TÜRKÇE
ENGLISH
Information
| Code | IKZ201 |
| Name | Microeconomics I |
| 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 |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. NEŞE ALGAN |
Course Goal
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
There are no prerequisites.
Resources
Zeynel Dinler, Microeconomics
Notes
Erdal Ünsal, Microeconomics
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. |
| LO04 | Defines the concepts of supply and demand. |
| LO05 | Have knowledge about markets and market equilibrium. |
| LO06 | Solve cost theory and cost minimization questions. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the basic concepts and theorems in the fields of Econometrics, Statistics and Operations research | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires basic Mathematics, Statistics and Operation Research concepts | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Describes the necessary concepts of Business | 3 |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Equipped with the foundations of Economics, and develops Economic models | 5 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Has the ability to analyze/interpret at the conceptual level to develop solutions to problems | |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data | |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Interprets the results analyzed with the model | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field which does not research | 5 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | It develops traditional approaches, practices and methods into new working methods when it deems necessary | 4 |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | In addition to herself/himself professional development, constantly improves in scientific, cultural, artistic and social fields in line with interests and abilities | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in its field. | |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses Turkish and at least one other foreign language, academically and in the business context | |
| PLO16 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Interprets the feelings, thoughts and behaviors of the related persons correctly/expresses himself/herself correctly in written and verbal form | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on current economic and social issues | 5 |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | demand and supply | Reading | Öğretim Yöntemleri: Anlatım |
| 2 | Markets and price system | Reading | Öğretim Yöntemleri: Anlatım |
| 3 | Producers, consumers and competitive markets | Reading | Öğretim Yöntemleri: Anlatım |
| 4 | Utility, budget constraints choice | Reading | Öğretim Yöntemleri: Anlatım |
| 5 | Production Technology and Theory | Reading | Öğretim Yöntemleri: Anlatım |
| 6 | Demand, Revealed Preferences, Slutsky Equation | Reading | Öğretim Yöntemleri: Anlatım |
| 7 | Buying-Selling, intertemporal choices | Reading | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Asset Markets | Reading | Öğretim Yöntemleri: Anlatım |
| 10 | Choice under uncertainity | Reading | Öğretim Yöntemleri: Anlatım |
| 11 | Consumer Surplus | Reading | Öğretim Yöntemleri: Anlatım |
| 12 | Cost minimization, Cost Curves | Reading | Öğretim Yöntemleri: Anlatım |
| 13 | Production Maximization | Reading | Öğretim Yöntemleri: Anlatım |
| 14 | Firms Supply, Industry Supply | Reading | Öğretim Yöntemleri: Anlatım |
| 15 | General Assessment | Reading | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams-2 | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
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 | ||