| Academic Unit: |
Department of Economics |
| Mode of Delivery: |
Face to face |
| Prerequisites: |
None |
| Language of Instruction: |
English |
| Level of Course Unit: |
Undergraduate |
| Course Coordinator: |
- - |
| Course Objectives: |
1. To provide students with a sound understanding of microeconomic theory and issues,
2. Develop analytical and critical thinking and also problem-solving skills within the framework of economic thinking,
3. To provide students with the knowledge and practical methods to apply the general principles of microeconomics to business problems. |
| Course Contents: |
The purpose of this course is to provide students with a sound understanding of microeconomic theory and issues. As it implies, microeconomics deals with the individual: the individual consumer, the individual firm, and the individual industry as they make decisions that affect the allocation of resources in the economy. Therefore, this course discusses the method of economics, scarcity of resources, the interaction of consumers and businesses in the marketplace, and how the market system places a value on factors of production. |
| Learning Outcomes of the Course Unit (LO): |
- 1- Understand the basic microeconomic principles
- 2- Develop analytical and critical skills required to apply economic theoretical analysis to determine the behavior of microeconomic units such as consumers, firms and industries
- 3- Analyze, explain and compare economic decisions and their consequences
- 4- Analyze the pricing and output decisions of firms in different markets
- 5- Evaluate the role of markets and governments in solving the economic problems facing societies
|
| Planned Learning Activities and Teaching Methods: |
All homework problems are to be handed in a week after they are assigned. Lecture notes are given to students so that they can cover the subjects at their home. |
| Week | Subjects | Related Preperation |
| 1 |
Introduction: The Market and Budget Constraint |
Varian: Chapter 1 & 2 |
| 2 |
Preferences and Utility |
Varian: Chapter 3 & 4, Homework 1 |
| 3 |
Choice and Demand |
Varian: Chapter 5 & 6, Homework 2 |
| 4 |
Slutsky Equation and Buying and Selling |
Varian: Chapter 8 & 9, Homework 3 |
| 5 |
Consumer Surplus and Market Demand |
Varian: Chapter 14 & 15, Homework 4 |
| 6 |
1st Midterm |
Review Questions and Homeworks |
| 7 |
Technology and Profit Maximization |
Varian: Chapter 18 & 19, Homework 5 |
| 8 |
Cost Minimization and Cost Curves |
Varian: Chapter 20 & 21, Homework 6 |
| 9 |
Firm Supply and Industry Supply |
Varian: Chapter 22 & 23, Homework 7 |
| 10 |
Equilibrium and Exchange |
Varian: Chapter 16 & 31, Homework 8 |
| 11 |
2nd Midterm |
Review Questions and Homeworks |
| 12 |
Monopoly and Monopoly Behavior |
Varian: Chapter 24 & 25, Homework 9 |
| 13 |
Oligopoly and Externalities |
Varian: Chapter 27 & 34, Homework 10 |
| 14 |
Public Goods and Review |
Varian: Chapter 36 |
At Kadir Has University, a Semester is 14 weeks; The weeks 15 and 16 are reserved for final exams.
THE RELATIONSHIP BETWEEN COURSE LEARNING OUTCOMES (LO) AND PROGRAM QUALIFICATIONS (PQ)
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PQ1 |
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PQ3 |
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PQ7 |
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PQ10 |
PQ11 |
PQ12 |
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| LO4 |
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| LO5 |
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Contribution: 1 Low, 2 Average, 3 High
