Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
1302001292002INTRODUCTION TO MICROECONOMICSCompulsory116
Level of Course Unit
First Cycle
Objectives of the Course
The general objective of this course is to gain a basic information to students about nature, scope and methods of microeconomics; a general view of the price system; theories of supply and demand; consumer behavior and preferences; utility maksimization; production process; production costs, and market structures, income distribution
Name of Lecturer(s)
Assoc.Prof.Dr. Meneviş Uzbay Pirili
Learning Outcomes
1To be able to learn basic microeconomics concepts
2To be able to be a rational decision-maker and an informed citizen
3To be able to analyse consumer and producer behavior
4To be able to learn determinats of demand and supply in market
5To be able to analyse the structure of markets
6To be able to learn the role of government in microeconomy
7To be able to learn about the income distribution
Mode of Delivery
Face to Face
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Course Contents
Economic concepts, scarcity and choice, consumer demand, firm supply and market equilibrium, elasticity, household behavior, consumer equilibrium, production and costs, producer equilibrium, goods market, input market, general equilibrium, income distribution
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1Microeconomics Concepts (economics, wants, needs, goods and services, scarcity, choice and opportunity costs, production possibility frontier, demand, supply, economic systems, and so on). Reading
2Demand, supply and shifts in demand and supply; determinants of demand and supplyReading
3Market equilibrium and changes in equilibrium and government inventions (price floor and price ceiling) Reading
4Elasticities of demand and supply; determinants of elasticities. Reading
5Preferences and choices; measuring utility Reading
6Budget Constraint and utility maksimization (consumer equilibrium); changes in equilibrium. Reading
7The Production process in the short-run and in the long-run. The behavior of profit maximizing firms in both periods Reading
8Midterm Reading and research homework
9Short-run and long-run costs and output decisions; scale economiesReading and research homework
10Output markets: perfectly competitive marketReading and research homework
11Monopoly market and monopolistic competition Reading and research homework
12Oligopoly and game theoryReading and research homework
13Introduction to Input Markets Reading and research homework
14General equilibrium and efficiencyReading and research homework
15Income distribution and povertyReading and research homework
16Final
Recommended or Required Reading
Karl E.Case, Ray C.Fair ve Sharon M.Oster , Principles of Economics, Nineth Edition, 2010. Michael Parkin, Economics, Sixth Edition 2003 Erdal M. Ünsal, Mikroiktisada Giriş, 6. Baskı, 2005.
Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination1100
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Sınavı1100
SUM100
Term (or Year) Learning Activities40
End Of Term (or Year) Learning Activities60
SUM100
Language of Instruction
English
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination122
Final Examination122
Attending Lectures16348
Practice9327
Self Study13113
Individual Study for Mid term Examination20240
Individual Study for Final Examination20240
Homework12112
TOTAL WORKLOAD (hours)184
Contribution of Learning Outcomes to Programme Outcomes
PO
1
PO
2
PO
3
PO
4
PO
5
PO
6
PO
7
PO
8
PO
9
PO
10
LO14544555454
LO25555545555
LO35555455455
LO44434344322
LO55545554324
LO65455554455
LO75545443535
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Ege University, Bornova - İzmir / TURKEY • Phone: +90 232 311 10 10 • e-mail: intrec@mail.ege.edu.tr