TÜRKÇE
ENGLISH
Information
| Code | ECOZ205 |
| Name | Microeconomics |
| Term | 2024-2025 Academic Year |
| Semester | 3. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 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 |
Levent YÜLEK
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
Microeconomics will be taught in the fall term. 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 analysed.
Course Content
In this modüle, 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 | Explaining business concepts and their interrelationships | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Explaining the basic theoretical models, numerical and statistical methods of business management | 2 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explaining the relationship between basic economics concepts and business management concepts | 4 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Explaining how to apply theoretical, numerical and statistical methods used in business management | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Explaining how to interpret the results obtained as a result of the creation/application of theoretical, numerical and statistical methods used in business management | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Applying business management methods by following the basic steps | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Determine appropriate methods to solve business problems | 3 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Evaluate the results that are obtained from applications of business management methods. | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Use basic numerical and statistical softwares. | |
| PLO10 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use basic enterprise resource planning (ERP) softwares | |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | Working effectively individually and/or in a team | |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, constantly renewing itself by following the current developments in the field. | |
| PLO13 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Presenting information effectively in an unfamiliar field by using different sources within the framework of academic rules. | 3 |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Use Turkish and at least one foreign language in accordance with the prerequisities of academic and business context | 3 |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Accurately express the obtained information and comments verbally and in writing | 4 |
| PLO16 | Yetkinlikler - Alana Özgü Yetkinlik | Applying new working methods when deemed necessary by questioning traditional approaches, practices and methods | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Acting in accordance with social, scientific and professional ethical values from an entrepreneurial perspective | |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Determining the most appropriate business management approaches, practices and methods by considering the sector, size, resources, culture, goals and objectives of the enterprises. | |
| PLO19 | Yetkinlikler - Alana Özgü Yetkinlik | Interpreting the effects of external environmental factors such as sector structure, competition, technology, economy, politics, culture, which affect the activities of businesses, on businesses. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Supply and demand | reading | Öğretim Yöntemleri: Anlatım |
| 2 | Market Equilibrium | 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 | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Asset Markets | reading | Öğretim Yöntemleri: Anlatım |
| 10 | Choice under uncertanity | reading | Öğretim Yöntemleri: Anlatım |
| 11 | Consumer surplus | reading | Öğretim Yöntemleri: Anlatım |
| 12 | Cost Minimization | reading | Öğretim Yöntemleri: Anlatım |
| 13 | Production Maximization | reading | Öğretim Yöntemleri: Anlatım |
| 14 | Firm supply, indutry supply | reading | Öğretim Yöntemleri: Anlatım |
| 15 | General assessment | 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 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||