UGİ105

School of Economics and Administrative Sciences \ International Entrepreneurship

3

6

Compulsory

English

-

Department of International Entrepreneurship (Compulsory)
All Other Departments (Elective)

Microeconomics is a branch of economics that studies how individuals, households, and firms make decisions to allocate limited resources. It focuses on the behavior of these individual economic agents and how they interact to form markets and the overall economy.  

David Colander, Economics, 9th edition, McGraw-Hill/Irwin, 2013.
Supportive Prof. Erdinc Telatar (ed.) (in Turkish), Ekonominin Temelleri, (Economics, William Boyes and Michael Melvin)

The course aims to familiarize students with basic economic concepts, economic thinking and methodology in English and Turkish. Students learn about market interactions between consumers and producers and the decision-making processes of producers in various market structures such as scarcity, rational choice, opportunity cost, perfect competition, monopoly and oligopoly. It also aims to teach students to analyze the consequences of potential government policies in each type of market equilibrium.

1. Has the ability to communicate orally and in writing about basic microeconomic concepts in English.
2. Understand and analyse the relationship between microeconomic concepts and entrepreneurship.

Week 1: What is economics?
Week 2: Production possibilities, opportunity cost
Week 3: Demand, supply and competitive equilibrium
Week 4: Demand, supply and competitive equilibrium
Week 5: Supply and Demand Elasticities
Week 6: The Logic of Individual choice: Supply and Demand
Week 7: Market failure versus Government failure
Week 8: Production and cost analysis I
Week 9: Production and cost analysis II
Week 10: Perfect Competition
Week 11: Monopoly and monopolistic competition
Week 12: Oligopoly

• Midterm %40
• Final % 60