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| Course Description |
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| Course Name |
: |
Microeconomics I |
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| Course Code |
: |
EC 201 |
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| Course Type |
: |
Compulsory |
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| Level of Course |
: |
First Cycle |
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| Year of Study |
: |
2 |
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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. TOLGA KABAŞ
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| Learning Outcomes of the Course |
: |
Explains the market mechanism
Sees the relationships between supply and demand
Explains the utility maximization of consumers and profit maximization of producers (frims) and the rational decision making process.
Understands and uses the law of diminishing marginal utility and the law of increasing marginal cost
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| Mode of Delivery |
: |
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 |
: |
The aim of this course is to learn how consumers and producers (firms) are making rational decisions in a market. |
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| Course Contents |
: |
The course covers consumer, producer, and production and costs theories. |
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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 |
|
1 |
Motivation |
Relevant chapter |
Lecture, problem session |
|
2 |
Mechanics of price: Demand, Supply and Price |
Relevant chapter |
Lecture, problem session |
|
3 |
Mechanics of price: Demand, Supply and Price |
Relevant chapter |
Lecture, problem session |
|
4 |
Elasticities |
Relevant chapter |
Lecture, problem session |
|
5 |
Elasticities |
Relevant chapter |
Lecture, problem session |
|
6 |
Theory of Consumer Behaviour |
Relevant chapter |
Lecture, problem session |
|
7 |
Theory of Consumer Behaviour |
Relevant chapter |
Lecture, problem session |
|
8 |
Midterm exam |
Review of topics |
Midterm exam |
|
9 |
Theory of Consumer Behaviour |
Relevant chapter |
Lecture, problem session |
|
10 |
Theory of Consumer Behaviour |
Relevant chapter |
Lecture, problem session |
|
11 |
Production and Costs |
Relevant chapter |
Lecture, problem session |
|
12 |
Production and Costs |
Relevant chapter |
Lecture, problem session |
|
13 |
Production and Costs |
Relevant chapter |
Lecture, problem session |
|
14 |
Production and Costs |
Relevant chapter |
Lecture, problem session |
|
15 |
General review and problem session |
Review of topics |
Problem session and discussion |
|
16/17 |
Final exam |
Review of topics |
Final exam |
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|
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 Prof. Dr. Tümay Ertek, Mikroekonomi Teorisi, Beta, 2009.
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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 |
|
Mid-term Exams (Written, Oral, etc.) |
1 |
100 |
|
Homeworks/Projects/Others |
0 |
0 |
|
Total |
100 |
|
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 |
Models problems with Mathematics, Statistics, and Econometrics |
0 |
|
2 |
Explains Econometric concepts |
1 |
|
3 |
Estimates the model consistently and analyzes & interprets its results |
2 |
|
4 |
Acquires basic Mathematics, Statistics and Operation Research concepts |
0 |
|
5 |
Equipped with the foundations of Economics, and develops Economic models |
4 |
|
6 |
Describes the necessary concepts of Business |
1 |
|
7 |
Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems |
4 |
|
8 |
Collects, edits, and analyzes data |
1 |
|
9 |
Uses a package program of Econometrics, Statistics, and Operation Research |
0 |
|
10 |
Effectively works, take responsibility, and the leadership individually or as a member of a team |
1 |
|
11 |
Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study |
2 |
|
12 |
Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied |
2 |
|
13 |
Uses Turkish and at least one other foreign language, academically and in the business context |
1 |
|
14 |
Good understanding, interpretation, efficient written and oral expression of the people involved |
1 |
|
15 |
Questions traditional approaches and their implementation while developing alternative study programs when required |
3 |
|
16 |
Recognizes and implements social, scientific, and professional ethic values |
1 |
|
17 |
Follows actuality, and interprets the data about economic and social events |
5 |
|
18 |
Improves himself/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development |
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) |
14 |
4 |
56 |
|
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 |
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Total Workload: | 146 |
| Total Workload / 25 (h): | 5.84 |
| ECTS Credit: | 6 |
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