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Information
| Code | TEP301 |
| Name | Microeconomics |
| Semester | 5. Semester |
| Duration (T+A) | 2-0 (T-A) (17 Week) |
| ECTS | 3 ECTS |
| National Credit | 2 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. ŞİNASİ AKDEMİR |
Course Goal
is able to build economic models and conduct mathematical analysis of consumers and producers preferences Can analyze the formation of company and industry balance in perfect and imperfect competititon markets. Can analyze the formation of company and industry balance in factor market. is able to use mathematical tools for economic analysis of agricultural production and interpret the analysis results.
Course Content
The historical development of the economy, the fundamental problems of the economy, economic systems, economic events, the supply-demand balance of the market, elasticity theory and the concepts of the theory of consumer and producer behavior, production costs, price theory, conception of price theory, markets and market types, imperfect competition conditions, price analysis of production factors, general equilibrium of price, micro economic market failures.
Course Precondition
None
Resources
Mikro İktisat ,Teori ve Uygulamalar. Nobel yayınları. Edgar K. Browning.
Notes
Lecture notes and slides.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | is able to build economic models and conduct mathematical analysis of consumers and producers preferences |
| LO02 | Can analyze the formation of company and industry balance in perfect and imperfect competititon markets. |
| LO03 | Can analyze the formation of company and industry balance in factor market. |
| LO04 | is able to use mathematical tools for economic analysis of agricultural production and interpret the analysis results. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | is be able to explain and apply basic theories related to major science and engineering courses in order to form a foundation which enables him/her to understand advanced level subjects related to his/her profession | 3 |
| PLO02 | Bilgi - Kuramsal, Olgusal | is able to describe, intorduce and evaluate crop and animal production techniques, tools and equipment used in this area and explain role, importance and development of agriculture in national and world economy | |
| PLO03 | Bilgi - Kuramsal, Olgusal | is able to describe characteristics and interrelations of all stages from production to consumption in agricultural sector; is able to describe basic concepts related to efficienct and sustianable use of resources; is able to explain and apply basic economic principles used for this purpose | |
| PLO04 | Bilgi - Kuramsal, Olgusal | is able to explain concepts, thought, theory and methods related to major economic, social, natural, cultural, institutional, organizational and legal factors affecting activities in agricultural sector and rural areas, also national and international forces and interaction between them, their universal and social effects | |
| PLO05 | Bilgi - Kuramsal, Olgusal | is able to apply basic principles of economics to the problemes encountered in agricultural sector | 5 |
| PLO06 | Bilgi - Kuramsal, Olgusal | is able to show and express economic and social data to be used in agricultural decision making process in tables, graphs and mathematical symbols | |
| PLO07 | Bilgi - Kuramsal, Olgusal | is able to apply ecosystem, biodiversity, sustainable resource management, rural development, planning and technology use related knowledge to crop and animal production and marketing processes | |
| PLO08 | Bilgi - Kuramsal, Olgusal | determines required data related to the analysis of problems encountered in agricultural sector, critically examines and uses those data, selects a proper frame, model and method for the analysis, and evaluates results of the analysis | 5 |
| PLO09 | Bilgi - Kuramsal, Olgusal | uses basic information technologies in the analysis of economic and social data and uses software prepared for this purpose and interpretes results | 5 |
| PLO10 | Bilgi - Kuramsal, Olgusal | is able to carry studies related to his/her field independently and according to the legal procedures; is able to give consultancy, supervising, and expertise services in those fields; is able to join to team works | |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | is able to get access to actual and updated information in the field; is able to inquire knowledge obtained and use them for public benefit according to the purpose selected | 3 |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | is able to communicate with sepacialist and non-specialist people both in verbal and written form; is able to select most appropriate communications methods; is able to develop cooperation with stakeholders on producer and organization basis | |
| PLO13 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | acquires general and professional foreign language command at a sufficient level to observe professional developments and communicate with colleagues;is able to use information and communication technologies | |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | is able to identify problems that can be encountered in agricultural sector; determines their context, evaluates effects of solutions, projects and policies applied in this context, produces solutions, projects and policy alternatives, foresees possible effects of alternatives suggested by himself/herself or others, selects the most appropriate alternative in terms of the goals selected, applies, direcs and monitors project | |
| PLO15 | Yetkinlikler - Öğrenme Yetkinliği | is able to describe historical development of the profession, ethical principles obligatory during the performance of the profession and to be consicous of meticulous application of these principles |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Basic problems of Economics, theoretical framework | Lecture notes and recommended resources for the relevant sections | Öğretim Yöntemleri: Anlatım |
| 2 | Consumer theory,marginal utility policy, consumer balance (Cardinal approach) | Lecture notes and recommended resources for the relevant sections | Öğretim Yöntemleri: Anlatım |
| 3 | Indifference Curve and Consumer Equilibrium | Lecture notes and recommended resources for the relevant sections | Öğretim Yöntemleri: Anlatım |
| 4 | Consumer income, prices and change of prefereneces, consumer Equilibrium, income and subsitution effects | Lecture notes and recommended resources for the relevant sections | Öğretim Yöntemleri: Anlatım |
| 5 | Production Function, lowest cost production, cost theory, supply analysis | Lecture notes and recommended resources for the relevant sections | Öğretim Yöntemleri: Anlatım |
| 6 | Perfect Competition Market Equilibrium and partial equilibrium analysis | Lecture notes and recommended resources for the relevant sections | Öğretim Yöntemleri: Anlatım |
| 7 | The reasons of imperfect competition market and monopoly | Lecture notes and recommended resources for the relevant sections | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | Price theory of production factors, demand of production factors, marginal productivity theory | Lecture notes and recommended resources for the relevant sections | Öğretim Yöntemleri: Anlatım |
| 10 | Price theory of production factors, demand of production factors, marginal productivity theory, | Lecture notes and recommended resources for the relevant sections | Öğretim Yöntemleri: Anlatım |
| 11 | Labor and wages, interest, capital, and natural resources and rant, entrepreneurship and profit | Lecture notes and recommended resources for the relevant sections | Öğretim Yöntemleri: Anlatım |
| 12 | General equilibrium and welfare economics, micro-economic market failures: public goods | Lecture notes and recommended resources for the relevant sections | Öğretim Yöntemleri: Anlatım |
| 13 | Micro-economic market failures:externalities | Lecture notes and recommended resources for the relevant sections | Öğretim Yöntemleri: Anlatım |
| 14 | Micro-economic market failures: asimetric information | Lecture notes and recommended resources for the relevant sections | Öğretim Yöntemleri: Anlatım |
| 15 | General Review | All course notes and resources | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
|
| 17 | Term Exams, | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 2 | 28 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 2 | 28 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 6 | 6 |
| Final Exam | 1 | 16 | 16 |
| Total Workload (Hour) | 78 | ||
| Total Workload / 25 (h) | 3,12 | ||
| ECTS | 3 ECTS | ||