KIUS
English


BUSINESS ADMINISTRATION (ENGLISH) PROGRAMME
COURSE DESCRIPTION
Name of the Course Unit Code Year Semester In-Class Hours (T+P) Credit ECTS Credit
MICROECONOMICS ECO201 2 3 3+0 3.0 6.0


No
 Key Learning Outcomes of the Course Unit
On successful completion of this course unit, students/learners will or will be able to: 		PROGRAMME LEARNING OUTCOMES
1 Student who has completed Microeconomics should be able to think critically and be able to apply economic reasoning in making personal and business decisions and in analyzing public policies. 1 (5), 2 (4), 3 (5), 4 (4), 5 (5), 6 (4), 7 (5), 8 (5), 9 (3), 10 (5)
2 Students should be able to interpret graphs, charts and other forms of data to become economically literate.1 (5), 2 (4), 3 (5), 4 (4), 5 (5), 6 (4), 7 (5), 8 (5), 9 (3), 10 (5)
3 Explain the cost of choices and trade-offs Illustrate society’s trade-offs by using a production possibilities frontier (or curve) Explain the assumption of rationality by individuals and firms Define marginal analysis Differentiate between positive and normative statements1 (5), 2 (4), 3 (5), 4 (4), 5 (5), 6 (4), 7 (5), 8 (5), 9 (3), 10 (5)
4 Explain the determinants of demand Explain the determinants of supply Explain and graphically illustrate market equilibrium, surplus and shortage1 (5), 2 (5), 3 (5), 4 (4), 5 (5), 6 (4), 7 (5), 8 (5), 9 (3), 10 (5)
5 Explain the price elasticity of demand and price elasticity of supply, and compute both using the midpoint method1 (5), 2 (5), 3 (5), 4 (4), 5 (5), 6 (4), 7 (5), 8 (5), 9 (3), 10 (5)
6 Define and calculate consumer, producer and total surplus; graphically illustrate consumer, producer and total surplus1 (5), 2 (4), 3 (5), 4 (4), 5 (5), 6 (4), 7 (5), 8 (5), 9 (3), 10 (5)
7 Define the concept of utility and satisfaction.Calculate and graph the firm’s fixed, variable, average, marginal and total costs; calculate and graph the firm’s average, marginal and total revenues; determine the profit maximizing output level and price using graphs and demand schedules; is able to calculate and graphically illustrate where marginal revenue equals marginal costs1 (5), 2 (4), 3 (5), 4 (4), 5 (5), 6 (4), 7 (5), 8 (5), 9 (3), 10 (5)
8 Define the term “production” and explain what a production function is; define the term “production inputs,” and differentiate between labor, land, capital, entrepreneurship, technology1 (5), 2 (5), 3 (5), 4 (4), 5 (5), 6 (4), 7 (5), 8 (5), 9 (3), 10 (5)
9 Define the characteristics of Perfect Competition1 (5), 2 (5), 3 (5), 4 (4), 5 (5), 6 (4), 7 (5), 8 (5), 9 (3), 10 (5)
10 Define the characteristics of a monopoly, Oligopoly and monopolistically competitive industry1 (5), 2 (5), 3 (5), 4 (4), 5 (5), 6 (4), 7 (5), 8 (5), 9 (3), 10 (5)
EBS : Kıbrıs İlim Üniversitesi Eğitim Öğretim Bilgi Sistemi Kıbrıs İlim Üniversitesi AKTS Bilgi Paketi AKTS Bilgi Paketi ECTS Information Package Avrupa Kredi Transfer Sistemi (AKTS/ECTS), Avrupa Yükseköğretim Alanı (Bologna Süreci) hedeflerini destekleyen iş yükü ve öğrenme çıktılarına dayalı öğrenci/öğrenme merkezli öğretme ve öğrenme yaklaşımı çerçevesinde yükseköğretimde uluslarası saydamlığı arttırmak ve öğrenci hareketliliği ile öğrencilerin yurtdışında gördükleri öğrenimleri kendi ülkelerinde tanınmasını kolaylaştırmak amacıyla Avrupa Komisyonu tarafından 1989 yılında Erasmus Programı (günümüzde Yaşam Boyu Öğrenme Programı) kapsamında geliştirilmiş ve Avrupa ülkeleri tarafından yaygın olarak kabul görmüş bir kredi sistemidir. AKTS, aynı zamanda, yükseköğretim kurumlarına, öğretim programları ve ders içeriklerinin iş yüküne bağlı olarak kolay anlaşılabilir bir yapıda tasarlanması, uygulanması, gözden geçirilmesi, iyileştirilmesi ve bu sayede yükseköğretim programlarının kalitesinin geliştirilmesine ve kalite güvencesine önemli katkı sağlayan bir sistematik yaklaşım sunmaktadır. ETIS : İstanbul Aydın University Education & Training System Cyprus Science University ECTS Information Package ECTS Information Package European Credit Transfer and Accumulation System (ECTS) which was introduced by the European Council in 1989, within the framework of Erasmus, now part of the Life Long Learning Programme, is a student-centered credit system based on the student workload required to achieve the objectives of a programme specified in terms of learning outcomes and competences to be acquired. The implementation of ECTS has, since its introduction, has been found wide acceptance in the higher education systems across the European Countries and become a credit system and an indispensable tool supporting major aims of the Bologna Process and, thus, of European Higher Education Area as it makes teaching and learning in higher education more transparent across Europe and facilitates the recognition of all studies. The system allows for the transfer of learning experiences between different institutions, greater student mobility and more flexible routes to gain degrees. It also offers a systematic approach to curriculum design as well as quality assessment and improvement and, thus, quality assurance.