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ÇAĞ UNIVERSITY FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES Code Course Title Credit ECO 105 Economics 3 (3-0-0) Prerequisites None Language of Instruction Mode of Delivery English Face to face Type and Level of Course Compulsory/First Year/Fall Semester Lecturers Name(s) Lecture Hours Office Hours Contacts ECTS 7 Assoc. Prof. Dr. Soner Öğüt Wed. 09-12 Monday 10-12 [email protected] Provide students with a thorough understanding of elementary microeconomics. Relationship Students who have completed the course successfully should be able to Prog. Net Output Effect 1 Define economics and distinguish between microeconomics and macroeconomics. 5 4 2 Define the production possibilities and calculate opportunity cost. 5 4 3 Describe a competitive market; the influences on demand and supply. 7 4 4 Explain how demand and supply determine prices and quantities bought and sold. 8 4 5 Define, calculate, and explain the factors that influence the price elasticities of 7 3 demand and supply. 6 Describe preferences using the concept of utility; distinguish between total utility and 5 4 marginal utility. 7 Describe a household’s budget line and show how it changes when prices or income 5 3 changes. 8 Use indifference curves to map preferences and explain the principle of diminishing 5 4 marginal rate of substitution. Course Description: The course is designed to provide the students with basic concepts of microeconomics. Define economics and economic problems faced in everyday life ;covering scarcity and making choices; supply and demand; price determination and market equilibrium; elasticity; production and cost concepts; market structures. Course Contents:( Weekly Lecture Plan ) Weeks Topics Preparation Teaching Methods 1 INTRODUCTION ……. Lecture and Discussion 2 What is Economics? Ch 1 Power Point Presentation 3 The Economic Problem Ch 2 Lecture and Discussion 4 Demand and Supply Ch 3 Power Point Presentation 5 Utility and Demand Ch 8 Power Point Presentation 6 Output and Costs Ch 11 Lecture and Discussion 7 Perfect Competition Ch 12 Power Point Presentation 8 Monopoly,Monp.Competition,Oligopoly Ch 13.14,15 Lecture and Discussion 9 Review …….. Lecture and Discussion 10 Measuring GDP and Economic Growth Ch.21 Power Point Presentation 11 Monitoring Jobs and Inflation Ch.22 Lecture and Discussion 12 Economic Growth Ch.23 Power Point Presentation 13 Money, the Price Level, and Inflation Ch.25 Lecture and Discussion 14 Review …….. REFERENCES Textbook Economics, Michael PARKIN, Pearson-Addison Wesley, 9th ed.,2010. Course Notes The textbook Recommended Reading Subscription to a weekly economics periodical Material Sharing Solving of Chapterr-End Problems and Presentation Slides ASSESSMENT METHODS Activities Number Effect Notes Midterm Exam 1 40% Effect of The Final Exam 60% ECTS TABLE Contents Number Hours Total Hours in Classroom 14 3 42 Hours out Classroom 14 3 42 Homeworks 2 8 16 Project 1 20 20 Implementation 4 4 16 Quizzes 4 1 4 Midterm Exam 1 25 25 Final Exam 1 35 35 Total 200 Total / 30 =200/30=6,66 ECTS Credit 7 Learning Outcomes of the Course Course Coordinator Course Objective RECENT PERFORMANCE