ISTANBUL OKAN UNIVERSITY INFORMATION PACKAGE / COURSE CATALOGUE
| International Finance | |||||
| 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: |
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| Language of instruction: | TR | ||||||||
| Course Requisites: | |||||||||
| Does the Course Require Work Experience?: | No | ||||||||
| Type of course: | Compulsory | ||||||||
| Course Level: |
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| 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 |
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| 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;
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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 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Program Outcomes | |||||||||||||||||
| 1) Explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models. | |||||||||||||||||
| 1) -explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models. | |||||||||||||||||
| 2) employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | |||||||||||||||||
| 2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | |||||||||||||||||
| 3) recognize and assess legal environment in banking and insurance industries | |||||||||||||||||
| 3) Recognize and assess legal environment in banking and insurance industries. | |||||||||||||||||
| 4) Explain ongoing operational and managerial methods in banking and insurance industries. | |||||||||||||||||
| 4) explain ongoing operational and managerial methods in banking and insurance industries. | |||||||||||||||||
| 5) Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures. | |||||||||||||||||
| 5) discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures. | |||||||||||||||||
| 6) develop the capacity to assess current global economic issues. | |||||||||||||||||
| 6) Develop the capacity to assess current global economic issues. | |||||||||||||||||
| 7) express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | |||||||||||||||||
| 7) Translate and explain the content of the documents written in English related to the field . | |||||||||||||||||
| 8) translate and explain the content of the documents written in English related to the field . | |||||||||||||||||
| 8) Express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | |||||||||||||||||
| 9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. | |||||||||||||||||
| 9) identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. | |||||||||||||||||
Course - Learning Outcome Relationship
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models. | 2 |
| 1) | -explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models. | 1 |
| 2) | employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | 1 |
| 2) | Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | 4 |
| 3) | recognize and assess legal environment in banking and insurance industries | |
| 3) | Recognize and assess legal environment in banking and insurance industries. | 2 |
| 4) | Explain ongoing operational and managerial methods in banking and insurance industries. | 3 |
| 4) | explain ongoing operational and managerial methods in banking and insurance industries. | 3 |
| 5) | Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures. | 2 |
| 5) | discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures. | |
| 6) | develop the capacity to assess current global economic issues. | |
| 6) | Develop the capacity to assess current global economic issues. | 2 |
| 7) | express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | |
| 7) | Translate and explain the content of the documents written in English related to the field . | 3 |
| 8) | translate and explain the content of the documents written in English related to the field . | |
| 8) | Express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | |
| 9) | Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. | 2 |
| 9) | identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. |
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 | |