Main concepts in microeconomics. Supply, demand and elasticity. Theory of consumer behavior; individual, and market demand. Production and costs of production. Firm theory: competitive markets, monopoly, monopolistic competition, and oligopoly. Game theory and firm strategy. Price controls, and government intervention. Markets with asymmetric information, externalities, and public goods.
Zeynel Dinler, Mikro Ekonomi, Gözden Geçirilmiş 27. Basım, Ekin Basım Yayın Dağıtım, Bursa, 2016.
Other Sources
Course Schedules
Week
Contents
Learning Methods
1. Week
Basic Topics Interested in Micro Economics - Main Problems
Lecture, discussion and problem solving
2. Week
Supply and Demand
Lecture, discussion and problem solving
3. Week
Market Equilibrium and Price Formation
Lecture, discussion and problem solving
4. Week
Consumer Theory
Lecture, discussion and problem solving
5. Week
Consumer Theory
Lecture, discussion and problem solving
6. Week
Consumer Theory
Lecture, discussion and problem solving
7. Week
Producer Theory
Lecture, discussion and problem solving
8. Week
Producer Theory
Lecture, discussion and problem solving
9. Week
Producer Theory
Lecture, discussion and problem solving
10. Week
Perfect Competition Market
Lecture, discussion and problem solving
11. Week
Imperfect Market
Lecture, discussion and problem solving
12. Week
Imperfect Market
Lecture, discussion and problem solving
13. Week
Game theory and Competitive Strategy
Lecture, discussion and problem solving
14. Week
Review Lecture
Lecture, discussion and problem solving
15. Week
Final Exam
16. Week
Final Exam
17. Week
Assessments
Evaluation tools
Quantity
Weight(%)
Midterm(s)
1
30
Quizzes
1
20
Final Exam
1
50
Program Outcomes
PO-1
OP-1. Comprehends both theoretical and applied subjects in international trade at the advanced level, and uses his/her knowledge when necessary.
PO-2
OP-2. Analyses 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-3
OP-3. Express his/her thoughts, comments and evaluations related to International Trade discipline both in written and oral forms.
PO-4
OP-4. Defines current problems, and proposes solutions which are supported by evidence and research based quantitative and qualitative data.
PO-5
OP-5. Inspects how public and private sector enterprises engaged in trade activities operates in practice, and evaluates the continuities and the dynamism in these sectors.
PO-6
OP-6. Defines 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-7
OP-7. Possesses sufficient knowledge in other disciplines related to International Trade (such as Economics, Finance, International Business and Law), and reports this information.
PO-8
OP-8. Follows publications and research in International Trade, Globalisation and Financial Systems in the English language, and communicates with his/her colleagues internationally.
PO-9
OP-9. Uses a second language (Russian, Chinese, etc.) at the intermediate level.
PO-10
OP-10. Possesses ethical principles and scientific values in collection, interpretation and release of data.
Learning Outcomes
LO-1
Be able to identify microeconomic concepts, and theories at the intermediate level.
LO-2
Comprehend the mechanism of market equilibrium, and the outcomes of disequilibrium.
LO-3
Be able to explain the behavior of both consumers, and producers.
LO-4
Describe the key characteristics of competitive markets, monopoly, monopolistic competition, and oligopoly in detail; and compare equilibrium of and social outcomes in those markets at the intermediate level.
LO-5
Comprehend the consequences of price controls, and government intervention in the economy; and analyse the the outcomes of such policies in real economic life.
