Course Details

Course Information

Semester	Course Unit Code	Course Unit Title	T+P+L	Credit	Number of ECTS Credits	Last Updated Date
1	ECON101	EXPLORING ECONOMICS I	3+0+0	3	5	14.05.2025

Course Details

Language of Instruction	English
Level of Course Unit	Bachelor's Degree
Department / Program	ECONOMICS
Type of Program	Formal Education
Type of Course Unit	Compulsory
Course Delivery Method	Face To Face
Objectives of the Course	Defining main concepts of microeconomics. Examining the topic of consumer behavior. Examining the topic of firm behavior. Introducing different types of markets (competitive market, monopoly and oligopoly).
Course Content	The course is designed as an introductory course on basics of microeconomics at undergraduate level. The content includes theoretical information on how economic activities and relations function, the way individuals, households and firms behave and make decisions, factors affecting these decision making behaviors, and principles of allocation of resources. In addition to these subjects, different types of market structures and workings of these markets are explained and information on current methodologies and approaches is given at beginner level.
Course Methods and Techniques	This course will primarily be conducted through lectures. Regular lectures will be held to ensure that students learn and understand the concepts of microeconomics. During the lectures, key topics and theoretical information will be covered, and explanations will be provided to help students grasp the material. To reinforce understanding of the topics covered in class, quizzes will be administered at regular intervals, and these quizzes will be used to assess students' knowledge.
Prerequisites and co-requisities	None
Course Coordinator	None
Name of Lecturers	Asist Prof.Dr. Tamer Güven tamer.guven@agu.edu.tr
Assistants	None
Work Placement(s)	No

Recommended or Required Reading

Resources

Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.

Course Notes

This course covers the fundamental concepts of microeconomics. It begins with the analysis of demand and supply relations and market equilibrium. Next, it focuses on consumer and firm behavior, examining decision-making processes. Various market structures, such as competitive markets, monopolies, and oligopolies, will also be thoroughly explored. Each topic will be supported by relevant theories and examples, and understanding will be reinforced through quizzes.

Course Category

Mathematics and Basic Sciences	%30
Social Sciences	%30
Field	%40

Planned Learning Activities and Teaching Methods

Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria

In-Term Studies	Quantity	Percentage
Yarıyıl İçi Çalışmalarının Başarı Notunun Katkısı	1	% 25
Yarıl yılSonu Sınavı/Dönem Projesinin Başarı Notuna Katkısı	1	% 50
Quiz/Küçük Sınav	2	% 25
Total	4	% 100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration	Total Work Load
Ders Dışı Sınav	1	30	30
Kısa Sınav	5	6	30
Okuma	5	3	15
Kişisel Çalışma	1	30	30
Yüz Yüze Ders	14	3	42
Final Sınavı	1	2	2
Total Work Load			Number of ECTS Credits 5 149

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:

No	Learning Outcomes
1	Define main topics, basic concepts and terminology of microeconomics.
2	Discuss the theoretical background of how people make decisions related to consumption and production.
3	Explain different cost concepts, demand and supply relations, competition and various market structures.
4	Discuss a few example applications of microeconomic theory on related societal issues.

Weekly Detailed Course Contents

Week	Topics	Study Materials	Materials
1	Ten Principles of Economics; Thinking Like an Economist	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.
2	Interdependence and the Gains from Trade; The Market Forces of Supply and Demand	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.
3	Elasticity and Its Application; Supply, Demand, and Government Policies	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.
4	Consumers, Producers, and the Efficiency of Markets; Application: The Costs of Taxation	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.
5	Application: International Trade; Externalities	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.
6	Public Goods and Common Resources; The Design of the Tax System	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.
7	The Costs of Production	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.
8	Firms in Competitive Markets	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.
9	Monopoly	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.
10	Monopolistic Competition; Oligopoly	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.
11	The Markets for the Factors of Production	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.
12	Earnings and Discrimination; Income Inequality and Poverty	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.
13	The Theory of Consumer Choice	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.
14	Frontiers of Microeconomics	Reading the relevant chapters and attempting to solve the end-of-chapter questions.	Mankiw, N. G. (2021). Principles of economics (9th edition). Cengage Learning, Inc.

Contribution of Learning Outcomes to Programme Outcomes

	P2	P3	P4	P5	P7	P8	P9	P10
C1	3	4		2	1	1	2	1
C2	3	2		3	1	1	2	1
C3	3	4	3	4	1	4	3	4
C4	1	1	3	5	1		4	4

Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant

https://sis.agu.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=70466&lang=en

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