sap course 1429213102

Course Code & Number:

ECON 211

Course Title:

Microeconomics I

Level of Course:

BS

Credits:

(3+1+0) 3 TEDU Credits, 6 ECTS Credits

Catalog Description:

Mikroekonomik teorinin formal araçları. Tüketicilerin harcama kararlarının analizi. Firmaların üretim kararları ve piyasaların işleyişi. Arz ve talep analizinin temel teorileri. Üretim teorisi. Mikroekonominin temel prensiplerinin günlük hayatta uygulamaları.

Pre-requisites & Co-requisites:

Pre-requisites: MATH 101 OR ECON 110 OR ECON 101 OR MATH 111
Co-requisites: NONE
Year of Study: 
Sophomore
Semester: 
Fall
Mode of Delivery: 
Face-to-face
Language of Instruction: 
English
Course Type: 
Compulsory
Required Reading: 
1. Varian. H., Intermediate Microeconomics: A Modern Approach. W.W. Norton Co., New York, 2009.
Course Objective: 

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.

Extended Description: 

The market. Budget constraint. Preferences. Utility. Choice. Demand, revealed preference. Slutsky Equation. Income and substitution effect. Buying and selling. Intertemporal choice. Asset markets. Uncertainty. Risky assets. Consumer’s surplus, market demand, equilibrium.

Computer Usage: 
Students will use MS Office applications (Word, Excel, Access) to work on their weekly assignments about 2 hours a week.
Learning Outcomes: 

Upon succesful completion of this course, a student will 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. Solve the Slutsky equation to 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. 

Planned Learning Activities and Teaching Methods: 
Telling/Explaining
Discussion/Debate
Questioning
Reading
Peer Teaching
Demonstrating
Problem Solving
Case Study/Scenarion Analysis
Simulation & Games
Video Presentations
Oral Presentation
Guest Speakers
Web Searching
Assessment Methods and Criteria: 
Test / Exam
Quiz/Homework
Written Project
Presentation (Oral/Poster)

Student Workload:

Quizzes /Homeworks
40
hrs
Midterm Exam 1
16
hrs
Final Exam
16
hrs
Research Review
24
hrs

Prepared By:

Jülide Yıldırım Öcal

Revised By:

sap_editor