Microeconomics (ECON503) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Microeconomics ECON503 3 0 0 3 5
Pre-requisite Course(s)
Course Language Turkish
Course Type N/A
Course Level Ph.D.
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion, Question and Answer, Problem Solving.
Course Coordinator
Course Lecturer(s)
  • Asst. Prof. Dr. Nil Demet Güngör
Course Assistants
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;
  • TO comprehend the main methods and theories of microeconomics
  • To experiece the utilization of the microeconomics models
  • To be able to read and discuss scientific articles in microeconomcis
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 Intorduction , Economic Models Nicholson, Giriş ve Bölüm 1.
2 Optimization Nicholson, Bölüm 2.
3 Choices and Utility Theory Nicholson, Bölüm 3.
4 Utility Maximization Nicholson, Bölüm 4.
5 Income and Substitution Effects Nicholson, Bölüm 5.
6 Demand Relations between products Nicholson, Bölüm 6.
7 Midterm
8 Market Demand and Elasticity Nicholson, Bölüm 7.
9 Production Functions Nicholson, Bölüm 11.
10 Costs Nicholson, Bölüm 12.
11 Profit Maximization and Supply Nicholson, Bölüm 13.
12 PArtial Equilibrium inthe Competitive Model Nicholson, Bölüm 14
13 COmpetitive Analysis Nicholson, Bölüm 15.
14 Monopoly Models Nicholson, Bölüm 17.
15 Imperfectly Competitive Models Nicholson, Bölüm 18.
16 GEneral REview


Course Book 1. Nicholson, Walter, E. (2004) Microeconomic Theory: Basic Principles and Extensions, 9th International Edition, Thomson Pub.

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation 1 10
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments 2 10
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 30
Final Exam/Final Jury 1 50
Toplam 5 100
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
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
4 To develop the skills for establishing a micro-macro link in human and social sciences
5 To analyze the main economic indicators and comment on them
6 To acquire theoretical knowledge through literature survey and derive empirically testable hypothesis
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
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
11 To continue learning and undertake advanced research independently

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours)
Special Course Internship
Field Work
Study Hours Out of Class 16 4 64
Presentation/Seminar Prepration
Homework Assignments 2 5 10
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury
Prepration of Final Exams/Final Jury
Total Workload 74