Information Package / Course Catalogue
| Course Code | : INR211 |
| Course Type | : Area Elective |
| Couse Group | : First Cycle (Bachelor's Degree) |
| Education Language | : English |
| Work Placement | : N/A |
| Theory | : 3 |
| Prt. | : 0 |
| Credit | : 3 |
| Lab | : 0 |
| ECTS | : 5 |
With accomplishing the requirements of this course, students should have developed a range of skills enabling them to understand economic concepts and use those concepts to analyze specific questions. By the end of this course, students should be able to: Understand consumer behavior. Understand firm behavior. Analyze different types of market structures (monopoly, oligopoly and a competitive market). Understand how to apply economic principles to a range of policy questions.
The purpose of the course is to provide a basic understanding of how economic actors decide to allocate their available resources in an efficient way. The course introduces basic microeconomic topics such as market structures, supply and demand, consumer behaviour, firm behaviour in output markets, the production process, input markets, decisions in regards to market power and market failures in capitalist economies.
| 1. | Be able to demonstrate an understanding of basic economic concepts so that the learner can follow economic news in the media. |
| 2. | Identify the interactions among different economic units in order to discover the process of economic decision-making in a manner consistent with the existence of scarcity. |
| 3. | Identify different kinds of market structures, allowing the learner to recognize the business environment in which a firm operates. |
| 4. | Demonstrate an understanding the dynamics behind supply and demand in order to explain their effects on market equilibrium. |
| 5. | Acquire the skills to use library and media resources to enhance economic reasoning. |
| Type of Assessment | Count | Percent |
|---|---|---|
| Midterm Examination | 1 | %40 |
| Final Examination | 1 | %70 |
| Activities | Count | Preparation | Time | Total Work Load (hours) |
|---|---|---|---|---|
| Lecture - Theory | 15 | 3 | 3 | 97 |
| Midterm Examination | 1 | 10 | 1 | 11 |
| Final Examination | 1 | 15 | 1 | 16 |
| TOTAL WORKLOAD (hours) | 124 | |||
PÇ-1 | PÇ-2 | PÇ-3 | PÇ-4 | PÇ-5 | PÇ-6 | PÇ-7 | PÇ-8 | PÇ-9 | PÇ-10 | PÇ-11 | PÇ-12 | PÇ-13 | |
OÇ-1 | 3 | 5 | 5 | 5 | 5 | 5 | 3 | 3 | 5 | 5 | 4 | 5 | |
OÇ-2 | 5 | 5 | 5 | 4 | 4 | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 5 |
OÇ-3 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 5 |
OÇ-4 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 4 |
OÇ-5 | 4 | 4 | 5 | 5 | 5 | 4 | 5 | 4 | 5 | 5 | |||