TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMICS PR. (ENGLISH) | |
| Code | ECOZ201 |
| Name | Microeconomics I |
| Term | 2019-2020 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 |
İsmail TUNCER
(Güz)
(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
Resources
Notes
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 | Gain the ability of understanding the consumer behavior, consumption, decision and consumer choice, the role of income and price on these subjects. |
| LO03 | 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. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | 3 |
| PLO01 | - | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | 3 |
| PLO02 | - | Define the role of pricing within the event advantage of the market economy | 4 |
| PLO02 | - | Define the role of pricing within the event advantage of the market economy | 3 |
| PLO03 | - | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | 3 |
| PLO03 | - | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | 3 |
| PLO04 | - | Perceive the costs and benefits arising from the global economy | 4 |
| PLO04 | - | Perceive the costs and benefits arising from the global economy | 4 |
| PLO05 | - | Produce nymerical and policy options when confronted with problems | 4 |
| PLO05 | - | Produce nymerical and policy options when confronted with problems | 3 |
| PLO06 | - | Use quantitative and qualitative techniques of model building, decoding and interpretation | 4 |
| PLO06 | - | Use quantitative and qualitative techniques of model building, decoding and interpretation | 2 |
| PLO07 | - | Use the theory of economics in the analysis of economic events | 4 |
| PLO07 | - | Use the theory of economics in the analysis of economic events | 3 |
| PLO08 | - | Use computer programs, do synthesis and present prepared data efficiently | 4 |
| PLO08 | - | Use computer programs, do synthesis and present prepared data efficiently | 3 |
| PLO09 | - | Apply the methods of economic analysis. | 4 |
| PLO09 | - | Apply the methods of economic analysis. | 3 |
| PLO10 | - | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 5 |
| PLO10 | - | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 4 |
| PLO11 | - | Take responsibility individually and/or in a team, take leadership and work effectively | 3 |
| PLO11 | - | Take responsibility individually and/or in a team, take leadership and work effectively | 4 |
| PLO12 | - | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | 4 |
| PLO12 | - | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | 5 |
| PLO13 | - | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | 5 |
| PLO13 | - | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | 4 |
| PLO14 | - | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | 4 |
| PLO14 | - | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | 3 |
| PLO15 | - | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | 3 |
| PLO15 | - | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | 4 |
| PLO16 | - | Question traditional attitudes, applications and methods, develop and apply new methods when needed. | 5 |
| PLO16 | - | Question traditional attitudes, applications and methods, develop and apply new methods when needed. | 4 |
| PLO17 | - | Recognize and apply social, scientific and professional ethical values. | 5 |
| PLO17 | - | Recognize and apply social, scientific and professional ethical values. | 3 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Markets and price system. | reading | |
| 2 | Markets and price system. | reading | |
| 3 | Producers, consumers and competitive markets | reading | |
| 4 | Utility, budget constraints choice. | reading | |
| 5 | Utility, budget constraints choice. | reading | |
| 6 | Demand, revealed preferences, Slutsky Equation. | reading | |
| 7 | Buying-selling, intertemporal choices. | reading | |
| 8 | Mid-term Exam | prepare to exam | |
| 9 | Asset Markets | reading | |
| 10 | Asset Markets | reading | |
| 11 | Choice under uncertainty | reading | |
| 12 | Choice under uncertainty | reading | |
| 13 | Consumer surplus | reading | |
| 14 | Consumer surplus | reading | |
| 15 | Cost minimization, cost curves | reading | |
| 16 | Final exam | prepare to exam | |
| 17 | Final exam | prepare to exam |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
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 | ||