MICRO ECONOMICS PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
UIT217	MICRO ECONOMICS	3	3	3	6

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	, TYY: + , EQF-LLL: , QF-EHEA:
Type of the Course :	Compulsory
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit
Instructor(s) of the Course Unit
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	The aim of the microeconomics course is to teach how individuals, firms, and markets make decisions through basic economic models; to enable students to gain the ability to evaluate price formation, resource allocation, and market functioning within an analytical framework. This course aims to enable students to interpret the economic consequences of different market structures and policy interventions, and to analyze real-world economic problems from a microeconomic perspective.
Contents of the Course Unit:	Week Content Title Description 1 Basic Economic Problems & Economic Order Topics covered include “the main problems of every economy” and “comparison of economic systems.” 2 Supply and Demand Analysis Demand curve, supply curve, equilibrium concept, and graphs. 3 Elasticity Concepts Price, income, cross-elasticity; aggregate expenditure relationship. 4 Consumer Theory – Cardinal Utility Cardinal utility, marginal utility, consumer equilibrium, consumer equilibrium setup. 5 Consumer Theory – Ordinal & Indifference Curves Indifference curves, budget line, ordinal consumer equilibrium. 6 Consumer Equilibrium Changes Income-substitution effects, Giffen goods, Engel curves, compensated demand. 7 Market Demand and Elasticity: The transition from individual demand to market demand; the role of elasticity effects on the market. 8 MIDTERM EXAM 9 Production Theory – Basic Concepts: Production function, marginal/productivity analyses. 10 Cost Theory – Short Run: Fixed/mobile inputs, short-run cost curves, diminishing returns. 11 Cost Theory – Long Run and Economies of Scale: Long-run cost structure, returns to scale analyses. 12 Market Structures: Perfect Competition: Firm and industry equilibrium conditions in a perfectly competitive market. 13 Market Structures: Monopoly & Imperfect Competition: Analysis of monopoly, monopsony, and oligopoly markets. 14 General Equilibrium & Market Failures: Pareto efficiency, public goods, environment, externalities, and asymmetric information.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Students will be able to analyze consumer and producer behavior within the framework of basic microeconomic models.
Students will be able to explain price formation using the concepts of supply, demand, and market equilibrium.
Students will be able to calculate and interpret elasticity concepts economically.
Students will be able to compare firm behavior in different market structures (perfect competition, monopoly, oligopoly, monopolistic competition).
Students will be able to analyze the effects of government interventions (taxes, subsidies, floor-ceiling prices) on market outcomes.

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	-	Basic Economic Problems & Economic Order	-
2	-	Supply and Demand Analysis	-
3	-	Elasticity Concepts	-
4	-	Consumer Theory – Cardinal Utility	-
5	-	Consumer Theory – Ordinal & Indifference Curves	-
6	-	Consumer Equilibrium Changes	-
7	-	Market Demand and Elasticity	-
8	-	Production Theory – Basic Concepts	-
9	-	Cost Theory – Short Run	-
10	-	MID-TERM EXAM	-
11	-	Cost Theory – Long Run and Economies of Scale	-
12	-	Market Structures: Perfect Competition	-
13	-	Market Structures: Monopoly & Imperfect Competition	-
14	-	General Equilibrium & Market Failures	-
15	-	General Review	-
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Zeynel Dinler, Mikro İktisat, Ekin Basım Yur., Bursa, son baskı

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method
Mid-Term Exam	1	50		Classical Exam
Final Exam	1	50		Classical Exam
TOTAL	2	100

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Define the theories, concepts and principles of the basic and sub-fields of international business and trade. (Bloom 1)
2	Explain business and trade functions and processes based on current scientific sources (Bloom 2).

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate internationally valid business and trade cases with the theories and concepts of other social sciences. (Bloom 2)

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain the current events and facts in his / her field analytically and systematically based on advanced knowledge and skills he / she has. (Bloom 2)

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Use the theoretical and factual knowledge in business and trade for occupational practices. (Bloom 3)
2	Solve individual and organizational problems in business life. (Bloom 3)
3	Use computer programs (SPSS, R, Excel, Stata) efficiently against the complex business problems. (Bloom 3)

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Organize the activities for organizational goals and purposes independently. (Bloom 3)

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Criticize advanced knowledge and skills in the field with a critical approach. (Bloom 4)
2	Develop the existing knowledge and skills with a critical point of view under the impact of scientific, technological and current developments. (Bloom 3)

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Express his/her knowledge, thoughts and solutions on international business and trade to related stakeholders in written and verbal ways. (Bloom 1)

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Designs the research process in the field of business. (design) (Bloom 6)
2	Conducts operations by considering the ethical values in business activities. (apply) (Bloom’s 3)
3	Relate the concepts of social rights, occupational safety, employee health, quality management and sustainability with the cases in business life. (Bloom 2)

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	0	0	0
Preliminary & Further Study	0	0	0
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	0	0	0
Assignment (Homework)	0	0	0
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	0	0	0
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	0	0	0
Preparation for the Final Exam	0	0	0
Mid-Term Exam	0	0	0
Preparation for the Mid-Term Exam	0	0	0
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	0	0	0