TÜRKÇE
ENGLISH
Information
| Code | ECOZ201 |
| 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 | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Öğr. Gör.Dr. MURAT PÜTÜN |
| Course Instructor |
Öğr. Gör.Dr. MURAT PÜTÜN
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
Microeconomics deals with micro units in economics such as individual or households, firms (big or small), and the relationships between them. As supply, demand, scarcity, efficiency and productivity, the price system, households, firms, markets (perfectly competitive or imperfectly competitive or factors of production) was taught, the way we get rational decisions, and rational choice will be analysedi
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 course prerequisites.
Resources
Modern Microeconomics- Anna Koutsoyiannis
Notes
Intermediate Microeconomics: A Modern Approach- Hal Varian
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Understands how to look at the economy at a micro level. |
| LO02 | Emphasizes the place of consumers in the market and their contribution to the economy. |
| LO03 | Has a comprehensive understanding of consumer theory and producer concept. |
| LO04 | Understands the relationship between utility, choice and preferences. |
| LO05 | Uses mathematics and graphs in common economic applications |
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 | |
| 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 | 2 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Has the ability to analyze/interpret at the conceptual level to develop solutions to problems | 3 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data | 1 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Interprets the results analyzed with the model | 2 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field which does not research | |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | It develops traditional approaches, practices and methods into new working methods when it deems necessary | |
| 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 follows the current developments in the field / constantly renews itself | |
| 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 | 4 |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Markets and price system. | reading | Öğretim Yöntemleri: Anlatım |
| 2 | Theory of consumer | reading | Öğretim Yöntemleri: Anlatım |
| 3 | Producers, consumers and competitive markets | reading | Öğretim Yöntemleri: Anlatım |
| 4 | Utility | reading | Öğretim Yöntemleri: Anlatım |
| 5 | Choice under budget constraints | reading | Öğretim Yöntemleri: Anlatım |
| 6 | Demand, revealed preferences, Slutsky Equation. | reading | Öğretim Yöntemleri: Anlatım |
| 7 | Buying and selling | reading | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-term Exam | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Intertemporal choices. | reading | Öğretim Yöntemleri: Anlatım |
| 10 | Asset Markets | reading | Öğretim Yöntemleri: Anlatım |
| 11 | Choice under uncertainty | reading | Öğretim Yöntemleri: Anlatım |
| 12 | Risky assets | reading | Öğretim Yöntemleri: Anlatım |
| 13 | Consumer surplus | reading | Öğretim Yöntemleri: Anlatım |
| 14 | Theory of costs | reading | Öğretim Yöntemleri: Anlatım |
| 15 | Cost minimization | reading | Öğretim Yöntemleri: Anlatım |
| 16 | Final exam | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Final exam | 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 | ||