IKZ201 Microeconomics I

6 ECTS - 3-0 Duration (T+A)- 3. Semester- 3 National Credit

Information

Unit FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES
ECONOMICS PR.
Code IKZ201
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 Türkçe
Level Lisans Dersi
Type Normal
Label C Compulsory
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Prof. Dr. NEŞE ALGAN
Course Instructor Dr. Öğr. Üyesi MUSTAFA ILDIRAR (Güz) (A Group) (Ins. in Charge)
Prof. Dr. NEŞE ALGAN (Güz) (B Group) (Ins. in Charge)


Course Goal / Objective

This is a two term course which teaches the micro foundations of the economy

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 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.
LO03 Gain knowledge about functions of markets in economy, perfect and imperfect competition, and their importance on consumer wealth, along with policy options to correct the markets.


Relation with Program Learning Outcome

Order Type Program Learning Outcomes Level
PLO01 - Explain the importance of demand and supply in economy science and the well-running conditions of the market economy 5
PLO01 - Explain the importance of demand and supply in economy science and the well-running conditions of the market economy 3
PLO02 - Define the role of pricing within the event advantage of the market economy. 4
PLO02 - Define the role of pricing within the event advantage of the market economy. 3
PLO03 - Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. 3
PLO03 - Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. 4
PLO04 - Perceive the costs and benefits arising from the global economy 3
PLO04 - Perceive the costs and benefits arising from the global economy 4
PLO05 - Produce numerical and policy options when confronted with problems. 4
PLO05 - Produce numerical and policy options when confronted with problems. 4
PLO06 - Use quantitative and qualitative techniques of model building, decoding and interpretation. 2
PLO06 - Use quantitative and qualitative techniques of model building, decoding and interpretation. 1
PLO07 - Use the theory of economics in the analysis of economic events. 5
PLO07 - Use the theory of economics in the analysis of economic events. 4
PLO08 - Use computer programs, do synthesis and present prepared data efficiently. 1
PLO08 - Use computer programs, do synthesis and present prepared data efficiently. 3
PLO09 - Apply the methods of economic analysis. 3
PLO09 - Apply the methods of economic analysis. 4
PLO10 - Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems 4
PLO10 - Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems 4
PLO11 - Take responsibility individually and / or in a team, take leadership and work effectively. 1
PLO11 - Take responsibility individually and / or in a team, take leadership and work effectively. 3
PLO12 - Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. 5
PLO12 - Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. 3
PLO13 - Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. 4
PLO13 - Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. 2
PLO14 - Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. 4
PLO14 - Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. 1
PLO15 - Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. 2
PLO15 - Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. 3
PLO16 - Question traditional attitudes, applications and methods, develop and apply new methods when needed. 2
PLO16 - Question traditional attitudes, applications and methods, develop and apply new methods when needed. 4
PLO17 - Recognize and apply social, scientific and professional ethical values. 1
PLO17 - Recognize and apply social, scientific and professional ethical values. 5


Week Plan

Week Topic Preparation Methods
1 demand and supply 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 Choice under uncertainity Reading
11 Consumer Surplus Reading
12 Cost minimization, Cost Curves Reading
13 Cost minimization, Cost Curves Reading
14 Firms Supply, Industry Supply Reading
15 General Assessment Reading
16 Term Exams prepare to exam
17 Term Exams 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

Update Time: 01.05.2025 12:15