Economics

Microeconomics I(ECON201)

Course Code Course Name Semester Theory Practice Lab Credit ECTS
ECON201 Microeconomics I 3 5 0 0 5 7
Prerequisites
Admission Requirements
Language of Instruction Turkish
Course Type Compulsory
Course Level Bachelor Degree
Course Instructor(s) Mustafa ULUS mulus@gsu.edu.tr (Email)
Assistant
Objective Analysis of the consumer and firm behavior and production and distribution process of the societies. Decision making of the consumers and firms as well as their interactions and outcomes will be analyzed at the introductory level
Content Consumer theory and demand analysis; producer theory, cost minimization and profit maximization; short term and long term supply analysis; competititve market equilibrium
Course Learning Outcomes On the completion of the course students are expected to:
1. Analyze the consumer behavior and derive the demand relations
2. Analyze the firm behavior at the competitive markets
3. Use short and long term analysis of supply
4.Analyze the market equilibrium.
Teaching and Learning Methods Formal lecture and recitation
References Thomas Necyhba, Cengage Learning, Microeconomics: An Intuitive Approach with Calculus
Pierre Picard, Montchrestien, Eléments de micro-économie
Print the course contents
Theory Topics
Week Weekly Contents
1 Introduction, microeconomic problem
2 Consumer's economic circumstances, budget constraint
3 Tastes and indifference curves
4 Different types of tastes, elasticity of substitution and utility functions
5 Optimizing choice of consumer
6 Income and substitution effects
7 Demand functions
8 Producer theory, short run firm behavior
9 Multiple inputs and production
10 Cost minimization, profit maximization and duality
11 Short and long run production and supply
12 Competitive equilibrium
13 Efficiency of the market
14 Synthesis
Practice Topics
Week Weekly Contents
Contribution to Overall Grade
  Number Contribution
Contribution of in-term studies to overall grade 2 60
Contribution of final exam to overall grade 1 40
Toplam 3 100
In-Term Studies
  Number Contribution
Assignments 0 0
Presentation 0 0
Midterm Examinations (including preparation) 2 60
Project 0 0
Laboratory 0 0
Other Applications 0 0
Quiz 0 0
Term Paper/ Project 0 0
Portfolio Study 0 0
Reports 0 0
Learning Diary 0 0
Thesis/ Project 0 0
Seminar 0 0
Other 0 0
Toplam 2 60
No Program Learning Outcomes Contribution
1 2 3 4 5
1 Demonstrate a basic knowledge of different economic theories and main discussions driving current theoretical approaches X
2 Demonstrate ability to use basic qualitative and quantitative methods to asses different economic questions of applied fields
3 Show a sound understanding of current economic discussions and problems X
4 Have an effective and clear communication in written and oral formats in different public and professional contexts.
5 Demonstrate basic knowledge of the world economic history and a sound knowledge of the Turkish economic history
7 Demonstrate knowledge of standard quantitative techniques and empirical models used in economics
8 Show ability to apply basic economic theory to an applied topic
9 Show a basic understanding of analytical methods, both theory- and model-based X
10 Show ability to use economic concepts to discuss current economic issues X
11 Reason logically and work analytically
12 Show awareness on social aspects of the economics in different applied and theoretical fields
13 Identify appropriate economic models to analyse problems
16 Show understanding of basic statistical and econometric concepts and ability to apply basic concepts to own empirical work
17 Demonstrate a sound knowledge of the current economic issues in Turkey and a general knowledge of the issues in the world economy
Activities Number Period Total Workload
Class Hours 14 5 70
Working Hours out of Class 10 3 30
Assignments 0 0 0
Presentation 0 0 0
Midterm Examinations (including preparation) 2 15 30
Project 0 0 0
Laboratory 0 0 0
Other Applications 0 0 0
Final Examinations (including preparation) 1 20 20
Quiz 0 0 0
Term Paper/ Project 0 0 0
Portfolio Study 0 0 0
Reports 0 0 0
Learning Diary 0 0 0
Thesis/ Project 0 0 0
Seminar 0 0 0
Other 0 0 0
Total Workload 150
Total Workload / 25 6,00
Credits ECTS 6
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