| Course Title | Code | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|
| Micro Economics | POLS101 | 1. Semester | 3 + 0 | 3.0 | 5.0 |
| Prerequisites | None |
| Language of Instruction | English |
| Course Level | Undergraduate |
| Course Type | |
| Mode of delivery | Face to Face |
| Course Coordinator |
Lect. HASAN HARMANCI |
| Instructor(s) |
HASAN HARMANCI |
| Assistants | |
| Goals | The objective of the microeconomics course is to examine the rational decision-making processes of consumers and firms, the out of producer and consumer functions, and the analysis of the decision-making processes of companies in fully competitive, monopolistic, and oligopolistic markets. |
| Course Content | Markets and Prices, Consumer Behavior, Individual and Market Demand, Uncertainty and Consumer Behavior, The Cost of Production, Production, The Analysis of Competitive Markets, Market Power: Monopoly and Monopsony, Markets for Factor Inputs, Investment, Time, and Capital Markets, General Equilibrium and Economic Efficiency, Markets with Asymmetric Information, Externalities and Public Goods |
| Learning Outcomes |
- Learning the basic concepts and models of the economics discipline - Learning the basic concepts of Microeconomics - Explaining consumer behavior from a microeconomic perspective - Understanding the economic decision-making process of producers from a microeconomic perspective. - to explain production and costs in terms of microeconomics - Analyzing the structure of the perfect competition market from a microeconomic perspective - Analyzing the structure of monopoly and monopsony markets from a microeconomic perspective - Understanding the structure of factor markets from a microeconomic perspective - Understanding the concepts of general equilibrium and economic efficiency from a microeconomic perspective - Understanding the structure of markets with asymmetric information from a microeconomic perspective - Understanding externalities and public goods issues from a microeconomic perspective |
| Week | Topics | Learning Methods |
|---|---|---|
| 1. Week | Introductions-Markets and Prices | Course Hours |
| 2. Week | Consumer Behavior | Preparation, After Class Study Course Hours |
| 3. Week | Individual and Market Demand | Course Hours Preparation, After Class Study |
| 4. Week | Uncertainty and Consumer Behavior | Course Hours Preparation, After Class Study |
| 5. Week | The Cost of Production | Preparation, After Class Study Course Hours |
| 6. Week | Production | Preparation, After Class Study Course Hours |
| 7. Week | The Analysis of Competitive Markets | Preparation, After Class Study Course Hours |
| 8. Week | The Analysis of Competitive Markets | Course Hours Preparation, After Class Study |
| 9. Week | Market Power: Monopoly and Monopsony | Course Hours Preparation, After Class Study |
| 10. Week | Factor Markets | Course Hours Preparation, After Class Study |
| 11. Week | Investment, Time, and Capital Markets | Preparation, After Class Study Course Hours |
| 12. Week | General Equilibrium and Economic Efficiency | Preparation, After Class Study Course Hours |
| 13. Week | Markets with Asymmetric Information | Course Hours Preparation, After Class Study |
| 14. Week | Externalities and Public Goods | Course Hours Preparation, After Class Study |
| Pindyck & Rubinfeld; Microeconomics, Eighth ed., Pearson, 2013 |
| Lecture Notes |
| Program Requirements | Contribution Level | DK1 | DK2 | DK3 | DK4 | DK5 | DK6 | DK7 | DK8 | DK9 | DK10 | DK11 | Measurement Method |
|---|
| 0 | 1 | 2 | 3 | 4 | 5 | |
|---|---|---|---|---|---|---|
| Course's Level of contribution | None | Very Low | Low | Fair | High | Very High |
| Method of assessment/evaluation | Written exam | Oral Exams | Assignment/Project | Laboratory work | Presentation/Seminar |
| Event | Quantity | Duration (Hour) | Total Workload (Hour) |
|---|---|---|---|
| Course Hours | 14 | 41 | 574 |
| Preparation, After Class Study | 13 | 34 | 442 |
| Research | 14 | 9 | 126 |
| Midterm 1 | 1 | 1 | 1 |
| Homework 1 | 1 | 56 | 56 |
| Homework 2 | 1 | 56 | 56 |
| Quiz 1 | 1 | 5 | 5 |
| Final | 1 | 1 | 1 |
| Classroom Activities | 14 | 1 | 14 |
| Total Workload | 1275 | ||
| ECTS Credit of the Course | 5.0 | ||
