Course Code: | ECO201 | ||||
Course Name: | Microeconomics 1 | ||||
Semester: | Fall | ||||
Course Credits: |
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Language of instruction: | English | ||||
Course Condition: | |||||
Does the Course Require Work Experience?: | No | ||||
Type of course: | Compulsory Courses | ||||
Course Level: |
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Mode of Delivery: | Face to face | ||||
Course Coordinator: | Doç. Dr. AYFER USTABAŞ | ||||
Course Lecturer(s): |
Doç. Dr. AYFER USTABAŞ |
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Course Assistants: |
Course Objectives: | 1. Teaching the microeconomic theory with practical examples reflecting daily life at the international standart, 2. Teaching microeconomic analysis methods, 3. Explaining utility maximization and choice theory, 4. Explaining the theoretical foundation and the practical applications of consumption preferences based on utility maximization, 5. Examining the firm theory through practical applications within the scope of profit maximization and cost minimization, 6. Examining supply and demand equilibrium in terms of partial and general equilibrium under perfectly competitive market assumptions for short and long-terms. |
Course Content: | Consumer Theory, Producer Theory, Utility Maximization, Profit Maximization, Cost Minimization, Supply and Demand Dynamics, Partial and General Equilibrium under Perfect Competition. |
The students who have succeeded in this course;
1) Have an ability of understanding microeconomics and applying it to their daily life. 2) Have a capacity of using microeconomic analysis. 3) Learn how to maximize utility while choosing. 4) Interpret consumer and firm behavior theoretically and practically. 5) Comprehend supply-demand equilibrium and price determination in competitive markets in the short- and the long-run. |
Week | Subject | Related Preparation |
1) | Markets and Prices | |
2) | Markets and Prices | |
3) | Basics of Supply and Demand | |
4) | Basics of Supply and Demand | |
5) | Consumer Behavior | |
6) | Consumer Behavior | |
7) | MIDTERM | |
8) | Demand Theory | |
9) | Production | |
10) | Production | |
11) | Cost of Production | |
12) | Cost of Production | |
13) | Profit Maximization and Competition | |
14) | Profit Maximization and Competition |
Course Notes / Textbooks: | Principles of Microeconomics - N. Gregory Mankiw |
References: | Lecture Notes |
Course Learning Outcomes | 1 |
2 |
3 |
4 |
5 |
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Program Outcomes |
No Effect | 1 Lowest | 2 Average | 3 Highest |
Program Outcomes | Level of Contribution |
Semester Requirements | Number of Activities | Level of Contribution |
Quizzes | 2 | % 20 |
Midterms | 1 | % 30 |
Final | 1 | % 50 |
total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 50 | |
PERCENTAGE OF FINAL WORK | % 50 | |
total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 14 | 42 |
Study Hours Out of Class | 14 | 28 |
Quizzes | 8 | 14 |
Midterms | 8 | 15 |
Final | 14 | 28 |
Total Workload | 127 |