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 Social Sciences Master's Degree
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion, Question and Answer, Problem Solving.
Course Coordinator
Course Lecturer(s)
  • Dr. Dersin Öğretim Üyesi
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 • 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


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 microeconomic theories, approaches and make a critical evaluation of each X
2 To compare main macroeconomic theories, approaches and make a critical evaluation of each X
3 To apply mathematical modeling X
4 To employ statistical and econometric tools in analyzing an economic phenomena X
5 To analyze the main economic indicators and comment on them X
6 To acquire theoretical knowledge through literature survey and derive empirically confirmable hypothesis X
7 To make a research design and carry it out within predetermined time frames X
8 To be able to develop new approaches for complex problems in applied economics and/or apply statistical/econometric tools to new areas/problems X
9 To formulate and present policy recommendations based on academic research X
10 To combine economic knowledge with other disciplines in order to solve problems requiring scientific expertise X
11 To use information technology effectively X
12 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
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 122