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 |