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MICROECONOMICS COURSE IDENTIFICATION AND APPLICATION INFORMATION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
BAY213 MICROECONOMICS 3 3 3 6

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY

Week Preparatory Topics(Subjects) Method
1 - Introduction to Microeconomics, definitions, concepts Lecture & Discussion & Case Methods, Interactive Web Tools
2 Reading the related subjects in the course book, following developments, macroeconomic data and markets Market Mechanism, Supply and Demand Theory and Market Balance Lecture & Discussion & Case Methods, Interactive Web Tools
3 Reading the related subjects in the course book, following developments, macroeconomic data and markets Obtaining consumer balance according to Cardinal Benefit approach and criticism of this approach. Ordinal Utility Approach and its Characteristics with Indifference Curves Lecture & Discussion & Case Methods, Interactive Web Tools
4 Reading the related subjects in the course book, following developments, macroeconomic data and markets Budget Line and Consumer Balance in Ordinal Utility Approach Lecture & Discussion & Case Methods, Interactive Web Tools
5 Reading the related subjects in the course book, following developments, macroeconomic data and markets Investigation of the Effects of Changes in Goods Prices and Income over Budget and Balance, Demand Function Variables, Movement on Demand Curve and Displacement of Demand Curve Lecture & Discussion & Case Methods, Interactive Web Tools
6 Reading the related subjects in the course book, following developments, macroeconomic data and markets Individual's demand curve, Price elasticity of demand, point elasticity, Private demand curves with various features, Elasticity, Price variations, Consumer expenditures Lecture & Discussion & Case Methods, Interactive Web Tools
7 Reading the related subjects in the course book, following developments, macroeconomic data and markets Cross elasticity, income elasticity, Introduction to production theory Lecture & Discussion & Case Methods, Interactive Web Tools
8 - MID-TERM EXAM -
9 Reading the related subjects in the course book, following developments, macroeconomic data and markets Review of Lecture Lecture & Discussion & Case Methods, Interactive Web Tools
10 Reading the related subjects in the course book, following developments, macroeconomic data and markets Classification of production factors. Concepts and Laws on Short Run Production Function and Related Concepts and Laws Lecture & Discussion & Case Methods, Interactive Web Tools
11 Reading the related subjects in the course book, following developments, macroeconomic data and markets Long Run production analyses- isoquant curves – isocost line - balance representation (optimal factor composition) Lecture & Discussion & Case Methods, Interactive Web Tools
12 Reading the related subjects in the course book, following developments, macroeconomic data and markets Cost Analyses – Short and Long Run cost curves and description of economies of scale and externality together with related concepts Lecture & Discussion & Case Methods, Interactive Web Tools
13 Reading the related subjects in the course book, following developments, macroeconomic data and markets Supply, Firm Short run supply function, description of profit maximization, elasticity and curves of supply Lecture & Discussion & Case Methods, Interactive Web Tools
14 Reading the related subjects in the course book, following developments, macroeconomic data and markets Supply, Firm Short run supply function, description of profit maximization, elasticity and curves of supply Lecture & Discussion & Case Methods, Interactive Web Tools
15 Reading the related subjects in the course book, following developments, macroeconomic data and markets Goods markets, full competition market, short and long term balances, types of market intervention and application examples Lecture & Discussion & Case Methods, Interactive Web Tools
16 - FINAL EXAM -
17 - FINAL EXAM -