Faculty of Business and Management Sciences · International Trade and Finance (English) · Undergraduate
ECTS: 5 T+P+L: 3+0+0 Compulsory
Coordinator: Dr. Öğr. Üyesi Cemil Faruk DURMAZ
Instructors: Dr. Öğr. Üyesi Cemil Faruk DURMAZ
Course Objective
The aim of this course is to provide an understanding of the behavior and preferences of economic units and with structures of market.
Course Content
This course aims to ensure that students grasp key concepts such as the market mechanism; how consumers make economic decisions in their daily lives; how producers make production decisions and minimize costs during the production process; the nature of government intervention in the market; how firms maximize profits under free-market conditions; how profit maximization is achieved in monopoly, monopolistic competition, and oligopoly markets; and how firms determine their demand for factors of production.
Required Resources
Robert S. Pindyck and Daniel L. Rubinfeld, Microeconomics, 8th Edition, Pearson.
Core Area Distribution
(31) Social and Behavioural Science%50 (34) Business and Administration%30 (46) Mathematics and Statistics%20
Teaching Methods
ExpressionQuestion-AnswerExercise and PracticePresentationCase Study
Assessment & Evaluation
Testing (Essay / Tests: True-Falls, multiple-choice, short answer, matching)
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 3 | 48 |
| Midterm | 1 | 10 | 10 |
| Quiz | 2 | 2 | 4 |
| Assignment | 0 | 0 | 0 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 15 | 15 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction to Microeconomics | Resource Book Chapter 1 |
| 2 | Price Theory and Market Equilibrium | Resource Book Chapter 2 |
| 3 | Elasticity | Reference Book Chapter 3 |
| 4 | Economic Efficiency and the Role of the State | Resource Book Chapter 4 |
| 5 | Consumer Theory | Resource Book Chapter 5 |
| 6 | Producer Theory | Resource Book Chapter 6 |
| 7 | Perfect Competition Market | Resource Book Chapter 8 |
| 8 | Midterm Exam | All Topics Covered |
| 9 | Monopoly Market | Resource Book Chapter 9 |
| 10 | Monopolistic Competition | Resource Book Chapter 10 |
| 11 | Oligopoly | Resource Book Chapter 11 |
| 12 | Factor Markets | Reosurce Book Chapter 12 |
| 13 | Market Distruption | Resource Book Chapter 13 |
| 14 | Income Distribution | Resource Book Chapter 14 |
| 15 | An Overview | Resource Book |
| 16 | Final Exam | All Subjects |