Graduate Education Institute · Health Management · Master
Course Objective
The aim of this course is to provide the students with the basic concepts and principles of economics. In general, basic market structures, law of supply and demand, consumer behavior with the help of consumption function, firm behavior in the product market and where and how the profit maximization of producers will occur, the basic microeconomics issues faced by market economies such as production process and input markets will be gained.
Course Content
This course is an introduction to the basic principles of microeconomics that analyzes the behavior and decisions of each unit of economics (households, firms and the state). The course covers the basic concepts of economics, market economy, supply, demand and price formation, flexibility and price control of the state, consumption theory, production and cost structure, market types and structures, factor markets and income distribution.
Required Resources
Current Works and Books
Explanations
The student should attend this course on time.
Rules
Attendance is compulsory in this course.
Course Learning Outcomes
- Will be able to define the basic concepts of microeconomics.
- Explain demand, supply and price mechanism.
- Will be able to explain the flexibility and the price control mechanism of the state.
- Will be able to explain factor markets and income distribution.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 4 | 64 |
| Midterm | 1 | 1 | 1 |
| Quiz | 0 | 0 | 0 |
| Assignment | 2 | 4 | 8 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 1 | 1 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction and Conceptual Introduction | Related Books |
| 2 | Introduction to Price Theory: Demand and Supply | Related Books |
| 3 | Introduction to Price Theory: Demand and Supply | Related Books |
| 4 | Perfect Competition Market | Related Books |
| 5 | Supply, Demand and Flexibility | Related Books |
| 6 | Introduction to Consumer Theory | Related Books |
| 7 | Cardinal and Ordinal Approach to Consumer Theory | Related Books |
| 8 | Midterm | Related books |
| 9 | Manufacturer Theory | Related Books |
| 10 | Manufacturer Theory | Related Books |
| 11 | Profit Maximization and Price Balance in Perfect Competition | Related Books |
| 12 | Imperfect Competition Market and Types | Related Books |
| 13 | Imperfect Competition Market and Types | Related books |
| 14 | Production Factors Price Analysis | Related Books |
| 15 | An overview | Related books |
| 16 | Final Exam | Related Books |