Information Package / Course Catalogue
Microeconomics I
Course Code: ECO201
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

Acquaint the students with the fundamentals of economic reasoning; basic concepts and processes in microeconomics; identification and discussion of current economic issues.

Course Content

Theory of Demand, Cardinal and Ordinal Benefits, Consumer Surplus Income and substitution effects and Slutsky Equation, Production Theory, Cost Theory, Full Company Balance of Competition, Monopoly Market, Price Discrimination.

Name of Lecturer(s)
Lec. Hatice ARMUTCUOĞLU TEKİN
Learning Outcomes
1.Lists economic problems.
2.Identifies how individual economic units make rational choices given scarce resources and will know how to optimize the use of resources at hand.
3.Analyzes the mechanics of demand and supply; applies individuals, firms, and the market.
4.Applies the concept of marginal analysis in order to make optimal choices.
5.Identifies the characteristic differences amongst various market structures.
Recommended or Required Reading
1.A. KOUTSOYIANNIS, Modern Mikro İktisat, Çev. Muzaffer Sarımeşeli, Birinci Baskı, Ankara: Gazi Kitabevi, 1997.
2.Jonathan HAMILTON – Valerie Y. SUSLOW, Study Guide for Microeconomics, 7th Edition, Prentice Hall, UK, 2008.
Weekly Detailed Course Contents
Week 1 - Theoretical
Basic Overview of the Social and Economic Problems of Microeconomics
Week 2 - Theoretical
Theory of Demand
Week 3 - Theoretical
Cardinal and Ordinal Benefits Revealed Preference Hypothesis and Demand Functions
Week 4 - Theoretical
2. Order Conditions of Utility Maximization, Hessian and Hessian Determinants Fencing
Week 5 - Theoretical
Consumer Surplus Income and Substitution effects and Slutsky Equation
Week 6 - Theoretical
Production Theory, Short and Long Term Balance
Week 7 - Theoretical
Cost Theory, The Importance of Modern Cost and Cost Theory, Economies of Scale
Week 8 - Theoretical
Cost Theory, The Importance of Modern Cost and Cost Theory, Economies of Scale
Week 9 - Theoretical
Full Company Balance of Competition, Consumer and Industrial Supply Curve
Week 10 - Theoretical
Long and Short Term Equilibrium in Perfect Competition
Week 11 - Theoretical
Evaluation of Perfect Competition
Week 12 - Theoretical
Monopoly Market
Week 13 - Theoretical
Price Discrimination
Week 14 - Theoretical
Competitive Factor Markets
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory140342
Reading140114
Individual Work140456
Midterm Examination115116
Final Examination121122
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
PÇ-13
PÇ-14
PÇ-15
OÇ-1
5
4
5
3
2
2
2
OÇ-2
5
3
5
2
3
2
1
OÇ-3
5
4
5
3
2
2
2
OÇ-4
5
3
5
2
3
2
1
OÇ-5
5
4
5
3
2
2
2
Adnan Menderes University - Information Package / Course Catalogue
2026