Nevşehir Hacı Bektaş Veli University Course Catalogue
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| Year/Semester of Study | 3 / Spring Semester | ||||
| Level of Course | 1st Cycle Degree Programme | ||||
| Type of Course | Optional | ||||
| Department | ECONOMICS | ||||
| Pre-requisities and Co-requisites | None | ||||
| Mode of Delivery | Face to Face | ||||
| Teaching Period | 14 Weeks | ||||
| Name of Lecturer | ŞÜKRÜ APAYDIN (sukruapaydin@nevsehir.edu.tr) | ||||
| Name of Lecturer(s) | ŞÜKRÜ APAYDIN, | ||||
| Language of Instruction | Turkish | ||||
| Work Placement(s) | None | ||||
| Objectives of the Course | |||||
| The course aims to give students intermediate level treatment of the microeconomic methods to solve firm / production / market specific issues. | |||||
| Learning Outcomes | PO | MME | |
| The students who succeeded in this course: | |||
| LO-1 | can solve the cost minimization and profit maximization problems of the firm. |
PO-1 have information about basic economic topics and indicators.
PO-4 have theoretical and empirical information to analyze how to authorities, consumers and firms effect each other and how to make decision. |
Examination |
| LO-2 | can compare perfectly competitive markets, monopolies and oligopolies. |
PO-1 have information about basic economic topics and indicators.
PO-2 have basic information about treatment rules between individuals, markets and countries. PO-4 have theoretical and empirical information to analyze how to authorities, consumers and firms effect each other and how to make decision. |
Examination |
| LO-3 | can explain performance and welfare implications of economic policies on industry level behavior. |
PO-2 have basic information about treatment rules between individuals, markets and countries. PO-4 have theoretical and empirical information to analyze how to authorities, consumers and firms effect each other and how to make decision. PO-6 have ability on examining and analyzing the effects of economic policies. |
Examination |
| PO: Programme Outcomes MME:Method of measurement & Evaluation |
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| Course Contents | ||
| The course will focus on the supply side of the market. It will start focusing on the basic behavior of the firm, profit maximization and cost minimization to achieve the total cost of production. Building on these results firm behavior in different market settings the market behavior in various settings, starting with the two extreme cases: perfectly competitive markets and monopoly, and then move to intermediate cases, monopolistic competition and oligopoly will be examined. For understanding of the strategic interaction of firms in Oligopolistic market a brief introduction to game theory will be provided. | ||
| Weekly Course Content | ||
| Week | Subject | Learning Activities and Teaching Methods |
| 1 | The Scope and Method of Economics | Lecturing and Discussion |
| 2 | The Economic Problem: Scarcity and Choice | Lecturing and Discussion |
| 3 | Demand, Supply, and Market Equilibrium | Lecturing and Discussion |
| 4 | Demand, Supply, and Market Equilibrium | Lecturing and Discussion |
| 5 | Demand and Supply Applications and Elasticity | Lecturing and Discussion |
| 6 | Household Behavior and Consumer Choice | Lecturing and Discussion |
| 7 | Household Behavior and Consumer Choice | Lecturing and Discussion |
| 8 | mid-term exam | |
| 9 | The Production Process: The Behavior of ProfitMaximizing Firms | Lecturing and Discussion |
| 10 | Short–Run Costs and Output Decisions | Lecturing and Discussion |
| 11 | Short–Run Costs and Output Decisions | Lecturing and Discussion |
| 12 | Long–Run Costs and Output Decisions | Lecturing and Discussion |
| 13 | General Equilibrium and the Efficiency of Perfect Competition | Lecturing and Discussion |
| 14 | Monopoly and Antitrust Policy | Lecturing and Discussion |
| 15 | Review of the Semester | Lecturing and Discussion |
| 16 | final exam | |
| Recommend Course Book / Supplementary Book/Reading | ||
| 1 | Case, Karl; Fair, Ray; and Oster, Sharon; Principles of Economics with MyEconLab Student Access Card, Pearson – Prentice Hall, 10th edition, 2012 | |
| Required Course instruments and materials | ||
| book and articles | ||
| Assessment Methods | |||
| Type of Assessment | Week | Hours | Weight(%) |
| mid-term exam | 8 | 1 | 40 |
| Other assessment methods | |||
| 1.Oral Examination | |||
| 2.Quiz | |||
| 3.Laboratory exam | |||
| 4.Presentation | |||
| 5.Report | |||
| 6.Workshop | |||
| 7.Performance Project | |||
| 8.Term Paper | |||
| 9.Project | |||
| final exam | 16 | 1 | 60 |
| Student Work Load | |||
| Type of Work | Weekly Hours | Number of Weeks | Work Load |
| Weekly Course Hours (Theoretical+Practice) | 3 | 14 | 42 |
| Outside Class | |||
| a) Reading | 2 | 14 | 28 |
| b) Search in internet/Library | 0 | ||
| c) Performance Project | 0 | ||
| d) Prepare a workshop/Presentation/Report | 0 | ||
| e) Term paper/Project | 0 | ||
| Oral Examination | 0 | ||
| Quiz | 0 | ||
| Laboratory exam | 0 | ||
| Own study for mid-term exam | 3 | 7 | 21 |
| mid-term exam | 1 | 1 | 1 |
| Own study for final exam | 3 | 7 | 21 |
| final exam | 1 | 1 | 1 |
| 0 | |||
| 0 | |||
| Total work load; | 114 | ||