Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | İKT-23-112 | MICRO ECONOMIC ANALYSIS - I | Elective | 1 | 1 | 6 |
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Level of Course Unit |
Second Cycle |
Objectives of the Course |
The main objective of the Economics master program is to raise experts in economics. Our graduates who have the skills to follow global developments and offer global or regional solutions to problems they encounter will be candidates for top level management positions in the coming years as well as for graduate study in economics. |
Name of Lecturer(s) |
SERKAN KÜNÜ |
Learning Outcomes |
1 | 1 Should define the basic concepts about microeconomics.
2 Should understand and explain price mechanism.
3 Should interpret the elasticity concept elaborately.
4 Should analyze the economic behavior of consumers.
5 Should explain income and substitution effects elaborately.
6 Should detect microeconomic problems and produce alternative solutions to these problems.
7 Should paraphrase microeconomic cases by the language of economic literature.
8 Should participate discussions about microeconomics subjects. |
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Mode of Delivery |
Daytime Class |
Prerequisites and co-requisities |
Department of Economics provides a high quality, Turkish language based master program. The Master's Program in Economics is designed to meet the needs of newly graduated and/or already employed persons for a theoretical background as well as analytical methods in the solution of economic problems. The participating academic staff and course contents are chosen specifically to provide the necessary tools and expertise to the students, preparing them with strong background for the highly competitive international academic and business environments. Students are expected to complete the program in two years. After completing the course requirements in the first year, students will be assigned to advisors that will direct them to proceed with their research. The courses are during the day-time. Attendance to courses are mandotary. The student who is not attended more than 20 % of any course cannot enter final exam. |
Recommended Optional Programme Components |
none |
Course Contents |
1 The Nature of Microeconomics
2 The Demand Size of the Market
3 Price Elasticity of Demand
4 The Supply Size of the Market
5 Price Elasticity of Supply
6 Market Equilibrium and Changes in Market Equilibrium
7 Consumer Preferences
8 Indifference Curves
9 Budget Line and Consumer Equilibrium
10 Consumer Behavior and Individual Demand
11 Income and Substitution Effects (Classic Approach)
12 Income and Substitution Effects (Hicks Approach)
13 Income and Substitution Effects (Slutsky Approach)
14 Market Demand and Elasticities |
Weekly Detailed Course Contents |
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1 | 1 The Nature of Microeconomics
2 The Demand Size of the Market
3 Price Elasticity of Demand
4 The Supply Size of the Market
5 Price Elasticity of Supply
6 Market Equilibrium and Changes in Market Equilibrium
7 Consumer Preferences
8 Indifference Curves
9 Budget Line and Consumer Equilibrium
10 Consumer Behavior and Individual Demand
11 Income and Substitution Effects (Classic Approach)
12 Income and Substitution Effects (Hicks Approach)
13 Income and Substitution Effects (Slutsky Approach)
14 Market Demand and Elasticities | | |
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Recommended or Required Reading |
MİKRO EKONOMİ (Prof.Dr. MUSTAFA KAL) |
Planned Learning Activities and Teaching Methods |
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Assessment Methods and Criteria | |
Midterm Examination | 2 | 100 | SUM | 100 | |
Final Examination | 2 | 100 | SUM | 100 | Term (or Year) Learning Activities | 50 | End Of Term (or Year) Learning Activities | 50 | SUM | 100 |
| Language of Instruction | Turkish | Work Placement(s) | none |
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Workload Calculation |
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Midterm Examination | 1 | 2 | 2 |
Final Examination | 1 | 2 | 2 |
Quiz | 1 | 2 | 2 |
Attending Lectures | 1 | 52 | 52 |
Practice | 1 | 15 | 15 |
Problem Solving | 1 | 10 | 10 |
Question-Answer | 1 | 15 | 15 |
Seminar | 1 | 15 | 15 |
Criticising Paper | 1 | 10 | 10 |
Self Study | 1 | 20 | 20 |
Individual Study for Mid term Examination | 1 | 15 | 15 |
Individual Study for Final Examination | 1 | 15 | 15 |
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Contribution of Learning Outcomes to Programme Outcomes |
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* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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Iğdır University, Iğdır / TURKEY • Tel (pbx): +90 476
226 13 14 • e-mail: info@igdir.edu.tr
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