| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İKT201B2 | Microeconomics I | Compulsory | 2 | 3 | 5 |
|
| Level of Course Unit |
| First Cycle |
| Objectives of the Course |
| A primary aim of Microeconomic theory is the analysis of price system. In this context, the nature and scope of economics, basic concepts of economics (scarcity, choice, production possibilities, positive and normative economics, demand and supply, demand and supply elasticities, market equilibrium and changes in market equilibrium, price ceiling and price floor, consumer preferences, consumer equilibrium, income and substitution effects (Classic, Hicks and Slutsky Approach), the market demand for a commodity, price elasticity of market demand, income elasticity of demand and cross elasticity of demand)will be examined in a detailed way in this course. |
| Name of Lecturer(s) |
| Sevim AKGÜL |
| Learning Outcomes |
| 1 | Should define the basic concepts about microeconomics. | | 2 | Should understand and explain price mechanism | | 3 | Should detailed interpret the elasticity concept. | | 4 | Should analyse the economic behavior of consumer’s. | | 5 | Should explain detailed income and substitution effects. |
|
| Mode of Delivery |
| Normal Education |
| Prerequisites and co-requisities |
| None |
| Recommended Optional Programme Components |
| None |
| Course Contents |
| Microeconomic theory studies the economic behavior of individual decision-making units such as individual consumers, resource owners and business firms. |
| Weekly Detailed Course Contents |
|
| 1 | The Nature of Microeconomics | | | | 2 | The Demand Size of the Market | | | | 3 | Price Elasticity of Demand | | | | 4 | The Supply Size of the Market | | | | 5 | Price Elasticity of Supply | | | | 6 | Market Equilibrium and Changes in Market Equilibrium | | | | 7 | Consumer Preferences | | | | 8 | Mid- Term Exam | | | | 9 | Indifference Curves | | | | 10 | Budget Line and Consumer Equilibrium | | | | 11 | Consumer Behavior and Individual Demand | | | | 12 | Income and Substitution Effects (Classic Approach) | | | | 13 | Income and Substitution Effects (Hicks Approach) | | | | 14 | Income and Substitution Effects (Slutsky Approach) | | | | 15 | Market Demand and Elasticities | | |
|
| Recommended or Required Reading |
| Ünsal, E. (2011) İktisada Giriş, İmaj Yayıncılık, Ankara.
Other Microeconomics books(Bachelor Degree) |
| Planned Learning Activities and Teaching Methods |
|
| Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 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 |
|
| Workload Calculation |
|
| Midterm Examination | 1 | 1 | 1 |
| Final Examination | 1 | 1 | 1 |
| Attending Lectures | 14 | 4 | 56 |
| Self Study | 14 | 3 | 42 |
| Individual Study for Mid term Examination | 1 | 25 | 25 |
| Individual Study for Final Examination | 1 | 25 | 25 |
|
| Contribution of Learning Outcomes to Programme Outcomes |
| LO1 | 5 | 4 | 4 | 4 | 3 | 4 | 2 | | LO2 | 5 | 4 | 4 | 4 | 3 | 5 | 3 | | LO3 | 5 | 4 | 4 | 3 | 3 | 4 | 2 | | LO4 | 5 | 4 | 4 | 4 | 3 | 5 | 4 | | LO5 | 5 | 4 | 4 | 3 | 3 | 4 | 4 |
|
| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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