MICROECONOMICS
- Course
- ECON101 - MICROECONOMICS
- Department
- Economics - English - Master
- Course Type
- Scientific Preparation
- Status
- Required
- Language
- English
- Credit
- 0
- ECTS
- 4
- T+P+L
- 0 + 0 + 0
- Course Coordinator(s)
- Asst. Prof. Dr. Isah WADA
- Prerequisite
- -
- Keywords
- -
Course Description
-
MICROECONOMICS
Evaluation Tools (Active Term)
No evaluation items have been defined.
Course outcomes
- 01 Learning and applying the system of ideas regarding the economic thought and decision making
- 02 Comprehending and being able to apply the cost-benefit principle,
- 03 Having a clear idea about factors of production and production costs,
- 04 Ability to apply opportunity cost, economic profit and production possibilities frontier concepts in problem solving
- 05 Understanding and interpreting the demand and supply concepts in the market
- 06 Ability to understand and evaluate the total utility and marginal utility concepts,
- 07 Learning elasticity concept and being able to define the factors which affects the elasticity of demand and elasticity of supply.
Course Syllabus
| Week | Topic |
|---|---|
| Week 1 | Introduction to Economics, what is economics? Micro and Macro Economics |
| Week 2 | Economic way of thinking ; choices ,trade-offs,scarcity ,opportunity cost |
| Week 3 | Production Possibilities Frontier, Budget Line - circular flow diagram |
| Week 4 | Demand and Factors effecting demand -Supply and Factors effecting supply |
| Week 5 | Elasticity - Calculations -Inferior /normal goods, luxury goods, complement and substitute goods |
| Week 6 | midterm |
| Week 7 | midterm |
| Week 8 | Utility and demand |
| Week 9 | output and costs |
| Week 10 | Output and Costs |
| Week 11 | Markets and firms-quiz |
| Week 12 | Perfect Competition |
| Week 13 | Monopoly - quiz |
| Week 14 | Monopolistic competition , oligopolistic markets |
| Week 15 | Revision |
Reference Books & Course Materials
- 01 Micheal PARKIN , Economics ( 10 th edition ), 2011 ,Pearson, Addison Wesley
- 02 Robert FRANK and Ben BERNANKE , Principles of Micro Economics, Brief Edition, Second Edition, 2011, McGraw Hill
- 03 N.Gregory MANKIW, (3rd edition), Thomson,South-Western
Learning Outcomes
- L01 Learning and applying the system of ideas regarding the economic thought and decision making
- L02 Comprehending and being able to apply the cost-benefit principle,
- L03 Having a clear idea about factors of production and production costs,
- L04 Ability to apply opportunity cost, economic profit and production possibilities frontier concepts in problem solving
- L05 Understanding and interpreting the demand and supply concepts in the market
- L06 Ability to understand and evaluate the total utility and marginal utility concepts,
- L07 Learning elasticity concept and being able to define the factors which affects the elasticity of demand and elasticity of supply.
Program Outcomes
- PCST PÇ1: Develop and deepen knowledge acquired in plant science and technologies based on undergraduate level competencies.
- PCST PÇ2: Understand the interaction between plant science and technologies field and related disciplines.
- PCST PÇ3: Combine and interpret the theoretical and practical knowledge related to horticultural plants with the knowledge, data and findings obtained from different disciplines, to be able to create new knowledge and theories by synthesizing them by using the theoretical and practical knowledge related to horticultural plants in the field of expertise and supporting the current developments with quantitative and qualitative.
- PCST PÇ4: Solve problems by using research methods and solving cause and effect relationships.
- PCST PÇ5: Conduct a study requiring expertise on plant science and technologies independently.
- PCST PÇ6: Develop an analytical approach for solving unpredictable complex problems encountered in applications of plant science and technologies, to design the research process, to produce solutions by taking responsibility and to evaluate and defend the results obtained.
- PCST PÇ7: Lead the plant science and technologies in an environment that requires solving problems.
- PCST PÇ8: Access to resources related to plat science and technologies, benefiting from these resources and self-renewal.
- PCST PÇ9: Transfer his / her studies, developments in his / her field of expertise and research results using oral, written and visual tools.
- PCST PÇ10: Use advanced computer software and information and communication technologies as necessary in relation to plant science and technologies.
- PCST PÇ11: Collect data with scientific methods for solving problems related to plant science and technologies, to be able to control and interpret the collected data by taking into consideration the social, scientific and ethical values.
- PCST PÇ12: Utilize and explain integrated knowledge in plant science and technologies in interdisciplinary studies, communicate it effectively, and critically evaluate the conclusions drawn.
Po-Lo Matrix
| LO | Average | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| L01 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| L02 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| L03 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| L04 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| L05 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| L06 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| L07 | - | - | - | - | - | - | - | - | - | - | - | - | - |