Microeconomics

Course Code:

ECON 211

Course Period:

Autumn

Course Type:

Core

P:

3

Application:

0

Credits:

3

ECTS:

7

Course Language:

İngilizce

Course Coordinator:

Alper ALTINANAHTAR

Courses given by:

Alper ALTINANAHTAR

Course Objectives:

To investigate traditional microeconomic theories using intermediate level mathematics

Course Content:

The topics that will be investigated throughout the course are as follows; supply-demand model, consumer theory, firm theory, production and cost functions, and profit maximization under perfect and imperfect competition. These topics will be covered both theoretically and using real life examples.

Course Methodology:

1: Lecture, 2: Question-Answer, 3: Discussion, 12: Case Study

Course Evaluation Methods:

A: Testing, B: Experiment, C: Homework, Q: Quiz

Vertical Tabs

Course Learning Outcomes

Learning Outcomes	Program Learning Outcomes	Teaching Methods	Assessment Methods
Using supply-demand models in allocation of scarce resources	1,2,4	1, 2, 3	A, C, Q
Determining and analyzing the factors that determine consumer preferences	1,2,4	1, 2, 3	A, C, Q
Understanding and analyzing firms' behavior	1,2,4	1, 2, 3	A, C, Q
Determining optimal input usage	1,2,4	1, 2, 3	A, C, Q
Analyzing and determining the profit maximization methods and firm behavior under different market structures	1,2,4,5	1, 2, 3,12	A, C, Q

Course Flow

Week	Topics	Study Materials
1	Introduction	Chapter 1
2	Supply and Demand	Chapter 2
3	Application of Supply and Demand Models	Chapter 3
4	Application of Supply and Demand Models	Chapter 3
5	Consumer Theory	Chapter 4
6	Midterm I
7	Consumer Theory Applications	Chapter 5
8	Firms and Production	Chapter 6
9	Cost	Chapter 7
10	Competitive Firms and Markets	Chapter 8
11	Midterm II
12	Application of Competitive Model	Chapter 9
13	General Equilibrium and Economic Welfare	Chapter 10
14	Review

Recommended Sources

Textbook		Microeconomics 6th ed. by Jeffrey M. Perloff, Pearson Addison Wesley, 2012
Additional Resources		Daily newspapers (print or online) or weekly magazines such as Economist and Capital

Material Sharing

Documents		Lectures notes
Assignments		Problems at the end of the chapter and homework assignments
Exams

Assessment

IN-TERM STUDIES	NUMBER	PERCENTAGE
Mid-terms	2	75
Quizzes (attendance, presentation, etc.)	40	20
Assignments	1	5
	Total	100
Contribution of Final Examination to Overall Grade		40
Contribution of In-Term Studies to Overall Grade		60
	Total	100

Course’s Contribution to Program

No	Program Learning Outcomes	Contribution
		1	2	3	4	5
1	Students can keep themselves informed and analyze the current economic development in Turkey and in the world from an international political economy perspective paying a particular attention to the interaction of the Turkish economy with the global economy.				X
2	Being aware of the development and accumulation of economic thought, students can master qualitative and quantitative knowledge and methods to test various economic theories that can be applied to the analysis of the current economic problems.				X
3	Students can use statistical and econometric analyses by learning how to use information technologies that have validity and widespread use in the field of economics.	X
4	By learning how to learn in the field of economics, students can research and work individually or as a team using the Turkish and English academic resources.			X
5	Being aware of the ethical values, students know the individual, social and ecological dimensions of the concept of social responsibility and can prove that they understand the active citizenship duty that falls upon them within this framework.		X
6	Students can clearly express, present and share their knowledge, the outcomes of their studies, their ideas and comments to people in their field or other disciplines/units using the necessary data, in national and international academic and professional environments, in Turkish or English.	X
7	Students can show that understanding the universality of social rights and the concepts of social justice, which form the basis of the modern societies, and the importance of scientific perspective, which is necessary to the social development and global competitiveness.	X

ECTS

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Course Duration (Including the Exam Week: 15 x total course hours)	15	3	45
Hours for off-the-classroom study (Pre-study, practice)	15	6	90
Mid-terms	1	2	2
Quizzes (attendance, presentation, etc.)	40	0,5	20
Assignments	1	2	2
Final Examination	1	4	4
Total Work Load			163
Total Work Load / 25 (s)			6,52
ECTS Credit of the Course			7

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