IKZ201 Microeconomics I

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

Information

Code IKZ201
Name Microeconomics I
Term 2023-2024 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
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Prof. Dr. NEŞE ALGAN
Course Instructor Doç. Dr. SANLI ATEŞ (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

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

Update Time: 09.05.2023 09:13