Information Package / Course Catalogue
| Psychology | |||||
| Bachelor | Length of the Programme: 4 | Number of Credits: 240 | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF: Level 6 |
Ders Genel Tanıtım Bilgileri
| School/Faculty/Institute | Faculty of Economics, Administrative and Social Sciences | ||||
| Course Code | ECON 201 | ||||
| Course Title in English | Microeconomic Theory I | ||||
| Course Title in Turkish | Mikroekonomik Teori I | ||||
| Language of Instruction | EN | ||||
| Type of Course | Flipped Classroom | ||||
| Level of Course | Seçiniz | ||||
| Semester | Fall | ||||
| Contact Hours per Week |
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| Estimated Student Workload | 136 hours per semester | ||||
| Number of Credits | 5 ECTS | ||||
| Grading Mode | Standard Letter Grade | ||||
| Pre-requisites |
ECON 101 - Microeconomics MATH 102 - Mathematics for Social Sciences Ii MATH 104 - Mathematics for Social Sciences II |
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| Expected Prior Knowledge | Introduction level economics | ||||
| Co-requisites | None | ||||
| Registration Restrictions | Only undergraduate students | ||||
| Overall Educational Objective | The course intends to give a microeconomic way of thinking to the students. The main objective will be to explain consumer behavior, producer decisions and main properties of competitive market structure. | ||||
| Course Description | Microeconomic Theory I introduces an “economic way of thinking” and method of analysis in order to examine economic markets and human behavior. Microeconomic Theory I focuses on how choices are made (both at individual consumer and also producer level), how scarce resources are allocated among alternative ends, and how markets operate. Emphasis is placed on the operation of product and resource markets, the role of “prices” as signals, and decision-making by consumers, firms, workers, and government. The course provides students with the ability to use economic analysis (in particular, a demand-supply framework) and economic reasoning to better understand a variety of economic activities, as well as providing preparation for further study in economics. | ||||
| Course Description in Turkish | Mikroiktisat Teori I dersi iktisadi düşünce biçimini piyasalar ve birey davranışları üzerinden açıklamaktadır. Birey ve firma düzeyinde kararların nasıl alındığı, kısıtlı kaynakların nasıl dağıtıldığı / kullanıldığı ve piyasaların çalışma prensipleri bu dersin içinde açıklanmaktadır. Tüketiciler, işçiler ve kamu kesiminin nasıl davrandığı piyasadaki fiyat mekanizması üzerinden tartışılmaktadır. Ders öğrencilere piyasa mekanizmasının, arz ve talep ilişkilerinin nasıl çalıştığını anlatmakta ve ileriye dönük iktisat eğitimine hazırlık oluşturmaktadır. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) Define the basic concepts of microeconomics 2) Understand the basic concepts of consumer theory and utility maximization 3) Understand the basics of producer theory and profit maximization 4) Explain the rational decision making of consumers and producers 5) Define the pricing in competitive markets |
| Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| 1) Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. | |||||
| 2) Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. | |||||
| 3) Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. | |||||
| 4) Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. | |||||
| 5) Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. | |||||
| 6) Internalization and dissemination of professional ethical standards. | |||||
| 7) Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. | |||||
| 8) Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). | |||||
| 9) Recognition, understanding, and respect for the complexity of sociocultural and international diversity. | |||||
| 10) Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. | |||||
| 11) Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. | |||||
| 12) Ability to acquire knowledge independently, and to plan one’s own learning. | |||||
| 13) Demonstration of advanced competence in the clarity and composition of written work and presentations. |
Relation to Program Outcomes and Competences
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. | N | |
| 2) | Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. | N | |
| 3) | Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. | H | Exam,HW,Participation |
| 4) | Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. | N | |
| 5) | Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. | N | |
| 6) | Internalization and dissemination of professional ethical standards. | N | |
| 7) | Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. | N | |
| 8) | Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). | N | |
| 9) | Recognition, understanding, and respect for the complexity of sociocultural and international diversity. | S | Participation |
| 10) | Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. | S | HW,Participation |
| 11) | Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. | N | |
| 12) | Ability to acquire knowledge independently, and to plan one’s own learning. | S | Exam,HW |
| 13) | Demonstration of advanced competence in the clarity and composition of written work and presentations. | H | Exam,HW |
| Prepared by and Date | BURHAN CAN KARAHASAN , December 2023 |
| Course Coordinator | BURHAN CAN KARAHASAN |
| Semester | Fall |
| Name of Instructor | Prof. Dr. BURHAN CAN KARAHASAN |
Course Contents
| Week | Subject |
| 1) | Introduction-Basic Concepts |
| 2) | Demand and Supply Analysis and Market Equilibrium |
| 3) | Consumer Preferences |
| 4) | Consumer Behavior: Utility |
| 5) | Consumer Behavior: Choice |
| 6) | Consumer Behavior: Demand |
| 7) | Midterm / Uncertainty and risky assets |
| 8) | Production Theory: Technology |
| 9) | Production Theory: Cost of Production |
| 10) | Profit Maximization |
| 11) | Production Theory: Firm supply |
| 12) | Production Theory: Industry supply |
| 13) | Analysis of the Competitive Markets |
| 14) | Analysis of the Competitive Markets II / Review |
| 15) | Final Examination Period |
| 16) | Final Examination Period |
| Required/Recommended Readings | MICROECONOMICS, Pindyck R.S. and Rubinfeld D.L. (9th Edition, Pearson) MICROECONOMICS, Perfloff (Pearson) INTERMEDIATE MICROECONOMICS, Hal R. Varian (9th Edition, W. W. Norton Company) | ||||||||||||||||||
| Teaching Methods | Flipped classroom | ||||||||||||||||||
| Homework and Projects | |||||||||||||||||||
| Laboratory Work | none | ||||||||||||||||||
| Computer Use | none | ||||||||||||||||||
| Other Activities | none | ||||||||||||||||||
| Assessment Methods |
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| Course Administration |
karahasanb@mef.edu.tr Prof. Dr. Burhan Can Karahasan |
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ECTS Student Workload Estimation
| Activity | No/Weeks | Hours | Calculation | ||||
| No/Weeks per Semester | Preparing for the Activity | Spent in the Activity Itself | Completing the Activity Requirements | ||||
| Course Hours | 14 | 2 | 3 | 1 | 84 | ||
| Quiz(zes) | 4 | 5 | 1 | 24 | |||
| Midterm(s) | 1 | 10 | 2 | 12 | |||
| Final Examination | 1 | 14 | 2 | 16 | |||
| Total Workload | 136 | ||||||
| Total Workload/25 | 5.4 | ||||||
| ECTS | 5 | ||||||