ECOZ201 Microeconomics I

6 ECTS - 3-0 Duration (T+A)- 3. Semester- 3 National Credit

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
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Öğr. Gör.Dr. MURAT PÜTÜN
Course Instructor Doç. Dr. ERHAN İŞCAN (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

Update Time: 08.05.2024 12:32