ECTS - Microeconomics
Microeconomics (ECON503) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Microeconomics | ECON503 | 1. Semester | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | Turkish |
|---|---|
| Course Type | Compulsory Departmental Courses |
| Course Level | Social Sciences Master's Degree |
| 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 | Nicholson & Snyder, 2012, Capter 2; Jehle,1991, Chapter 1 |
| 2 | Mathematics for Microeconomics Consumption Theory: Preferences and Utility Function | Nicholson & Snyder, 2012, Chapter 2-3; Jehle, 1991, Chapter 2 |
| 3 | Consumption Theory: Choice Consumption Theory: Consumer Equilibrium | Nicholson & Snyder, 2012 Chapter 4;Jehle,1991, Chapter 3 |
| 4 | Consumption Theory: Consumer Equilibrium | Nicholson & Snyder, 2012 Chapter 4;Jehle,1991, Chapter 3 |
| 5 | Theory of Consumption: Change in Consumer Equilibrium | Nicholson & Snyder, 2012 Chapter 5;Jehle,1991, Chapter 4 |
| 6 | Consumption Theory: Market Demand and Function | Nicholson & Snyder, 2012 Chapter 5;Jehle,1991, Chapter 4 |
| 7 | Midterm | |
| 8 | Production Theory: Production and Production Technology Production Theory: Production Function | Nicholson & Snyder, 2012 Chapter 6;Jehle,1991, Chapter 5 |
| 9 | Production Theory: Cost Function Production Theory: Profit Maximization | Nicholson & Snyder, 2012 Chapter 7-8;Jehle,1991, Chapter 6 |
| 10 | Production Theory: Market Supply and Supply Function Production Theory: Duality in Production | Nicholson & Snyder, 2012 Chapter 8;Jehle,1991, Chapter 6-7 |
| 11 | Market Structure and Price Formation: Market and Market Equilibrium Market Structure and Price Formation: Perfect Competition Market | Nicholson & Snyder, 2012 Chapter 9;Jehle,1991, Chapter 8 |
| 12 | Market Structure and Price Formation: Perfect Competition Market Market Structure and Price Formation: Monopoly Market | Nicholson & Snyder, 2012 Chapter 9-10;Jehle,1991, Chapter 9 |
| 13 | Market Structure and Price Formation: Oligopoly Market Market Structure and Price Formation: Monopolistic Competition Market | Nicholson & Snyder, 2012 Chapter 11;Jehle,1991, Chapter 10 |
| 14 | Final |
Sources
| Course Book | 1. Nicholson, W., & Snyder, C. M. (2012). Microeconomic theory: Basic principles and extensions. Cengage Learning. |
|---|---|
| 2. Jehle, G. A. (1991). Advanced microeconomic theory. Prentice-Hall International Edition. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | 1 | 10 |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | 1 | 20 |
| Presentation | - | - |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 35 |
| Final Exam/Final Jury | 1 | 35 |
| Toplam | 4 | 100 |
| Percentage of Semester Work | 100 |
|---|---|
| Percentage of Final Work | 0 |
| 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 | Can compare basic microeconomic theories and approaches and evaluate them with a critical perspective" | X | ||||
| 2 | Can compare basic macroeconomic theories and approaches and evaluate them with a critical perspective | X | ||||
| 3 | Applies mathematical modeling | X | ||||
| 4 | Analyzes economic phenomena using statistical and econometric methods | X | ||||
| 5 | Can analyze and interpret basic economic indicators | X | ||||
| 6 | Can access theoretical knowledge by conducting literature review and formulate an empirically verifiable hypothesis | X | ||||
| 7 | Can design a research project and conduct the research within the specified time frame | X | ||||
| 8 | Can develop new approaches for solving complex problems in the field of applied economics | X | ||||
| 9 | Develops and can recommend appropriate policies based on academic research results | X | ||||
| 10 | Can evaluate by combining economic knowledge with information obtained from other disciplines to solve problems | X | ||||
| 11 | Can use information technology effectively | X | ||||
| 12 | Acquires the ability to conduct independent research and learn | 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 | 2 | 32 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | 1 | 10 | 10 |
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 1 | 15 | 15 |
| Prepration of Final Exams/Final Jury | 1 | 20 | 20 |
| Total Workload | 125 | ||