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COURSE INFORMATION
Course CodeCourse TitleL+P HourSemesterECTS
EKON 427BASIC ECONOMICS - I3 + 03rd Semester5

COURSE DESCRIPTION
Course Level Bachelor's Degree
Course Type Elective
Course Objective This class presents microeconomic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level.
Course Content Markets, Budget constraint, Preferences, Utility, Optimal choice, Explained Preferences, Slutsky equation, Demand and supply, Time preference in consumption, Equilibrium in markets.
Prerequisites No the prerequisite of lesson.
Corequisite No the corequisite of lesson.
Mode of Delivery Face to Face

COURSE LEARNING OUTCOMES
1to use the microeconomics analyse tools
2to understand notion of market
3to explain the mechanism that ıt is back to the basic microeconomics
4to understand the dynamic process between comsumers and producers
5to explain the utility and profit maximization
6to use the firm's theory and market mechanism
7to comprehend the differens between general equilibrium and partial equilibrium

COURSE'S CONTRIBUTION TO PROGRAM
Data not found.

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
ActivitiesQuantityDuration (Hour)Total Work Load (Hour)
Course Duration (14 weeks/theoric+practical)14342
Hours for off-the-classroom study (Pre-study, practice)14342
Mid-terms12323
Final examination12323
Total Work Load

ECTS Credit of the Course






130

5
COURSE DETAILS
 Select Year   


 Course TermNoInstructors
Details 2011-2012 Fall2REŞAT CEYLAN


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Course Details
Course Code Course Title L+P Hour Course Code Language Of Instruction Course Semester
EKON 427 BASIC ECONOMICS - I 3 + 0 2 Turkish 2011-2012 Fall
Course Coordinator  E-Mail  Phone Number  Course Location Attendance
Prof. Dr. REŞAT CEYLAN rceylan@pau.edu.tr Course location is not specified. %
Goals This class presents microeconomic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level.
Content Markets, Budget constraint, Preferences, Utility, Optimal choice, Explained Preferences, Slutsky equation, Demand and supply, Time preference in consumption, Equilibrium in markets.
Topics
WeeksTopics
1 What is microeconomics?
2 Basic terms
3 Consumer theory
4 Consumer theory and demand
5 Marshallian and Hicksian demand curves
6 Decomposition of the total effect
7 Substitution and income effects
8 Midterm
9 Producer theory
10 Cost theory
11 Perfect competition
12 Monopoly
13 Oligopoly
14 Welfare theory and general equilibrium
Materials
Materials are not specified.
Resources
ResourcesResources Language
Microeconomics, Nicholson, 2009English
Microeconomics, Nicholson, 2009English
Microeconomics, Nicholson, 2009English
Microeconomics, Nicholson, 2009English
Course Assessment
Assesment MethodsPercentage (%)Assesment Methods Title
Final Exam60Final Exam
Midterm Exam40Midterm Exam
L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes