11111

COURSE INTRODUCTION AND APPLICATION INFORMATION


eco.ieu.edu.tr

Course Name
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
Fall
Prerequisites
 MATH 101To succeed (To get a grade of at least DD)
andMATH 102To succeed (To get a grade of at least DD)
andECON 101To succeed (To get a grade of at least DD)
Course Language
Course Type
Required
Course Level
-
Mode of Delivery -
Teaching Methods and Techniques of the Course
Course Coordinator
Course Lecturer(s) -
Assistant(s) -
Course Objectives
Learning Outcomes The students who succeeded in this course;
  • Will be able to explain consumer behavior and hence the demand side of the market.
  • Will be able to explain different consumer preferences.
  • Will be able to describe the concept of utility by the medium of indifference curves.
  • Will be able to identify the optimal choice of the consumer that maximizes consumer utility.
  • Will be able to analyze income and substitution effects of consumer demand through the Slutsky equation.
  • Will be able to explain the market demand for a product and the equilibrium in that product's market.
  • Will be able to solve complex mathematical problems.
Course Description

 



Course Category

Core Courses
X
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 Preliminaries Varian, Hal, Intermediate Microeconomics, Chapter 1 (W. W. Norton & Company, 7th edition)
2 Budget Constraint Varian, Hal, Intermediate Microeconomics, Chapter 2 (W. W. Norton & Company, 7th edition)
3 Preferences Varian, Hal, Intermediate Microeconomics, Chapter 3 (W. W. Norton & Company, 7th edition)
4 Preferences Varian, Hal, Intermediate Microeconomics, Chapter 3 (W. W. Norton & Company, 7th edition)
5 Utility Varian, Hal, Intermediate Microeconomics, Chapter 4 (W. W. Norton & Company, 7th edition)
6 Choice Varian, Hal, Intermediate Microeconomics, Chapter 5 (W. W. Norton & Company, 7th edition)
7 Demand Varian, Hal, Intermediate Microeconomics, Chapter 6 (W. W. Norton & Company, 7th edition)
8 Midterm 1
9 Slutsky Equation Varian, Hal, Intermediate Microeconomics, Chapter 8 (W. W. Norton & Company, 7th edition)
10 Revealed Preference Varian, Hal, Intermediate Microeconomics, Chapter 7 (W. W. Norton & Company, 7th edition)
11 Buying and Selling Varian, Hal, Intermediate Microeconomics, Chapter 19 (W. W. Norton & Company, 7th edition)
12 Consumer's Surplus Varian, Hal, Intermediate Microeconomics, Chapter 14 (W. W. Norton & Company, 7th edition)
13 Midterm 2
14 Market Demand Varian, Hal, Intermediate Microeconomics, Chapter 15 (W. W. Norton & Company, 7th edition)
15 Equilibrium Varian, Hal, Intermediate Microeconomics, Chapter 16 (W. W. Norton & Company, 7th edition)
16 Review
Course Notes/Textbooks Varian, Hal, Intermediate Microeconomics, W. W. Norton & Company, 8th edition, 2010
Suggested Readings/Materials

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
16
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterm
2
60
Final Exam
1
30
Total

Weighting of Semester Activities on the Final Grade
18
70
Weighting of End-of-Semester Activities on the Final Grade
1
30
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
Study Hours Out of Class
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterms
1
64
Final Exams
1
44
    Total
156

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1 To have a sound knowledge of the quantitative and qualitative methods that will help to examine the premises of different theories for an applied subject so that a contribution to solving current economic problems can be made. X
2 To have the experience of writing, using software, and doing presentations in the newspapers, magazines, meetings, panels, and in equivalent virtual platforms (internet), in order to share their accumulated knowledge and problem solving ability acquired during their education.
3 To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently.
4 To have adequate social responsibility and awareness with regards to the needs of the society and to have sufficient experience and qualifications to organize and support the activities to influence the social dynamics in line with the social goals.
5 To be able to integrate the knowledge and training acquired during the university education with personal and work experience and produce a synthesis of knowledge she requires.
6 To have the ability to evaluate his/her advance (post graduate) level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically.
7 To have sufficient practical and theoretical knowledge base in order to define the economic agents and their interaction both in the national and global level, to process economic data and to implement scientific research for development of economic policies. X
8 Keeping in mind that economics is a social science, to have the skills to integrate social dynamics into economic process both as an input and an output and to be open to theoretical innovations in this direction. X
9 To associate accumulated knowledge acquired during the university education with historical and cultural qualities of the society and to convey it to different groups.
10 To be able to follow knowledge and change in economics and communicate with colleagues in a foreign language. X
11 To possess social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis.
12 To have advanced level of speaking and writing skills of a second foreign language to support continuation of post graduate professional and individual development

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 

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