COURSE SYLLABUS

MICRO ECONOMIC THEORY

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:	None
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:	Dr. Öğrt. Üyesi Mustafa HATTAPOĞLU
17	Contactinformation of the Course Coordinator:	mhattapoglu@uludag.edu.tr
18	Website:
19	Objective of the Course:	The aim of this course is to teach the student the economic decision-making processes of consumers and producers and the pricing behavior of companies in different markets.
20	Contribution of the Course to Professional Development	With this course, the student learns how the market system works and the behavior of companies and consumers in this system. At the same time, this course is the basis for other courses in the program.

Learning Outcomes:

1	To be able to learn the basic concepts and theories of microeconomics, to analyze economic facts using them;;
2	To be able to use analytical tools of microeconomics and to explain economic facts by using them;;
3	To be able to explain consumer behavior according to cardinal and ordinal approach;;
4	To be able to analyze the economic decision making process of producers;;
5	To be able to explain production and costs according to neo-classical theory;;
6	To be able to analyze the role of the market in resource allocation;;
7	To be able to explain how the price is determined in Perfect Competition and Monopoly Markets;;
8	Learning the pricing strategies in the Monopoly Market;;
9	To be able to prepare and present scientific studies within the scope of current economic problems;;

22	Course Content:

Week	Theoretical	Practical
1	Scarcity, Choice and Market System
2	Consumer Balance: Cardinal Utility and Indifference Curves Approaches
3	Factors Affecting the Consumer Balance
4	Demand Function and Demand Elasticity
5	Production Function and Diminishing Yield Law
6	Producer Balance: Equivalent Curves and Efficient Use of Inputs
7	Cost Theory: Short Run
8	Cost Theory: Long Run and Economies of Scale
9	Supply Function and Supply Elasticity
10	Price Formation in Perfect Competition Market
11	Firm Balance in the Short-Term in Perfect Competition Market
12	Firm and Industry Balance in the Long Run in Perfect Competition Market
13	Firm Balance in the Monopoly Market
14	Price Discrimination in a Monopoly

23	Textbooks, References and/or Other Materials:	DİNLER, Zeynel (2012) Mikro İktisat, Ekin Kitabevi, Bursa.TURKAY, Orhan Mikro Iktisat Teorisi, Imaj Yayincilik Perloff Jeffrey M., Mikro Ekonomi, Pearson
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	presentation, class participation and examination.
Information	presentation, class participation and examination.

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