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Course Code: 
ECON 211
Course Period: 
Spring
Course Type: 
Core
P: 
3
Application: 
0
Credits: 
3
ECTS: 
7
Prerequisite Courses: 
Principles of Microeconomics
Course Language: 
İngilizce
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

Programme Learning Outcomes

Teaching Methods

Assessment Methods

  
 
 

1) Using supply-demand models in the allocation of scarce resources

1,2,4

1,2,3

A, C, Q

  

2) Determining and analyzing the factors that determine consumer preferences

1,2,4

1,2,3

A, C, Q

  

3) Understanding and analyzing firms' behavior

1,2,4

1,2,3

A, C, Q

  

4) Determining optimal input usage

1,2,4

1,2,3

A, C, Q

  

5) Analyzing and determining the profit maximization methods and firm behavior under different market structures

1,2,4,5

1,2,3

A, C, Q

  
 

Course Flow

COURSE CONTENT

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

 

15

Final Exam

All Content
 

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

Midterm Exam and Final Exam
 
 

Assessment

ASSESSMENT

IN-TERM STUDIES

NUMBER

PERCENTAGE

Mid-Term

1

75

Class Performance

1

25

Final Exam

1

100

 

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

COURSE'S CONTRIBUTION TO PROGRAMME

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: 15x Total course hours)

15

3

45

Hours for off-the-classroom study (Pre-study, practice)

15

6

90

Mid-terms

1

2

2

Homework

1

2

2

Final examination

1

4

4

Total Work Load

 

 

143

Total Work Load / 25 (h)

 

 

5,72

ECTS Credit of the Course

 

 

7
 
 
1

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