Geomatic Engineering
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

General course introduction information

Course Code:

EKO101

Course Name:

Microeconomics

Course Semester:

Fall

Course Credits:

Theoretical	Practical	Credit	ECTS
3	0	3	7

Language of instruction:

Course Requisites:

Does the Course Require Work Experience?:

Type of course:

Compulsory

Course Level:

Bachelor

TR-NQF-HE:6. Master`s Degree

QF-EHEA:First Cycle

EQF-LLL:6. Master`s Degree

Mode of Delivery:

Face to face

Course Coordinator :

Prof. Dr. FATMA ÇİĞDEM ÇELİK

Course Lecturer(s):

Prof. Dr. FATMA ÇİĞDEM ÇELİK
Dr.Öğr.Üyesi İREM YALKI
Dr.Öğr.Üyesi MEHMET GÖKHAN GÖKTAN
Assoc. Prof. ERDİNÇ ÜNAL
Assoc. Prof. OYA KENT BIRIK
Dr. BİLİNMİYOR BEKLER

Course Assistants:

Course Objective and Content

Course Objectives:

This an introductory course so the economic logic is introduced by the analitical models.The economic activities embrace all aspects of our lives.We lead our lives by decisions.Economics has a chain of logic while these decisions are taken.So the economic logic of optimization,equilibrium and empiricism principles are given and mastered in this course.With the examples of daily lives,the relationship between theory and experience are given as well.

Course Content:

Role of consumers, firms and employees as economic actors; economic interaction;
economic selection and constraints; consumer theory and demand; firm theory: production, cost and supply; general balance;
market structure; market failures; missing information; welfare; Examples from the world and Turkey.

Learning Outcomes

The students who have succeeded in this course;

Learning Outcomes

1 - Knowledge
Theoretical - Conceptual
1) Define basic microeconomic concepts.
2) Define the economic behavior of decision making individual economic players.
3) Gain an economic formation in understanding and evaluating statistics related to the general economy.
2 - Skills
Cognitive - Practical
1) Deines the market structures and problems related to individual markets
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Lesson Plan

Week	Subject	Related Preparation
1)	• Examines the course content. • Examines the concept of microeconomics. • Examines the course. • Discusses the basic microeconomics concept. • Discuss the emergence of microeconomics.	NONE
2)	• Examines the basic concepts of taking economic decisions. • Deines the factors of production. • Depicts the economic variables on graphs. • Discuss the model concept. • Define individual decisions. • Define the concept of scarcity. • Evaluates the Production Possibilities Model • Identify positive economics.
3)	PRICE MECHANISM • Evaluates demand function. •Discuss price and consumer behaviors. • Evaluates supply function. • Discuss price and producer behavior. • Define equilibrium price and quantity. • Formulate the demand and supply model by numerical examples.
4)	DEMAND and SUPPLY MODEL(cont'd)
5)	• Evaluates firm concept. • Explains the production decisions . • Evaluates the the short-run and long-run concepts. • Evaluates the goal of the traditional firm. • Discuss production decision of a firm.
6)	• Define cost variables. • Discuss the relationship of production and cost in the SR and LR. • Defines the shapes of the production and cost functions and draw them. • Analyze examples of individual firms.
7)	• Defines production in the context of the Neoclassical model. • Explain perfectly competitive firm. • Explain the equilibrium under competition. • Explains the static/dynamic analysis difference in relation to equilibrium. •Verifies his/her knowledge by the help of examples from life.
8)	Students are assessed by midterm exam.
9)	• List imperfect competion markets . • Discuss the differences of imperfectly competitive markets. • Explain the equilibrium under monopoly. • Explain the examples of monopoly from daily lives.
10)	• Defines the types of imperfectly competitive firms. • Classifies the types in relation to causes. • Examines the different markets.
11)	• Recognize the concept of labour market. • Discuss decisions of workers to work or not. • Discuss and explain the equilibrium in the labour market. • Explain the theory of absolute superiority. • Defines the relationship between the labour and output markets..
12)	• Explains capital as a factor of production. • Examines the difference between fixed capital and financial capital. • Examines how capital market works as a market of a resource. • Investigates the examples from different countries around the globe.
13)	• Defines and recognize choices of individual firms and markets . • Evaluates firms behaviours . • Evaluates the relationship between firm and the market structure. • Evaluates the current examples of firms,markets and problems on the basis of the knowledge experienced in the course.
14)	•Review
15)	• Students are evaluated with the final exam.	Study for final exam

Sources

Course Notes / Textbooks:	Prof.Dr.Tümay ERTEK Beta Yayınevi, 3. Baskı 2011 ISBN : 978-975-295-983-5 Temel Ekonomi Notları Prof.Dr.Fatma Çiğdem Çelik
References:	Prof.Dr.Tümay ERTEK Beta Yayınevi, 3. Baskı 2011 ISBN : 978-975-295-983-5 Temel Ekonomi Notları Prof.Dr.Fatma Çiğdem Çelik

Course-Program Learning Outcome Relationship

Learning Outcomes	1	2	4	3
Program Outcomes
1) Awareness of professional and ethical responsibility.
2) Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied information in these areas to model and solve engineering problems.
3) Ability to communicate effectively i Turkish, both orally and in writing; knowledge of a minimum of one foreign language.
4) Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development.
5) Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way so as to meet the desired result; ability to apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety isuues, and social and political issues according to the nature of the design.)
6) Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7) Ability to devise, select, and use modern techniques and tools needed for engineering practice; ability to employ information technologies effectively.
8) Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose.
9) Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions.
10) Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself.
11) Ability to design and conduct experiments, gather data, analyse and interpret results for investigating engineering problems.

Course - Learning Outcome Relationship

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	Awareness of professional and ethical responsibility.
2)	Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied information in these areas to model and solve engineering problems.
3)	Ability to communicate effectively i Turkish, both orally and in writing; knowledge of a minimum of one foreign language.
4)	Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development.
5)	Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way so as to meet the desired result; ability to apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety isuues, and social and political issues according to the nature of the design.)
6)	Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7)	Ability to devise, select, and use modern techniques and tools needed for engineering practice; ability to employ information technologies effectively.
8)	Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose.
9)	Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions.
10)	Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself.
11)	Ability to design and conduct experiments, gather data, analyse and interpret results for investigating engineering problems.

Learning Activity and Teaching Methods

Field Study
Lesson
Reading
Homework

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Oral Examination
Individual Project

Assessment & Grading

Semester Requirements	Number of Activities	Level of Contribution
Quizzes	1	% 20
Midterms	1	% 30
Final	1	% 50
total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
total		% 100

Workload and ECTS Credit Grading

Activities	Number of Activities	Workload
Course Hours	15	45
Application	1	10
Study Hours Out of Class	16	48
Project	2	36
Homework Assignments	1	12
Midterms	1	12
Final	1	12
Total Workload		175