Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | TEB-109 | ECONOMICS OF PRODUCTION AND CONSUMPTION | Elective | 1 | 2 | 6 |
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Level of Course Unit |
Second Cycle |
Objectives of the Course |
To understand the language and logic of modern microeconomic theory and apply microeconomic theory to agricultural issues |
Name of Lecturer(s) |
Dr. Öğr. Üyesi Emine AŞKAN |
Learning Outcomes |
1 | At the end of course, students understand the main concepts used in the systematic analysis of consumer choice and producer decisions | 2 | Students understand the utility and production functions in the analyses of consumer and producer behaviors and be comfortable with the mathematical manipulation of these functions. | 3 | They understand duality between consumer and producer theory | 4 | They can apply microeconomic theory to agrıcultural issues | 5 | 5. They comprehend input- output relations and can show these graphically and algebraically | 6 | They can understand the supply and demand sides of the market and do research on them |
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Mode of Delivery |
Daytime Class |
Prerequisites and co-requisities |
not |
Recommended Optional Programme Components |
not |
Course Contents |
This is three credit hour course that focuses on how markets coordinate individual decisions made by consumers and producers of agricultural goods |
Weekly Detailed Course Contents |
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1 | Introduction to Microeconomics | | | 2 | Introduction to Consumer Theory | | | 3 | Consumer Preferences and Utility | | | 4 | Utility Maximization | | | 5 | Income and Substitution Effects | | | 6 | Market Demand Analysis | | | 7 | Elasticities of income and Substitution | | | 8 | Midterm Exam | | | 9 | Introduction to production Theory | | | 10 | Production Function and Productivity Analysis | | | 11 | Cost Functions | | | 12 | Supply Curves | | | 13 | Elasticities of Supply | | | 14 | Economic Efficiency | | |
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Recommended or Required Reading |
Prof.Dr. Zeynel Dinler, Mikro Ekonomi, Ekin Basım Yayın Dağıtım, 22. Baskı, 2011
‘Microeconomic Teory: Concepts and Connections’ by Michael E. Wetzstein, Publisher: Thomsan South-Western |
Planned Learning Activities and Teaching Methods |
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Assessment Methods and Criteria | |
Midterm Examination | 1 | 100 | SUM | 100 | |
Final Examination | 1 | 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) | yok |
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Workload Calculation |
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Midterm Examination | 1 | 1 | 1 |
Final Examination | 1 | 1 | 1 |
Quiz | 5 | 1 | 5 |
Observation | 5 | 1 | 5 |
Report Preparation | 3 | 10 | 30 |
Report Presentation | 3 | 1 | 3 |
Self Study | 15 | 3 | 45 |
Individual Study for Mid term Examination | 1 | 20 | 20 |
Individual Study for Final Examination | 1 | 40 | 40 |
Report | 3 | 3 | 9 |
Oral Examination | 1 | 1 | 1 |
Individual Study for Quiz | 5 | 2 | 10 |
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Contribution of Learning Outcomes to Programme Outcomes |
LO1 | 2 | 3 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | LO2 | 2 | 3 | 3 | 3 | 2 | 4 | 3 | 3 | 3 | 4 | LO3 | 2 | 3 | 3 | 3 | 3 | 4 | 2 | 2 | 3 | 4 | LO4 | 2 | 3 | 3 | 2 | 4 | 3 | 3 | 2 | 1 | 3 | LO5 | 2 | 3 | 3 | 3 | 5 | 4 | 3 | 2 | 3 | 3 | LO6 | 2 | 3 | 4 | 4 | 3 | 4 | 3 | 3 | 4 | 5 |
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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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