Information Package / Course Catalogue
Micro Economics
Course Code: BSO105
Course Type: Required
Couse Group: Short Cycle (Associate's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 4
Objectives of the Course

Individual economic units and equilibrium conditions for the economy as a whole understanding of the economic functioning of the understanding, explanation of the causes and consequences of international trade relations and economic examination of the dynamics of the growth process.

Course Content

Basic Concepts of micro-economics: the need of goods and services, consumption, production, production factors and economic units. Price Theory: Supply and demand. Consumer Theory: Indifference curves, budget line, the marginal rate of substitution, consumer equilibrium and changes in consumer equilibrium. Producer Theory: Co-product curves, iso-cost line, the marginal rate of technical substitution, changes in the balance of producers and manufacturers balance. Firms in perfect competition and imperfect competition market balance.

Name of Lecturer(s)
Ins. Cuma YILMAZ
Ins. Muhsine Fulya EROĞLU KAĞU
Lec. Fahriye GÖZGÜ
Learning Outcomes
1.How to determine the price of any goods or services and that prices may explain why that changed.
2.Basic goods and services in the economy and may explain the flow of funds.
3.Preferences about the science of economics consists in the light of rational choice can provide descriptive information.
4.Price theory and in different supply and demand conditions may explain graphically how changes in price.
5.Market equilibrium can explain about.
6.Define the concept of flexibility and makes a detailed description about the kinds.
7.Flexibility can perform calculations on.
8.How to ensure the balance of the firm under different market conditions explains.
9.King Law and in the agricultural sector with Cobweb theorem explains the relationship between supply, demand and price.
10.Explain in detail the types of markets.
Recommended or Required Reading
1.Eğilmez, Mahfi. Easy Economy with Examples, Remzi Publishing House, Ankara, 2012.
2.Eğilmez, Mahfi. Change Process in Turkey, Socio-Economic Evaluation Republic of the Ottoman Empire, Remzi Bookstore, Ankara, 2018.
3.Kalaycıoğlu, Ersin and Ali Yaşar Sarıbay. Political Change and Modernization in Turkey, Dora Publications, Bursa, 2009.
Weekly Detailed Course Contents
Week 1 - Theoretical
Definition and Features of Economics, Sub-disciplines, What is an Economic Problem?
Week 2 - Theoretical
Need, Goods, Production Factors, Alternative Cost, Externality, Consumer and Producer Surplus, Consumption, Decision Units in Economy
Week 3 - Theoretical
Supply, Demand, Market Equilibrium, Deviations from Market Equilibrium, Supply / Demand Applications
Week 4 - Theoretical
Elasticity of Demand, Income Elasticity of Demand, Elasticity of Supply, Other Elasticities
Week 5 - Theoretical
Abundance Paradox, Spider Web Theory, Government Intervention in Agricultural Product Prices, Flexibility and Wage Applications
Week 6 - Theoretical
Benefit and Decreasing Marginal Utility Theory, Consumer Balance and Applications
Week 7 - Theoretical
Benefit and Decreasing Marginal Utility Theory, Consumer Balance and Applications
Week 8 - Theoretical
Benefit and Decreasing Marginal Utility Theory, Consumer Balance and Applications, Mid Exam
Week 9 - Theoretical
Labor and Wage, Land and Rent, Capital and Interest, Enterprise and Profit
Week 10 - Theoretical
Production Function, Declining Yields Law, Production Balance, Cost Analysis
Week 11 - Theoretical
Perfect Competition Market Firm Balance
Week 12 - Theoretical
Firm Balance in the Monopoly Market
Week 13 - Theoretical
Monopolistic Competition Market, Oligopoly Market, Comparison of Markets
Week 14 - Theoretical
Factor Demand, Factor Supply, Factor Incomes
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%70
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142256
Midterm Examination17714
Final Examination1141428
TOTAL WORKLOAD (hours)98
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
OÇ-1
3
2
2
3
2
3
3
4
1
4
OÇ-2
3
4
4
2
3
4
4
2
3
2
OÇ-3
1
1
1
1
3
1
1
1
1
3
OÇ-4
3
3
3
3
2
3
3
2
2
4
OÇ-5
4
3
3
4
2
2
4
4
3
3
OÇ-6
3
4
3
3
2
2
3
3
4
4
OÇ-7
4
3
4
4
3
3
2
3
4
4
OÇ-8
3
4
2
3
4
4
3
4
3
3
OÇ-9
4
4
3
4
2
3
4
3
4
4
OÇ-10
3
3
4
3
2
3
2
4
4
3
Adnan Menderes University - Information Package / Course Catalogue
2026