Course Information


Course Information
Course Title Code Semester L+U Hour Credits ECTS
MICROECONOMICS USG110 2. Semester 4 + 0 4.0 5.0

Prerequisites None

Language of Instruction Turkish
Course Level Associate's Degree
Course Type Compulsory
Mode of delivery
Course Coordinator
Instructors
Assistants
Goals .The course examines the economic behavior of consumers and producers on the basis of the benefit and profit maximization approach. The course covers intermediate microeconomic topics such as consumer theory, producer theory, production technologies and pricing, price and production levels in competitive and non-competitive markets, factor markets, taxes and subsidies,
Course Content Economic Problems and Economic Analysis: Economic Concepts,,Mechanism of Perfect Competition Market: Supply and Demand, Elasticity, Market Equilibrium, Consumer Behavior: Cardinal and Ordinal Utility Theories, Production Technolgy and Costs, Pricing and Equilibrium in the Perfect Competition Market, Pricing and Equilibrium in the Monopolistic Market, ,Pricing and Equilibrium in Monopolistic Competition Market, Pricing and Equilibrium in Oligopolistic Market, Pricing in Complete and Imperfect Competition Conditions in Labor Market, General Equilibrium, Market Failures, Income Distribution
Learning Outcomes 1) It analyzes the economic behavior of consumers and producers according to the approach of benefit and profit maximization.
2) Perfect competition and incomplete competition will gain market mechanisms.
3) Understands and analyzes which factors determine the price and production levels when different markets are involved.
4) Analyzes on income distribution and inequality using general and partial equilibrium analyzes.

Weekly Topics (Content)
Week Topics Teaching and Learning Methods and Techniques Study Materials
1. Week INTRODUCTION TO MICROECONOMICS Lecture
Opinion Pool
Problem Based Learning 		Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
2. Week SUPPLY AND DEMAND Lecture; Question Answer; Problem Solving; Discussion
Opinion Pool; Speech Loop
Brain Based Learning 		Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
3. Week ELASTICITY Lecture; Question Answer; Problem Solving; Discussion
Six Hats Thinking; Opinion Pool; Speech Loop
Case Based Learning 		Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
4. Week THEORY OF CONSUMPTION Lecture; Question Answer; Problem Solving; Discussion
Brainstorming
Problem Based Learning; Brain Based Learning 		Homework Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
5. Week THEORY OF PRODUCTION AND COST ANALYSIS Lecture; Question Answer; Problem Solving; Discussion; Case Study
Brainstorming; Speech Loop
Problem Based Learning; Brain Based Learning 		Homework Report (Including Preparation and presentation Time) Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
6. Week THEORY OF PRODUCTION AND COST ANALYSIS Lecture; Discussion
Opinion Pool; Speech Loop
Brain Based Learning 		Homework Presentation (Including Preparation Time)
7. Week PERFECT COMPETITION Question Answer; Problem Solving
Brainstorming; Opinion Pool
Brain Based Learning 		Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
8. Week MIDTERM EXAM Problem Solving
Workshop
Problem Based Learning 		Activity (Web Search, Library Work, Trip, Observation, Interview etc.) Practice (Teaching Practice, Music/Musical Instrument Practice, Statistics, Laboratory, Field Work, Clinic and Polyclinic Practice)
9. Week MONOPOLY Lecture; Problem Solving
Brainstorming; Workshop
Brain Based Learning 		Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
10. Week MONOPOLISTIC COMPETITION Lecture; Question Answer; Problem Solving; Discussion
Brainstorming
Problem Based Learning 		Homework Presentation (Including Preparation Time) Practice (Teaching Practice, Music/Musical Instrument Practice, Statistics, Laboratory, Field Work, Clinic and Polyclinic Practice)
11. Week OLIGOPOLY Lecture; Discussion

Problem Based Learning; Brain Based Learning 		Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
12. Week LABOUR MARKET Lecture; Question Answer; Problem Solving
Brainstorming; Opinion Pool
Problem Based Learning; Brain Based Learning 		Homework Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
13. Week WELFARE ECONOMICS AND GENERAL EQUILIBRIUM Lecture; Question Answer; Problem Solving; Discussion
Brainstorming
Brain Based Learning 		Homework Presentation (Including Preparation Time) Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
14. Week MARKET FAILURE Lecture
Opinion Pool
Brain Based Learning 		Activity (Web Search, Library Work, Trip, Observation, Interview etc.)

Sources Used in This Course
Recommended Sources
1) Erdal M. Ünsal, Mikro İktisat 7E, İmaj Yayınevi 2007
2) Robert. H. Frank, Microeconomics 5E, McGraw-Hill 2008.
3) Intermediate Microeconomics, 6E, Hal R. Varian 2007.

Relations with Education Attainment Program Course Competencies
Program RequirementsContribution LevelDK1DK2DK3DK4
PY150000
PY250000
PY350000
PY450000

*DK = Course's Contrubution.
0 1 2 3 4 5
Level of contribution None Very Low Low Fair High Very High
.

ECTS credits and course workload
Event Quantity Duration (Hour) Total Workload (Hour)
Course Duration (Total weeks*Hours per week) 16 3
Work Hour outside Classroom (Preparation, strengthening) 15 1
Time to prepare for Quiz 4 3
Midterm Exam 1 2
Time to prepare for Midterm Exam 1 5
Final Exam 1 2
Time to prepare for Final Exam 1 6
Total Workload
Total Workload / 30 (s)
ECTS Credit of the Course
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Course Information
  • Course Information
  • Weekly Topics (Content)
  • Sources Used in This Course
  • Relations with Education Attainment Program Course Competencies
  • ECTS credits and course workload