Information Package / Course Catalogue - Adnan Menderes University

General Information Unit Staff Academic Information Programme Outcomes Course Structure Diagram Contact Information

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Microeconomics I

Course Code	: İKT201
Course Type	: Required
Couse Group	: First Cycle (Bachelor's Degree)
Education Language	: Turkish
Work Placement	: N/A

Theory	: 3
Prt.	: 0
Credit	: 3
Lab	: 0
ECTS	: 5

Objectives of the Course

To gain a basic information to students about nature, scope and methods of microeconomics; a general view of the price system; theories of supply and demand; consumer behavior and preferences; utility maksimization; production process; production costs, and market structures, income distribution

Course Content

Economic concepts, scarcity and choice, consumer demand, the company supply and market equilibrium, elasticity, household behavior, consumer equilibrium, production and costs, producers balance, commodity markets, input markets, the overall balance of income distribution.

Name of Lecturer(s)

Assoc. Prof. Kıymet YAVUZASLAN

Learning Outcomes

1.	To be able to learn basic microeconomics concepts
2.	Able to analyse consumer and producer behavior
3.	Able to analyse the structure of markets
4.	To be able to learning about the income distribution and poverty
5.	To learn small decision units in economy

Recommended or Required Reading

1.	Karl E.Case, Ray C.Fair ve Sharon M.Oster , Principles of Economics, Nineth Edition, 2010
2.	Erdal M. Ünsal, Mikroiktisada Giriş, 6. Baskı, 2005

Weekly Detailed Course Contents

Week 1 - Theoretical

Microeconomics Concepts (economics, wants, needs, goods and services, scarcity, choice and opportunity costs, production possibility frontier, demand, supply, economic systems, and so on)

Week 2 - Theoretical

Demand, supply and shifts in demand and supply; determinants of demand and supply

Week 3 - Theoretical

Market equilibrium and changes in equilibrium and government inventions (price floor and price ceiling)

Week 4 - Theoretical

Elasticities of demand and supply; determinants of elasticities

Week 5 - Theoretical

Preferences and choices; measuring utility

Week 6 - Theoretical

Budget Constraint and utility maksimization (consumer equilibrium); changes in equilibrium

Week 7 - Theoretical

The Production process in the short-run and in the long-run. The behavior of profit maximizing firms in both periods

Week 8 - Theoretical

The Production process in the short-run and in the long-run. The behavior of profit maximizing firms in both periods

Week 9 - Theoretical

Short-run and long-run costs and output decisions; scale economies

Week 10 - Theoretical

Output markets: perfectly competitive market

Week 11 - Theoretical

Monopoly market, Monopolistic competition

Week 12 - Theoretical

Oligopoly and game theory

Week 13 - Theoretical

Introduction to Input Markets

Week 14 - Theoretical

General equilibrium and efficiency

Assessment Methods and Criteria

Type of Assessment	Count	Percent
Midterm Examination	1	%40
Final Examination	1	%60

Workload Calculation

Activities	Count	Preparation	Time	Total Work Load (hours)
Lecture - Theory	14	2	3	70
Individual Work	12	1	2	36
Midterm Examination	1	8	1	9
Final Examination	1	9	1	10
TOTAL WORKLOAD (hours)				125

Contribution of Learning Outcomes to Programme Outcomes

	PÇ-1	PÇ-2	PÇ-3	PÇ-4	PÇ-5	PÇ-6	PÇ-7
OÇ-1	4	5	4	5	4	5	4
OÇ-2	4	5	4	5	4	4	4
OÇ-3	4	5	4	4	4	5	4
OÇ-4	4	5	5	4	4	5	4
OÇ-5	4	3	4	4	4	4	4

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