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 | |
| 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 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 |
| 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 | ||