COURSE UNIT TITLE

: MICROECONOMICS I

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECO 2001 MICROECONOMICS I COMPULSORY 3 0 0 6

Offered By

Economics (English)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR EVRIM TURGUTLU

Offered to

Economics (English)
International Trade and Business (English)
International Business and Trade (English)

Course Objective

The aim of this course is to examine how the interactions of consumers, producers and government determine decision making process concerning the prices, output and regulations. The course also introduces how microeconomic theory is used to analyze and evaulate contemporary market systems.

Learning Outcomes of the Course Unit

1   Demonstrate understanding of consumer behavior and hence the demand side of the market so that s/he can analyze and evaluate reason of behavior of purchasing goods and services.
2   Be able to interpret different consumer preferences under the concept of optimal choice by using different indifference curves.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Preliminaries
2 Budget constraint
3 Preferences
4 Utility
5 Choice
6 Choice
7 Demand
8 Revealed Preference
9 Slutsky Equation
10 Slutsky Equation
11 Intertemporal Choice
12 Market Demand and equilibrium
13 Problem session and revison
14 Class disdussions

Recomended or Required Reading

Varian, H. (2006) Intermediate Microeconomics A Modern Approach, 7th Edition, WW. Norton & Company, New York.

Planned Learning Activities and Teaching Methods

1. Lecture
2. Problem solving

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 FN Final
3 FCG FINAL COURSE GRADE MT * 0.40 + FN * 0.60
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MT * 0.40 + RST * 0.60


Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly define basic concepts used in microeconomic theory.
2. The learner will use necessary optimization methods to solve the choice problem of the consumer.
3. The learner will interpret the welfare implications of possible government interventions

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

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 14 3 42
Tutorials 10 2 20
Preparations before/after weekly lectures 12 2 24
Preparation for midterm exam 1 15 15
Preparation for final exam 1 15 15
Preparation for quiz etc. 7 1 7
Preparing assignments 12 2 24
Final 1 2 2
Midterm 1 2 2
Quiz etc. 7 1 7
TOTAL WORKLOAD (hours) 158

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14
LO.13554
LO.235