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| IKT 124 | Microeconomics | 3+0+0 | ECTS:4 | | Year / Semester | Spring Semester | | Level of Course | First Cycle | | Status | Compulsory | | Department | DEPARTMENT of ECONOMICS | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | -- | | Co-Lecturer | ASSOC. PROF. DR. ADEM KALÇA | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | The aim of this course is to develop skills of the students in understanding and analyzing undergraduate topics on microeconomics. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | learn the terminology of microeconomics. | 1 | | | LO - 2 : | apply the theory of maximizing agents to firms and consumer. | 2 | | | LO - 3 : | use several solution techniques for microeconomics problems. | 2,3 | | | LO - 4 : | integrate economic models with real world applications. | 3 | | | LO - 5 : | understand how markets operate and identify welfare outcomes for consumer and firms. | 2,3 | | | 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 | | |
| Production function and law of diminishing returns, producer equilibrium, changes in equilibrium, costs of production, short and long run equilibrium in perfect competition, equilibrium in monopoly, monopson, oligopoly, monopolistic competition and the other markets. |
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| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | | | | |
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