| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | KY207B2 | Microeconomics | Compulsory | 2 | 3 | 4 |
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| Level of Course Unit |
| First Cycle |
| Objectives of the Course |
| The purpose of this course is to provide an understanding of economic decision making process of individuals (consumers/producers) and pricing behavior of firms in different market structures.
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| Name of Lecturer(s) |
| Yrd. Doç. Dr. Sevim AKGÜL |
| Learning Outcomes |
| 1 | Students will learn the basic concepts and theories of intermediate microeconomics; | | 2 | Students will be able to use analytic tools of microeconomics; | | 3 | Students will be able to explain consumer behavior theory, distinguishing between cardinal and ordinal utility ; | | 4 | Students will be able to understand how rational economic agents make decisions as producers; | | 5 | Students will be able to explain the neo-classical approach to production and cost ; | | 6 | Students will be able to analyze the role of market mechanism in resource allocation; |
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| Mode of Delivery |
| Normal Education |
| Prerequisites and co-requisities |
| None |
| Recommended Optional Programme Components |
| None |
| Course Contents |
| economic system problems in this course, economic events, economic events of the parties, their behaviors, consumer theory and profit maximization, theory of the firm and profit maximization are analyzed mathematically.
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| Weekly Detailed Course Contents |
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| 1 | Scarcity, Choices and Market Mechanism | | | | 2 | Consumer Behavior: Cardinal Utility and Indifference Curves | | | | 3 | Factors Affecting Consumer Behavior | | | | 4 | Demand Function and Demand Elasticity | | | | 5 | Production Function and Law of Diminishing Returns | | | | 6 | Producer Behavior: Isoquant Curves and Optimal Input Combination | | | | 7 | The Costs of Production: Short Run Cost Curves - Midterm Exam | | | | 8 | The Costs of Production: Long Run and Economies of Scale | | | | 9 | Supply Function and Supply Elasticity | | | | 10 | Competitive Market Equilibrium | | | | 11 | Short Run Equilibrium of the Firm Under Perfect Competition | | | | 12 | Long Run Equilibrium of the Firm and Industry Under Perfect Competition | | | | 13 | Monopoly | | | | 14 | Monopoly Price Discrimination | | |
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| Recommended or Required Reading |
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| Planned Learning Activities and Teaching Methods |
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| Assessment Methods and Criteria | |
| Midterm Examination | 2 | 100 | | SUM | 100 | |
| Final Examination | 2 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
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| Workload Calculation |
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| Midterm Examination | 1 | 10 | 10 |
| Final Examination | 1 | 12 | 12 |
| Attending Lectures | 14 | 4 | 56 |
| Team/Group Work | 14 | 3 | 42 |
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| Contribution of Learning Outcomes to Programme Outcomes |
| LO1 | 1 | 2 | 4 | 1 | 1 | 4 | 1 | 1 | | LO2 | 1 | 2 | 3 | 1 | 1 | 4 | 1 | 1 | | LO3 | 1 | 2 | 1 | 1 | 1 | 3 | 1 | 4 | | LO4 | 1 | 2 | 1 | 1 | 1 | 4 | 1 | 4 | | LO5 | 1 | 2 | 1 | 1 | 1 | 4 | 1 | 4 | | LO6 | 1 | 2 | 1 | 1 | 1 | 4 | 1 | 4 |
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| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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