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| Course Description |
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| Course Name |
: |
Microeconomics |
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| Course Code |
: |
TEP301 |
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| Course Type |
: |
Optional |
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| Level of Course |
: |
First Cycle |
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| Year of Study |
: |
3 |
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| Course Semester |
: |
Fall (16 Weeks) |
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| ECTS |
: |
3 |
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| Name of Lecturer(s) |
: |
Prof.Dr. DİLEK BOSTAN BUDAK
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| Learning Outcomes of the Course |
: |
is able to build economic models and conduct mathematical analysis of consumers´ and producers´ preferences
Can analyze the formation of company and industry balance in perfect and imperfect competititon markets.
Can analyze the formation of company and industry balance in factor market.
is able to use mathematical tools for economic analysis of agricultural production and interpret the analysis results.
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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 |
: |
To enable students to gain skills in intentional utilization of Micro-economic theory; to build and interprete economic models, to do mathematical analysis and interpretation of consumers´ and producers´ functions; to analyze the behaviours of enterprises in different markets. |
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| Course Contents |
: |
The historical development of the economy, the fundamental problems of the economy, economic systems, economic events, the supply-demand balance of the market, elasticity theory and the concepts of the theory of consumer and producer behavior, production costs, price theory, conception of price theory, markets and market types, imperfect competition conditions, price analysis of production factors, general equilibrium of price, micro economic market failures. |
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| Language of Instruction |
: |
Turkish |
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| Work Place |
: |
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 |
Basic problems of Economics, theoretical framework |
Lecture notes and recommended resources for the relevant sections |
Lecture |
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2 |
Consumer theory,marginal utility policy, consumer balance (Cardinal approach) |
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
3 |
Indifference Curve and Consumer Equilibrium |
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
4 |
Consumer income, prices and change of prefereneces, consumer Equilibrium, income and subsitution effects |
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
5 |
Production Function, lowest cost production, cost theory, supply analysis |
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
6 |
Perfect Competition Market Equilibrium and partial equilibrium analysis |
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
7 |
The reasons of imperfect competition market and monopoly |
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
8 |
Buyer’s Monopoly, Monopoly, criticism of price theory, oligopoly |
Lecture notes and recommended resources for the relevant sections |
Lecture |
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9 |
Price theory of production factors, demand of production factors, marginal productivity theory |
Lecture notes and recommended resources for the relevant sections |
Lecture |
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10 |
Mid Term |
Lecture notes and recommended resources for the relevant sections |
Exam |
|
11 |
Labor and wages, interest, capital, and natural resources and rant, entrepreneurship and profit |
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
12 |
General equilibrium and welfare economics, micro-economic market failures: public goods |
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
13 |
Micro-economic market failures:externalities |
Lecture notes and recommended resources for the relevant sections |
Lecture |
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14 |
Micro-economic market failures: asimetric information |
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
15 |
General Review |
All course notes and resources |
Lecture |
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16/17 |
Final Exam |
All course notes and resources |
written Exam |
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 Lecture notes that have been prepared and updated
Mikro Ekonomi, Prof.Dr. Ayhan Çıkın, Doç.Dr. Kezban Konak, Ege Üniversitesi Ziraat Fakültesi Yayınları No:506, İzmir, 1992
Mikro Ekonomi, Zeynel Dinler, Ekin Yayınları, 2008
İktisada Giriş, İlker Parasız, Ezgi Yayınevi, 2000 .
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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 |
| |
|
Final Assessments
|
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 |
is be able to explain and apply basic theories related to major science and engineering courses in order to form a foundation which enables him/her to understand advanced level subjects related to his/her profession |
3 |
|
2 |
is able to describe, intorduce and evaluate crop and animal production techniques, tools and equipment used in this area and explain role, importance and development of agriculture in national and world economy |
0 |
|
3 |
is able to describe characteristics and interrelations of all stages from production to consumption in agricultural sector; is able to describe basic concepts related to efficienct and sustianable use of resources; is able to explain and apply basic economic principles used for this purpose |
2 |
|
4 |
is able to explain concepts, thought, theory and methods related to major economic, social, natural, cultural, institutional, organizational and legal factors affecting activities in agricultural sector and rural areas, also national and international forces and interaction between them, their universal and social effects |
5 |
|
5 |
is able to apply basic principles of economics to the problemes encountered in agricultural sector |
4 |
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6 |
is able to show and express economic and social data to be used in agricultural decision making process in tables, graphs and mathematical symbols |
0 |
|
7 |
is able to apply ecosystem, biodiversity, sustainable resource management, rural development, planning and technology use related knowledge to crop and animal production and marketing processes |
0 |
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8 |
determines required data related to the analysis of problems encountered in agricultural sector, critically examines and uses those data, selects a proper frame, model and method for the analysis, and evaluates results of the analysis |
5 |
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9 |
uses basic information technologies in the analysis of economic and social data and uses software prepared for this purpose and interpretes results |
0 |
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10 |
is able to carry studies related to his/her field independently and according to the legal procedures; is able to give consultancy, supervising, and expertise services in those fields; is able to join to team works |
0 |
|
11 |
is able to get access to actual and updated information in the field; is able to inquire knowledge obtained and use them for public benefit according to the purpose selected |
0 |
|
12 |
is able to communicate with sepacialist and non-specialist people both in verbal and written form; is able to select most appropriate communications methods; is able to develop cooperation with stakeholders on producer and organization basis |
0 |
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13 |
acquires general and professional foreign language command at a sufficient level to observe professional developments and communicate with colleagues;is able to use information and communication technologies |
0 |
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14 |
is able to identify problems that can be encountered in agricultural sector; determines their context, evaluates effects of solutions, projects and policies applied in this context, produces solutions, projects and policy alternatives, foresees possible effects of alternatives suggested by himself/herself or others, selects the most appropriate alternative in terms of the goals selected, applies, direcs and monitors project |
0 |
|
15 |
is able to describe historical development of the profession, ethical principles obligatory during the performance of the profession and to be consicous of meticulous application of these principles |
0 |
| * 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 |
2 |
32 |
|
Out of Class Study (Preliminary Work, Practice) |
16 |
2 |
32 |
| Assesment Related Works |
|
Homeworks, Projects, Others |
0 |
0 |
0 |
|
Mid-term Exams (Written, Oral, etc.) |
1 |
10 |
10 |
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Final Exam |
1 |
10 |
10 |
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Total Workload: | 84 |
| Total Workload / 25 (h): | 3.36 |
| ECTS Credit: | 3 |
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