ECTS - Microeconomic Theory I
Microeconomic Theory I (ECON209) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Microeconomic Theory I | ECON209 | 3. Semester | 3 | 0 | 0 | 3 | 6 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Compulsory Departmental Courses |
| Course Level | Bachelor’s Degree (First Cycle) |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Discussion, Question and Answer, Drill and Practice. |
| Course Lecturer(s) |
|
| Course Objectives | 1. To introduce the basic concepts and relations of microeconomics at the intermediate level. 2. To endow the students with the required analytical tools to evaluate and comment on Turkish and World economy 3. To prepare the students for further studies |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Mathematics for microeconomics, utility theory, consumer optimization, individual demand functions and related topics, market demand curves, demand-related elasticities, uncertainty and information, strategy and game theory. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Review of Basic Calculus Techniques | Mathis and Koscianski, p. 1-25. |
| 2 | Unconstrained and Constrained Optimization of Multivariate Functions | Mathis and Koscianski, p. 26-44. |
| 3 | Utility Theory | Mathis and Koscianski, p. 45-80. |
| 4 | Consumer Optimization | Mathis and Koscianski, p. 81-110 |
| 5 | Individual Demand Functions and Related Topics | Mathis and Koscianski, p. 111-149. |
| 6 | Market Demand Curves | Mathis and Koscianski, p. 150-162. |
| 7 | Demand-Related Elasticities | Mathis and Koscianski, p. 163-195. |
| 8 | Midterm Exam | |
| 9 | Production in the Short Run | Mathis and Koscianski, p. 197-222. |
| 10 | Production in the Long Run | Mathis and Koscianski, p. 223-237. |
| 11 | Long-Run Optimization for the Firm | Mathis and Koscianski, p. 238-260 |
| 12 | Costs of Production in the Long Run | Mathis and Koscianski, p. 261-288. |
| 13 | Costs of Production in the Short Run | Mathis and Koscianski, p. 289-322 |
| 14 | Perfect Competition in the Short Run | Mathis and Koscianski, p. 323-358 |
| 15 | Perfect Competition in the Long Run | Mathis and Koscianski, p. 359-382. |
| 16 | Final Exam |
Sources
| Course Book | 1. Microeconomic Theory: An Integrated Approach; Stephen Mathis and Janet Koscianski; Prentice Hall; New Jersey; 2002. |
|---|---|
| 2. Microeconomic Theory: Basic Principles and Extensions, Christopher Snyder and Walter Nicholson , 9th Edition, Thomson Higher Education, USA.,2008. | |
| 3. Intermediate Microeconomics, Hal R. Varian, 5th Edition, W. W. Norton Company, New York and London, 2005 |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | - | - |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | 1 | 5 |
| Homework Assignments | 1 | 5 |
| Presentation | - | - |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 40 |
| Final Exam/Final Jury | 1 | 50 |
| Toplam | 4 | 100 |
| Percentage of Semester Work | 50 |
|---|---|
| Percentage of Final Work | 50 |
| Total | 100 |
Course Category
| Core Courses | |
|---|---|
| Major Area Courses | X |
| 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 | Acquiring the skills of understanding, explaining, and using the fundamental concepts and methods of economics | X | ||||
| 2 | Acquiring the skills of macro level economic analysis | X | ||||
| 3 | Acquiring the skills of micro level economic analysis | X | ||||
| 4 | Understanding the formulation and implementation of economic policies at the local, national, regional, and/or global level | X | ||||
| 5 | Learning different approaches on economic and related issues | X | ||||
| 6 | Acquiring the quantitative and/or qualitative techniques in economic analysis | X | ||||
| 7 | Improving the ability to use the modern software, hardware and/or technological devices | X | ||||
| 8 | Developing intra-disciplinary and inter-disciplinary team work skills | X | ||||
| 9 | Acquiring an open-minded behavior through encouraging critical analysis, discussions, and/or life-long learning | X | ||||
| 10 | Adopting work ethic and social responsibility | X | ||||
| 11 | Developing the skills of communication. | X | ||||
| 12 | Improving the ability to effectively implement the knowledge and skills in at least one of the following areas: economic policy, public policy, international economic relations, industrial relations, monetary and financial affairs. | 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 | 1 | 1 | 1 |
| Prepration of Midterm Exams/Midterm Jury | 1 | 10 | 10 |
| Prepration of Final Exams/Final Jury | 1 | 20 | 20 |
| Total Workload | 153 | ||