Course ID:
Course Code & Number
ECON 211
Course Title
Microeconomics I
Level
BS
Credit Hours/ ECTS Credits
(3+1+0) 3 TEDU Credits, 6 ECTS Credits
Year of Study:
Sophomore
Semester:
Fall
Type of Course:
Compulsory
Mode of Delivery:
Face-to-face
Language of Instruction:
English
Pre-requisite / Co-requisite::
Pre-requisites: ECON 110 OR ECON 101-O OR ECON 101
Co-requisites: NONE
Catalog Description
Formal tools of microeconomic theory. Preferences and choice. Analysis of expenditure decisions of consumers. Production and costs. Cost minimization and profit maximization. Functioning of competitive markets. Application of the theoretical principles of microeconomics in various contexts in everyday life.
Course Objectives
The aim of this course is to introduce students the basic principles and formal tools of microeconomic theory. Students would explain the fundamental theories of consumer decision, production decisions of firms and demand and supply analyses.
Software Usage
Students may use MS Office applications (Word, Excel, and PowerPoint) to work on their assignments/case study/research review.
Course Learning Outcomes
After a successful finishing of the course, the student should be able to
1) Explain production decision of firms.
2) Describe the functioning of markets.
3) Calculate utility of the consumer and budget constraint.
4) Identify income and substitution effects of consumer demand.
5) Examine how economic agents interact in the market.
6) Analyze supply and demand and equilibrium in the market.
7) Apply fundamental theory of microeconomics to various contexts in everyday life.
Learning Activities and Teaching Methods:
Telling/Explaining
Discussion/Debate
Questioning
Reading
Demonstrating
Problem Solving
Collaborating
Case Study/Scenarion Analysis
Video Presentations
Field Trips
Hands-on Activities
Web Searching
Assessment Methods and Criteria:
Test / Exam
Quiz
Case Studies / Homework
Observation
Assessment Methods and Criteria Others:
Design Content
Recommended Reading
1. Pindyck. R. and D. Rubinfeld, Microeconomics. 7th Edition, Prentice Hall, New York, 2008.
Required Reading
1. Varian. H., Intermediate Microeconomics: A Modern Approach. W.W. Norton Co., New York, 2009.
Grading
Learning Activities and Teaching Methods Others:
Course Coordinator:
Tekin Köse
Student Workload:
| Workload | Hrs |
|---|---|
| Course Readings | 42 |
| Field Trips/Visits | 6 |
| Hands-on Work | 18 |
| Exams/Quizzes | 48 |
Course & Program Learning Outcome Matching: