TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. | |
| Code | IKZ201 |
| Name | Microeconomics I |
| Term | 2021-2022 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 |
Doç. Dr. SANLI ATEŞ
(Güz)
(A 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 | - | Explains Econometric concepts | 5 |
| PLO02 | - | Acquires basic Mathematics, Statistics and Operation Research concepts | 4 |
| PLO03 | - | Equipped with the foundations of Economics, and develops Economic models | 4 |
| PLO04 | - | Describes the necessary concepts of Business | 3 |
| PLO05 | - | Models problems with Mathematics, Statistics, and Econometrics | 4 |
| PLO06 | - | Estimates the model consistently and analyzes & interprets its results | 1 |
| PLO07 | - | Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems | 5 |
| PLO08 | - | Collects, edits, and analyzes data | 1 |
| 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 |
| PLO11 | - | Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study | 1 |
| 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 | 3 |
| PLO13 | - | Uses Turkish and at least one other foreign language, academically and in the business context | 2 |
| PLO14 | - | Good understanding, interpretation, efficient written and oral expression of the people involved | 1 |
| PLO15 | - | Improves himself/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development | 2 |
| PLO16 | - | Questions traditional approaches and their implementation while developing alternative study programs when required | 2 |
| PLO17 | - | Recognizes and implements social, scientific, and professional ethic values | 1 |
| PLO18 | - | Follows actuality, and interprets the data about economic and social events |
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 | ||