Information Package
baskent.edu.tr

Program of Economics (Turkish)

ECON213

MICROECONOMIC THEORY I

Course Code
ECON213
Semester
Third Term (Fall)
Theory+Practice
3 + 0
ECTS
5
Course TypeCompulsory Course
Course LevelBachelor's Degree
Year of Study2
SemesterThird Term (Fall)
ECTS5
Name of Lecturer(s) -
Learning Outcomes

At the end of this course, the students;

  1. Analyses basic supply and demand relations with formal models
  2. Discusses the operation of different markets
  3. Analytically examine market failures and their solutions
Mode of DeliveryFace to face
PrerequisitesYes(ECON115)
Recommended Optional Programme ComponentsECON101
Course DescriptionThis course presents the basic analytical tools of microeconomics. It describes decision making process of individuals and how these decisions are optimized by using consumer and firm theory. Then how competitive markets function and what happens after government interventions are analysed.
Course Contents
WEEK TOPICS
1st Week Markets and Prices
2nd Week Consumer Behaviour
3rd Week Individual and Market Demand
4th Week Production
5th Week Cost of Production in Short Run
6th Week Cost of Production in Long Run
7th Week Midterm
8th Week Profit Maximization
9th Week Competitive Supply
10th Week Analysis of Competitive Markets
11th Week Market Power: Monopoly
12th Week Market Power: Monopsony
13th Week Market Power and Pricing
14th Week Market Power and Welfare
Recommended or Required ReadingRobert Pindyck and Daniel L. Rubinfeld, Microeconomics, 8th ed. Boston: Pearson, 2015.
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
  • Questions/Answers
  • Problem Solving
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Quiz 1 10
Total(%) 50
Contribution of In-term Studies to Overall Grade(%) 50
Contribution of Final Examination to Overall Grade(%) 50
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 2 2
Preparation for Quiz 2 8 16
Individual or group work 14 4 56
Preparation for Final exam 1 25 25
Course hours 14 3 42
Preparation for Midterm exam 1 20 20
Laboratory (including preparation)
Final exam 1 2 2
Homework
Total Work Load163
Total Work Load / 30 (h)5.43
ECTS Credit of the Course5
Language of InstructionTurkish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

LO1 LO2 LO3
K1 X X
K2 X X
K3 X X
K4 X
K5 X X
K6
K7
K8 X X
K9
K10
K11 X
K12
K13 X X