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| Course Description |
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| Course Name |
: |
Microeconomics |
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| Course Code |
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İKT 703 |
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| Course Type |
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Compulsory |
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| Level of Course |
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Second Cycle |
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| Year of Study |
: |
1 |
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| Course Semester |
: |
Fall (16 Weeks) |
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| ECTS |
: |
6 |
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| Name of Lecturer(s) |
: |
Asst.Prof.Dr. ERHAN İŞCAN
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| Learning Outcomes of the Course |
: |
A broad undestanding of economics, market prices, elasticities, utility maximization.
Understanding of markets as perfect and imperfect
Understanding of basic features of workings of factor markets
Understanding the causes of income diffrences in a given economy.
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| Mode of Delivery |
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Face-to-Face |
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| Prerequisites and Co-Prerequisites |
: |
None |
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| Recommended Optional Programme Components |
: |
None |
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| Aim(s) of Course |
: |
This course aims to teach the micro foundations of the economy. In this respect the main subjects are consumer and produce theory, market structure and competitive strategy, and information, market failure, and the role of government.
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| Course Contents |
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This course covers 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. |
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| Language of Instruction |
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Turkish |
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| Work Place |
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Faculty Classroom |
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Course Outline /Schedule (Weekly) Planned Learning Activities |
| Week | Subject | Student's Preliminary Work | Learning Activities and Teaching Methods |
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1 |
Supply, Demand and Market Quilibrium |
Reading course book and the notes |
Lecture |
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2 |
Consumer Behavior and Consumer Theory |
Reading course book and the notes |
Lecture |
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3 |
Production Technology and Producer Theory
|
Reading course book and the notes |
Lecture |
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4 |
Short-Run and Long-Run Analysis |
Reading course book and the notes |
Lecture |
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5 |
Isoquant and Isocost Curves |
Reading course book and the notes |
Lecture |
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6 |
cost minimization and production maximization |
Reading course book and the notes |
Lecture |
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7 |
Cost Theory |
Reading course book and the notes |
Lecture |
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8 |
Midterm exam |
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|
|
9 |
Perfect Competition Analysis |
Reading course book and the notes |
Lecture |
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10 |
Efficiency and Interventions |
Reading course book and the notes |
Lecture |
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11 |
Monopolistic Markets |
Reading course book and the notes |
Lecture |
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12 |
Interventions and Regulations of Monopoly |
Reading course book and the notes |
Lecture |
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13 |
Oligoplistic Markets |
Reading course book and the notes |
Lecture |
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14 |
Factor Markets |
Reading course book and the notes |
Lecture |
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15 |
General Equilibrium Analysis |
Reading course book and the notes |
Lecture |
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16/17 |
Final Exam |
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 Roger LeRoy Miller; Roger E. Meiners, Intermediate :Microeconomics, any late edition
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| Required Course Material(s) | |
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Assessment Methods and Assessment Criteria |
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Semester/Year Assessments |
Number |
Contribution Percentage |
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Mid-term Exams (Written, Oral, etc.) |
1 |
100 |
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Homeworks/Projects/Others |
0 |
0 |
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Total |
100 |
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Rate of Semester/Year Assessments to Success |
40 |
| |
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Final Assessments
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100 |
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Rate of Final Assessments to Success
|
60 |
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Total |
100 |
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| Contribution of the Course to Key Learning Outcomes |
| # | Key Learning Outcome | Contribution* |
|
1 |
Specifies the role of the market economy, the price advantage of the event. |
4 |
|
2 |
Specifies the role of the price advantage in market economy |
3 |
|
3 |
Applies the methods of economic analysis. |
3 |
|
4 |
Takes responsibility individually and / or in a team,leads a team and works effectively |
4 |
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5 |
Speaks Turkish, and at least one other foreign language in accordance with the requirements of academic and business life. |
1 |
|
6 |
Builds, decodes and interprets models by using quantitative and qualitative techniques |
4 |
|
7 |
Questions traditional approaches, implementations, and methods ;develops and practises alternative study programs when required |
2 |
|
8 |
Acquires the ability of analyzing in the conceptual level ,compares interprets, evaluates and synthesizes ideas in order to develop solutions to the problems. |
5 |
|
9 |
Explains the importance of demand and supply and the conditions of the market economy to work better |
5 |
|
10 |
Faces with challenges, produces a numerical and policy options. |
4 |
|
11 |
Uses the theory of economics in analyzing the economic events
|
2 |
|
12 |
With the awareness of the necessity of
life-long learning, follows the latest developments about his field and improves himself
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3 |
| * Contribution levels are between 0 (not) and 5 (maximum). |
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| Student Workload - ECTS |
| Works | Number | Time (Hour) | Total Workload (Hour) |
| Course Related Works |
|
Class Time (Exam weeks are excluded) |
16 |
3 |
48 |
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Out of Class Study (Preliminary Work, Practice) |
16 |
6 |
96 |
| Assesment Related Works |
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Homeworks, Projects, Others |
0 |
0 |
0 |
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Mid-term Exams (Written, Oral, etc.) |
1 |
2 |
2 |
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Final Exam |
1 |
2 |
2 |
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Total Workload: | 148 |
| Total Workload / 25 (h): | 5.92 |
| ECTS Credit: | 6 |
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