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| Course Description |
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| Course Name |
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Microeconomics I |
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| Course Code |
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EC 201 |
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| Course Type |
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Compulsory |
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| Level of Course |
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First Cycle |
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| Year of Study |
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2 |
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| Course Semester |
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Fall (16 Weeks) |
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| ECTS |
: |
6 |
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| Name of Lecturer(s) |
: |
Asst.Prof.Dr. SANLI ATEŞ
Assoc.Prof.Dr. NEŞE ALGAN
Asst.Prof.Dr. TOLGA KABAŞ
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| Learning Outcomes of the Course |
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Be aware of economics, market prices, elasticities, utility maximization
Be aware of his/her position in the market as a consumer, his/her part in economy and understand the market as perfect and imperfect
Understand consumer and producer theory
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| Mode of Delivery |
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Face-to-Face |
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| Prerequisites and Co-Prerequisites |
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None |
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| Recommended Optional Programme Components |
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None |
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| Aim(s) of Course |
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This is a two term course which teaches the micro foundations of the economy |
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| Course Contents |
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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.
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| Language of Instruction |
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Turkish |
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| Work Place |
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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 |
Markets and price system |
Reading |
Lecture |
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2 |
Markets and price system |
Reading |
Lecture |
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3 |
Producers, consumers and competitive markets |
Reading |
Lecture, Problem Session and Case Studies |
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4 |
Utility, budget constraints choice |
Reading |
Lecture, Problem Session and Case Studies |
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5 |
Utility, budget constraints choice |
Reading |
Lecture, Problem Session and Case Studies |
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6 |
Demand, Revealed Preferences, Slutsky Equation |
Reading |
Lecture, Problem Session and Case Studies |
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7 |
Buying-Selling, intertemporal choices |
Reading |
Lecture, Problem Session and Case Studies |
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8 |
Mid-term Exam |
prepare to exam |
written exam |
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9 |
Asset Markets |
Reading |
Lecture, Problem Session and Case Studies |
|
10 |
Choice under uncertainity |
Reading |
Lecture, Problem Session and Case Studies |
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11 |
Consumer Surplus |
Reading |
Lecture, Problem Session and Case Studies |
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12 |
Cost minimization, Cost Curves |
Reading |
Lecture, Problem Session and Case Studies |
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13 |
Cost minimization, Cost Curves |
Reading |
Lecture, Problem Session and Case Studies |
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14 |
Firms Supply, Industry Supply |
Reading |
Lecture, Problem Session and Case Studies |
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15 |
General Assessment |
Reading |
Lecture, Problem Session and Case Studies |
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16/17 |
Final Exam |
prepare to exam |
written exam |
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 Intermediate Microeconomics, A Modern Approach, Hal, R. Varian, Norton, 4th Edition,1996
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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 |
Explain the importance of demand and supply in economy science and the well-running conditions of the market economy |
5 |
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2 |
Define the role of pricing within the event advantage of the market economy. |
4 |
|
3 |
Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. |
4 |
|
4 |
Perceive the costs and benefits arising from the global economy |
3 |
|
5 |
Produce numerical and policy options when confronted with problems. |
4 |
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6 |
Use quantitative and qualitative techniques of model building, decoding and interpretation. |
1 |
|
7 |
Use the theory of economics in the analysis of economic events. |
5 |
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8 |
Use computer programs, do synthesis and present prepared data efficiently. |
1 |
|
9 |
Apply the methods of economic analysis. |
3 |
|
10 |
Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems |
4 |
|
11 |
Take responsibility individually and / or in a team, take leadership and work effectively. |
1 |
|
12 |
Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. |
3 |
|
13 |
Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. |
2 |
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14 |
Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. |
1 |
|
15 |
Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. |
2 |
|
16 |
Question traditional attitudes, applications and methods, develop and apply new methods when needed. |
2 |
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17 |
Recognize and apply social, scientific and professional ethical values. |
1 |
| * 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 |
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Class Time (Exam weeks are excluded) |
14 |
4 |
56 |
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Out of Class Study (Preliminary Work, Practice) |
14 |
6 |
84 |
| Assesment Related Works |
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Homeworks, Projects, Others |
0 |
0 |
0 |
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Mid-term Exams (Written, Oral, etc.) |
1 |
1 |
1 |
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Final Exam |
1 |
2 |
2 |
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Total Workload: | 143 |
| Total Workload / 25 (h): | 5.72 |
| ECTS Credit: | 6 |
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