ANTALYA BİLİM UNIVERSITY
Course Information Package

POLS 155 - Principles of Microeconomics

Basic Information

Course Code:
POLS 155
Course Name:
Principles of Microeconomics
Language of Instruction:
English
Course Type:
Class
Course Level:
Bachelor
ECTS:
6.00
Instructor:
Dr. Öğr. Üyesi Melike ÇETİN

Course Objectives

This course aims to equip students with the fundamental principles and analytical tools of microeconomics. By covering economic decision-making processes, the supply-demand mechanism, elasticity, market efficiency, production costs, and different market structures (perfect competition, monopoly, monopolistic competition, oligopoly), the course develops students' competence in analysing market functioning and developing a critical perspective on economic phenomena.

Course Content

The course begins with the basic principles of economics and economic thinking, then examines interdependence and the gains from trade. The supply-demand mechanism, the concept of elasticity, and the effects of government policies on markets are covered. Market efficiency is analysed through the framework of consumer and producer surplus. After examining production costs and firm behaviour, perfect competition, monopoly, monopolistic competition, and oligopoly market structures are comparatively evaluated. The course concludes with markets for factors of production and the theory of consumer choice.

Prerequisites / Corequisites

None

Course Books / Materials / Recommended Resources

* N. Gregory Mankiw, (2021) Principles of Microeconomics, Cengage Learning. * David Shapiro, Daniel MacDonald, Steven A. Greenlaw et al., (2022) Principles of Microeconomics, OpenStax (Rice University).* Karl E. Case, Ray C. Fair, Sharon E. Oster, (2019) Principles of Microeconomics, Global Edition, Pearson.* Stevenson, Betsey;Wolfers, Justin, (2019) Principles of Microeconomics, Worth Publishers.* Magnus Hoffmann; Martin Kolmar, (2022) Workbook for Principles of Microeconomics, Classroom companion.

Learning Outcomes

Code Description
LO1 Students will be able to define the fundamental principles and concepts of economics, and explain the functioning of the supply-demand mechanism.
LO2 Students will be able to analyse the concept of elasticity and the effects of government policies on market equilibrium, and evaluate market efficiency by calculating consumer and producer surplus.
LO3 Students will be able to draw graphs used in microeconomic theory and models, and interpret economic data graphically.
LO4 Students will be able to analyse production costs and comparatively evaluate different market structures (perfect competition, monopoly, monopolistic competition, oligopoly).
LO5 Students will be able to analyse markets for factors of production and the theory of consumer choice, and evaluate economic decision-making processes.

Weekly Course Content

Week Content
1 Ten Principles of Economics
2 Thinking Like an Economist
3 Interdependence and the Gains from Trade
4 The Market Forces of Supply and Demand
5 Elasticity and Its Application
6 Supply, Demand, and Government Policies
7 Consumers, Producers, and the Efficiency of Markets
8 Midterm Exam
9 The Costs of Production
10 Firms in Competitive Markets
11 Monopoly
12 Monopolistic Competition
13 Oligopoly
14 The Markets for the Factors of Production
15 The Theory of Consumer Choice

Workload Calculation

Activity Count Duration (Hours) Total
Attendance 15 3.00 45.00
Pre-Class Individual Study 15 2.00 30.00
Midterm Exam/Preparation 1 15.00 15.00
Final Exam/Preparation 1 30.00 30.00
Homework 1 15.00 15.00
Total Workload (Hours) 135
ECTS Credit (Workload / 25) 5

Assessment

# Assessment Type Contribution (%)
1 Midterm Exam %40
2 Final Exam %60
TOTAL %100

PO - LO Matrix

PO \ LO
LO1
LO2
LO3
LO4
LO5
PO-1
PO-2
PO-3
PO-4
PO-5
PO-6
PO-7
1
Low Contribution
2
Medium Contribution
3
High Contribution

Teaching and Learning Methods

# Method Name Description Tools
1 Lecture (expository teaching), interactive discussion Listening and taking notes. Standard classroom technologies, multimedia tools (projector, computer, digital presentations)
2 Controversial Course Listening and comprehension, critical thinking Standard classroom technologies, multimedia tools, projector, computer, overhead projector
3 Small Group Discussion Listening and comprehension, processing observations/situations, critical thinking, question development Standard classroom technologies, multimedia tools, projector, computer, overhead projector
4 Homework Solving and analyzing homework questions using a computer and Excel. Computer

Academic Integrity and Artificial Intelligence

Violations of scholastic honesty include, but are not limited to cheating, plagiarizing, fabricating information or citations, facilitating acts of dishonesty by others, having unauthorized possession of examinations, submitting work of another person or work previously used without informing the instructor, or tampering with the academic work of other students. Any form of scholastic dishonesty is a serious academic violation and will result in disciplinary action. Regarding the use of generative artificial intelligence (GenAI) tools in this course, the provisions of the 'Ethical Guide on the Use of Generative Artificial Intelligence in Scientific Research and Publication Activities of Higher Education Institutions (2024)' published by the Council of Higher Education (YÖK) shall apply.

Sustainable Development Goals

SDG 1
SDG 8
SDG 10
SDG 16
SDG 17