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Information
| Code | ECOS307 |
| Name | Microeconomics |
| Term | 2022-2023 Academic Year |
| Semester | 5. 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 | Prof.Dr. HÜSEYİN MAHİR FİSUNOĞLU |
| Course Instructor |
1 2 |
Course Goal / Objective
A deep understanding of price system and its relations with demand and supply analyses, understanding the decision making process of consumption and production and cost of production, the market system and the market structure, perfect and imperfect competition, the gains and losses of the market system to consumers and producers, policy development.
Course Content
Price system, demand and supply relations, consumer theory, producer theory and the cost of production, market structure and policies.
Course Precondition
There are no prerequisites.
Resources
Microeconomics, 14th edition, Published by Pearson (2022) Michael Parkin
Notes
Microeconomics, 9th edition, Published by Pearson (2022) - Jeffrey M. Perloff
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Student understands the premium role played by the price system in economics. |
| LO02 | Student sets the relationship between the price system and international relations. |
| LO03 | Student uunderstands the role of demand and supply in economics. |
| LO04 | Student understands consumer theory and decision making process in consumption. |
| LO05 | Student learns production theory, decision making process in production and the cost of production. |
| LO06 | Students learns goods and services markets, factors of production and perfect and imperfect competition. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Has the conceptual and theoretical competence to explain the phenomena in the disciplines of Political Science and International Relations. | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Identifies the international and national issues by methodologies used in the disciplines of Political Science and International Relations; chooses the appropriate analysis techniques across the issues and applies the appropriate empirical studies. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Becomes skilful at following and interpreting different social areas in international and national levels and also applies the problem-solving oriented practices. | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Collects, reviews and analyzes the data obtained which necessary for modelling applications in the Social Science. | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Individually and/or in a team, takes responsibility, leadership, and works effectively. | 4 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | In recognition of the need for lifelong learning, follows the latest developments in the field and improves himself/herself. | 4 |
| PLO07 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Uses Turkish, and at least one more foreign language, in accordance with the requirements of academic and work life. | |
| PLO08 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understands and interprets the feelings, thoughts and behaviors of related persons correctly; and expresses himself/herself in written and oral forms accurately. | 5 |
| PLO09 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development. | |
| PLO10 | Yetkinlikler - Öğrenme Yetkinliği | Questions traditional approaches, practices and methods; and develops and applies new study methods if necessary. | 4 |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | Recognizes and implements social, scientific and professional ethical values. | |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | Develops skills of defining and analyzing the international, regional and national oriented issues, producing appropriate conflict-resolution techniques and negotiation skills. | 5 |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Develops critical thinking skills. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | General view of microeconomics. | Review Introduction to Economics I. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 2 | Theory and application for demand and supply. | Students should study the subjects before the lecture. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Alıştırma ve Uygulama |
| 3 | Continue to week 2 programme. | Students should study before the lecture. | Öğretim Yöntemleri: Tartışma, Anlatım |
| 4 | Consumer theory | Students should study before the lecture. | Öğretim Yöntemleri: Tartışma, Anlatım |
| 5 | Consumer theory (continue) | Students should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 6 | Producer theory | Students should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 7 | Producer theory (devam) | Students should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Questions and answers | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Cost of production | Students should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 10 | Cost of production (continue) | Students should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 11 | Markets for goods, services, and factors of production. | Students should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 12 | Market type: Perfect competition. | Students should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 13 | Market type: Imperfect competition. | Students should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 14 | Market type: Imperfect competition (continue) | Students should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 15 | Microeconomics policies. | Students should study before the lecture. | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | Questions and answers | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Questions and answers | 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 | 10 | 10 |
| Final Exam | 1 | 10 | 10 |
| Total Workload (Hour) | 132 | ||
| Total Workload / 25 (h) | 5,28 | ||
| ECTS | 5 ECTS | ||