COURSE INFORMATON
Course Title Code Semester L+P Hour Credits ECTS
Microeconomics I ECOZ   201 3 3 3 6

Prerequisites and co-requisites
Recommended Optional Programme Components None

Language of Instruction English
Course Level First Cycle Programmes (Bachelor's Degree)
Course Type
Course Coordinator Prof.Dr. Hüseyin Mahir FİSUNOĞLU
Instructors
Prof.Dr.HÜSEYİN MAHİR FİSUNOĞLU1. Öğretim Grup:A
 
Assistants
Goals
Microeconomics deals with micro units in economics such as individual or households, firms (big or small), and the relationships between them. As supply, demand, scarcity, efficiency and productivity, the price system, households, firms, markets (perfectly competitive or imperfectly competitive or factors of production) was taught, the way we get rational decisions, and rational choice will be analysedi
Content
In this module; problems of economic systems, economic events, sides of economic events and their modes of behaviors, consumer theory and profit maximization, profit maximization theory of the firm, firms decision-making processes in different markets and the factor markets will be analyzed.

Learning Outcomes
1) Have a basic understanding of basic economic terms such as scarcity, choice, efficiency, opportunity cost, factors of production, supply, demand, profit, cost, the price system, wage, interest, rate, rent.
2) Gain the ability of understanding the consumer behavior, consumption, decision and consumer choice, the role of income and price on these subjects.
3) Understand production decision by firm, factors of production and cost of production, short and long term decisions and short and long term costs, and their impacts on profits.
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Course's Contribution To Program
NoProgram Learning OutcomesContribution
12345
1
Explains Econometric concepts
X
2
Acquires basic Mathematics, Statistics and Operation Research concepts
X
3
Equipped with the foundations of Economics, and develops Economic models
X
4
Describes the necessary concepts of Business
X
5
Models problems with Mathematics, Statistics, and Econometrics
X
6
Estimates the model consistently and analyzes & interprets its results
X
7
Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems
X
8
Collects, edits, and analyzes data
X
9
Uses a package program of Econometrics, Statistics, and Operation Research
X
10
Effectively works, take responsibility, and the leadership individually or as a member of a team
X
11
Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study
X
12
Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied
X
13
Uses Turkish and at least one other foreign language, academically and in the business context
X
14
Good understanding, interpretation, efficient written and oral expression of the people involved
X
15
Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development
X
16
Questions traditional approaches and their implementation while developing alternative study programs when required
X
17
Recognizes and implements social, scientific, and professional ethic values
X
18
Follows actuality, and interprets the data about economic and social events
X

Course Content
WeekTopicsStudy Materials _ocw_rs_drs_yontem
1 Markets and price system. reading Lecture
Homework
2 Markets and price system. reading Lecture
Homework
3 Producers, consumers and competitive markets reading Lecture
Homework
4 Utility, budget constraints choice. reading Lecture
Homework
5 Utility, budget constraints choice. reading Lecture
Homework
6 Demand, revealed preferences, Slutsky Equation. reading Lecture
Homework
7 Buying-selling, intertemporal choices. reading Lecture
Homework
8 Mid-term Exam prepare to exam Testing
9 Asset Markets reading Lecture
Homework
10 Asset Markets reading Lecture
Homework
11 Choice under uncertainty reading Lecture
Homework
12 Choice under uncertainty reading Lecture
Homework
13 Consumer surplus reading Lecture
Homework
14 Consumer surplus reading Lecture
Homework
15 Cost minimization, cost curves reading Lecture
Homework
16-17 Final exam prepare to exam Testing

Recommended or Required Reading
Textbook
Additional Resources