Graduate Education Institute · Business Administration · Master
Course Objective
The aim of the course is to teach students the fundamentals of micro and macro economics. This course introduces the main concepts, theories and tools of economics, thus enables students to make analysis and comments on both microeconomics and macroeconomics, and to apply them in business life.
Course Content
In this course, first of all, the behavior of micro units, such as individuals, firms and industries will be examined; therefore, supply, demand, market equilibrium, elasticities, consumer and producer choices, and different market structures will be covered in detail. Afterwards, the interactions in the economy will be analyzed as a whole, and so national income, money and banking, monetary and fiscal policy, inflation and unemployment will be discussed.
Required Resources
Zeynel Dinler, İktisada Giriş, Ekin Basım Yayın Dağıtım, 2014.
Recommended Resources
(1) Begg, Vernasca, Fischer and Dornbush, Economics, 11th Edition, McGraw-Hill Education, 2014. (2) Case, Fair and Oster, Principles of Economics, 11th Edition, Pearson, 2014. (3) Hassan, Economics with Islamic Orientation, Oxford University Press, 2015. (4) Eğilmez ve Kumcu, Ekonomi Politikası - Teori ve Türkiye Uygulaması, Remzi Kitabevi, 2013.
Course Learning Outcomes
- Student will be able to discuss the current economic issues.
- Student will have knowledge and skills to participate in economic debates.
- Student will be able to explain the main topics of micro and macroeconomics.
- Student will be able to use the basic concepts and analyze the micro and macro economic theories.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 4 | 64 |
| Midterm | 1 | 24 | 24 |
| Quiz | 0 | 0 | 0 |
| Assignment | 1 | 18 | 18 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 32 | 32 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction to Course, Introduction to Economics | Dinler, p.3-5 |
| 2 | Introduction to Economics (Scarcity, Opportunity Cost, ..) | Dinler, p.6-44 |
| 3 | Demand and Supply | Dinler, p.48-73 |
| 4 | Demand, Supply and Market Equilibrium | Dinler, p.74-114 |
| 5 | Consumer Choice and Demand Decisions | Dinler, p.118-138 |
| 6 | Supply Decisions and Costs | Dinler, p.142-178 |
| 7 | Market Structure: Perfect Competition and Imperfect Competition | Dinler, p.182-210 |
| 8 | Ara Sınav | Ara Sınav |
| 9 | Introduction to Macroeconomics, National Income | Dinler, p.327-363 |
| 10 | Aggregate Demand and Aggregate Supply | Dinler, p.364-425 |
| 11 | Money | Dinler, p.429-456 |
| 12 | Money and Banking | Dinler, p.457-472 |
| 13 | Monetary and Fiscal Policy | Dinler, p.543-560 |
| 14 | Inflation | Dinler, p.475-496 |
| 15 | Unemployment | Dinler, p.497-517 |
| 16 | Final Sınavı | Final Sınavı |