Faculty of Business and Management Sciences · Islamic Economics and Finance (English) · Undergraduate
ECTS: 5 T+P+L: 3+0+0 Compulsory
Coordinator: Arş. Gör. Zehra Killik
Course Objective
The aim of this course is to provide an understanding of the behavior and preferences of economic units and with structures of market.
Course Content
This course aims to ensure that students grasp key concepts such as the market mechanism; how consumers make economic decisions in their daily lives; how producers make production decisions and minimize costs during the production process; the nature of government intervention in the market; how firms maximize profits under free-market conditions; how profit maximization is achieved in monopoly, monopolistic competition, and oligopoly markets; and how firms determine their demand for factors of production.
Core Area Distribution
(31) Social and Behavioural Science%50 (34) Business and Administration%30 (46) Mathematics and Statistics%20
Teaching Methods
ExpressionQuestion-AnswerDiscussionExercise and PracticePresentationSelf studyProblem Solving
Assessment & Evaluation
HomeworkTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 2 | 32 |
| Midterm | 1 | 6 | 6 |
| Quiz | 2 | 8 | 16 |
| Assignment | 4 | 8 | 32 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 20 | 20 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Course Description | - |
| 2 | Economic Models & Mathematics for Microeconomics | Chapter 1 & 2 |
| 3 | Preferences and Utility | Chapter 3 |
| 4 | Utility Maximization and Choice | Chapter 4 |
| 5 | Income and Subtitution Effects | Chapter 5 |
| 6 | Demand Relationships among Goods | Chapter 6 |
| 7 | Uncertainty and Information | Chapter 7 |
| 8 | Midterm | Quiz 1 (Chapters 1, 2, 3 and 4) |
| 9 | Strategy and Game Theory | Chapter 8 |
| 10 | Production Functions | Chapter 9 |
| 11 | Cost Functions | Chapter 10 |
| 12 | Profit Maximization | Chapter 11 |
| 13 | The Partial Equilibrium Competitive Model | Chapter 12 |
| 14 | General Equilibrium and Welfare | Chapter 13 |
| 15 | Monopoly & Imperfect Competition | Chapter 14&15 |
| 16 | Final | All Chapters |