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| IKT2017 | Microeconomics - I | 3+0+0 | ECTS:7 | | Year / Semester | Fall Semester | | Level of Course | First Cycle | | Status | Compulsory | | Department | DEPARTMENT of ECONOMICS | | Prerequisites and co-requisites | None | | Mode of Delivery | | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | Prof. Dr. Nebiye YAMAK | | Co-Lecturer | Prof. Dr. Nebiye YAMAK | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | The aim of this course is to provide students with the ability to understand and interpret the decision-making mechanisms of economic decision units. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | learn microeconomic terminology about the market, supply, demand, and price mechanism. | 1,3 | | | LO - 2 : | understand the theories developed on producer and consumer behavior. | 1,3 | | | LO - 3 : | examine and interpret real-life producer and consumer decisions. | 1,3 | | | LO - 4 : | have information about production costs and analyze the cost structures of firms. | 1,3 | | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome | | |
| Demand, supply and price mechanism, consumer equilibrium, producer equilibrium, production costs |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Principles of economics, definition of economics, subject of economics, economic sisytems, main concepts, methods used in economics | | | Week 2 | The economic problem, scarcity and choice, opportunity cost | | | Week 3 | Demand, demand functions, market demand curve, changes in income, changes in a good's price of another good, compensated demand | | | Week 4 | Supply, supply functions, market supply curve | | | Week 5 | Market equilibrium, equilibrium price, effect on price of shifts in the demand curve,effect on price of shifts in the supply curve | | | Week 6 | Elasticity of demand, price elasticity of demand, income elasticity of demand, cross-price elasticity of demand | | | Week 7 | Elasticity of supply | | | Week 8 | Applications of supply, demand and elacticity | | | Week 9 | Mid-term exam | | | Week 10 | Price controls | | | Week 11 | Theories of consumer behavior, utulity, the law of diminishing marginal utility, cardinal and ordinal utility, indifference curves, characteristics of indifference curves, marginal rate of substitution, budget line | | | Week 12 | The equilibrium of the consumer, changes in consumer equilibrium, quiz | | | Week 13 | Theory of production, production functions, total product, average product, marginal product, the optimal combination of inputs in short run | | | Week 14 | Isoquant curves, rate of technical substitution, the economic region of production, return to scale, input substitution, isoquant line, the optimal combination of inputs in short run | | | Week 15 | Production costs | | | Week 16 | End-of-term exam | | | |
| 1 | Ünsal, E. 2017; Mikro İktisat, Murat Yayınları, 11.Baskı, Ankara
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| 1 | Dinler, Z. 2021; Mikro Ekonomi, Ekin Kitabevi, 31.Baskı, Bursa
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| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 11/2022 | 1 | 50 | | End-of-term exam | 16 | 01/2023 | 1 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 3 | 14 | 42 | | Sınıf dışı çalışma | 8 | 14 | 112 | | Laboratuar çalışması | 0 | 0 | 0 | | Arasınav için hazırlık | 8 | 2 | 16 | | Arasınav | 1 | 1 | 1 | | Uygulama | 0 | 0 | 0 | | Klinik Uygulama | 0 | 0 | 0 | | Ödev | 0 | 0 | 0 | | Proje | 0 | 0 | 0 | | Kısa sınav | 0 | 0 | 0 | | Dönem sonu sınavı için hazırlık | 6 | 3 | 18 | | Dönem sonu sınavı | 1 | 1 | 1 | | Diğer 1 | 0 | 0 | 0 | | Diğer 2 | 0 | 0 | 0 | | Total work load | | | 190 |
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