COURSE SYLLABUS

MICRO ECONOMICS I

1	Course Title:	MICRO ECONOMICS I
2	Course Code:	IKT2201
3	Type of Course:	Compulsory
4	Level of Course:	First Cycle
5	Year of Study:	2
6	Semester:	3
7	ECTS Credits Allocated:	8
8	Theoretical (hour/week):	3
9	Practice (hour/week) :	0
10	Laboratory (hour/week) :	0
11	Prerequisites:	No prerequisites
12	Recommended optional programme components:	None
13	Language:	Turkish
14	Mode of Delivery:	Face to face
15	Course Coordinator:	Prof. Dr. NALAN ÖLMEZOĞULLARI
16	Course Lecturers:	Prof. Dr. Nalan ÖLMEZOĞULLARI Yrd. Doç. Dr. Metin ÖZDEMİR
17	Contactinformation of the Course Coordinator:	nalano@uludag.edu.tr, Tel: 0224 294099 Uludağ Üniversitesi, İİBF İktisat Bölümü, 16059 Görükle/BURSA
18	Website:
19	Objective of the Course:	The purpose of this course is to provide an understanding of economic decision making process of individuals (consumers/producers) and pricing behavior of firms in different market structures.
20	Contribution of the Course to Professional Development

Learning Outcomes:

1	Students will learn the basic concepts and theories of intermediate microeconomics;
2	Students will be able to use analytic tools of microeconomics;
3	Students will be able to explain consumer behavior theory, distinguishing between cardinal and ordinal utility ;
4	Students will be able to understand how rational economic agents make decisions as producers;
5	Students will be able to explain the neo-classical approach to production and cost ;
6	Students will be able to analyze the role of market mechanism in resource allocation;
7	Students will be able to explain how market prices are determined in perfectly competitive markets and monopoly;
8	Students will be able to explain the various pricing strategies available to a monopolist;

22	Course Content:

Week	Theoretical	Practical
1	Scarcity, Choices and Market Mechanism
2	Consumer Behavior: Cardinal Utility and Indifference Curves
3	Factors Affecting Consumer Behavior
4	Demand Function and Demand Elasticity
5	Production Function and Law of Diminishing Returns
6	Producer Behavior: Isoquant Curves and Optimal Input Combination
7	The Costs of Production: Short Run Cost Curves - Midterm Exam
8	The Costs of Production: Long Run and Economies of Scale
9	Supply Function and Supply Elasticity
10	Competitive Market Equilibrium
11	Short Run Equilibrium of the Firm Under Perfect Competition
12	Long Run Equilibrium of the Firm and Industry Under Perfect Competition
13	Monopoly
14	Monopoly Price Discrimination

23	Textbooks, References and/or Other Materials:	ŞAHİN, Hüseyin (2012) Microeconomics, Ezgi Publishing Bursa. (in Turkish) DİNLER, Zeynel (2012) Microeconomics, Ekin Publishing, Bursa. (in Turkish)
24	Assesment

TERM LEARNING ACTIVITIES	NUMBER	PERCENT
Midterm Exam	1	40
Quiz	0	0
Homeworks, Performances	0	0
Final Exam	1	60
Total	2	100
Contribution of Term (Year) Learning Activities to Success Grade		40
Contribution of Final Exam to Success Grade		60
Total		100
Measurement and Evaluation Techniques Used in the Course
Information

ECTS / WORK LOAD TABLE

CONTRIBUTION OF LEARNING OUTCOMES TO PROGRAMME QUALIFICATIONS

LO: Learning Objectives

PQ: Program Qualifications

Contribution Level:

1 Very Low

2 Low

3 Medium

4 High

5 Very High