COURSE UNIT TITLE

: MICROECONOMICS I

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
IKT 2005 MICROECONOMICS I COMPULSORY 3 0 0 5

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ÜZEYIR AYDIN

Offered to

Economics
Economics (Evening)

Course Objective

The aim of this course is to explain partial equilibriums in perfect competition between economic decision-making units and the goods, services markets.

Learning Outcomes of the Course Unit

1   To be able to explain foundations of the science of Economics and concepts for the courses to be taken in the future.
2   To be able to analyze processes of rational behavior of consumers in goods and services markets for short run, long run terms.
3   To be able to understand obtaining Individual Demand Function and interpret demand analysis.
4   To be able to explain economic and mathematical properties of process of effective use of the firm's input.
5   To be able to explain company costs and terms of cost minimization.
6   To be able to explain economic and mathematical properties of profit maximization in perfect competition conditions.
7   To be able to explain loss minimization in perfect competition conditions and derivation of the firm's short-run supply curve.
8   To be able to solve questions in competitions exams for profession by theoretical and mathematical foundations in this course.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Scope of Micro Economics and First-Good Condition for Decision Making Units, Consumer Behavior Theory and Cardinal Utility Approach.
2 Short-Run Consumer Equilibrium by Ordinal Utility Approach: Indifference Curve and Budget Line Analysis
3 Individual Consumption Function, Income Elasticity of Consumption and Effects of Income Changes on the Long-Run Consumer Equilibrium.
4 Effects of Price Changes on the Long-Run Consumer Equilibrum and Obtaining Individual Demand Function
5 Long-Run Consumer Equilibrium Conditions Decomposition of Income and Substitution Effects
6 Producer Behavior Theory and Balance of Producer: Productivity Analysis and Input Elasticity
7 Producer Behavior Theory and Balance of Producer: Co-product and co-Cost Analysis
8 Midterm Exam
9 Midterm Exam
10 Cobb-Douglas Production Functions, Returns to Scale and Elasticity of Production
11 Costs Theory of Firm
12 Short-Term Cost Balance in Firms and Obtaining Short-Run Supply Function
13 Cost Elasticity, Average Cost Elasticity and Long-Run Cost Theory
14 Firm Revenues and Short-Run Profit Maximization, Long-Run Firm Balance and Loss Minimization in Perfect Competition Markets.

Recomended or Required Reading

1. BULMUŞ, Ismail; Mikro Iktisat
2. BULMUŞ, Ismail; Çözümlü Mikroiktisat Problemleri
3. DINLER, Zeynel; Mikro Iktisat
4. DIVITÇIOĞLU, Sencer; Mikro Iktisat: Fiyat ve Refah Teorisine Giriş
5. DORNBUSCH, Rudiger, FISHER, Stanley ve David, BEGG; Mikro Iktisat
6. EREN, Ercan; Mikro Iktisat
7. EREN, Ercan; DONDURAN, Murat, Mikro Iktisat
8. ERTEK, Tümay; Mikroekonomiye Giriş
9. HENDERSON, J. ve R. Quant; Mikro Iktisat- Matematiksel Bir Yaklaşım
10. KOUTSOYIANNIS, A.; Modern Mikro Iktisat
11. LECAILLON, J.; Mikro Ekonomik Analiz
12. NERE, Jacques; Mikro Iktisat
13. NICOLSON, W.; Microeconomic Theory: Basic Principles and Extensions
14. ÖZDEMIR, Zekai; Mikro Iktisadi Analiz ( Mal Piyasası)
15. PARASIZ, M. Ilker; Mikro Ekonomi
16. PARASIZ, M. Ilker; Modern Mikro Ekonomi
17. PARASIZ, Ilker; Mikro Iktisat Problemleri ve Çözümleri
18. RUBINFELD, Pindyck; Microeconomics
19. ŞAHIN, Hüseyin; Mikro Iktisat
20. TUNÇ, Havva; Mikro Iktisat

Planned Learning Activities and Teaching Methods

Course description, are made by the instructor. Mathematical modeling about course will be computerized.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 MTEG MIDTERM GRADE MTEG * 1
3 FIN FINAL EXAM
4 FCGR FINAL COURSE GRADE MTEG * 0.40 + FIN * 0.60
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTEG * 0.40 + RST * 0.60


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 12 3 36
Preparations before/after weekly lectures 12 2 24
Preparation for midterm exam 1 12 12
Preparation for final exam 1 15 15
Reading 12 4 48
Midterm 1 1 1
Final 1 1 1
TOTAL WORKLOAD (hours) 137

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.111
LO.2111
LO.3111
LO.411
LO.511
LO.611
LO.711
LO.811

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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