MICROECONOMIC ANALYSIS PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
EFS501	MICROECONOMIC ANALYSIS	1	3	3	6

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	MASTER'S DEGREE, TYY: + 7.Level, EQF-LLL: 7.Level, QF-EHEA: Second Cycle
Type of the Course :	Elective
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Assist.Prof. MEHMET SAYA
Instructor(s) of the Course Unit	Assoc.Prof. İSMAİL CEM AY
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	The students are expected to have some basic knowlege on the major aggregates and understand the reasons behind the economic decision individual and firms.
Contents of the Course Unit:	Consumer theory, cardinal and ordinal utility, producer theory, short and long run production functions, production costs theory, short and long run production costs, supply analysis, price theory, changes on market equilibrium

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
be able to make micro economic applications
be able to interprate the results of economic researches
be able to improve economic thinking ability
Provides explanation for how markets operates

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Reading	Fundamental Concepts of Economics	Lecturing,Discussing
2	Reading	Supply and Demand	Lecturing,Discussing
3	Reading	Market Equilibrium - Partial Equilibrium and General Equilibrium Analysis	Lecturing,Discussing
4	Reading	Static, Comparative Static, and Dynamic Analysis Distinction	Lecturing,Discussing
5	Reading	Price Elasticity of Demand	Lecturing,Discussing
6	Reading	Price Elasticity of Supply	Lecturing,Discussing
7	Reading	Consumer Behavior Theory – Cardinal Utility Approach	Lecturing,Discussing
8	Reading	Consumer Behavior Theory – Ordinal Utility Approach	-
9	Reading	Consumer Behavior Theory – Ordinal Utility Approach	Lecturing,Discussing
10	-	MID-TERM EXAM	-
11	Reading	Consumer Equilibrium - Hicks and Slutsky Approach	Lecturing,Discussing
12	Reading	Production and Costs in the Short and Long Term	Lecturing,Discussing
13	Reading	Short- and Long-Term Profit Maximization of a Firm in a Perfectly Competitive Market	Lecturing,Discussing
14	Reading	Short-Term and Long-Term Profit Maximization of a Firm in a Monopoly Market	Lecturing,Discussing
15	Reading	Oligopoly Market - Sweezy Kinked Demand Curve Model, Game Theory	Lecturing,Discussing
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Hal R. Varian, Microeconomic Analysis, Third Edition
Mankiw, G. Principles of Microeconomics (2013).Cangage Learing. US
Edgar K. Browning, Microeconomics: Theory and Applications 12th Edition-Paperback
Pindyck, Robert S. Rubinfeld, Daniel L (2001). Micro Economics.Prentice Hall

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method
Mid-Term Exam	1	50		Classical Exam
Final Exam	1	50		Classical Exam
TOTAL	2	100

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Summarizing the basic and advanced topics regarding economics and finance				3
2	Identifying the theories regarding economics and finance				3
3	Having knowledge of international economics and finance				3

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpreting the relevance of economics and finance with the other disciplines				3

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpreting the contemporary affairs regarding economics and finance					4
2	Expressing opinion about national and international economy politics				3

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Making economic and financial analyses				3
2	Preparing files for economics and finance			2

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Searching efficiently the literature related to the field				3
2	Doing qualitative and quantitative researches about the issues related to the field			2
3	Recognizing data collecting procedures.			2

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Recognizing the new and practical approaches regarding the field of economics and finance				3
2	Adopting the philosophy of life-long learning					4

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Using Turkish efficiently in written and oral communication in accordance with the rules					4
2	Comprehending the effects of economic and financial phenomena on society.				3

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Continuous improving of knowledge regarding the structure and characteristics of microeconomic variables			2
2	Understanding the relation among the concepts like growth, investment, inflation, interest rates, unemployment, exchange rate and international trade and interpretation of those.					4

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	14	3	42
Preliminary & Further Study	13	3	39
Land Surveying	0	0	0
Group Work	3	5	15
Laboratory	0	0	0
Reading	3	4	12
Assignment (Homework)	5	3	15
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	3	3	9
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	1	1	1
Preparation for the Final Exam	1	10	10
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	1	10	10
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	45	0	154