Izlence

Course Code & Number:

ECON 211

Course Title:

Microeconomics I

Level:

BS

Credit Hours/ ECTS Credits:

(3+1+0) 3 TEDU Credits, 6 ECTS Credits

Academic Year

2023

Semester

Güz

Catalog Description:

Formal tools of microeconomic theory. Preferences and choice. Analysis of expenditure decisions of consumers. Production and costs. Cost minimization and profit maximization. Functioning of competitive markets. Application of the theoretical principles of microeconomics in various contexts in everyday life.

Pre-requisite / Co-requisite:

Instructor:

Seyit Mümin Cılasun

Sap Event ID:

50233651

Learning Outcomes:

After a successful finishing of the course, the student should be able to
1) Explain production decision of firms.
2) Describe the functioning of markets.
3) Calculate utility of the consumer and budget constraint.
4) Identify income and substitution effects of consumer demand.
5) Examine how economic agents interact in the market.
6) Analyze supply and demand and equilibrium in the market.
7) Apply fundamental theory of microeconomics to various contexts in everyday life.

Learning Activities and Teaching Methods:

Assessment Methods and Criteria: