ECTS - Microeconomics
Microeconomics (ECON503) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Microeconomics | ECON503 | General Elective | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | Turkish |
|---|---|
| Course Type | Elective Courses |
| Course Level | Ph.D. |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Discussion, Question and Answer, Problem Solving. |
| Course Lecturer(s) |
|
| Course Objectives | The goal of this course is to analyze the main principles of microeconomics, the consumer behavios and firm behaviour and their interactions. Organizing of the markets and how this affects firm behavious and stages of markets as they reach equilibrium and market efficiency are other topics that will be covered. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Theory of resource allocation and price system; theory of demand, production, and distribution; market structure and performance. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | • Course Introduction • Mathematics for Microeconomics | |
| 2 | • Mathematics for Microeconomics • Consumption Theory: Preferences and Utility Function | |
| 3 | • Consumption Theory: Choice • Consumption Theory: Consumer Equilibrium | |
| 4 | Consumption Theory: Consumer Equilibrium | |
| 5 | • Theory of Consumption: Change in Consumer Equilibrium • Quiz 1 | |
| 6 | Consumption Theory: Market Demand and Function | |
| 7 | Midterm | |
| 8 | • Production Theory: Production and Production Technology • Production Theory: Production Function | |
| 9 | • Production Theory: Cost Function • Production Theory: Profit Maximization | |
| 10 | • Production Theory: Market Supply and Supply Function • Production Theory: Duality in Production • Quiz 2 | |
| 11 | • Market Structure and Price Formation: Market and Market Equilibrium • Market Structure and Price Formation: Perfect Competition Market | |
| 12 | • Market Structure and Price Formation: Perfect Competition Market • Market Structure and Price Formation: Monopoly Market | |
| 13 | • Market Structure and Price Formation: Oligopoly Market • Market Structure and Price Formation: Monopolistic Competition Market | |
| 14 | Final |
Sources
| Course Book | 1. Microeconomic Theory, Walter Nicholson and Christopher Snyde |
|---|---|
| Other Sources | 2. Mikroiktisat, ˙Ibrahim Tokatlıo˘glu, M¨usl¨ume Narin ve Fahriye Ozt¨urk, Gazi Kitabevi. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | 1 | 5 |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | - | - |
| Presentation | - | - |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 35 |
| Final Exam/Final Jury | 1 | 45 |
| Toplam | 3 | 85 |
| Percentage of Semester Work | 50 |
|---|---|
| Percentage of Final Work | 50 |
| Total | 100 |
Course Category
| Core Courses | X |
|---|---|
| Major Area Courses | |
| Supportive Courses | |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | To compare main theories and/or approaches in political economy and make a critical evaluation of each | X | ||||
| 2 | To compare main macroeconomic theories and/or approaches and make a critical evaluation of each | |||||
| 3 | To use complementary approaches from other relevant disciplines (e.g. political science, sociology) in order to solve problems requiring scientific expertise | X | ||||
| 4 | To develop the skills for establishing a micro-macro link in human and social sciences | X | ||||
| 5 | To analyze the main economic indicators and comment on them | X | ||||
| 6 | To acquire theoretical knowledge through literature survey and derive empirically testable hypothesis | X | ||||
| 7 | To be able to develop new approaches/theories for complex problems in political economy | |||||
| 8 | To apply critical thinking, statistical/econometric tools or other relevant quantitative and qualitative tools to new areas/problems | X | ||||
| 9 | To make a research design and carry it out within predetermined time frames | |||||
| 10 | To formulate and present policy recommendations based on academic research | X | ||||
| 11 | To continue learning and undertake advanced research independently | X | ||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | 16 | 3 | 48 |
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 16 | 4 | 64 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | 2 | 5 | 10 |
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | |||
| Prepration of Final Exams/Final Jury | |||
| Total Workload | 122 | ||