PO 2PO 3PO 4PO 5PO 6PO 7PO 8PO 9PO 10
LO 1
LO 2
LO 3
LO 4
LO 5