Information Package / Course Catalogue
Microeconomics I
Course Code: ECON211
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: 6
Objectives of the Course

In this course, it is aimed to explain the basic economic problems of all economies and the approach of economic systems to these problems; to explain the economic decision-making behaviours of consumers in order to maximise utility and producers in order to maximise profit.

Course Content

In Microeconomics I course, the basic problems of economies and economic systems will be examined. Consumer theory will explain how consumers' utility-maximizing consumption preferences are determined and changed according to Cardinal and Ordinal approaches. With the producer theory, it will be explained how firms determine their production functions and optimum input composition in order to maximize profit. The relationship between input quantity and productivity will be analyzed. Market supply, market demand and elasticity analyses of the factors affecting the equilibrium price level will be explained.

Name of Lecturer(s)
Prof. Necmiye CÖMERTLER
Learning Outcomes
1.Students will be able to explain basic economic concepts and problems and understand economic systems.
2.Students will be able to define the market, understand and analyse the demand side and supply side of the market, explain the market equilibrium and analyse the changes in the market equilibrium in detail.
3.Students will be able to explain consumer preferences and the concept of utility, analyse how consumer equilibrium is formed and changed.
4.Students will be able to define production and periods by defining factors of production, explain the operation of the law of increasing and decreasing returns in the short run and the concept of returns to scale in the long run.
5.Students will be able to explain how specialised production functions are decomposed with the help of the elasticity of substitution.
Recommended or Required Reading
1.Zeynel Dinler (2021) Mikro Ekonomi. Ekin Yayınları (32. Baskı)
2.Abdullah Özdemir, Mümin Eser (2021) Mikro İktisat. Alter Yayıncılık (7. Baskı)
3.Paul R. Krugman, Robin Wells (2023) Ekonomi. Palme Akademik Yayınları
Weekly Detailed Course Contents
Week 1 - Theoretical
Fundamental Problems of Economics
Week 2 - Theoretical
Economic Systems
Week 3 - Theoretical
Consumer Theory - The Problem of Measurability of Utility (Cardinal Approach)
Week 4 - Theoretical
Consumer Theory - Equal Marginal Utility Principle and Consumer Equilibrium (Cardinal Approach)
Week 5 - Theoretical
Consumer Theory - Indifference Analysis and Consumer Equilibrium (Ordinal Approach)
Week 6 - Theoretical
Consumer Theory - Changes in Consumer Preferences, Income and Consumer Equilibrium
Week 7 - Theoretical
Consumer Theory - Price Changes and Consumer Equilibrium
Week 8 - Theoretical
Consumer Theory - Market Demand Analysis, Income and Elasticities of Substitution
Week 9 - Theoretical
Producer Theory - Production Function and Yield Analysis
Week 10 - Theoretical
Producer Theory - Optimal Factor Combination Selection
Week 11 - Theoretical
Producer Theory - Chances in Producer Equilibrium
Week 12 - Theoretical
Producer Theory - Cost Theory
Week 13 - Theoretical
Producer Theory - Cost Theory
Week 14 - Theoretical
Producer Theory - Supply Analysis
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory143384
Midterm Examination125328
Final Examination135338
TOTAL WORKLOAD (hours)150
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
OÇ-1
5
5
3
2
2
2
2
4
2
3
4
3
OÇ-2
5
5
4
2
3
2
2
4
2
3
4
3
OÇ-3
5
5
3
2
3
2
2
4
2
3
4
3
OÇ-4
5
5
3
2
3
2
2
3
2
2
3
3
OÇ-5
5
5
2
2
3
2
2
3
2
2
3
3
Adnan Menderes University - Information Package / Course Catalogue
2026