COURSE UNIT TITLE

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR AFIFE DUYGU AYHAN

Offered to

International Business and Trade

Course Objective

This course will cover topics in microeconomics and macroeoconomics. In the microeoconomics part, consumer behaviour (budget constraint, preferences, utility, choice and market demand) and firm behaviour (technology and costs, profit maximization and cost minimization, perfect competition, monopoly) will be examined. In the macroeoconomics part, the course will introduce basic macroeonomic concepts in addition to classical, Keynesian and monetarist theories. By the analysis of consumption, savings, investment, money and interest rates in the IS-LM framework and in the aggregate demand and supply model, the students will be equipped with the basic principles and analytical tools of macroeoconomics such that they can make analysis on the major economic issues and problems such as inflation, unemployment and external balances.

Learning Outcomes of the Course Unit

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Recomended or Required Reading

- Varian, H. (2006) Intermediate Microeconomics A Modern Approach, 7th Edition, WW. Norton & Company, New York.
- Mankiw, G. (2010) Macroeconomics, 7th edi.

Planned Learning Activities and Teaching Methods

1. Lecture
2. Problem solving

Assessment Methods

Further Notes About Assessment Methods

None

Assessment Criteria

1.The learner will clearly define basic concepts used in microeconomic theory.
2.The learner will use necessary optimization methods to solve the choice problem of the consumer.
3.The learner will elaborate the properties of short run and long run production functions.
4.The learner will solve profit maximization problem of the firms under different market structures.
5. The learner will clearly define basic macroeoconomic concepts and compare different macroeconomic theories.
6. The learner will demonstrate understanding of IS-LM curves, aggregate demand and aggregate supply, savings, investment and consumption.
7. The learner will show the outcomes of different economic policies on national income, price level and interest rate and will connect real life macroeconomic development with the theoretical framework by following news in media.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any kind will result in disciplinary action

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Contribution of Learning Outcomes to Programme Outcomes