1	Course Title:	MICRO ECONOMIC THEORY
2	Course Code:	IKT5101
3	Type of Course:	Compulsory
4	Level of Course:	Second Cycle
5	Year of Study:	1
6	Semester:	1
7	ECTS Credits Allocated:	7
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:	Doç.Dr. METİN ÖZDEMİR
16	Course Lecturers:	Yard. Doç. Dr. Mustafa Hattapoğlu
17	Contactinformation of the Course Coordinator:	mozdemir@uludag.edu.tr Tel: 0224 2941095 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

21

Learning Outcomes:

1 Students will learn the basic concepts and theories of intermediate microeconomics, and gain skills of using these concepts and theories; 2 Students will be able to use analytic tools of microeconomics, and they gain skills of explaining economic facts.; 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; 9 Students gain skills of preparing scientific studies and presenting these according to current economic developments.;

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
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:	DİNLER, Zeynel (2012) Microeconomics, Ekin Publishing, Bursa. (in Turkish)
24	Assesment

TERM LEARNING ACTIVITIES	NUMBER	PERCENT
Midterm Exam	0	0
Quiz	1	10
Homeworks, Performances	1	20
Final Exam	1	70
Total	3	100
Contribution of Term (Year) Learning Activities to Success Grade		30
Contribution of Final Exam to Success Grade		70
Total		100
Measurement and Evaluation Techniques Used in the Course
Information

25

ECTS / WORK LOAD TABLE

Activites	NUMBER	TIME [Hour]	Total WorkLoad [Hour]
Theoretical	14	3	42
Practicals/Labs	0	0	0
Self Study and Preparation	14	5	70
Homeworks, Performances	1	40	40
Projects	0	0	0
Field Studies	0	0	0
Midtermexams	0	0	0
Others	1	28	28
Final Exams	1	60	60
Total WorkLoad			240
Total workload/ 30 hr			8
ECTS Credit of the Course			8

26	CONTRIBUTION OF LEARNING OUTCOMES TO PROGRAMME QUALIFICATIONS
PQ1 PQ2 PQ3 PQ4 PQ5 PQ6 PQ7 PQ8 PQ9 PQ10 PQ11 LO1 5 5 3 3 3 3 3 3 4 3 3 LO2 5 5 3 4 3 3 3 3 4 3 3 LO3 5 5 3 3 3 3 3 3 4 3 3 LO4 5 5 3 3 3 3 3 3 4 3 3 LO5 5 5 3 3 3 3 3 3 4 3 3 LO6 5 5 3 3 3 3 3 3 4 3 3 LO7 5 5 4 3 3 3 3 3 4 3 3 LO8 5 5 5 3 4 3 3 3 4 3 3 LO9 3 4 5 2 3 4 5 2 1 3 4

LO: Learning Objectives

PQ: Program Qualifications

Contribution Level:

1 Very Low

2 Low

3 Medium

4 High

5 Very High