TÜRKÇE
ENGLISH
Information
| Code | ECOZ201 |
| Name | Microeconomics I |
| Term | 2024-2025 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 |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Öğr. Gör.Dr. MURAT PÜTÜN |
| Course Instructor |
Adem GÖK
(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 importance of demand and supply in economy sciece and the well-running conditions of the market economy | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy | 5 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | 2 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce nymerical and policy options when confronted with problems | 3 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Use the theory of economics in the analysis of economic events | 3 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | 4 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 2 |
| PLO11 | Bilgi - Kuramsal, Olgusal | Take responsibility individually and/or in a team, take leadership and work effectively | |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Question traditional approaches, practices and methods. | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply 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 | 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 | ||