GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
MICROECONOMICS I/1100002
Course Title: MICROECONOMICS I
Credits 3 ECTS 7.5
Semester 1 Compulsory/Elective Compulsory
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  Microeconomics
 -- NAME OF LECTURER(S)
  Prof.Dr. Fahriye Öztürk
 -- WEB SITE(S) OF LECTURER(S)
  
 -- EMAIL(S) OF LECTURER(S)
  fahriye@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
At the end of this course succesful students will have knowledge about cardinal and ordinal utility theories.
They will have learned indifference curves, budget constraints, consumer equilibrium, and to reach consumer equilibrium by using mathematical methods.
They will have comprehended Marshallian and Hicksian demand functions and the reflections of income and substition effects on these demand functions.
They will have knowledge about elasticity concept and the types of it.
They will have learned aggregation conditions of elasticity, Slutsky equation, substitutes and complements.
They will have knowledge about productivity of factors.
They will have learned the degree of homogeneity, distribution, and returns to scale concepts.
They will have knowledge about Cobb-Douglas production function.
They will have learned isoquant curves, isocost lines, and the equilibrium of producer.
They will be able to make both short-run and long-run analyses of costs.
 -- MODE OF DELIVERY
  The mode of delivery of this course is Face to face
 -- PREREQUISITES AND CO-REQUISITES
  There is no prerequisite or co-requisite for this course.
 -- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS
  Priorly, being succesful in basic economics and mathematics courses will provide convenience for this course. The students who will be succesful in this course will be able to study some issues like mathematical economics and industrial organisation.
 --COURSE CONTENT
1. Week  Introduction and basic concepts
2. Week  Consumer theory: The theories of cardinal and ordinal utility
3. Week  Indifference curves, properties of utility function, and budget constraint
4. Week  The equilibrium of consumer and Lagrange function
5. Week  Derivations of demand functions and the income and substitution effects
6. Week  Elasticity concept and the types of it
7. Week  Aggregation conditions of elasticity and Slutsky equation
8. Week  Midterm exam
9. Week  Producer theory: Total, average, and marginal physical productivity
10. Week  Isoquant curves and properties of them
11. Week  The coefficient of factor elasticity, the coefficient of output elasticity, and the coefficient of interfactoral substitution elasticity
12. Week  Cobb-Douglas production function
13. Week  Isocost line and the equilibrium of producer
14. Week  Cost function and several concepts of cost
15. Week  Short-run and long-run supply function and profit maximisation
16. Week  Final exam
 -- RECOMMENDED OR REQUIRED READING
  Ismail Bulmus, Microeconomics; Hal. R. Varian, Intermediate Microeconomics A Modern Approach; Hal R. Varian Microeconomic Analysis
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
  Lecture, Question-Answer, Drill-Practise
 -- WORK PLACEMENT(S)
  Not Applicable
 -- ASSESSMENT METHODS AND CRITERIA
 
Quantity
Percentage
 Mid-terms
1
40
 Assignment
0
0
 Exercises
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Contribution of In-term Studies to Overall Grade  
40
 Contribution of Final Examination to Overall Grade  
60
 -- WORKLOAD
 Efficiency  Total Week Count  Weekly Duration (in hour)  Total Workload in Semester
 Theoretical Study Hours of Course Per Week
15
3
45
 Practising Hours of Course Per Week
0
 Reading
0
 Searching in Internet and Library
15
3
45
 Designing and Applying Materials
15
2
30
 Preparing Reports
0
 Preparing Presentation
0
 Presentation
0
 Mid-Term and Studying for Mid-Term
1
30
30
 Final and Studying for Final
1
30
30
 Other
1
7
7
 TOTAL WORKLOAD: 
187
 TOTAL WORKLOAD / 25: 
7.48
 ECTS: 
7.5
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1To have theoretical knowledge in the field of Economic Theory at the proficiency levelX
2To have detailed knowledge about the basic concepts of economics, relations among these concepts and macro and micro economic theoriesX
3To conceive the interaction between economics and other disciplinesX
4To analyze theoretical knowledge and to be able to use practical knowledgeX
5To develop solutions for economic problems by using research methodsX
6To have the experience of using information technologies and basic computer programs at the high level in order to share their accumulated knowledge and problem solving abilityX
7To communicate with colleagues by using a foreign languageX
8To have the ability to interpret economic and social events through the acquired capability to think analytically and critically, and to be open for innovative ideasX
9To have a sound knowledge of the quantitative and qualitative methods that will help to examine the premises of different theoriesX
10To be compatible for teamwork in order to use their accumulated knowledge in research projectsX
11To be able to work on matters that require expertise in economics independentlyX
12To be aware of professional and scientific ethical codes at stages of economic data collection and interpretationX
13To be able to use their leadership skills by taking responsibility in the face of complex economic problemsX