TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. (ENGLISH) | |
| Code | ECOZ201 |
| Name | Microeconomics I |
| Term | 2019-2020 Academic Year |
| Semester | 3. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Öğr. Gör.Dr. MURAT PÜTÜN |
| Course Instructor |
Öğr. Gör.Dr. MURAT PÜTÜN
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
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
Course 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.
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | 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. |
| LO02 | Gain the ability of understanding the consumer behavior, consumption, decision and consumer choice, the role of income and price on these subjects. |
| LO03 | 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. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Explains Econometric concepts | 3 |
| PLO01 | - | Explains Econometric concepts | 3 |
| PLO02 | - | Acquires basic Mathematics, Statistics and Operation Research concepts | 4 |
| PLO02 | - | Acquires basic Mathematics, Statistics and Operation Research concepts | 3 |
| PLO03 | - | Equipped with the foundations of Economics, and develops Economic models | 3 |
| PLO03 | - | Equipped with the foundations of Economics, and develops Economic models | 3 |
| PLO04 | - | Describes the necessary concepts of Business | 4 |
| PLO04 | - | Describes the necessary concepts of Business | 4 |
| PLO05 | - | Models problems with Mathematics, Statistics, and Econometrics | 4 |
| PLO05 | - | Models problems with Mathematics, Statistics, and Econometrics | 3 |
| PLO06 | - | Estimates the model consistently and analyzes & interprets its results | 2 |
| PLO06 | - | Estimates the model consistently and analyzes & interprets its results | 4 |
| PLO07 | - | Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems | 3 |
| PLO07 | - | Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems | 4 |
| PLO08 | - | Collects, edits, and analyzes data | 4 |
| PLO08 | - | Collects, edits, and analyzes data | 3 |
| PLO09 | - | Uses a package program of Econometrics, Statistics, and Operation Research | 4 |
| PLO09 | - | Uses a package program of Econometrics, Statistics, and Operation Research | 3 |
| PLO10 | - | Effectively works, take responsibility, and the leadership individually or as a member of a team | 4 |
| PLO10 | - | Effectively works, take responsibility, and the leadership individually or as a member of a team | 5 |
| PLO11 | - | Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study | 4 |
| PLO11 | - | Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study | 3 |
| PLO12 | - | 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 | 5 |
| PLO12 | - | 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 | 4 |
| PLO13 | - | Uses Turkish and at least one other foreign language, academically and in the business context | 4 |
| PLO13 | - | Uses Turkish and at least one other foreign language, academically and in the business context | 5 |
| PLO14 | - | Good understanding, interpretation, efficient written and oral expression of the people involved | 3 |
| PLO14 | - | Good understanding, interpretation, efficient written and oral expression of the people involved | 4 |
| PLO15 | - | Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development | 3 |
| PLO15 | - | Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development | 4 |
| PLO16 | - | Questions traditional approaches and their implementation while developing alternative study programs when required | 4 |
| PLO16 | - | Questions traditional approaches and their implementation while developing alternative study programs when required | 5 |
| PLO17 | - | Recognizes and implements social, scientific, and professional ethic values | 5 |
| PLO17 | - | Recognizes and implements social, scientific, and professional ethic values | 3 |
| PLO18 | - | Follows actuality, and interprets the data about economic and social events | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Markets and price system. | reading | |
| 2 | Markets and price system. | reading | |
| 3 | Producers, consumers and competitive markets | reading | |
| 4 | Utility, budget constraints choice. | reading | |
| 5 | Utility, budget constraints choice. | reading | |
| 6 | Demand, revealed preferences, Slutsky Equation. | reading | |
| 7 | Buying-selling, intertemporal choices. | reading | |
| 8 | Mid-term Exam | prepare to exam | |
| 9 | Asset Markets | reading | |
| 10 | Asset Markets | reading | |
| 11 | Choice under uncertainty | reading | |
| 12 | Choice under uncertainty | reading | |
| 13 | Consumer surplus | reading | |
| 14 | Consumer surplus | reading | |
| 15 | Cost minimization, cost curves | reading | |
| 16 | Final exam | prepare to exam | |
| 17 | Final exam | prepare to exam |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 157 | ||
| Total Workload / 25 (h) | 6,28 | ||
| ECTS | 6 ECTS | ||