Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
1-İKT-101MICROECONOMIC ANALYSIS - ICompulsory126
Level of Course Unit
Second Cycle
Objectives of the Course
A primary aim of Microeconomic theory is the analysis of price system. In this context, we will examine the nature and scope of economics, basic concept of economics (scarcity, choice, production possibilities, positive and normative economics, demand and supply, demand and supply elasticities, market equilibrium and changes in market equilibrium, price ceiling and price floor, consumer preferences, consumer equilibrium, income and substitution effects (Classic, Hicks and Slutsky Approach), the market demand for a commodity, price elasticity of market demand, income elasticity of demand and cross elasticity of demand) elaborately.
Name of Lecturer(s)
Learning Outcomes
1Should define the basic concepts about microeconomics.
2Should understand and explain price mechanism.
3Should interpret the elasticity concept elaborately.
4Should analyze the economic behavior of consumers.
5Should explain income and substitution effects elaborately.
6Should detect microeconomic problems and produce alternative solutions to these problems.
7Should paraphrase microeconomic cases by the language of economic literature.
8 Should participate discussions about microeconomics subjects.
Mode of Delivery
Daytime Class
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Course Contents
Microeconomic theory studies the economic behavior of individual decision-making units such as individual consumers, resource owners and business firms.
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1The Nature of Microeconomics
2The Demand Size of the Market
3Price Elasticity of Demand
4The Supply Size of the Market
5Price Elasticity of Supply
6Market Equilibrium and Changes in Market Equilibrium
7Consumer Preferences
8Indifference Curves
9Budget Line and Consumer Equilibrium
10Consumer Behavior and Individual Demand
11Income and Substitution Effects (Classic Approach)
12Income and Substitution Effects (Hicks Approach)
13Income and Substitution Effects (Slutsky Approach)
14Market Demand and Elasticities
Recommended or Required Reading
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination130
Attending Lectures1510
Practice1010
Discussion1010
Field Work410
Individual Study for Mid term Examination2010
Individual Study for Final Examination2010
Homework2010
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Examination170
Report130
SUM100
Term (or Year) Learning Activities30
End Of Term (or Year) Learning Activities70
SUM100
Language of Instruction
Turkish
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination111
Final Examination122
Attending Lectures1510150
Individual Study for Mid term Examination11515
Individual Study for Final Examination12525
TOTAL WORKLOAD (hours)193
Contribution of Learning Outcomes to Programme Outcomes
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PO
8
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* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
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