COURSE UNIT TITLE

: MICROECONOMICS I

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECN 5065 MICROECONOMICS I COMPULSORY 3 0 0 6

Offered By

Economics (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR YEŞIM ÜÇDOĞRUK GÜREL

Offered to

Economics (English)

Course Objective

The aim of this course is to examine how the interactions of consumers, producers and government determine decision making process concerning the prices, output and regulations. The course also introduces how microeconomic theory is used to analyze and evaluate contemporary market systems. Consumer theory, production theory, market structures and price determination are some of the topics that are introduced throughout the course.

Learning Outcomes of the Course Unit

1   Define concepts that are used in microeconomics theory
2   Demonstrate understanding of consumer behavior and hence the demand side of the market so that s/he can analyze and evaluate reason of behavior of purchasing goods and services
3   Be able to interpret different consumer preferences under the concept of optimal choice by using different indifference curves
4   Be able to analyze cost minimization and profit maximization problems of the firm under various market conditions
5   Be able to distinguish the implications of government regulations under different market structures such as perfect competition, monopoly, oligopoly, etc.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Consumer theory
2 Budget constraint
3 Utility and choice
4 Slutsky equation
5 Consumer surplus
6 Market demand and equilibrium
7 Midterm
8 Production Theory
9 Profit maximization and cost minimization
10 Perfect competition
11 Monopolistic competition and monopoly
12 Oligopoly
13 Oligopoly and game theory
14 General Overview

Recomended or Required Reading

1. Nicholson, W., Microeconomic Theory, 5th Edition
2. Lecture Notes

Planned Learning Activities and Teaching Methods

1. Lectures
2. Class Discussions
3. Assignment

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.30 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.30 + RST* 0.40


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will define the key concepts in microeconomic theory.
2. The learner will use necessary optimization methods to solve the choice problem of the consumer.
3. The learner will interpret the welfare implications of possible government interventions.
4. The learner will solve profit maximization problem of the firms under different market structures.
5. The learner will interpret the implications of microeconomic theory in evaluating and analyzing current market structures.

Language of Instruction

English

Course Policies and Rules

It is obligatory to attend at least 70% of the classes.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 13 3 39
Tutorials 13 1 13
Preparations before/after weekly lectures 13 2 26
Preparation for midterm exam 1 20 20
Preparation for final exam 1 25 25
Preparing assignments 5 6 30
Midterm 1 2 2
Final 1 2 2
TOTAL WORKLOAD (hours) 157

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.15421
LO.2345
LO.3455
LO.4335
LO.5455

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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